Cloud Gaming Technology Market Report | Global forecast from 2023 to 2030 (2023)

FAQs

Cloud Gaming Technology Market Report | Global forecast from 2023 to 2030? ›

According to our latest research for [2023], the global Cloud Gaming Backend Service market is expected to reach USD 1417.6 million by 2028, with a CAGR of 19.2% during 2023-2030, This report provides a detailed analysis of the global Cloud Gaming Backend Service market in a number of tables and figures [87] Pages.

Revenue in the Games market is projected to reach US$396.13bn in 2023. In global comparison, most revenue will be generated in China (US$110,100.00m in 2023). In the Games market, the number of users is expected to amount to 8.33bn users by 2027.

Cloud Gaming Market Analysis

The global cloud gaming market (hereafter referred to as the market studied) is expected to register a CAGR of 45.2% during the forecasted period. These platforms are increasingly attracting more than hundreds and thousands of new visitors in online traffic.

Cloud Gaming is the future of video gaming because it offers many advantages for gamers and publishers. It is in tune with the times and its consumption patterns, in addition to being very accessible and reaching a vast number of potential consumers.

The major players in the cloud gaming market are NVIDIA (US), Intel (US), Google (US), Microsoft (US), Amazon (US), Advanced Micro Devices (US), Sony (Japan), IBM (US), Tencent (China), and Alibaba (China). NVIDIA (US) is the leader in the cloud gaming market.

According to this latest publication from Meticulous Research^®, the Online Gaming Market is projected to register a CAGR of 19.6% from 2023–2030, to reach $431.87 billion by 2030.

Mobile Gaming Market is Expected To Surpass USD 284.4 Billion at a 13.60% CAGR by 2030 - Report by Market Research Future (MRFR)

The global cloud computing market size is expected to reach USD 1,554.94 billion by 2030, registering a CAGR of 14.1% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc.

Global cloud applications market size 2013-2025

In 2021, the global cloud applications market had a value of 133.6 billion U.S. dollars and is expected to reach 168.6 billion U.S. dollars by 2025. The cloud applications software market is anticipated to grow at a compound annual growth rate of 4.8 percent.

05, 2023 (GLOBE NEWSWIRE) -- In 2022, the cloud services market is anticipated to be worth US$ 564.4 billion. According to forecasts, the market would increase from US$ 678.8 billion in 2023 to US$ 4.4 trillion in 2033, growing at a 20.5% CAGR.

Will cloud gaming be successful? ›

The pandemic has accelerated the evolution of the cloud gaming industry. As companies remained locked down and people flocked online, the sector became a billion-dollar market for the first-time last year, up from USD$633 mn in 2020, and is on course to reach USD$3 bn by 2023, rising to USD$7bn in 2027.

Google Stadia is a cloud gaming service that allowed players to access a wide range of video games through the internet. The search engine giant has announced that they are officially shutting down Stadia on January 18, 2023.

The idea behind cloud gaming is to reduce the dependency of requiring high-end hardware to play AAA titles. This way, no one needs to plunk down hard-earned cash on an applicable device to keep up with the gaming industry; imagine playing Xbox One titles after shelling out for the latest premium Android phone.

Dominating the Cloud Service Provider (CSP) market are three hyperscalers: Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP).

After AWS, Microsoft Azure and Google Cloud Platform are the biggest cloud companies by revenue and market share. Collectively, these three companies capture more than 65% of the total spending on cloud services.

Amazon's (AMZN) Amazon Web Services (AWS) continues to be the market leader in cloud computing. It dominated 34% of the cloud infrastructure services market in Q3 CY2022.

Gaming is now a bigger industry than movies and sports combined. Revenue for gaming reached $184 billion in 2022, and the number of gamers is expected to grow to 3.6 billion by 2025. It's not just kids either: 38 percent of gamers are between the ages of 18 and 34 years, and 16 percent are older than 55.

Market Overview

The global esports market size was worth USD 1,178 million in 2021. It is expected to reach USD 5,743 million by 2030, growing at a CAGR of 21.9% during the forecast period (2022–2030).

In a decade or so, gaming may very well become a pastime that will become increasingly accessible to more players due to the cloud. “What will evolve is the availability of people to access these more high-end gaming experiences,” says Hou.

In addition to VR and mobile gaming, the future of gaming could also see the integration of artificial intelligence (AI) and machine learning. This could lead to the creation of more realistic and dynamic game environments, as well as personalized experiences tailored to individual players.

What is the future growth of gaming industry? ›

The Indian gaming market is expected to grow from $2.8 billion in 2022 to $5 billion in 2025, growing at a CAGR of 28-30%. The quantity of gamers in the nation is supposed to expand from 420 million in 2022 to 450 million by 2023, and it hit 500 million by 2025.

The Future of Cloud Computing 2025-2030

This will allow organizations to more easily take advantage of the best features and services of each provider. The growth of edge computing: With the continued expansion of the Internet of Things, there will be an increasing need for processing power at the edge of the network.

What is cloud computing market growth? b. The global cloud computing market is expected to witness a compound annual growth rate of 14.1% from 2023 to 2030 to reach USD 1,554.94 billion by 2030.

Software-as-a-service is projected to be valued at $50 billion in India by 2030, according to a report by Bessemer Venture Partners.

Market Overview

The global SaaS market size was valued at USD 161.2 billion in 2021 and is projected to reach USD 382.59 billion by 2030 at a CAGR of 10.08% 2022 to 2030.

According to a study, “Cloud computing can be worth $68.5 billion by 2025. ”This means the sector will grow at 15% per year and increase its cost by that year, bringing its estimated net value to about $800 billion.

