Cloud Gaming Market Size, Competitive Landscape and Market Forecast - 2029

Global Cloud Gaming Market is segmented By Offering (Infrastructure, Gaming Platform Services), By Device Type (Smartphones, Tablets, Gaming Consoles, Personal Computers & Laptops, Smart Televisions, Head-Mounted Displays), By Solution Type (Video Streaming, File Streaming), By Gamer Type (Casual Gamers, Avid Gamers, Hardcore Gamers), By Region (North America, Europe, South America, Asia-Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

[200 Pages Report] The Global Cloud Gaming Market is expected to reach a CAGR of 27.2% during the forecast period (2022-2029).

Cloud Gaming Market - Strategic Insights

Metrics	Details
Market CAGR	27.2%
Segments Covered	By Offering, By Device Type, By Solution Type, By Gamer Type and By Region
Report Insights Covered	Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.
Fastest Growing Region	Asia Pacific
Largest Market Share	North America

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Cloud gaming is online gaming in which interactive games can be accessed remotely by the users in the cloud and the video can be streamed back to the user just like Netflix movie streaming. It is also known as gaming on-demand or gaming as a service. It is different from traditional gaming in which the game runs on a user’s device. 

Market Dynamics

The major factors driving the market of Global Cloud Gaming are that Cloud gaming is very compatible with different platforms like PC’s, laptops, tablets and smartphones and it is very cost-effective. The development of the 5G network is also driving market growth.

Compatibility With different platforms and Cost-effectiveness and more purchase of smartphones is driving the market growth of Cloud Gaming

Cloud Gaming is very much compatible with different platforms like PC’s, laptops, tablets and smartphones. It provides the elimination of gaming consoles, hardware, High-end gaming PCs for playing games. This is known as a game as a service. It is very cheap compared to other gaming devices as you don’t need smartphones, consoles, High-end gaming PCs etc. It provides the users with the facility of playing games on even low-powered devices with limited RAM, graphics processing power, and hard drive space. Physical copies or downloading of games is also not required in cloud gaming. The increase in internet users is also driving the growth of the market. According to the report, around 4.66 billion in the world was having internet access in 2021 which increased due to restrictions by covid-19. The number of unique mobile users increased by 97 million during the lockdown in 2020.

The development of Wireless Technology and the launching of New Cloud Gaming services are driving the market growth of Cloud Gaming.

The growing development of Wireless Technology- 5G technology in different parts of the world is driving the market growth of cloud gaming as 5G Technology can provide faster data transmission speeds and cloud gaming services also require 10 MBPS data transmission speeds, so 5G technology is increasing the demand for cloud gaming. According to the report, three Chinese companies - China Mobile, China Unicom and China Telecom launched the world’s largest 5G network in 2019. There are several telecom operators which have started the testing of new cloud gaming formats on the 5G networks. Even many companies are launching cloud gaming services like Nvidia had launched the cloud gaming service GeForce Now for USD 5 per month in February 2020, Google had launched the Stadia cloud gaming service in March 2019 which provides the users to play games without the gaming consoles and High-end Gaming PC and China Mobile and Ubitus launched the 5G cloud gaming service named UGAME in April 2020. Tencent, a Chinese firm started the testing of the cloud gaming service named Start in April 2019. Microsoft also released a cloud gaming service Xbox for beta testing in November 2019.

The cost associated with the bandwidth for a low latency network is hampering the growth of the market.

COVID-19 Impact Analysis

The COVID-19 pandemic has affected many industries due to the disruption in the supply chain, as there were full or partial lockdowns in many countries of the world and restrictions across borders and closure of airports hampered the world trade and this led to the decline in the supply of hardware devices like gaming consoles, laptop, PC etc. Due to this, the demand for cloud gaming increased during the lockdown as it provides the facility of playing games without hardware devices like gaming consoles, high-end gaming PCs. Since people were at home during covid-19, they shifted to digital entertainment and cloud gaming for passing their time. Even the number of internet users increased during this time as there was a huge requirement for internet in online meetings, classes, webinars and seminars. The demand for many cloud gaming services increased during the lockdown. The number of internet users in the world in 2020 was 4.54 billion in January 2020 and increased to 4.66 billion in January 2021. The number of unique smartphone users also increased by close to 97 million during the lockdown will is also a driving factor for the market growth. Many countries also tested and developed cloud gaming services like Nvidia launched the cloud gaming service GeForce Now in February 2020, and China Mobile and Ubitus launched the 5G cloud gaming service named UGAME in April 2020. Lockdown and more leisure time increased the demand for cloud gaming services during 2020.

