Cloud Gaming Market is Forecasted to Reach US$ 10.5 billion in 2032, Says Stratview Research

The global cloud gaming market is projected to witness a growth rate of 29.1% annually from 2022 to 2027, with an anticipated size of US$ 10.5 billion by 2027, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global cloud gaming market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2027: US$ 10.5 billion
Growth (CAGR): 29.1% during 2022-2027
Forecast Period: 2022-2027
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Cloud Gaming Market:
The global cloud gaming market is segmented based on streaming type, device type, genre type, gamer type, and region.

Based on streaming type - The market is bifurcated into video streaming and file streaming. Video streaming is likely to remain the bigger demand generator for cloud gaming platforms in the foreseeable future. The key factors driving the segment's dominance are on-demand streaming requirements as well as the ability to be effective for shorter periods of play. Furthermore, a paradigm shift from console and disc-based gaming to cloud-based gaming ensures a massive demand for cloud gaming platforms in the coming years.

Based on the device type - The market is segmented as PC & laptops, smartphones, smart TVs, and gaming consoles. Smart TVs remain at the nucleus for all the leading market stakeholders serving the cloud gaming industry. A smart TV provides a better gaming experience to its gamers with features such as a 4K display and better feasibility in using cloud gaming platforms with the help of a controller. Partnerships with smart TV manufacturers, OTT providers, and setup box providers to reach a large number of cloud gaming users are likely to provide market stakeholders with enormous growth potential. It is also anticipated that Smart TV will remain the most preferred device type in the market in the foreseen future.

Based on the genre type - The market is segmented as puzzles & social games, adventure & sports, and arcade. Among these genre types, puzzles & social games are the most widely played category on cloud gaming platforms, as players choose to play these games with their friends in order to socialize with them, implying that the market for puzzles & social games is rising. In addition, comprehending the game takes less time in this category.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/909/cloud-gaming-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific led the cloud gaming market in 2021 with over 35% share and is poised to retain its top position in the coming years. This growth outlook is majorly attributed to the following-
The region is quite vulnerable to high-tension border conflicts and terror threats.
• In addition, the region is likely to witness healthy market growth in the coming years. Japan, India, and Southeast Asia are the preferred destinations for gaming companies to expand in Asia.
• The leading player in the market, Sony Corporation has expansion plans in the region. Already existing 5G infrastructure in countries such as Malaysia and Thailand is creating healthy demand for the market.
• The partnership between Blacknut and Celcom telecommunication, Tencent to launch its cloud gaming platform in Southeast Asian countries, and the development of 5G infrastructure in key Asian economies such as India and China are likely to generate huge demand for cloud gaming in the region.

Cloud Gaming Market Drivers:

Some of the key drivers listed in the report are given below.
• The year 2021, was an annus mirabilis for cloud gaming with a surge in the number of internet users and consumer spending, which has been increasing year on year.
• Furthermore, expected growth in 5G infrastructure is likely to drive the demand for the market by reducing latency issues when streaming video games.
• The long-term market outlook seems favorable, with ample growth opportunities across regions.
• Also, the an ongoing shift from consoles to cloud-based gaming.

Top Companies in the Cloud Gaming Market:
Stratview Research has identified the following companies as the top market players.
• Amazon Inc.
• Microsoft Corporation
• Nvidia Corporation
• Sony Corporation
• Ubitus K.K.

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Cloud Gaming Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

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