Cloud Gaming Market is anticipated to grow with a value CAGR of 63% over 2019-2028. According to a study published by Insure Insights on the Cloud gaming, is a form of online gaming known as gaming on demand, it runs on remote servers and streams them directly to a user’s device. It means playing a game via remote from the cloud. The rise in the number of internet users, an increase in the use of smartphones gaming consoles and a surge in the online population, is anticipated to boost the Cloud Gaming Market
Top Driver: The rise in the number of gamers worldwide and the advent of 5G increases the demand for Cloud Gaming
There has been a significant rise in the gaming population, especially seen in mobile phone users, the advent of 5G has brought a fundamental shift to the gaming world. Countries like China, U.S., South Korea, and Japan are taking the initiative to develop 5G technology as it enables faster data transmission speeds. Cloud gaming requires high transmission speeds of over 10 Mbps, and the deployment of the 5G serves this purpose of gaming, as it enhances the gaming experience. The surge of immersive and competitive gaming on mobile further drives the market.
Game Platform Services is obtained the highest growth in the Global Cloud Gaming Market
Based on the offering segment, Game Platform Services is anticipated to obtain the highest growth owing to the increased demand for content and PC service. Companies like Blackout, Sony’s PlayStation, Blade’s Shadow offers Game Platform Services. New launches of Game Platform Services by Amazon, Google, Microsoft, and strategic collaboration further boost market growth. For instance, in May 2020, Gameloft Distribution Solutions had collaborated with ZEE5 to launch PLAY5; it was done so as to provide high quality hyper casual online games to engage the audience and to add a thrilling experience.
Based on the device segment, Smartphones have widely been used for Cloud Gaming due to the increase in the technological advances and cost-effectiveness of smartphones compared with other electronic devices are further driving the market growth. Video streaming based on solution boost the market growth as it offers enhanced graphics, it allows playing games anywhere and, on any platform but necessarily should have an internet connection.
An increasing number of 5G infrastructure is to Benefit Asia Pacific Market
The increasing number of 5G infrastructure development initiatives is driving market growth in the region of APAC. The leading 5G countries in APAC are South Korea, China, Japan, and Australia. The 5G wireless networks are expected to influence not only the consumer field, but also segments such as automobiles and manufacturing. For instance, in June 2020, it was reported that China is about to start the first commercial underground 5G network in China and to become operational in a coal mine in the northern province of Shanxi. Moreover, the cost-effective nature of the cloud gaming platforms are expanding the market growth in the region
Players to Focus on enhancing the gaming experience for the user
The Competitor of the Cloud Gaming Market is fragmented and the competitors are focusing to enhance the gaming experience of the user. The major competitors of the Cloud Gaming Market are Alibaba, NVIDIA, Intel, Google, Microsoft, Amazon, Advanced Micro Devices, Sony, IBM, and Tencent.
NVIDIA: NVIDIA, on Feb 2020 had officially launched a cloud gaming service GeForce. It is designed in a way that it can be even be played at a third-party platform; this works more like Shadow. It isn’t a free service it costs USD 5 per month to access the Founders edition. An app has to be downloaded in this case that works on macOS, Windows, and Android devices, including the Nvidia Shield TV.
Intel: Intel Cloud Gaming Market technologies are popular in the global market. In April 2020, Intel had launched new 10th generation Intel Core desktop processors; it was developed so as to improve the gaming experiences as well as enabling 4K video editing for creative pros. Intel has also claimed that its Intel Core i9-10900K is the world’s fastest gaming process
Scope of the Report
By Device Type
By Solution Type
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