The global Cloud Gaming market size is expected to be worth around US$ 0.50 billion by 2028, according to a new report by Vision Research Reports.
The global Cloud Gaming market size was valued at US$ 7.30 billion in 2020 and is anticipated to grow at a CAGR of 48.6% during forecast period 2021 to 2028.
Developments in the cloud technology have enabled the rapid distribution of cloud gaming models. Cloud gaming gives users remote access to interactive games as well as enables streaming videos over the internet. It also allows devices to smoothly run various high-quality next-generation games with lower computational power. These factors are anticipated to drive the cloud gaming market growth over the forecast period.
Factors such as, the rising investments in 5G technology and access to numerous games on cloud at affordable prices are also expected to contribute to the market growth. Furthermore, market players are observed partnering with telecom companies to deliver cloud gaming services globally. For instance, in January 2020, Microsoft Corporation partnered with SK Telecom Co., Ltd. to expand the reach of its Project xCloud Preview, a game streaming solution in South Korea.
Increased demand has been witnessed for cloud gaming as an educational tool in the educational sector as it increases student motivation, intellectual and social skills, and concentration. Cloud gaming offers a library of the latest and graphically advanced games and minimizes license requirements. Moreover, the wide potential for cloud gaming possibilities in an educational environment is now being realized, thus driving the demand for gaming content in the educational sector over the forecast period.
The video streaming segment dominated the market with a share of over 55% in 2020. Based on type, the market has been segmented into file streaming and video streaming. The demand for video streaming is increasing as it eliminates the need for additional hardware devices. Furthermore, video streaming services allow users to play games on any platform and from anywhere via the Internet.
The increasing focus of vendors on developing platforms that offer enhanced gaming experience is further anticipated to propel the segment growth. For instance, in November 2019, Google, Inc. launched Stadia, a cloud video game service. Stadia allows users to play console-based games on smartphones or web browsers. The demand for multiplayer games is also increasing rapidly as these games enable in-game communication and offer an improved gaming experience.
The gaming consoles segment dominated the market with a share of over 50% in 2020 and is expected to maintain its dominance over the forecast period. Benefits such as high-end sound systems and displays, which offer a rich and improved gaming experience to users, are expected to drive the demand for gaming consoles. Furthermore, console manufacturers are introducing new gaming devices that are compatible with the latest specifications based on gamers’ demands, while enhancing the gameplay experience. Based on the device, the market has been segmented into smartphones, tablets, gaming consoles, PCs and laptops, smart TVs, and head-mounted displays.
The PCs and laptops segment is anticipated to record considerable growth over the forecast period. Gaming PCs enable users to customize them according to their gaming needs. PC gaming is also more affordable compared to console gaming as the resources needed to compile games on PCs are freely available. These factors are further anticipated to drive the growth of the PCs and laptops segment. Furthermore, cloud game developers are focusing on developing gaming services that can be run on all PCs and laptops. For instance, in February 2020, Nvidia Corporation launched GeForce Now, a cloud gaming service that allows users to play games on all types of PCs and laptops.
The casual gamers segment dominated the market with a share of over 51% in 2020 and is further expected to maintain its dominance over the forecast period. This is attributable to the cost-effectiveness and convenience offered by cloud gaming. Furthermore, continuous enhancements in 5G network services and the introduction of 5G smartphones are expected to increase the demand for cloud gaming among casual gamers over the forecast period. Based on gamer type, the market has been segmented into casual gamers, avid gamers, and lifestyle gamers.
The growing popularity of eSports tournaments across the globe and the rising number of eSports competitions that offer millions of prize money to the winners are driving the growth of the casual gamers segment over the forecast period. For instance, in July 2019, Epic Games organized a Fortnite World Cup, in which over 40 million players participated. The company announced USD 3 million prize money for solo and duo winners. The majority of the population is quarantined in the wake of the Covid-19 outbreak, which has increased the number of casual gamers globally, thus contributing to the segment growth.
Asia Pacific dominated the market with a share of over 40% in 2020. The growing penetration of smartphones and rising demand for entertainment across the region is expected to drive the market growth. Cloud providers are partnering with cloud game service providers to launch cloud gaming services in the region. For instance, in September 2019, Alibaba Cloud, a subsidiary of Alibaba Group Holding Limited, partnered with Ubitus Inc. to launch a cloud gaming solution on the Alibaba cloud platform. The new solution enables users to provide an enhanced gaming experience to gamers in China.
Amazon Web Services Inc.
Electronic Arts, Inc.
International Business Machines Corporation
Sony Interactive Entertainment LLC
PCs & Laptops
Gamer Type Outlook
Middle East & Africa (MEA)
The Cloud Gaming market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Cloud Gaming market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Cloud Gaming market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Cloud Gaming market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Cloud Gaming market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Cloud Gaming capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Cloud Gaming by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Cloud Gaming market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Cloud Gaming market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Cloud Gaming market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Cloud Gaming industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Cloud Gaming market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Cloud Gaming market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Cloud Gaming market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Cloud Gaming market. These factors have benefited the growth of the global market for Cloud Gaming. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Cloud Gaming. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Cloud Gaming are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
To strategically profile the key players and comprehensively analyze their growth strategies.
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