Cloud market continues to grow rapidly

The size of this market was $543 billion in 2021 and Cloud market will grow to $864 billion by 2025, representing a compound annual growth rate (CAGR) of 12.8% over that period.

As the pace of innovation in the cloud and the availability of new tools and services continues to explode, Gartner® forecasts worldwide public cloud end-user spending to reach nearly $600 billion in 2023.

The global cloud computing market is expected to grow from USD 445.3 billion in 2021 to USD 947.3 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 16.3% during the forecast period.

What is the weakness of cloud gaming? ›

A few disadvantages of Cloud Gaming are that it requires a fast, secure, and stable internet connection as even a minor case of instability can cause latency issues and can degrade the quality of your experience.

Cloud Gaming Is Ready to Go Mainstream

This push has opened the market up in terms of accessibility, with many options now available for you to engage in cloud gaming no matter what device you have or whether you have a controller/console or not.

The biggest disadvantage of cloud gaming compared to conventional gaming is its dependence on an Internet connection. As long as your connection is stable, you can experience cloud gaming to the max.

Google said in September it was shutting Stadia because it "hadn't gained the traction with users" the company had hoped. But fans have reacted with sadness, with many pointing out some games developed exclusively to be played on Stadia could be lost forever once the service closes.

Google has shut down its cloud gaming service Stadia after launching in late 2019. The company announced the shutdown on 29 September 2022. Google has refunded the purchase of games, add-on content, and subscription fees other than Stadia Pro.

Xbox Cloud Gaming works across a vast range of devices, including Android and iOS phones, Steam Decks, and even Samsung TVs. The service also works with Chromebooks with support for 1080p gaming since November 2022.

“Per user, a cloud game is likely to use more data center energy, and roughly the same amount of network energy, as watching a video of similar resolution,” Preist told Polygon. All of this energy consumption, when drawn from a fossil fuel-powered grid, produces carbon emissions that contribute to the climate crisis.

The first demonstrated approach of cloud gaming technology was by startup G-cluster (short for Game Cluster), which introduced its product at the 2000 E3, and released around 2003.

The public cloud marketplace consists of numerous cloud providers. Amazon, Microsoft and Google account for 62% of the total 2022 cloud market. The remaining public cloud market is divided among IBM, Alibaba, Oracle and several smaller players. This article examines cloud offerings from Amazon, Microsoft and Google.

What are the five layers of cloud players? ›

This reference model groups the cloud computing functions and activities into five logical layers and three cross-layer functions. The five layers are physical layer, virtual layer, control layer, service orchestration layer, and service layer.

As shown in Figure 2, the RA identifies the five major cloud Actors; Consumer, Provider, Broker, Carrier, and Auditor.

NEW YORK | MUMBAI, October 20, 2022: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has been named a Leader in Everest Group's PEAK Matrix® for Multi-Cloud Application Development Services[1]. TCS was placed highest for both Market Impact as well as Vision and Capability.

IaaS, PaaS and SaaS are the three most popular types of cloud service offerings. They are sometimes referred to as cloud service models or cloud computing service models.

Otherwise known as The King of Clouds, cumulonimbus clouds exist through the entire height of the troposphere, usually characterised by their icy, anvil-shaped top.

Proving that success in the cloud requires expertise in where customers have been as well as in where they want to go, old-timers Oracle and SAP plus Google Cloud are the leaders in the Cloud Wars Top 10 growth chart as we jump into 2023.

Headline Cloud Computing Statistics for 2023

Microsoft Azure had a market share of 22% in Q1 2022, with Google at 10% and all other companies at 35%. In total, Amazon, Microsoft and Google accounted for 66% of the cloud market at the start of 2023.

The gaming industry's worth is estimated to reach $221.4 billion in 2023, and the United States will have the largest market share with $56.84 billion in revenue.

While there are few guarantees in the gaming industry, 2023 is a guaranteed great year for gamers everywhere. Whether it's meaningful remasters or reboots, ambitious sequels or intriguing indie titles, 2023 possesses a diverse list of releases.

What is the forecast for the video game industry in 2023? ›

The global gaming market is expected to grow at a compound annual growth rate (CAGR) of 9.9% from $229.39 billion in 2022 to $252.10 billion in 2023.

It is estimated that the North American gaming market will amount to 80.9 billion U.S. dollars annually in 2025, up from 56.8 billion U.S. dollars in 2021.

A report from PwC shows great increase in VG revenue, with strong indicators and enthusiastic future perspectives for this segment.

Online Gaming Market Size [2021-2029] to Reach USD 450.8 Billion and Exhibit a CAGR of 10.7% - Industry Trends, Mergers & Acquisitions, Challenges and Future Growth Opportunities| Adroit Market Research.

The U.S. tech industry is expected to grow by 5.4% in 2023. The U.S. tech industry employs roughly 12.2 million workers as of 2020. There are over 585,000 tech companies in the U.S.

Using Artificial Intelligence (AI) in Game Design

So, when playing games this 2023, expect to come across AI-powered characters and stories. Game designers are now using AI algorithms to create more immersive and engaging games for players.

Market Overview

The global esports market size was worth USD 1,178 million in 2021. It is expected to reach USD 5,743 million by 2030, growing at a CAGR of 21.9% during the forecast period (2022–2030).

The Global eSports Market Will Grow to USD $1617.7 Million by 2024, at a CAGR of 11.1% - ResearchAndMarkets.com.

What is the global gaming market size for 2026? ›

Gaming Market by Type, Device, Platform, and Geography - Forecast and Analysis 2022-2026. Enjoy complimentary customisation on priority with our Enterprise License! At an accelerating CAGR of 7.31%, the gaming market share is expected to increase to USD 74.93 billion by 2026.