Cloud Gaming Market SWOT Analysis and Growing analysis 2023-2031

The global cloud gaming market revenue was US$ 383 million in 2021. The global cloud gaming market revenue is forecast to reach US$ 21,954 million by 2030, growing at a compound annual growth rate (CAGR) of 57.4% during the forecast period from 2022-2030.

The cloud gaming industry, also referred to as gaming on demand, is a form of web gaming that allows users to stream games directly onto their personal computers, mobile devices, or consoles. Through the use of a remote connection, a third-party organization with the game's software stored on its server can provide access to the game. It allows users to play games online without downloading or purchasing the software.

The user can also view another player's game through live video streaming through cloud gaming experiences on smart devices. It aims to provide end-users with a smooth and direct gaming experience on a variety of different devices.

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Factors Influencing Market Growth
The global cloud gaming market is experiencing growth due to the growing audience for mobile gaming and the digitalization of gaming technology.

The benefits of cloud gaming include constant updates and backups. It also eliminates the necessity of keeping physical copies of the software, thereby reducing the overall cost of gaming. In addition, cloud gaming reduces data storage and makes gaming more accessible to users. These factors have all influenced cloud gaming's market growing popularity.

Enhanced network connectivity, instant play, and game installation-free gaming on almost any operating system and device, including Android, Linux, Mac, iOS, and Chrome OS, have catalyzed the global cloud gaming market growth.

Impact Analysis of COVID-19

The COVID-19 pandemic had a positive impact on the cloud gaming market. With the majority of the populace quarantined at home due to the pandemic, search engines offered a wide range of interactive games on their home page. For example, Google released a series of cloud-based doodles in April 2020 based on its past games.

The increasing demand for entertainment during the quarantine period boosted the global market growth. Cloud gaming vendors encouraged social distancing while promoting cloud gaming. In April 2020, Google, Inc. removed the entry fee for its Stadia cloud gaming service, making video games available for free.

Regional Insights

The Asia Pacific region dominates the cloud gaming market. As smartphone penetration increases and entertainment demand increases, the market is forecast to continue growing. Several cloud service providers are partnering with cloud gaming service providers in the region to launch cloud gaming services. Thus, these factors are promoting the growth of the cloud gaming market in the region.

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Leading Competitors

The leading prominent companies profiled in the global cloud gaming market are:

Amazon Luna
Blacknut
Google LLC
Microsoft Corporation
NVIDIA Corporation
Shadow.tech
Sony Group Corporation
Tencent
Ubitus K.K.
Vortex (RemoteMyApp Sp. z o. o.)
Other Prominent Players

Scope of the Report

The global cloud gaming market segmentation focuses on Offering, Device Type, Gamer Type, Solution, and Region.

Segmentation based on Offering

Infrastructure
Compute
Memory
Storage
Gaming Platform Services
Content Services
PC Services

Segmentation based on Device Type

Smartphones
Tablets
Gaming Consoles
PCs & Laptops
Smart TVs
HMDs

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Segmentation based on Gamer Type

Casual Gamers
Avid Gamers
Professional Gamers

Segmentation based on Solution

Video Streaming
File Streaming

Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

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