Cloud Gaming Market - Global Industry Analysis, Growth, Key Trends, Regional Assessment and Forecast 2019 - 2029

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Cloud Gaming Market - Global Industry Analysis, Growth, Key Trends, Regional Assessment and Forecast 2019 - 2029

Status : May, 2021 | Technology & Media

Report Digest

Cloud Gaming Market: Outlook

Technological revolutions are shining brightly across the horizon of various sectors lately. The gaming sector is no stranger to this revolution. Technologies like cloud gaming have completely changed the scenario of the gaming industry completely.

The global cloud gaming market may record good growth during the assessment period of 2019-2029 due to the ongoing advancements and penetration of novel upgrades across various gaming platforms. The generation Z and millennial category is bringing great growth opportunities due to the surge in popularity. In addition, the COVID-19 pandemic has led to a rise in the popularity of cloud gaming services due to the stay-at-home orders.

Cloud Gaming Market: Industry Analysis

The highly-fragmented cloud gaming market has diverse players. A major chunk of players tries to develop novel games that are in sync with the preferences of the end-user. The players also upgrade their servers consistently to offer a smooth experience to the end-user.

The cloud gaming market may experience a shift in the growth on the grounds of the entry of well-established organizations. Some of the recent instances are Microsoft and Google. Microsoft will launch its cloud gaming feature known as ‘xCloud’ is to be launched on September 15 on Android. Google also has its cloud gaming platform known as Stadia. Deutsche Telekom has also launched its cloud gaming platform known as Magenta Gaming. Such developments may add extra stars of growth to the cloud gaming market.

Attractive advertising strategies also help in attracting subscribers to a great extent. Some key participants in the cloud gaming market are International Business Machines Corporation, Amazon Inc., NVIDIA Corporation, Apple Inc., and Alphabet Inc.

Cloud Gaming Market: Mergers and Acquisitions

Activities like mergers and acquisitions are playing a vital role in bringing immense growth prospects for the cloud gaming market. Some of the recent mergers and acquisitions that took place in the cloud gaming market are as follows:

  • Facebook acquired PlayGiga, a Madrid-based cloud gaming startup for about $78 mn
  • Samsung and Microsoft deepened their partnership to enable smoother integration of Microsoft’s xCloud gaming features across Samsung products
  • Scopely recently acquired Disney’s FoxNext Games

Cloud Gaming Market: Emerging Startups

The role of startups has been great in bringing extensive growth opportunities for the cloud gaming market. Many startups with the help of investors are finding their way in the cloud gaming market and are giving tough competition to the already established players. Here are some major startups that are bringing growth prospects for the cloud gaming market.

Blacknut: It is based on subscriptions and offers multiple games to the subscriber without paying separately for each game.

Polystream: It is a 3D games streaming platform and is based in the UK. No dedicated cloud infrastructure or download is required and games can be accessed from anywhere using any server.

Vortex: This cloud gaming service provider allows gamers to play diverse genre-based games on their browser through the application without installing the games. The app is available on Google Play Store and the games can be played on an Xbox, PC, or smartphone.

Cloud Gaming Market: Regional Dimensions

Among the regions covered, Asia Pacific may gain good growth for the cloud gaming market due to the growing popularity across densely populated countries like China and India. In India, a majority of the population is under the age of 25 and hence, this aspect may bring tremendous growth opportunities. China is also not behind with a plethora of cloud gaming services on demand. Alibaba cloud gaming is a classic instance.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?