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. 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, or gaming on demand as a service (GaaS), plays video games through remote servers that process and stream the game content to users' devices. Instead of relying on powerful local hardware, cloud gaming utilizes high-speed internet connections to transmit the game data and render the graphics on remote servers. As a result, it offers convenience, scalability, and accessibility, enabling gamers to enjoy immersive gaming experiences without hardware limitations.   

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Global Cloud Gaming Market Trends:

The global market is majorly driven by the widespread availability of high-speed internet connections. In line with this, the increasing popularity of mobile gaming, coupled with the advancements in smartphone technology, is significantly contributing to the market. Furthermore, the rise of 5G Technology and the expanding gaming community are positively influencing the market. Apart from this, cloud gaming eliminates the need for expensive gaming hardware, making gaming more affordable and accessible to a broader audience. This, in turn, is creating a positive outlook for the market.

Moreover, the ongoing advancements in cloud computing, streaming technology, and video compression techniques enable better performance, lower latency, and improved graphics quality in cloud gaming services. This, in turn, is strengthening the market. Besides, the rise of subscription-based cloud gaming platforms is favorably impacting the market. Additionally, the escalating participation of casual and non-traditional gamers, including older demographics and individuals with limited gaming hardware, is providing a boost to the demand for cloud gaming solutions.

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.

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/cloud-gaming-market

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.

About Us

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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