Press release
Cloud Gaming Market Latest Innovations, Demand and Business Outlook by 2026
The Cloud Gaming Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Cloud Gaming market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Cloud Gaming market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Cloud Gaming market.The Cloud Gaming Market was valued at USD 1.15 billion in 2020 and is expected to reach USD 2.70 billion by 2026, at a CAGR of 15.3% over the forecast period 2021 - 2026.
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Top Leading Companies of Cloud Gaming Market are - Utomik BV, Nvidia Corporation, Numecent Holdings Ltd, RemoteMyApp SP ZOO, Parsec Cloud Inc., LiquidSky Software Inc., Simplay Gaming Ltd, Ubitus Inc., Shawdow.tech (Blade SAS) and others.
Industry News and Updates:
- March 2019 - Google launched its Stadia cloud gaming service at the Game Developers Conference (GDC) in San Francisco.
- March 2019 - NVIDIA released a limited edition of GeForce NOW SDK, which is an open platform ready to support existing game store or in-game purchase system without taking a share of the user's profits.
- July 2018 - Cloudpaging pioneer Numecent announced that it acquired the assets of Approxy, its cloud-gaming offshoot, which was originally spun- out of Numecent to bring cloudpaging into next-generation cloud-gaming services.
Key Market Trends:
Smartphones Adoption to Drive the Market Growth
- With the increasing adoption of smartphones all over the world, many companies are introducing cloud gaming for 5G enabled smartphones. According to Cisco's latest "Visual Networking Index (VNI)" report, India may have 800 million smartphone users by 2022.
- Hatch released games for smartphones, launched initially in Finland (November 2018) and is now spreading to other European Countries. It has also partnered with DOCOMO to bring smartphone gaming in Japan.
- Sprint has teamed up with Hatch Entertainment to offer mobile cloud gaming services on Sprint’s 5G network in the United States.
Asia-Pacific to Witness the Highest Growth
- Asia-Pacific is soon becoming the hub for many pilot projects of gaming companies. For instance, in March 2019, Tencent launched a website for the cloud gaming platform called Start and invited people in Shanghai and Guangdong, China to sign up for the test.
- In the Asia-Pacific region, many organizations are recognizing the shortcomings of a more siloed multi-cloud strategy, and are enhancing overall business agility with hybrid cloud.
- Chip designer Nvidia Corp partnered with SoftBank Corp and LG Uplus Corp to deploy cloud gaming servers in Japan and Korea later in 2019.
- According to predictions by GSMA Intelligence, China may have the largest smartphone market in 2025, followed by India. Moreover, smartphone adoption in Asia-Pacific may grow from 57% in 2017 to 77% in 2025.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Cloud Gaming Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Cloud Gaming Market (%),2016 - 2026
- Cloud Gaming Market Share, By Brand
- Cloud Gaming Market Share, By Company
- Cloud Gaming Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Cloud Gaming Market Value Analysis & Forecast
- Promising Cloud Gaming Development by Major Companies
- Detailed Cloud Gaming Portfolio of the Major Companies
- Major Deals in the Cloud Gaming Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02082592268/cloud-gaming-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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