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Global Cloud Gaming Market 2023- Size, Share, Growth Analysis, Latest Trends, And Forecast To 2032
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032Cloud Gaming Market Size, Growth Rate, And Forecast
The global cloud gaming market size is expected to grow from $6.71 billion in 2022 to $9.79 billion in 2023 at a compound annual growth rate (CAGR) of 45.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cloud gaming market size is expected to reach $43.19 billion in 2027 at a CAGR of 44.9%.
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Cloud Gaming Market Drivers
The rising penetration of the internet is expected to propel the growth of the cloud gaming market going forward. Internet penetration is the proportion of the population that has internet access, which is defined by the country's internet user ratio. An Internet connection helps in cloud gaming by providing access to the games and creating connections to the remote servers.
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Cloud Gaming Market Segments
1) By Gaming Type: Video Streaming, File Streaming
2) By Offering: Infrastructure, Game Platform Services
3) By Device: Smartphones, Tablets, Gaming Consoles, PCs and Laptops, Smart TVs, Head-Mounted Displays
4) By End User: Casual Gamers, Avid Gamers, Hardcore* Gamers
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the cloud gaming market.
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Cloud Gaming Market Key Players
Major competitors in the cloud gaming market include Amazon Inc., Google Inc., Intel Corporation, Microsoft Corporation, NVIDIA Corporation, Sony Interactive Entertainment, Ubitus Inc., Tencent Holdings Ltd.
The Business Research Company's "Global Cloud Gaming Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Cloud Gaming Market Include:
1. Executive Summary
2. Cloud Gaming Market Characteristics
3. Cloud Gaming Market Trends And Strategies
4. Cloud Gaming Market - Macro Economic Scenario
5. Cloud Gaming Market Size And Growth
.......
26. Africa Cloud Gaming Market
27. Cloud Gaming Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Cloud Gaming Market
29. Cloud Gaming Market Future Outlook and Potential Analysis
30. Appendix
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