Global Cloud Gaming Market to Exceed $ 8 Bn by 2025

February 03, 2020


According to the study titled ‘Cloud Gaming Market Size By Type (File Streaming, Video Streaming), By Device (Consoles, PCs & Laptops, Smartphones & Tablets, Connected Television), By Business Model (Business-to-Consumer [B2C], Business-to-Business [B2B]) Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, Australia, China, India, Japan, South Korea, Brazil, Mexico, UAE, Saudi Arabia), Growth Potential, Competitive Market Share & Forecast, 2019- 2025’ available with Market Study Report LLC, the global cloud gaming market is anticipated to exceed USD 8 billion by the year 2025.
 

The global cloud gaming market is poised for robust growth with the advent of 5G technology. The technology brings a fundamental shift in the communication landscape and revolutionizes the entire gaming industry. China, Japan, U.S, and South Korea are investing heavily in upgrading connectivity to offer faster transmission speeds.
 

The cloud gaming developers are leveraging 5G infrastructure to offer seamless gaming experience. Moreover, with the cloud gaming approach, companies are expanding their customer base across several price-sensitive customers who did not have access to high-end games previously due to cost factor.
 

The cloud gaming companies are leveraging the smartphone consumers base in numerous price-sensitive regional markets. Based on the findings of the study, the smartphones & tablets segment is expected to witness a CAGR of 45% over the forecast period. In terms of device, the console market is anticipated to dominate the global cloud gaming market due to a strong distribution network of gaming behemoths like Microsoft and Sony. However, the high price of gaming consoles has been restraining its adoption among the price-sensitive consumer base. Request sample copy of this Report@ https://www.marketstudyreport.com/request-a-sample/2144026/ On the regional front, North America is expected to offer lucrative growth opportunities to the cloud gaming market. The strong presence of industry majors in the region, like Microsoft and Electronic Arts, who are focusing on enhancing the existing product features, will further fuel market share. Moreover, the presence of strong telecommunication infrastructure is encouraging the industry participants to introduce their offerings in this region. It is important to mention that the cloud gaming market is driven by large game developers and publishers with key companies like Microsoft, Electronic Arts, and Sony currently at the forefront of this industry. These players are forming strategic partnerships with console developers to enhance their product features. Other players operating in this industry include Apple, Cloudzen, Broadmedia GC, RemoteMyApp, PlayKey, Wiztivi, RemotrCloud, Advanced Micro Devices, Parsec, Paperspace, Nvidia, Playgiga, and Playcast.

Frequently Asked Questions (FAQ) :

The global cloud gaming market is poised for robust growth with the advent of 5G technology. The technology brings a fundamental shift in the communication landscape and revolutionizes the entire gaming industry. China, Japan, U.S, and South Korea are investing heavily in upgrading connectivity to offer faster transmission speeds. The cloud gaming developers are leveraging 5G infrastructure to offer seamless gaming experience. Moreover, with the cloud gaming approach, the companies are capturing price-sensitive customers who did not have access to high-end games previously.
Increasing adoption of smartphones has impelled gaming behemoths to invest in numerous price-sensitive regional markets. Hence, based on device type, the smartphones & tablets segment is expected to witness consistent growth while exhibiting a CAGR of 45% over the forecast period. Meanwhile, the consoles device segment will amass commendable acclaim in the approaching years, due to a strong distribution network of cloud gaming majors like Microsoft and Sony.
North America is expected to witness lucrative growth over the forecast time period due to the strong presence of key players in the region, like Microsoft and Electronic Arts. Regional contenders are developing strategies to overcome competition by amplifying product features. Moreover, the presence of strong telecommunication infrastructure is encouraging the industry participants to introduce their offerings in the region.
It is important to mention that the cloud gaming market is driven by large game developers and publishers with key companies like Microsoft, Electronic Arts, and Sony currently at the forefront of this industry. These players are forming strategic partnerships with console developers to enhance their product features. Other players operating in this industry include Apple, Cloudzen, Broadmedia GC, RemoteMyApp, PlayKey, Wiztivi, RemotrCloud, Advanced Micro Devices, Parsec, Paperspace, Nvidia, Playgiga, and Playcast.