Market Overview: Global Cloud Gaming Market
MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the Global Cloud Gaming Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.
Cloud Gaming Market Insights 2024-30
The Global Cloud Gaming Market size was valued USD 2.8 Billion in 2023 and is projected to grow at around 30% CAGR during the forecast period, i.e., 2024-30.
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Top Players in the Cloud Gaming Market:
- NVIDIA Corporation
- Intel Corporation
- Microsoft Corporation
- Amazon Web Services Inc.
- Advanced Micro Devices
- Sony Interactive Entertainment LLC
- IBM
- Tencent
- Alibaba
- Apple, Inc.
- Ubitus Inc.
- Electronic Arts, Inc.
- Rainway
- Parsec Cloud, Inc.
Segmentation Analysis of Cloud Gaming Market
Cloud Gaming Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
-By Gamer Type:
- Casual Gamers
- Avid Gamers
- Lifestyle Gamers
Here, Casual gamers dominate the market with the largest share, and the same trend is expected during 2024-30. It attributes principally to the cost-effectiveness & convenience associated with cloud gaming. Moreover, continuous enhancements in the internet services and the introduction of affordable 5G smartphones, which have enabled high speed & low latency streaming, are also expected to boost the demand for cloud gaming among casual gamers over the forecast years.
Furthermore, the Covid-19 pandemic in 2020 that resulted in the home quarantine of a large chunk of the population has also contributed to the increasing number of casual gamers worldwide. Nevertheless, the rising popularity of e-Sports and the growing number of such tournaments that offer lucrative prize money are other crucial aspects projected to fuel the demand for cloud games among casual gamers through 2030.
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-By Components
- Cloud Gaming Platforms
- Content Services
-By Type
- File Streaming
- Video Streaming
-By Operating Model
- B2B
- B2C
-By Device
- Smartphones
- Tablets
- Gaming Consoles
- PCs & Laptops
- Smart TVs
- Head Mounted Displays
A Comprehensive Geographical Analysis:
-By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Asia-Pacific expects the largest Cloud Gaming Market share during 2024-30. The various initiatives taken by governments of different countries for infrastructural developments associated with the 5G technology and the mounting utilization of cloud gaming platforms owing to their cost-effective nature are the prime aspects driving the regional market. Besides, increasing mergers & acquisitions among the leading industry players & cloud service providers to expand their offerings are also fueling the cloud gaming market growth across Asia-Pacific.
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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 130 diverse industrial verticals.
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