Cloud Gaming Market To Garner Revenue Worth USD 8,833 Million By 2027: Facts and Factors

According to the report, the global cloud gaming market was valued at approximately USD 1,011 million in 2018 and is expected to reach a value of around USD 8,833 million by 2027, at a CAGR of around 27.2 % between 2019 and 2027.

Cloud gaming is a new manner to provide high-quality gaming experience to gamers from anywhere and anytime. In cloud gaming, advanced game software runs on powerful servers in data centers and the game scenes are flowed to gamers across the internet in real-time. After that, the gamers make use of lightweight software implemented on heterogeneous equipment to relate with the games. In short, cloud gaming is a game that is on the company server and not on the player’s computer. The player or gamer can set up the client program to access the server and can enter the game.

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Rapid rise in the gaming equipment & audience to boost the market growth

The rise in the gaming devices & audiences will proliferate the growth of the cloud gaming industry over the forecast period. Moreover, the technological breakthroughs in the field of graphic design exulting & drawing realistic picture are attracting new users across the globe. Furthermore, the ability of multiple player gaming is increasing and forcing audiences to play the games. This, in turn, has helped the cloud gaming garner popularity across the globe.

Apparently, the large-scale acceptance of cloud-based games due to the rapid growth of the internet and rise in the storage capacity & processing ability of computers will define the scope of the business. In addition to this, cloud gaming & computing resources are cost-effective and this will further embellish the growth rate of the market over the forecast timespan. Growing inception of VR and AR technologies will impel the market trends.

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Public cloud to lead the cloud type segment over the forecast period

The public cloud segment is likely to register the highest CAGR of nearly 29.3% over the forecast timeline. It is also projected to contribute a major revenue share of the market during the period from 2019 to 2027. The growth of the segment is due to its beneficial features like reduced maintenance expenses and high reliability.

File Streaming to register highest CAGR over the forecast timeframe

File streaming segment is expected to record a CAGR of nearly 31.8% during the period from 2019 to 2027. The segment provides benefits like a good CDN for small data package distribution as compared to video streaming and this aspect has played a pivotal part in shaping the growth of the segment.

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North America to dominate the overall regional market growth during the forecast period

The regional market growth is attributed to easy access to high-speed internet service along with the huge penetration of smart equipment in the region. The U.S. is likely to contribute a major chunk of the regional market earnings during the forecast timeline.

Key players in the cloud gaming industry include Amazon Web Services, Inc., Blade (Shadow), Cloudzen, CRYTEK, GameFly, Inc, Google, HATCH ENTERTAINMENT LTD., IBM Corporation, LiquidSky Software, Inc., Microsoft, NVIDIA Corporation, PAPERSPACE, Parsec Cloud, Inc., RemoteMyApp Sp. z o. o. (Vortex), Samsung Electronics, SIMPLAY, Sony Corporation, and Ubitus Inc.

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This report segments the cloud gaming market as follows:

Global Cloud Gaming Market: By Cloud Type Segment Analysis

Public
Hybrid
Private

Global Cloud Gaming Market: By Streaming Type Segment Analysis

Video
File

Global Cloud Gaming Market: By Device Segment Analysis

Smart Phones
PC
Tablet
Gaming Console

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