Cloud Gaming Market Research Report, Growth, Trends Key Players

The global cloud gaming market in terms of revenue was estimated to be worth USD 306 million in 2019 and is poised to reach USD 3,107 million by 2024, growing at a compound annual growth rate (CAGR) of 59.0% from 2019 to 2024. The new research study consists of an industry trend analysis of the market.

The major driving factors considered 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.

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NVIDIA Corporation (US) −

NVIDIA develops GPUs to provide solutions for complex issues in computer science. The company specializes in markets, which employ GPU-based visual computing and accelerated computing platforms. These platforms integrate processors, systems software, programmable algorithms, systems, and services in the marketplace. Fueled by the continual demand for better 3D graphics and the scale of the gaming market, the company is emphasizing on Virtual Reality (VR), High-Performance Computing (HPC) and Artificial Intelligence (AI).

Intel Corporation (US) −

Intel is a leading designer and manufacturer of advanced integrated digital technology platforms and has a robust market presence, especially in PC and data center markets. The company provides designing and manufacturing of technologies that empower cloud and numerous smart, connected computing devices. It delivers computing, data storage, networking, and communication solutions spanning across multiple industries including original equipment manufacturers (OEMs); original design manufacturers (ODMs); cloud and communication service providers; and industrial, communications, and automotive equipment manufacturers.

Google Inc. (US) −

Google is one of the global technology leaders, and its primary areas of operations include advertising, search, operating systems and platforms, and enterprise and hardware products. Google develops innovative products based on cloud gaming technology. The company continuously aims for innovative next-generation products and services to meet the varying needs of its customers across various end-use applications. Additionally, Google is conducting various strategic R&D initiatives to enhance its product capabilities. In November 2019, Google unveiled Stadia, an advanced gaming platform built to power creative vision. The Stadia developer platform is designed to seamlessly integrate with tools, workflows, and business practices of the company.

Microsoft Corporation (US) –

Microsoft is a global leader offering software services, devices, and solutions. The company offers significantly diversified software products and is active in its development, licensing, and support. The company significantly invests in R&D to improve its product portfolio and position in the cloud gaming services market. With the development of a new Project xCloud, which is a game-streaming technology that delivers a quality experience for all gamers, the company showcased its strong organic growth capability.