According to
latest market research report "Cloud Gaming Market by Offering (Infrastructure, Platform
Service), Devices (Smartphone, Tablet, Gaming Console, PC & Laptop, Smart
TV, HMD), Solution (Video Streaming, File Streaming), Gamer Type (Casual, Avid,
Hardcore), Region - Global Forecast to 2024", The global
cloud gaming market is estimated to be valued at USD 306 million in 2019 and is
projected to reach USD 3,107 million by 2024, at a CAGR of 59.0%.
The major
driving factors are the commercialization of 5G, the rise in a number of
gamers, and the upsurge of immersive and competitive gaming on mobile. An
increase in the number of internet users is also expected to drive cloud gaming
growth during the forecast period.
Browse 108
market data Tables and 50 Figures spread through 176 Pages and
in-depth TOC on "Cloud Gaming Market - Global Forecast
to 2024"
Download
Free PDF Brochure:
Game
Platform Service to grow at higher CAGR in cloud gaming market during forecast
period
Game
platform service is expected to witness the highest growth in the coming years
owing to the presence of key market players like Microsoft, Amazon Web
Services, and Google. For instance, in March 2019, Google unveiled Stadia,
which is a cloud gaming service that enables instant streaming of games on TV,
desktop, laptop, tablet, or smartphone and allows users to seamlessly swap
between the platforms with the help of wireless controller that connects directly
to Google’s cloud.
Gaming
console to hold largest size of cloud gaming market in 2019
The gaming
console segment will have a major share in the cloud gaming market owing to the
extensive and robust distribution network of major players such as Sony and
Microsoft. The launch of cloud gaming platforms has rendered console
manufacturers with a favorable opportunity to monetize on their existing
library of gaming content and augment their product capabilities. These players
are primarily employing their cloud gaming platforms to generate recurring
revenue streams through their existing gaming users.
Video
streaming to witness fastest growth in cloud gaming market in coming years
Video
streaming solution relieves clients from computationally intensive graphics
rendering and is ideal for clients with resource-constrained devices.
Additionally, in this approach, computational load is paid along with network
load since transmitting videos is more expensive than transmitting graphics
commands. Owing to this, video streaming will hold the largest market share.
Avid Gamer
segment held largest share of cloud gaming market in 2019
The larger
market share of avid gamer segment is attributed to their regular presence in
the gaming market. However, these gamers are attributed to have a stake of
15–25% of total sales volume, and they tend to be more price-sensitive compared
to serious gamers. An avid gamer may become a serious gamer, but time
constraints limit this possibility. Such gamers treat gaming as an alternative
source of recreation and may temporarily stop gaming for studies, jobs, outdoor
games, dis-interest, or boredom.
Request Free Sample Pages:
APAC to have
highest CAGR in cloud gaming market during forecast period
The APAC
cloud gaming market is foreseen to augment at a significant rate owing to the
increasing number of 5G infrastructure development initiatives in the region.
Additionally, the cost-effective nature of the cloud gaming platforms is
promoting its usage across various new customer classes that vary in investing
in gaming systems due to their expensive nature.
The major
players in the cloud gaming market are NVIDIA (US), Intel (US), Google (US),
Microsoft (US), Amazon (US), Advanced Micro Devices (US), Sony (Japan), IBM
(US), Tencent (China), and Alibaba (China).
About
MarketsandMarkets™
MarketsandMarkets™
provides quantified B2B research on 30,000 high growth niche
opportunities/threats which will impact 70% to 80% of worldwide companies’
revenues. Currently servicing 7500 customers worldwide including 80% of global
Fortune 1000 companies as clients. Almost 75,000 top officers across eight
industries worldwide approach MarketsandMarkets™ for their painpoints around
revenues decisions.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
No comments:
Post a Comment