Cloud Gaming Industry: Trends, Market Segments, Landscape, Analysis and Forecast – 2030

 The global cloud gaming services market is anticipated to attain a CAGR of ~50% over the forecast period, i.e., 2022 – 2030.

Moreover, avid gamers make the maximum in-app purchases and actively participate in live-streaming.

Over 1.5 billion smartphones were sold in 2019.The global cloud gaming services market is estimated to grow on the back of increasing popularity of cloud gaming platforms, growing approval of gaming amongst youngsters, and easy availability of smartphones.

Such factors are estimated to boost the market growth.On the basis of regional analysis, the global cloud gaming services market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

The market in the Asia Pacific region is forecasted to attain the largest market share throughout the forecast period owing to the rapidly growing young population, as gaming is popular amongst youngsters, along with technological advancement and internet penetration in the region.The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc.

Amazon is all set to take on Google Stadia and Microsoft xCloud with its own cloud gaming platform Luna.

For a long time, there were rumors in the market that Amazon was all set to launch its gaming platform, and now Amazon has finally launched it during its 2020 Hardware event.However, it’s still not clear when Amazon will launch it widely for everyone.

But for now, it is available for early access in the US from today, and all those people who can’t wait to get their hands-on Luna can visit amazon.com/luna/landing-page to enroll themselves in the early access program of Luna and get its access for $5.99 a month.Initially, Amazon Luna will be available on platforms like Windows, Mac, Android, and even iOS.

You can also access Luna using Fire TV.

The service will be launching with 100+ games, including games like Resident Evil, Control, GRID, The Surge, etc.

Besides this, Amazon has also partnered with Ubisoft (a famous video game company), so you can also expect some fantastic games from Ubisoft on Luna.The Luna Service is powered by AWS, and all the users can play their favorite games on it in 4K resolution.

The Cloud Gaming Market is estimated to be valued at USD 306 million in 2019 and is projected to reach USD 3,107 million by 2024, at a CAGR of 59.0%.The major driving factors are the commercialization of 5G, the rise in a number of gamers, and the upsurge of immersive and competitive gaming on mobile.

Browse 108 market data Tables and 50 Figures spread through 176 Pages and in-depth TOC on "Cloud Gaming Market - Global Forecast to 2024" Download Free PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=62740366 Game Platform Service to grow at higher CAGR in cloud gaming market during forecast periodGame platform service is expected to witness the highest growth in the coming years owing to the presence of key market players like Microsoft, Amazon Web Services, and Google.

For instance, in March 2019, Google unveiled Stadia, which is a cloud gaming service that enables instant streaming of games on TV, desktop, laptop, tablet, or smartphone and allows users to seamlessly swap between the platforms with the help of wireless controller that connects directly to Google’s cloud.

Video streaming to witness fastest growth in cloud gaming market in coming yearsVideo streaming solution relieves clients from computationally intensive graphics rendering and is ideal for clients with resource-constrained devices.

Additionally, in this approach, computational load is paid along with network load since transmitting videos is more expensive than transmitting graphics commands.

However, these gamers are attributed to have a stake of 15–25% of total sales volume, and they tend to be more price-sensitive compared to serious gamers.