Cloud gaming is a type of gaming where the game is played on remote servers and the video and audio are streamed to the user over the internet. This allows users to play games without needing high-spec hardware, as the computing power is supplied by the remote server. Cloud gaming is becoming increasingly popular as it allows users to access games from any device, without needing to buy or install them locally.
Cloud gaming is used in a variety of ways, from streaming services such as Google Stadia and Nvidia GeForce Now, to game rental services such as Shadow and Vortex. These services allow users to access a library of games for a monthly fee, without needing to purchase them. Additionally, cloud gaming can be used to play games with friends over the internet, as well as providing an alternative to local gaming by reducing the need for physical media and hardware.
The global Cloud Gaming market was valued at US$ 261.6 million in 2022 and is anticipated to reach US$ 1611.9 million by 2029, witnessing a CAGR of 35.4% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Cloud Gaming Market available at: https://www.themarketreports.com/report/global-cloud-gaming-market-research-report
This report aims to provide a comprehensive presentation of the global market for Cloud Gaming, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cloud Gaming.
Global Cloud Gaming key players include Sony(Gaikai,Onlive), GameFly(PlayCast) , Nvidia, Ubitus, etc. Global top four manufacturers hold a share about 30%.
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