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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Cloud gaming allows the gamers to play games online using internet connectivity and console. In the conventional gaming, all the graphic processing, and video rendering is done on the device (such as smartphones, PC) itself whereas in cloud gaming all the processing, graphics, and video rendering process takes place on the cloud itself, eliminating the need of high-end gaming console, which is expected to drive the global cloud gaming market over the forecast period. The gamer only requires one end device such as smartphone or laptop, high internet connectivity, and a subscription from the cloud game providing company to enable the cloud gaming service.

The global cloud gaming market is segmented into device, type, and region. On the basis of type, the market is segmented into smartphones, gaming consoles, PC, tablets, and others. On the basis of region, the global cloud gaming market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

The global cloud gaming market is expected to witness significant growth during the forecast period (2021–2028) due to rapid adoption of high speed internet connectivity across the globe.

The internet connectivity across the globe is rapidly increasing due to the new and advanced technologies such as 5G and Wi-Fi 6. Telecommunication companies are heavily emphasizing on the adoption of 5G technology due its advantages such as high speed connectivity, low latency, higher number of device connectivity, easy implementation of virtual network, and various other benefits. The constant connectivity plays an important role in the cloud gaming especially, when multiple users are connected at the same time, and when sometimes the network might face lag, which might disturb the overall user experience. According to Coherent Market Insights analysis, 5G network might offer higher bandwidth ranging from 100 Mbit/s to 1 Gbit/s (depending upon the radio frequency spectrum and architecture), and reduce the latency to 10 ms. Thus, the low latency connectivity offered by the 5G network will enable players to play games on the cloud without any connectivity issues with a smooth playing experience.

5G network infrastructure witnessed strong growth in the developed countries such as U.S., Japan, and others. However, developing countries such as India, Brazil, and others are still facing challenges in terms of initial 5G network infrastructure. Countries such as India are still in the trial stage of 5G connectivity where the full 5G network connectivity is expected by 2025. Thus, lack of 5G infrastructure might hamper the growth of cloud gaming market especially for developing economies.

Global Cloud Gaming Market - Impact of Coronavirus (Covid-19) Pandemic

The outbreak of COVID-19 has significantly affected all the industries globally. This led to significant effects on economic growth and governments had to shut down commercial as well as educational sectors for a specific period. To combat COVID-19 pandemic, most of the countries had implemented lockdown, and are now easing it phase-wise and industry wise.

The global cloud gaming market witnessed strong growth in COVID era as many people were forced to live indoors, which suddenly increased the demand for gaming consoles, when the gaming console manufacturing companies such as Nintendo and others faced shipment challenges in the span of pandemic.

North America held dominant position in the global cloud gaming market in 2020

Statistics:

North America held dominant position in the global cloud gaming market in 2020, accounting for 46.8% share in terms of value, followed by Asia-Pacific, Europe, Latin America, Middle East and Africa.

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Cloud Gaming Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2020: US$ 178.2 Mn
Historical Data for: 2017 to 2019 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 42.3% 2028 Value Projection: US$ 2,996.0 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia & New Zealand , South Korea, and Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, Israel, South Africa, and Rest of Middle East and Africa
Segments covered:
  • By Type: File Streaming and Video Streaming
  • By Device: Smartphones, Gaming Consoles, PC, Tablets, and Others
Companies covered:

Amazon Web Services Inc., Apple, Inc., Electronic Arts, Inc., Google Inc., Intel Corporation, International Business Machines Corporation, Microsoft Corporation, NVIDIA Corporation, Sony Interactive Entertainment LLC, Ubitus Inc., and others

Growth Drivers:
  • Rapid adoption of high speed internet connectivity across the globe 
  • Rapidly growing smartphone market
Restraints & Challenges:
  • Lack of 5G infrastructure in the developing countries 

Figure 1: Global Cloud Gaming Market Share (%), By Region, 2020

Cloud Gaming  | Coherent Market Insights

Over the forecast period, North America is expected to account for the largest market share in the global cloud gaming market. The primary driver of cloud gaming in the North America region is the rapid adoption of cloud gaming services by the North American companies. For instance, in November 2019, Google Inc., a U.S.-based internet company, launched Google Stadia in the US and other selected countries. Furthermore, Netflix, Inc., a U.S. based streaming and TV production company, is planning to offer game streaming services in 2022. Whereas, companies such as Microsoft Corporation and others have already stepped into the cloud gaming market, this is expected to drive the North America cloud gaming market.

Furthermore, adoption of 5G is expected to witness a strong growth in the U.S. Companies such as Verizon, C Spire, AT&T, Sprint, and T-Mobile are already offering commercial 5G services in the U.S. It is anticipated that by 2023, around 35% mobile consumers in the U.S. would be using the 5G network.

Consumer Electronics segment is expected to drive the market growth during the forecast period.

Among device, the smartphone segment is expected to hold dominant position in the global cloud gaming market during the forecast period. As the devices are getting cheaper and more affordable, their demand has also increased. In recent past, developing economies such as India and China witnessed a boost in the demand for smartphones. For instance, according to Coherent Market Insights analysis, India's smartphone shipment reached almost 38 million units in Q1 2021, and witnessed around 23% YoY growth. Rapidly growing smartphones devices market is expected to positively impact the global cloud gaming market.

