NEW YORK, United States, Oct. 06, 2022 (GLOBE NEWSWIRE) -- According to Facts and Factors has published a new research report titled “Cloud Gaming Market Size, Share, Growth Analysis Report By Offering (Infrastructure, Gaming Platform Service), By Device Type (Smartphones, Tablets, Gaming Consoles, PC and Laptops, Smart TV, HMD), By Solution (Video Streaming, File Streaming), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028” in its research database.
“According to the latest research study, the global Cloud Gaming Market size in terms of revenue was valued at USD 1,592.40 Million in 2021 and it is expected to hit around USD 13,333.41 Million mark by 2028, growing at a compound annual growth rate (CAGR) of approximately 42.50% during the forecast period 2022 to 2028.”
Cloud Gaming Market Overview:
Platforms for cloud gaming offer a more inexpensive choice for users and game producers. Customers who play games in the cloud can avoid the cost of purchasing a hardware console or P.C. Instead, buyers might pay a small monthly fee to subscribe to a cloud gaming service, which often provides access to a library with a selection of pre-loaded games that can PLAY on any device and from anywhere. Because they don't have to worry about downloading, waiting for a game to install, or maintaining storage space for new games, users of cloud gaming services can also save money on bandwidth and storage costs.
Additionally, cloud gaming services enable video game developers to create games for specific hardware without considering a minimal system optimization for lower-end consumer consoles or P.C.s. I.T. expedites development and, in the end, helps them save money. Cloud gaming services are becoming more widely available, and this development is expected to continue in the future.
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Our Free Sample Report Consists of the Following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- Provide detailed chapter-by-chapter guidance on Request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Facts and Factors research methodology
Global Cloud Gaming Market: Growth Drivers
The increasing ubiquity of the internet and the ease of access to cloud-based games are driving up demand for them. Furthermore, 5G offers larger bandwidths and lower latency, allowing players to stream X.R. games effortlessly. Furthermore, the increasing adoption of smartphones is likely to boost the global cloud gaming market growth. The expansion of the market is primarily driven by the growing popularity of mobile gaming and the digitalization of gaming technologies. Maintaining and regularly updated backup is another advantage of cloud gaming. It reduces the need to maintain physical copies of software and lowers the overall cost of gaming.
Cloud gaming reduces the amount of data stored and makes it easier for users to access the games. All of these elements have influenced how well-liked cloud gaming is overall. Additionally, expanding network connectivity, the availability of quick-play games, and gameplays that don't require download or installation on nearly all platforms and operating systems, including Android, Linux, Mac, iOS, and Chrome O.S., are all fueling market expansion.
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Cloud Gaming Market: Segmentation Analysis
The global cloud gaming market is segmented based on the offering, device type, solution, and region.
Based on the offering, the market is segmented into infrastructure and gaming platform services. The gaming platform segment accounted for a high share globally in 2021. Based on device type, the market is segmented into smartphones, tablets, gaming consoles, P.C. and laptops, smart T.V., and HMD. The smartphone segment dominated the market in 2021.
Based on the solution, the market is segmented on video and file streaming. The video streaming segment dominated the market in 2021.
The global Cloud Gaming market is segmented as follows:
By Offering
- Infrastructure
- Game Platform Services
By Device Type
- Smartphones
- Tablets
- Gaming Consoles
- PCs & Laptops
- Smart TVs
- HMD
By Solution
- Video Streaming
- File Streaming
Browse the full “Cloud Gaming Market Size, Share, Growth Analysis Report By Offering (Infrastructure, Gaming Platform Service), By Device Type (Smartphones, Tablets, Gaming Consoles, PC and Laptops, Smart TV, HMD), By Solution (Video Streaming, File Streaming), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028” Report at https://www.fnfresearch.com/cloud-gaming-market
Competitive Landscape
The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards. Some of the main competitors dominating the global Cloud Gaming market include -
- AMAZON LUNA
- BLACKNUT
- GOOGLE LLC.
- MICROSOFT CORPORATION
- NVIDIA CORPORATION
- SHADOW
- SONY GROUP CORPORATION
- TENCENT
- UBITUS K.K.
- VORTEX (REMOTEMYAPP SP. Z O. O.)
Key Insights from Primary Research:
- According to the analysis shared by our research forecaster, the Cloud Gaming market is likely to expand at a CAGR of around 42.50% during the forecast period (2022-2028).
- In terms of revenue, the Cloud Gaming market size was valued at around US$ 1,592.40 Million in 2021 and is projected to reach US$ 13,333.41 Million by 2028.
- Demand for cloud-based games is rising due to their accessibility and growing internet ubiquity. Additionally, 5G provides greater bandwidths and lower latency, enabling gamers to stream XR games easily. In addition, the growing use of smartphones is anticipated to boost market expansion globally.
- By offering, the gaming platform category dominated the market in 2021.
- By device type, the smartphone category dominated the market in 2021.
- The Asia Pacific region dominated the cloud gaming market in 2021.
Key Offerings:
- Market Size & Forecast by Revenue | 2022−2028
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis By Offering, Device Type, Solution, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Regional Analysis:
The Asia Pacific dominated the global cloud gaming market in 2021. The region's market growth is anticipated to be driven by increased entertainment demand and expanding smartphone adoption. New gaming genres, greater disposable wealth, and an increasingly young population support this. Among the countries with the largest contributions to the global gaming sector are Japan, China, and India.
China is anticipated to dominate the market throughout the projection period, thanks to rising investments in telecommunications and 5G infrastructures. Japan will experience rapid growth over the anticipated term due to significant cloud gaming industry players. The gaming industry in these countries is developing due to the quick advancement of technology and numerous important game businesses, including Konami, Sony, and Nintendo, which have long been household brands.
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Recent Developments
- September 2021: To increase the selection of games available on the gaming platform for GeForce NOW, NVIDIA Corporation worked with Electronic Arts Inc. Through this collaboration, Electronic Arts made its popular games available on NVIDIA's GeForce NOW. Games including Mirror's Edge Catalyst, Battlefield 1 Revolution, Dragon Age: Inquisition, Apex Legends, and Unravel Two were introduced to the NVIDIA gaming service by the firm.
- November 2020: Ubitus Inc. and Intel Corporation released a game app for Android. As the system is built on an Intel Server GPU, gaming performance is enhanced.
Report Scope
| Report Attribute | Details |
| Market Size in 2021 | USD 1,592.40 Million |
| Projected Market Size in 2028 | USD 13,333.41 Million |
| CAGR Growth Rate | 42.50% CAGR |
| Base Year | 2021 |
| Forecast Years | 2022-2028 |
| Key Market Players | AMAZON LUNA, BLACKNUT, GOOGLE LLC., MICROSOFT CORPORATION, NVIDIA CORPORATION, SHADOW, SONY GROUP CORPORATION, TENCENT, UBITUS K.K., VORTEX (REMOTEMYAPP SP. Z O. O.)., and others. |
| Key Segment | By Offering, Device Type, Solution, and Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
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