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Report Scope & Overview:

The Cloud Gaming Market size was valued at USD 1.12 billion in 2022 and is expected to grow to USD 21.31 billion by 2030 and grow at a CAGR of 44.52 % over the forecast period of 2023-2030.

Cloud gaming is a means of playing video games that makes use of remote servers located in data centers. It is not necessary to download and install games on a PC or console. Instead, streaming services demand a stable internet connection to transfer game data to a target device's app or browser. The game is rendered and played on a remote server, yet everything is visible and interactable on your device.

Cloud Gaming Market Revenue Analysis

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Cloud gamers can save money by not purchasing a physical console or PC to play a game on Instead, when subscribing to a cloud gaming service, consumers may just pay a minimal monthly price, which normally includes access to a library with certain pre-loaded game titles that can be played on any device and from anywhere. Furthermore, cloud gaming services eliminate the need for users to download and wait for a game to install while also considering storage space for new games, allowing customers to save even more money on storage and bandwidth costs.

Market Dynamics

Drivers

  • The low-latency capability of 5G technology will drive the growth of the cloud gaming market.

Market participants like Ericsson, Fibocom, and Verizon are aiming to lower technological obstacles and associated high prices in order to attract all gamers kinds currently in existence internationally. To provide an immersive and unique gaming experience, low latency in gaming services is crucial. With their low-latency capabilities, 5G technology assists providers even more. With the debut of 5G, cloud-based gaming is being redesigned to deliver a better gaming experience. As a result, 5G technology's low-latency capabilities are likely to propel industry expansion even further.

Restrains

  • Latency and responsiveness issues can significantly hinder the market potential of a product or service.

A low latency network with high bitrates and appropriate bandwidth is required for streaming games on a cloud platform. However, in some countries, the cost of establishing a high-performance internet connection may be too expensive. If the proper network and bandwidth requirements are not met, latency and responsiveness might be an issue. However, when telecom firms continue to provide high-speed access and important organizations such as Microsoft Corporation and Google LLC invest in data servers, market growth may be restored.

Opportunities

  • Rising trends relate to cloud gaming.

  • Consistently innovation by key players in the cloud gaming market.

Challenges

  • Addiction to cloud games has a negative impact on mental and physical health this challenge limits market growth.

Impact Of covid-19

The COVID-19 pandemic has had a tremendous impact on the industrial and supply chain industries. Manufacturing units were temporarily shut down or running at half capacity due to supply chain disruptions, material shortages, and international border closures. This has a detrimental impact on the supply of hardware items such as cell phones, smart TVs, laptop computers, personal PCs, and gaming consoles.

However, due to regional lockdown limitations, cloud-based gaming devices, services, and solutions witnessed an increase in demand during the pandemic. Cloud-based games have also grown in popularity since they do not require any additional hardware and can be played on any device. Another factor driving up demand for goods during the epidemic is the transition toward digital entertainment platforms.

The Impact of the Russia-Ukraine War

This sector has experienced a notable shift in consumer behavior and market trends due to the geopolitical tensions in the region. the political instability and economic sanctions imposed on Russia have led to a decline in the country's gaming industry. This has resulted in a decrease in the number of Russian gamers and a reduction in the demand for cloud gaming services in the region.

On the other hand, the conflict has also created new opportunities for cloud gaming companies. As people are forced to stay indoors due to the conflict, there has been a surge in demand for online entertainment, including cloud gaming. This has led to an increase in the number of subscribers and revenue for cloud gaming companies.

The Impact of Recession

The main challenge facing the cloud gaming market during the recession has been the reduction in disposable income. Consumers are less likely to spend money on non-essential items, such as gaming subscriptions when they are struggling to make ends meet. This has led to a decrease in revenue for cloud gaming companies, which has forced them to re-evaluate their business models. many cloud gaming companies have shifted their focus to offering more affordable subscription plans. This has allowed them to attract a wider range of consumers who are looking for cost-effective entertainment options. Additionally, some companies have started offering free-to-play games with in-game purchases, which has proven to be a successful strategy for generating revenue. Another way that cloud gaming companies have adapted to the recession is by expanding their offerings beyond traditional gaming. Many companies have started offering streaming services for movies and TV shows, as well as other forms of digital entertainment. This has allowed them to diversify their revenue streams and reduce their reliance on gaming subscriptions.

