According to Cloud Gaming report, the global market is anticipated to witness a moderately higher growth rate during the forecast period. With the appropriate use of excellent practice models and brilliant method of research, an exceptional market report is generated which aids businesses to unearth the greatest opportunities to prosper in the market. This market report studies mounting opportunities in the market and associated influencing factors which are valuable for the businesses. Businesses can confidently rely on the information mentioned in Cloud Gaming report as it is derived only from the valuable and genuine resources.
Data Bridge Market Research analyses that the cloud gaming market, valued at USD 1,000.35 million in 2022, will reach USD 27,354.33 million by 2030, growing at a CAGR of 51.22% during the forecast period of 2023 to 2030.
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Market Overview:
Cloud gaming, also called gaming on demand, is a type of web gaming that permits users to stream games directly to their personal computers (PCs), servers, and mobile devices. This is done by opening a remote connection to a third-party company that stores the game's software on its server. Users can play games online through the features of the existing software, which they can access without having to download or buy it. On smart devices, cloud gaming also provides an integrated gaming environment that enables users to watch live video streams of other players' gameplay.
Cloud Gaming Market Dynamics
Drivers
Availability of video game streaming services
The ability to stream games directly from powerful servers without transferring or updating any games. As long as an internet connection is accessible, games can be played anywhere and on any device. Over the course of the forecast period, it is anticipated that a significant rise in the number of e-gamers around the world and the rising popularity of e-sports will generate a wide range of opportunities for the growth of the cloud gaming market.
Some of the major players operating in the cloud gaming market are:
- NVIDIA Corporation (U.S.)
- Intel Corporation (U.S.)
- Google (U.S.)
- Microsoft (U.S.)
- Amazon Web Services, Inc. (U.S.)
- Advanced Micro Devices, Inc (U.S.)
- Sony Corporation (Japan)
- IBM (U.S.)
- Paperspace, (U.S.)
- Electronic Arts Inc. (U.S.)
- LP Technologies LLC (U.S.)
- Blacknut (France)
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