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May 10, 2022, 19:30 ET
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NEW YORK, May 11, 2022 /PRNewswire/ — In 2021, the global cloud gaming market was valued at $4,500.7 million, which is expected to grow at a huge CAGR of 42.8% from 2021 to 2030, to reach $111,344.1 million by 2030. Many factors drive the market growth, such as cross-platform gameplays, rising popularity of cloud gaming, and easy access to cloud-based games. Cloud gaming allows players to access games via distant servers rather than installing them on a computer or gaming device. This removes the requirement for storage and the necessity to buy the latest gaming PC or console.
To keep ahead of the competition, various players in the market are releasing new products, acquiring firms, and forming collaborations. For instance, in May 2021, Blade, as well as its cloud gaming service, Shadow, were purchased by Jezby Ventures, the investment arm created by OVHcloud founder, Octave Klaba. Other big market players include Ubitus K.K., Tencent, Sony Group Corporation, Shadow, NVIDIA Corporation, Blacknut, Google LLC, Amazon Luna, and Microsoft Corporation.
Get the sample pages of this report at: https://www.psmarketresearch.com/market-analysis/cloud-gaming-market/report-sample
Key Findings of Cloud Gaming Market Report
Browse detailed report on Global Cloud Gaming Market Size, Share, Growth and Regional Forecast Analysis 2030
Cloud game use numbers surged during the pandemic because they provided one of the finest entertainment alternatives to those who were confined in their homes. The count of downloads of different programs increased significantly, as did the amount of time spent playing online games. Furthermore, COVID-19 has compelled smaller services to enter the cloud gaming market, particularly in developed countries.
The multiple technical breakthroughs in cloud gaming, including the advent of VR, AR, and 5G, have resulted in a boom in the demand for mobile games. The introduction of the 5G technology and the availability of unlimited plans are two key factors helping cloud gaming’s global growth, as most gamers today play on their smartphones, rather than PCs or tablets.
Cloud Gaming Market Segmentation Analysis
By Device
By Type
By End User
By Region
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