What's Driving the Global Cloud Gaming Market Growth? Major Key Companies Operated in the Market are Apple, Cloudzen, Electronic Arts, Inc., Microsoft, NVIDIA, Playgiga, Wiztivi

With the evolution of computer and mobile gaming due to technological advancements, global cloud gaming market is poised to experience an unprecedented level of growth over the forecast time period. Estimates show that on an average, individuals play video games for nearly six hours on a weekly basis. Moreover, they seemingly spend approximately two hours each week watching others play video games on online streaming platforms such as YouTube and Twitch.

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A cloud-based gaming solution apparently provides game developers with an efficient way to build a platform where people can play desired titles without having to own expensive hardware, besides cutting out middlemen such as physical and online stores. Recent advancements in cloud technology have enabled devices with lower computational capacity to operate some of the best high-quality next-generation games. In addition, increasing prices of gaming consoles and components, rise in hardware specifications and surging investments in faster internet networks have allowed access to several games at cost-effective rates, stimulating the global cloud gaming market.

The Major Key Players in the Market are as follows:
o Apple
o Cloudzen
o Electronic Arts, Inc.
o Microsoft
o NVIDIA
o Playgiga
o Wiztivi

Mobile devices were solely designed for communication purpose, but technological enhancements have enabled them to deliver numerous other applications like gaming. Introduction of the revolutionary 5G technology is expected to drastically transform the cellular network infrastructure, which has opened up another dimension for the gaming sector. Cloud gaming market could see massive adoption from the smartphone and tablets segment with the growing availability 5G mobile networks. Countries across the globe including the United States, South Korea, China, and Japan, have made investments in 5G technology to garner micro-economic profits and reinforce the overall communication landscape.

Getting a smooth AR/VR gaming experience entails expensive hardware components and a high-bandwidth connectivity network. This not only hinders revenue growth by creating an entry barrier but also severely restricts portability and device form factors. Cloud gaming market would help eliminate these restrictions as gamers can rent machines with a high-power GPU and also leverage the high-bandwidth network it facilitates to reduce latency and run graphically taxing games at significantly higher frame rates.

From a regional perspective, North America is expected to hold a significant chunk of the cloud gaming market over the forecast timeframe. In 2017, it was reported that the amount of time an average American spends gaming has increased by 50% since the year 2003. The presence of prominent technology firms such as Google, Microsoft, Electronic Arts and gaming companies such as Rockstar Games as well as Epic Games across the country provides a strong foundation that would bring in substantial remunerations for cloud gaming market.

Recently, Google had announced the launch of its own cloud-based video game service platform called Google Stadia. The Stadia Founders Edition package would be available for $129.99 and will include a controller, a three-month subscription and a Chromecast Ultra streaming device. Google's announcement was immediately followed by Microsoft making unveiling its own Project xCloud, the company's venture in the domain of cloud gaming.

Prominent steps taken by leading game developers and cloud computing players towards offering efficient gaming solutions to players will greatly outline how games are accessed and played in the future. As more gamers show interest in subscribing to products released by tech giants like Microsoft and Google, other companies can be expected to unleash a host of cloud-based products, escalating the competitive landscape of cloud gaming market.

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