Key Market Segmentation

The Cloud Gaming Market is segmented into four types on the basis of by type, by Device, and by Gamer Type.

By Type:

  • File Streaming

  • Video Streaming

By Device:

  • Smartphones

  • Tablets

  • Gaming Consoles

  • PCs & Laptops

  • Smart TVs

  • Head-mounted Displays

By Gamer Type:

  • Casual Gamers

  • Avid Gamers

  • Lifestyle Gamers

Cloud Gaming Market Segmentation Analysis

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Regional Analysis:

Asia Pacific had the biggest revenue share and is expected to grow gradually during the projection period. The demographics and huge gaming population in the region are the major factors driving market growth. China and India are the two world's most populated countries. In Japan increased in popularity of Cloud gaming services.

Growth is projected in Latin America, the Middle East, and Africa. The rising popularity of smartphones in Latin America is expected to boost the possibilities for cloud-based gaming. Similarly, greater investment by key industry participants in the MEA area would boost gaming demand.

REGIONAL COVERAGE:

North America

  • USA

  • Canada

  • Mexico

Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

Asia-Pacific

  • Japan

  • South Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of the Middle East & Africa

Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

Key Players:

The major players are Sony Corporation, Amazon.com, Inc., Electronic Arts, Inc., Apple Inc., NVIDIA Corporation, Tencent Holdings Ltd., Blacknut, Google Inc., Intel Corporation, IBM., Microsoft Corporation, Ubitus Inc., and others in the final report.

Sony Corporation​​​​​​​​​​​​​​-Company Financial Analysis

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Recent development

March 2023 - Microsoft Corporation has teamed with Boosteroid, a cloud gaming platform provider, to engage more players globally, with plans to expand gaming operations in Ukraine and Russia.

Cloud Gaming Market Report Scope:
Report Attributes Details
Market Size in 2022  US$  1.12 Bn
Market Size by 2030  US$ 21.31 Bn
CAGR   CAGR of 44.52% From 2023 to 2030
Base Year  2022
Forecast Period  2023-2030
Historical Data  2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (File Streaming, Video Streaming)
• By Device (Smartphones, Tablets, Gaming Consoles, PCs & Laptops, Smart TVs, Head-mounted Displays)
• By Gamer Type (Casual Gamers, Avid Gamers, Lifestyle Gamers)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Sony Corporation, Amazon.com, Inc., Electronic Arts, Inc., Apple Inc., NVIDIA Corporation, Tencent Holdings Ltd., Blacknut, Google Inc., Intel Corporation, IBM., Microsoft Corporation, Ubitus Inc.
Key Drivers • The low-latency capability of 5G technology will drive the growth of the cloud gaming market.
Market Opportunities • Rising trends relate to cloud gaming.
• Consistently innovation by key players in the cloud gaming market.

 

Frequently Asked Questions

The CAGR of the Cloud Gaming Market for the forecast period 2023-2030 is 44.52 %.

The Cloud Gaming Market size was valued at USD 1.12 billion in 2022.

The major players are Sony Corporation, Amazon.com, Inc., Electronic Arts, Inc., Apple Inc., NVIDIA Corporation, Tencent Holdings Ltd., Blacknut, Google Inc., Intel Corporation, IBM., Microsoft Corporation, Ubitus Inc., and others in the final report.

The low-latency capability of 5G technology will drive the growth of the cloud gaming market.

The forecast period for the Cloud Gaming Market is 2023-2030.

