Cloud Gaming Market Size to Grow at Humongous Growth of 24.45% CAGR to 2025
Cloud Gaming Market was valued at USD 1060.1 Million in 2018 and is projected to reach around USD 4901.3 Million by 2025, at a CAGR of 24.45% during the forecast period. The base year considered for the study is 2017 and the forecast period is 2019-2025. The improved gaming experience presented by cloud gaming drives the market growth.
Key Players for Global Cloud Gaming Market Reports–
Some major key players for global Cloud Gaming market are, NVIDIA Corporation, Ubitus Inc., Simplay, LiquidSky Software, Inc., RemoteMyApp, IBM, Hatch Entertainment Ltd., Cloudzen, Sony Corporation, ParsecCloud Inc., Microsoft, Crytek GmbH, Amazon Web Services Inc., Blade (Shadow), Samsung Electronics, GameFly, Inc and Google Inc.
Cloud gaming is a type of online gaming. There are mainly two types of cloud gaming, one which is based on streaming video and the other based on file streaming. Additionally this is comparatively new way of gaming that’s offers the player combined play across multiple devices. The main benefit of cloud gaming is that the company can upgrade the games without having to concern as much about the capabilities of users’ computers.
Cloud Gaming Market Segmentation
By Type (Public, Private, Hybrid), By Platform (Smartphones, PCs, Others), By Service Type (Video Streaming, File Streaming)
Global Cloud Gaming Market Dynamics –
The increasing user of gaming devices is the key factor which drives the growth of cloud gaming market. Technological developments and revolution in graphics that show realistic views are attractive part for the gamers. Additional Growing innovation in smart phone sector and increasing number of mobile users are also supplementing the cloud gaming market growth worldwide. For instance: According to the latest figures the numbers of mobile phone users in the world are around 4.9 billion in 2018. Furthermore, increasing presence of high speed internet in the world is also one of the major factors drive the market growth for cloud gaming. Increasing better user experience through the technological development in cloud gaming technology is also drives the market growth within the forecast period. Device compatibility may be a restraining factor for the market growth.
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