iBet uBet web content aggregator. Adding the entire web to your favor.

Revenue in the Cloud Gaming market market in the world is projected to reach US$6.91bn in 2024.
Revenue is expected to demonstrate an annual growth rate (CAGR 2024-2029) of 29.64%, leading to a projected market volume of US$25.30bn by 2029.
In the Cloud Gaming market market in the world, the number of readers is anticipated to reach 501.1m users by 2029.
User penetration is forecasted to be 5.1% in 2024 and is expected to increase to 6.2% by 2029.
The average revenue per user (ARPU) is projected to be US$17.46.
In a global context, the majority of revenue will be generated the United States, with a figure of US$1.94bn in 2024.
Worldwide, the cloud gaming sector is experiencing rapid growth as consumers increasingly prioritize flexibility and accessibility in their gaming experiences.

Definition:

Cloud gaming is a form of video game streaming that allows players to play games on their devices through an internet connection, without the need for dedicated gaming hardware or local installation of games. In cloud gaming, games are stored and run on remote servers, and the player's device only needs to send inputs and receive streaming video and audio output. Cloud gaming services often require a subscription fee and offer a library of games for users to choose from, with the ability to play games on demand. The market for cloud gaming has been growing in recent years, with the proliferation of high-speed internet connections and advancements in cloud computing technology.

Additional Information:

The market comprises revenues, users, average revenue per user, and penetration rates. Revenues are generated through subscriptions and consumer spending. Market numbers are also featured in the Advertising & Media Insights. For more information on the data displayed, use the info button right next to the boxes.

Subscription for Cloud Gaming platforms, such as GeForce Now
In-game purchases from Cloud Gaming games, such as game pass

Revenues from digital video games, such as sold video games
Revenues from in-game purchases, such as in-game spending in Fortnite
Revenue from physical video games, such as buying games in stores

The Cloud Gaming market in Worldwide is experiencing significant growth and development as more and more consumers are embracing cloud-based gaming platforms.

Customer preferences: Customers are increasingly looking for convenience and flexibility in their gaming experiences. Cloud gaming allows users to access and play games on various devices without the need for expensive gaming hardware. This appeals to a wide range of gamers, including casual players who may not want to invest in dedicated gaming consoles or PCs. Additionally, the ability to stream games directly from the cloud eliminates the need for large game downloads and updates, saving customers time and storage space.

Trends in the market: One of the key trends in the cloud gaming market is the rise of subscription-based services. Gaming companies are offering monthly or annual subscriptions that give users access to a library of games that can be streamed on-demand. This model provides a cost-effective solution for gamers who want access to a wide range of games without the need to purchase each title individually. Subscription services also often include additional perks such as exclusive content or early access to new releases, further enhancing their appeal. Another trend in the market is the increasing adoption of cloud gaming by mobile gamers. With the advancements in mobile technology, smartphones and tablets are becoming powerful gaming devices. Cloud gaming allows mobile gamers to play high-quality, graphics-intensive games on their devices without the need for expensive hardware upgrades. This opens up new opportunities for gaming companies to tap into the growing mobile gaming market.

Local special circumstances: In certain regions, the development of the cloud gaming market is influenced by local factors. For example, in countries with limited access to high-speed internet, the adoption of cloud gaming may be slower due to connectivity issues. In contrast, countries with well-developed internet infrastructure are more likely to see a faster adoption of cloud gaming. Additionally, cultural preferences and gaming habits can also impact the local cloud gaming market. Some regions may have a stronger preference for certain types of games or gaming genres, which can influence the types of cloud gaming services that are successful in those markets.

Underlying macroeconomic factors: The growth of the cloud gaming market is supported by several underlying macroeconomic factors. The increasing availability of high-speed internet and advancements in cloud technology have made it easier for gaming companies to offer cloud gaming services. Additionally, the growing popularity of esports and online multiplayer games has created a demand for cloud gaming platforms that can provide seamless and lag-free gaming experiences. Furthermore, the global gaming industry as a whole is experiencing significant growth, with more people turning to gaming as a form of entertainment. This growing market presents opportunities for cloud gaming companies to expand their user base and revenue streams. Overall, the Cloud Gaming market in Worldwide is driven by customer preferences for convenience and flexibility, with trends such as subscription-based services and mobile gaming shaping the market. Local special circumstances, such as internet connectivity and cultural preferences, can also influence the development of the market in specific regions. The underlying macroeconomic factors of improved internet infrastructure and the growing popularity of gaming contribute to the overall growth and development of the cloud gaming market.

Data coverage:

Figures are based on subscription spending, consumer spending, investment, and funding data.

Modeling approach / Market size:

Market sizes are determined by a Top-Down approach, based on a specific rationale for each market market. As a basis for evaluating markets, we use reports, third-party studies, research companies. Next we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, internet penetration and cloud revenues. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the S-curve function and exponential trend smoothing are well suited to forecast digital products and services due to the non-linear growth of technology adoption. The main drivers are consumer spending per capita, level of digitalization, and cloud revenues.

Additional Notes:

The market is updated twice per year in case market dynamics change. Consumer Insights data is unbiased for representativeness.

This report presents a comprehensive analysis and additional information on the Advertising & Media market, in a PDF format.

Cloud computing is the delivery of hosted services over the internet through the main service delivery segments; infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS). Revenue in the United Kingdom (UK) from public cloud services, which makes up most of the cloud computing market, amounted to around 12 billion U.S. dollars in 2020. This is a share of almost four percent of the global public cloud market.