Table of Contents

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Russia-Ukraine War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Cloud Gaming Market Segmentation, By Type
8.1 File Streaming
8.2 Video Streaming

9. Cloud Gaming Market Segmentation, By Device
9.1 Smartphones
9.2 Tablets
9.3 Gaming Consoles
9.4 PCs & Laptops
9.5 Smart TVs
9.6 Head-mounted Displays

10. Cloud Gaming Market Segmentation, By Gamer Type
10.1 Casual Gamers
10.2 Avid Gamers
10.3 Lifestyle Gamers

11. Regional Analysis
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Cloud Gaming Market by Country
11.2.2North America Cloud Gaming Market By Type
11.2.3 North America Cloud Gaming Market By Device
11.2.4 North America Cloud Gaming Market By Gamer Type
11.2.5 USA
11.2.5.1 USA Cloud Gaming Market By Type
11.2.5.2 USA Cloud Gaming Market By Device
11.2.5.3 USA Cloud Gaming Market By Gamer Type
11.2.6 Canada
11.2.6.1 Canada Cloud Gaming Market By Type
11.2.6.2 Canada Cloud Gaming Market By Device
11.2.6.3 Canada Cloud Gaming Market By Gamer Type
11.2.7 Mexico
11.2.7.1 Mexico Cloud Gaming Market By Type
11.2.7.2 Mexico Cloud Gaming Market By Device
11.2.7.3 Mexico Cloud Gaming Market By Gamer Type
11.3 Europe
11.3.1 Europe Cloud Gaming Market by Country
11.3.2 Europe Cloud Gaming Market By Type
11.3.3 Europe Cloud Gaming Market By Device
11.3.4 Europe Cloud Gaming Market By Gamer Type
11.3.5 Germany
11.3.5.1 Germany Cloud Gaming Market By Type
11.3.5.2 Germany Cloud Gaming Market By Device
11.3.5.3 Germany Cloud Gaming Market By Gamer Type
11.3.6 UK
11.3.6.1 UK Cloud Gaming Market By Type
11.3.6.2 UK Cloud Gaming Market By Device
11.3.6.3 UK Cloud Gaming Market By Gamer Type
11.3.7 France
11.3.7.1 France Cloud Gaming Market By Type
11.3.7.2 France Cloud Gaming Market By Device
11.3.7.3 France Cloud Gaming Market By Gamer Type
11.3.8 Italy
11.3.8.1 Italy Cloud Gaming Market By Type
11.3.8.2 Italy Cloud Gaming Market By Device
11.3.8.3 Italy Cloud Gaming Market By Gamer Type
11.3.9 Spain
11.3.9.1 Spain Cloud Gaming Market By Type
11.3.9.2 Spain Cloud Gaming Market By Device
11.3.9.3 Spain Cloud Gaming Market By Gamer Type
11.3.10 The Netherlands
11.3.10.1 Netherlands Cloud Gaming Market By Type
11.3.10.2 Netherlands Cloud Gaming Market By Device
11.3.10.3 Netherlands Cloud Gaming Market By Gamer Type
11.3.11 Rest of Europe
11.3.11.1 Rest of Europe Cloud Gaming Market By Type
11.3.11.2 Rest of Europe Cloud Gaming Market By Device
11.3.11.3 Rest of Europe Cloud Gaming Market By Gamer Type
11.4 Asia-Pacific
11.4.1 Asia Pacific Cloud Gaming Market by Country
11.4.2 Asia Pacific Cloud Gaming Market By Type
11.4.3 Asia Pacific Cloud Gaming Market By Device
11.4.4 Asia Pacific Cloud Gaming Market By Gamer Type
11.4.5 japan
11.4.5.1 Japan Cloud Gaming Market By Type
11.4.5.2 Japan Cloud Gaming Market By Device
11.4.5.3 Japan Cloud Gaming Market By Gamer Type
11.4.6 South Korea
11.4.6.1 South Korea Cloud Gaming Market By Type
11.4.6.2 South Korea Cloud Gaming Market By Device
11.4.6.3 South Korea Cloud Gaming Market By Gamer Type
11.4.7 China
11.4.7.1 China Cloud Gaming Market By Type
11.4.7.2 China Cloud Gaming Market By Device
11.4.7.3 China Cloud Gaming Market By Gamer Type
11.4.8 India
11.4.8.1 India Cloud Gaming Market By Type
11.4.8.2 India Cloud Gaming Market By Device
11.4.8.3 India Cloud Gaming Market By Gamer Type
11.4.9 Australia
11.4.9.1 Australia Cloud Gaming Market By Type
11.4.9.2 Australia Cloud Gaming Market By Device