Segment Analysis

The Global Cloud Gaming Market is segmented based on the offering, device type, solution type, gamer type and region.

Based on offering, the Global Cloud Gaming market is segmented into Infrastructure and Game Platform Services.

The Game Platform Services segment was valued at US$ XX billion in 2020 and a growth in market size is predicted leading to a market size worth US$ XX billion by 2028, growing at a CAGR of XX% during the forecast period (2021-2028). Cloud Gaming provides the users with the facility of playing games on even low-powered devices with limited RAM, graphics processing power, and hard drive space. No gaming consoles and high-end gaming PCs are required in cloud gaming and even physical copies of games are also not required in cloud gaming.

The Game Platform Services has the highest market share as there is increasing usage of content services and PC services. Many companies are developing cloud gaming services like Nvidia launched the cloud gaming service GeForce Now in February 2020, Google launched the Stadia cloud gaming service in March 2019 which provides the users to play games without the gaming consoles and High-end Gaming PC and China Mobile and Ubitus launched the 5G cloud gaming service named UGAME in April 2020. Tencent started the testing of the cloud gaming service- Start in April 2019. Even Blacknut Now collaborated with POST Luxembourg for the launch of a new 5G cloud gaming service in 2020. Microsoft also released a cloud gaming service Xbox for beta testing in November 2019.

Based on Device Type, the Global Cloud Gaming Market is segmented as - Smartphones, Tablets, Gaming Consoles, Personal Computers & Laptops, Smart Televisions, Head-Mounted Displays.

Based on Solution Type, the Global Cloud Gaming Market is segmented into Video Streaming and File Streaming.

Based on Gamer Type, the Global Cloud Gaming Market is segmented into Casual Gamers, Avid Gamers, Hardcore Gamers.

Geographical Analysis

Based on the Region, Global Cloud Gaming Market is segmented as - North America, Europe, Asia-Pacific, The Middle East, Africa and South America.

The Asia-pacific region had a market share of XX% in 2020 and is expected to hold XX% by 2028. Asia Pacific has the highest market share among all the regions because of the increasing initiatives for the development of the 5G infrastructure. According to the report, three Chinese companies - China Mobile, China Unicom and China Telecom launched the world’s largest 5G network in 2019. Even many companies are launching cloud gaming services like China Mobile and Ubitus launched the 5G cloud gaming service named UGAME in April 2020 and Chinese company named Tencent started the testing of the cloud gaming service- Start in April 2019.

Unlimited internet plans are also the reason for the growth of cloud gaming as India is having the world’s cheapest mobile data. Cloud gaming platforms are adopted due to low-cost involvement. The increasing usage of immersive and competitive gaming on smartphones and gaming consoles is also driving the market growth of cloud gaming.

The government is also working for the development of cloud gaming and has taken several initiatives for the implementation of cloud computing in the country like the Indian government has taken several cloud-computing initiatives such as GI Cloud or Meghan. Many stringent regulations are also imposed by the government regarding cloud computing in several countries such as The Ministry of Electronics and IT had issued the guidelines on setting up of IT infrastructure by government departments using cloud computing technology with a clause mandating that all data must be stored within the country in August 2017. 

The increasing purchasing power and per capita income of the people will also drive market growth. According to the report by IMF in 2020, 6 countries of the Asia-Pacific region - Qatar, Brunei, Macau, Singapore, UAE, Kuwait are among the top 10 countries of the world in terms of GDP(PPP) per capita. Among the top 10 countries of the world, 3 countries- China, India, Japan have the highest GDP(PPP) among the Asia-pacific countries.

The increase in the number of internet users in the area is also driving the market like India, China has the most internet users in the world with 0.98 billion and 0.755 billion respectively.

