Cloud Gaming Market Size - Global Forecast to 2024

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MarketsandMarkets Presents

Cloud Gaming Market Size - Global Forecast to
2024 Cloud Gaming Market Size, Share and
Industry Growth Analysis Report by Offering
(Infrastructure, Gaming Platform Services),
Device Type (Smartphones, Tablets, Gaming
Consoles, PCs Laptops, Smart TVs, HMDs),
Solution (Video Streaming, File Streaming), Gamer
Type, Region https//www.marketsandmarkets.com/Ma
rket-Reports/cloud-gaming-market-62740366.html
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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. Browse in-dept
h TOC on "Cloud Gaming Market"108 Tables50
Figures166 Pages
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Cloud Gaming Market for Game Platform Services
held largest size of market Game platform service
held the largest share in cloud gaming market by
offering owing to growing demand of both content
and PC service. Cloud gaming allows playing PC
games on nearly any device on the go, which
earlier required expensive hardware. Sonys
PlayStation, Blades Shadow, GeForce NOW,
Blacknut are some of the major companies
providing gaming platform service. Launch of
Googles Stadia and Microsoft XCloud are expected
to further drive the platform service
market. Ask PDF Brochure https//www.marketsandm
arkets.com/pdfdownloadNew.asp?id62740366 Cloud
Gaming Market for Smartphones to grow at higher
CAGR of market during forecast period With the
rapid rise in mobile gaming in the last five
years, smartphones are going to gain a
significant amount of market traction in the
coming years. One of the perks of this technology
is its cost-effectiveness. It is way too
expensive to constantly upgrade the consoles and
PCs to uphold the game performance. It requires
extra spending for up-gradation of consoles and
customization of PCs, but with cloud gaming, it
requires either a laptop, a 5G device, or a smart
TV. This has provided the feasibility to a new
class of gamers, as it opens the possibility for
more casual gaming for a fraction of the price.
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Video Streaming to hold largest share of cloud
gaming market Games being streamed from powerful
servers without the need to download or update
any game is a major factor driving the growth of
the market. Moreover, video streaming service
further allows playing games anywhere and, on any
platform, as long as it is connected to internet.
There has also been an increase of a wide
selection of high-quality games. Request Free
Sample Pages https//www.marketsandmarkets.com/re
questsampleNew.asp?id62740366 Casual gamers
segment to have highest growth in cloud gaming
market in coming years Casual gamers are more
likely to make tradeoffs for the convenience and
cost-effectiveness of cloud gaming. Also,
continued enhancements of 5G smartphones lead to
the high speed and low latency properties
creating wider adoption of cloud gaming for
casual gamers. APAC held major share of cloud
gaming market The cloud gaming market in APAC is
foreseen to augment at a significant rate owing
to the increasing number of 5G infrastructure deve
lopment 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 its cost.
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• Top Cloud Gaming Companies - 
•  Key Market Players
• The major cloud gaming companies are NVIDIA (US),
  Intel (US), Google (US), Microsoft (US), Amazon
  (US), Advanced Micro Devices (US), Sony (Japan),
  IBM (US), Tencent (China), and Alibaba (China).
• NVIDIA (US) is the leader in the cloud gaming
  market. The company develops GPUs to provide
  solutions to profound issues in computer science.
  It 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 continued 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).
• Cloud Gaming Market and Top Solutions
• Video Streaming - This solution renders all
  graphics, compresses resulting videos and streams
  them to clients in the cloud on remote CPUs/GPUs.
  The video is streamed to the user and decoded
  locally. This approach demands more bandwidth and
  processing time but can utilize higher-powered
  GPUs than local devices. Both cloud gaming and
  live media streaming involve the compression of
  the incoming video and its distribution to end
  users. In both cases, the user has access to a
  small set of most recent video frames without
  having any access to future frames prior to their
  production.
• File Streaming - File streaming is an approach
  that enables the downloading of game content in
  the form of bits. The actual game is carried out
  on the users gaming device. A small part of the
  game, less than 5 of the total game size, is
  downloaded initially so that gamers can start
  playing. The rest of the game content is
  downloaded while playing. This solution uses
  advanced mechanisms of progressive downloading,
  data compression, and prediction algorithms to
  provide steady motions and smooth visuals.

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