11.4.9.3 Australia Cloud Gaming Market By Gamer Type
11.4.10 Rest of Asia-Pacific
11.4.10.1 APAC Cloud Gaming Market By Type
11.4.10.2 APAC Cloud Gaming Market By Device
11.4.10.3 APAC Cloud Gaming Market By Gamer Type
11.5 The Middle East & Africa
11.5.1 The Middle East & Africa Cloud Gaming Market by Country
11.5.2 The Middle East & Africa Cloud Gaming Market By Type
11.5.3 The Middle East & Africa Cloud Gaming Market By Device
11.5.4 The Middle East & Africa Cloud Gaming Market By Gamer Type
11.5.5 Israel
11.5.5.1 Israel Cloud Gaming Market By Type
11.5.5.2 Israel Cloud Gaming Market By Device
11.5.5.3 Israel Cloud Gaming Market By Gamer Type
11.5.6 UAE
11.5.6.1 UAE Cloud Gaming Market By Type
11.5.6.2 UAE Cloud Gaming Market By Device
11.5.6.3 UAE Cloud Gaming Market By Gamer Type
11.5.7 South Africa
11.5.7.1 South Africa Cloud Gaming Market By Type
11.5.7.2 South Africa Cloud Gaming Market By Device
11.5.7.3 South Africa Cloud Gaming Market By Gamer Type
11.5.8 Rest of Middle East & Africa
11.5.8.1 Rest of Middle East & Asia Cloud Gaming Market By Type
11.5.8.2 Rest of Middle East & Asia Cloud Gaming Market By Device
11.5.8.3 Rest of Middle East & Asia Cloud Gaming Market By Gamer Type
11.6 Latin America
11.6.1 Latin America Cloud Gaming Market by Country
11.6.2 Latin America Cloud Gaming Market By Type
11.6.3 Latin America Cloud Gaming Market By Device
11.6.4 Latin America Cloud Gaming Market By Gamer Type
11.6.5 Brazil
11.6.5.1 Brazil Cloud Gaming Market By Type
11.6.5.2 Brazil Africa Cloud Gaming Market By Device
11.6.5.3 Brazil Cloud Gaming Market By Gamer Type
11.6.6 Argentina
11.6.6.1 Argentina Cloud Gaming Market By Type
11.6.6.2 Argentina Cloud Gaming Market By Device
11.6.6.3 Argentina Cloud Gaming Market By Gamer Type
11.6.7 Rest of Latin America
11.6.7.1 Rest of Latin America Cloud Gaming Market By Type
11.6.7.2 Rest of Latin America Cloud Gaming Market By Device
11.6.7.3 Rest of Latin America Cloud Gaming Market By Gamer Type

12. Company Profile
12.1 Sony Corporation.
12.1.1 Market Overview
12.1.2 Financials
12.1.3 Product/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Amazon.com, Inc.
12.2.1 Market Overview
12.2.2 Financials
12.2.3 Product/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Electronic Arts, Inc.
12.3.1 Market Overview
12.3.2 Financials
12.3.3 Product/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Apple Inc.
12.4.1 Market Overview
12.4.2 Financials
12.4.3 Product/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 NVIDIA Corporation.
12.5.1 Market Overview
12.5.2 Financials
12.5.3 Product/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Tencent Holdings Ltd.
12.6.1 Market Overview
12.6.2 Financials
12.6.3 Product/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Google Inc.
12.7.1 Market Overview
12.7.2 Financials
12.7.3 Product/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Intel Corporation.
12.8.1 Market Overview
12.8.2 Financials
12.8.3 Product/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 IBM.
12.9.1 Market Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Microsoft Corporation.
12.10.1 Market Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View

13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments

14. USE Cases and Best Practices

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

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Data Bank Validation

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