Competitive Landscape

The Global Cloud Gaming market is fragmented with key global players in the market and there are many large companies in the market. Some of the major companies contributing to the market's growth are- Intel Corporation, Google, Microsoft, Amazon, Advanced Micro Devices, Sony, IBM, Tencent, Alibaba and many others.

Mergers and Acquisitions, expansions, joint ventures etc increases competition in the market like Nvidia acquiring UK based chip designer company Arm Holdings from SoftBank Group in 2020. Facebook acquired PlayGiga, a Madrid based cloud gaming company in December 2019.

New products, services launched also increase competition between companies and many companies are developing innovative technologies like Nvidia launched the Nvidia RTX A6000 to the market in October 2020. Nvidia launched the cloud gaming service GeForce Now in February 2020, Google launched the Stadia cloud gaming service in March 2019.

Partnerships and Collaborations between companies are also creating the market more competitive like KT collaborated with the cloud gaming company Ubitus for 5G cloud gaming service in Korea, Nvidia collaborated with a Chinese company named Tencent for cloud gaming service - Start in December 2019. Nvidia launched the cloud gaming service GeForce Now in February 2020, Google launched the Stadia cloud gaming service in March 2019. Tencent collaborated with Huawei to develop the cloud gaming service in March 2020. Microsoft collaborated with Reliance-Jio for the launch of a cloud gaming service -Xbox in March 2020.

NVIDIA

Overview:

Nvidia is an American multinational corporation dealing with semiconductors and other electronics. The headquarters of the company is located in Santa Clara, California, US. It was founded On 5th April 1993 by Jensen Huang. Jensen Huang is a Taiwanese American who is also the current CEO and president of the company. The company deals with GPU’s for the gaming market and SOCs for the mobile computing market. Cloud gaming service GeForce Now and gaming consoles like Shield Portable, Shield Tablet and Shield Android Tv are helping the company to expand in the gaming industry. The company also has an application programming interface(API) CUDA. According to the list of fortune 500 companies, Nvidia was ranked 184. The market value of the company as of 31st March 2021 was USD 328 billion. According to the Forbes global 2000 ranking, the company was ranked 256 in 2021. Some of the subsidiaries of the company are Nvidia Advanced, Rendering Center, Mellanox Technologies and Arm Ltd.  Nvidia collaborated with a Chinese company named Tencent for cloud gaming service - Start in December 2019

Product Portfolio:

• GeForce: Graphics processing product of the company.
• Nvidia RTX: Visual computing platform made by Nvidia which allows real-time ray tracing.
• Nvidia Shield: gaming hardware/consoles like Shield Portable, Shield Tablet and Shield Android Tv.
• Nvidia Grid
• NVS
• Bluefield

Key Developments

• The company launched the Nvidia RTX A6000 to the market in October 2020.
• The company announced the acquisition of a UK based chip designer named Arm Holdings from SoftBank Group on 13th September 2020.
• GeForce 30 series was announced by the company on 1st September 2020.
• Ampere GPU Architecture was announced by the company in May 2020.
• The company announced Minecraft RTX in August 2019.

Financial Overview

According to the list of fortune 500 companies, Nvidia was ranked 184. The market value of the company as of 31st March 2021 was USD 328 billion. According to the Forbes global 2000 ranking, the company was ranked 256 in 2021. The annual revenue of the company in 2020 was USD 10.918 billion. Some of the shareholders of the company are The Vanguard Group, Inc, BlackRock Fund Advisors, SSgA Funds Management, Inc and Jennison Associates LLC  with market shares of 7.28%, 4.64%, 3.89%, 1.15% respectively.

 Why Purchase the Report?

• Visualize the composition of the Global Cloud Gaming Market products in terms of type and End User options, highlighting the critical commercial assets and players.
• Identify commercial opportunities in the Global Cloud Gaming market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of Global Cloud Gaming Market-level 4/5 segmentation.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players

The Global Cloud Gaming market report will provide access to approximately 53 market data tables, 42 figures, and 200 pages

Target Audience 2022

• Equipment suppliers/ Buyers
• Type Providers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Emerging Companies
• Research professionals
• Distributors
• Manufacturers

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