Cloud Gaming Market 2023 | Worth US$ 13,581.3 Million by 2028 | Growth Rate (CAGR) of 47.5% | IMARC Group
The global cloud gaming market size reached US$ 1,286.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 13,581.3 Million by 2028, exhibiting a growth rate (CAGR) of 47.5% during 2023-2028.
Cloud gaming, or gaming-as-a-service, is gaming that runs video games on remote servers and channels them directly to a user's device. It enables playing a game remotely from the cloud. It differs from traditional gaming, wherein a game runs locally on a user's video game console, personal computer, or mobile device. It operates similarly to remote desktops and video-on-demand services. Cloud gaming can be beneficial as it eliminates the need to purchase expensive computer hardware or install games directly onto a local game system. It can be made available on a wide range of computing devices, including mobile devices such as smartphones and tablets, digital media players, or proprietary thin client-like devices.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Cloud Gaming Market Trends:
The global market is majorly driven by the increasing demand for video games and affordable gaming solutions. In line with this, launching a new range of games positively influences market growth as users' interest in unique experiences is rising. Due to the cost benefits and ease of operation, the leading players in the video gaming industry have entered the market. Furthermore, key companies are taking advantage of the growing interest in video games and launching cloud gaming services to provide an affordable solution and expand the gaming market. Moreover, the emerging trend of mobile cloud gaming is creating a positive outlook for the market.
Besides, various market players are focusing on achieving low latency in gaming services to give users an immersive and unique gaming experience. This, in turn, is expected to catalyze market expansion. Additionally, the leading market players and telecom providers are forming alliances and collaborations to give gamers a 5G gaming experience. This is projected to boost market growth in the coming years.
Explore the Full Report with TOC & List of Figures: https://www.imarcgroup.com/cloud-gaming-market
Key Market Segmentation:
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
Some of these key players include:
• Utomik B.V.
• Nvidia Corporation (NASDAQ: NVDA)
• Numecent Holdings Ltd.
• RemoteMyApp SP ZOO (Vortex) (OTCMKTS: VTXB)
• Parsec Cloud Inc.
• LiquidSky Software Inc.
• Simplay Gaming Ltd.
• Ubitus Inc.
• Microsoft Corporation (NASDAQ: MSFT)
• Sony (NYSE: SONY)
• Amazon web services (NASDAQ: AMZN)
• Google (NASDAQ: GOOGL)
• IBM Corporation (NYSE: IBM)
• Samsung electronics (KRX: 005930)
• CiiNow, Inc.
Breakup by Devices Type:
• Smart TVs
Breakup by Spectrum:
• Video Streaming
• File Streaming
Breakup by Genre:
• Adventure/Role Playing Games
• Social Games
Breakup by Spectrum:
• Casual Gamers
Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
• Scope and Methodology
• Executive Summary
• Global Market
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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