Cloud Gaming Market Size, Share & Segmentation 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) By Region and Global Forecast 2023-2030

Cloud Gaming Market 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.

Get more information on Cloud Gaming Market - Request Sample Report

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

Need any customization research/data on Cloud Gaming Market - Enquiry Now

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

​​​​​​​

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.