The cloud gaming sector, which was valued at $244 million in 2020, is anticipated to soar to $21.95 billion by 2030, reflecting a CAGR of 57.2% from 2021 to 2030. This report delves into the primary growth catalysts, market segments, and competitive analysis, offering vital insights for stakeholders, investors, and newcomers to strategize effectively.
Factors propelling the market include affordability over traditional gaming consoles and technology advancements. Nonetheless, challenges like high latency and less detailed experiences compared to classic platforms pose growth restraints. Conversely, emerging network developments and strengthened security promise potential opportunities ahead.
The cloud gaming sector is categorized by offerings, device types, solutions, and regions. Offerings are split between infrastructure and gaming platform services. Devices include smartphones, tablets, PCs, gaming consoles, smart TVs, and HMDs. Solutions are segmented into video and file streaming. The market spans North America, Europe, Asia-Pacific, and LAMEA regions.
In 2020, the infrastructure offering dominated, securing nearly 80% of the market. Yet, the gaming platform services might exhibit the most significant growth, with a projected CAGR of 58.3% from 2021 to 2030. The video streaming solution held two-thirds of the market share in 2020, but file streaming could outpace with an expected CAGR of 59.7% from 2021 to 2030.
Asia-Pacific, contributing over 40% of the total market in 2020, is predicted to maintain its leading position through 2030, possibly with a 58.5% CAGR. The study also covers North America, Europe, and LAMEA regions.
Prominent industry players examined in the research encompass Blacknut, Amazon Luna, Microsoft, Google LLC, Shadow, NVIDIA, Ubitus K.K., Tencent, Sony Group, and Vortex (RemoteMyApp) Sp. z o. o.
COVID-19 Impact:
During the pandemic, video gaming saw a surge with playtime increasing by nearly 71% due to lockdowns. User count on cloud gaming platforms reportedly jumped to over 932 million in 2020, indicating substantial market growth.
For a detailed report or specific regional analyses like North America, Europe, or Asia, please reach out. Tailored requirements can also be addressed.
This comprehensive report aims to provide the most insightful market data, aiding in strategic decision-making for current players and potential entrants.
About Allied Market Research:
Based in Portland, Oregon, Allied Market Research (AMR) is a renowned market research and consulting firm. Offering insights across 11 industry verticals, AMR has been pivotal in assisting clients with strategic decisions and sustainable growth. With a history of collaboration with Fortune 500 companies and SMEs, the firm’s approach combines primary interviews with industry experts and thorough secondary research methodologies.
Led by CEO Pawan Kumar, AMR is committed to delivering high-quality data and insights. The firm has established professional ties with multiple companies, enhancing the accuracy of its research.
