The latest report by IMARC Group, titled “Cloud Gaming Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global cloud gaming market growth. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
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, also called gaming on demand, represents a form of web gaming that usually allows direct streaming of games onto the personal computer (PC), mobile device, or console of users. This is generally achieved by establishing a remote connection with a third-party organization that has the software of the game stored in their server. Cloud gaming enables individuals to play games online without having to download or purchase the actual software. In addition to this, it also provides an integrated gaming experience on smart devices. Cloud gaming aims to offer a smooth and direct game-playing experience to end users across several devices.
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Global Cloud Gaming Market Trends:
The introduction of next-generation wireless technology that helps in faster data transmission speed is primarily driving the cloud gaming market. Additionally, the inflating need for keeping physical copies of software and minimizing the overall gaming cost is further catalyzing the market growth. Besides this, the growing mobile gaming audience, improving network connectivity, and easy availability of instant play games are acting as significant growth-inducing factors.
Moreover, cloud gaming also offers a reduction of data storage and ease of accessibility to the users, which is positively influencing the global market. Apart from this, the escalating demand for cloud gaming, as it does not require investments or upgrades of expensive hardware, is stimulating the market growth. Furthermore, the development of download- and installation-free gameplays that are on almost all operating systems and devices, such as Linux, Android, Mac, iOS, Chrome OS, etc., is anticipated to fuel the cloud gaming market over the forecasted period.
Competitive Landscape:
By IMARC Group, the Top 15 Cloud Gaming Companies in the World 2023:
- Utomik B.V.
- Nvidia Corporation (NASDAQ: NVDA)
- Numecent Holdings Ltd.
- RemoteMyApp SP ZOO (Vortex) (OTCMKTS: VTXB)
- Parsec Cloud Inc.
- Paperspace
- 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)
- GameFly
- CiiNow, Inc.
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Key Market Segmentation:
Breakup by Devices Type:
- Smartphones
- Smart TVs
- Consoles
- Tablets
- PCs
Breakup by Spectrum:
- Video Streaming
- File Streaming
Breakup by Genre:
- Adventure/Role-Playing Games
- Puzzles
- Social Games
- Strategy
- Simulation
- Others
Breakup by Spectrum:
- Hardcore Gamers
- 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:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- 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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