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Growth opportunities in the Cloud Gaming market look promising over the next six years. This is mainly due to the rising popularity of the cloud gaming, along with the increasing penetration of the internet and the easy accessibility of games on the cloud across the globe.
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Cloud Gaming Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Cloud Gaming Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Key Drivers
The key driver that is responsible for surging the growth of the global cloud gaming market size includes the growing popularity of cloud gaming at the global level. In addition to this, the increasing penetration of the internet along with the easy accessibility of games on the cloud are further contributing to the market’s growth. The continuous network infrastructure development including the emergence of 5G to offer latency and higher bandwidth is further surging the growth of the cloud gaming market share.
The key driver that is responsible for surging the growth of the global cloud gaming market size includes the growing popularity of cloud gaming at the global level. In addition to this, the increasing penetration of the internet along with the easy accessibility of games on the cloud are further contributing to the market’s growth. The continuous network infrastructure development including the emergence of 5G to offer latency and higher bandwidth is further surging the growth of the cloud gaming market share.
In 2020, Beijing was the second city of China to target the full coverage of 5G technology. This advanced network permits the games to stream XR gaming seamlessly. Moreover, the smartphone developers are focusing on introducing gaming smartphones to provide enhanced gaming experience to games. In 2020, Vivo Mobile Communication Co., Ltd. launched a gaming smartphone called Iqoo3. This new smartphone has Snapdragon 865 processor and 5G capabilities to offer a seamless and enhance gaming experience to its target audience.
In 2020, Beijing was the second city of China to target the full coverage of 5G technology. This advanced network permits the games to stream XR gaming seamlessly. Moreover, the smartphone developers are focusing on introducing gaming smartphones to provide enhanced gaming experience to games. In 2020, Vivo Mobile Communication Co., Ltd. launched a gaming smartphone called Iqoo3. This new smartphone has Snapdragon 865 processor and 5G capabilities to offer a seamless and enhance gaming experience to its target audience.
The increasing trend of social media games is projected to surge the market growth over the coming years. The increasing overall time spend on social networking sites including Facebook, Instagram, and Reddit, around the world is indirectly impacting the market. Moreover, the top social networking companies are focusing on acquisition or partnership with other leading cloud games on their social media platforms. All these factors are further driving the cloud gaming market growth.
The increasing trend of social media games is projected to surge the market growth over the coming years. The increasing overall time spend on social networking sites including Facebook, Instagram, and Reddit, around the world is indirectly impacting the market. Moreover, the top social networking companies are focusing on acquisition or partnership with other leading cloud games on their social media platforms. All these factors are further driving the cloud gaming market growth.
Regional Drivers
Regional Drivers
On the basis of regional coverage, Asia-Pacific is projected to witness a faster CAGR over the forecast period. This is mainly due to the increasing penetration of smartphones and entertainment in this region. In addition to this, various top players in the market are emphasizing on expanding their presence by partnership with cloud game service providers to launch new cloud gaming services. For example, in 2019, Alibaba Cloud collaborated with Ubitus Inc., to launch the cloud gaming solution on the Alibaba cloud platform.
On the basis of regional coverage, Asia-Pacific is projected to witness a faster CAGR over the forecast period. This is mainly due to the increasing penetration of smartphones and entertainment in this region. In addition to this, various top players in the market are emphasizing on expanding their presence by partnership with cloud game service providers to launch new cloud gaming services. For example, in 2019, Alibaba Cloud collaborated with Ubitus Inc., to launch the cloud gaming solution on the Alibaba cloud platform.
Cloud Gaming Market’s leading Manufacturers:
Cloud Gaming Market’s leading Manufacturers:
· NIVIDA Corporation
· Intel Corporation
· Microsoft
· Amazon.com, Inc.
· Advanced Micro Devices, Inc.
· SONY
· IBM
· Tencent
· Alibaba.com
Cloud Gaming Market Segmentation:
Segmentation by Offering:
· Infrastructure
· Gaming Platform Services
Segmentation by Device Type:
· Smartphones
· Tablets
· Gaming Consoles
· Personal Computers & Laptops
· Smart Televisions
· Head-Mounted Displays
Segmentation by Solution Type
· Video Streaming
· File Streaming
Segmentation by Gamer Type
· Casual Gamers
· Avid Gamers
· Hardcore Gamers
Segmentation by Region:
· North America
o United States of America
o Canada
· Asia Pacific
o China
o Japan
o India
o Rest of APAC
· Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
· RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)
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