Figure 2: Global Cloud Gaming Market Value (US$ Mn) Analysis and Forecast, 2017 - 2028

Cloud Gaming  | Coherent Market Insights

The global cloud gaming market was valued at US$ 178.2 Mn in 2020 and is expected to reach US$ 2,996.0 Mn by 2028 at a CAGR of 42.3% between 2021 and 2028.

Major players operating in the global cloud gaming market include Amazon Web Services Inc., Apple, Inc., Electronic Arts, Inc., Google Inc., Intel Corporation, International Business Machines Corporation, Microsoft Corporation, NVIDIA Corporation, Sony Interactive Entertainment LLC, Ubitus Inc., and others

The cloud gaming enables users to play high quality games online without using any high-end gaming devices, which also eliminates the constant need of upgrading your devices. In cloud gaming, all image rendering and graphics processing is cloud-based, and is directly delivered to the user with the help of high speed internet connectivity. The user can play these games over any platform such as smartphones, PC, TV, etc. The rapidly growing 5G connectivity and smartphone devices market is expected to drive the global cloud gaming market during the forecast period.

Market Dynamics

The global cloud gaming market is expected to grow significantly during the forecast period. The use of advanced virtual reality and augmented reality is expected to create lucrative growth opportunity for the cloud gaming industry. According to Huawei Corporation, a China based technology company, 5G and AV (Augmented reality) VR (Virtual reality) can play a huge role in the cloud gaming market offering users a truly immersive experience. According to Coherent Market Insights analysis, global AR VR gaming market is expected to reach 11.5 Bn by 2026.

Furthermore, the adoption Content Delivery Network (CDN) is gaining popularity in the recent past, which is expected to propel the cloud gaming market during the forecast period. The helps CDN reduce the lag for gaming and provide superior experience to the user. According to Coherent Market Insights analysis, the global CDN market is expected to reach 28.2 billion by 2026. Thus, rapidly growing adoption of CDN is expected to create lucrative growth opportunity for the global cloud players.

Key features of the study:

  • This report provides in-depth analysis of global cloud gaming market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2021– 2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading  market players
  • It profiles leading players in the global cloud gaming market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
  • Companies covered as a part of this study includes Amazon Web Services Inc., Apple, Inc., Electronic Arts, Inc., Google Inc., Intel Corporation, International Business Machines Corporation, Microsoft Corporation, NVIDIA Corporation, Sony Interactive Entertainment LLC, Ubitus Inc., and others
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
  • The global cloud gaming market report caters to various stakeholders in this Application including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global cloud gaming market

Detailed Segmentation

  • Global Cloud Gaming Market, By Type:
    • File Streaming
    • Video Streaming
  • Global Cloud Gaming Market, By Device:
    • Smartphones
    • Gaming Consoles
    • PC
    • Tablets
    • Others
  • Global Cloud Gaming Market, By Region:
    • North America
      • By Type
        • File Streaming
        • Video Streaming
      • By Device
        • Smartphones
        • Gaming Consoles
        • PC
        • Tablets
        • Others
      • By Country
        • U.S.
        • Canada
    • Asia Pacific
      • By Type
        • File Streaming
        • Video Streaming
      • By Device
        • Smartphones
        • Gaming Consoles
        • PC
        • Tablets
        • Others
      • By Country
        • China
        • India
        • Japan
        • Australia & New Zealand
        • South Korea
        • Rest of Asia Pacific
    • Europe
      • By Type
        • File Streaming
        • Video Streaming
      • By Device
        • Smartphones
        • Gaming Consoles
        • PC
        • Tablets
        • Others
      • By Industry
        • Consumer Electronics
        • Automotive
        • Healthcare
        • Manufacturing
        • Transportation
        • Others
      • By Country
        • Germany
        • Italy
        • U.K.
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Latin America
      • By Type
        • File Streaming
        • Video Streaming
      • By Device
        • Smartphones
        • Gaming Consoles
        • PC
        • Tablets
        • Others
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • By Type
        • File Streaming
        • Video Streaming
      • By Device
        • Smartphones
        • Gaming Consoles
        • PC
        • Tablets
        • Others
      • By Country/Region
        • GCC Countries
        • Israel
        • South Africa
        • Rest of Middle East and Africa
  • Company Profiles
    • Amazon Web Services Inc.
      • Company Overview
      • Product Portfolio and Specifications
      • Financial Performance
      • Strategic Overview
      • Recent Developments/Updates
    • Apple, Inc.
    • Electronic Arts, Inc.
    • Google Inc.
    • Intel Corporation
    • International Business Machines Corporation
    • Microsoft Corporation
    • NVIDIA Corporation
    • Sony Interactive Entertainment LLC
    • Ubitus Inc.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By Device
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Device Trend
    • Merger and Acquisitions
    • New Product Launch/Approvals
    • Value Chain Analysis
    • Porter’s Analysis
    • PEST Analysis
    • Impact of COVID-19 Pandemic
  4. Global Cloud Gaming Market, By Type, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • File Streaming
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Video Streaming
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  5. Global Cloud Gaming Market, By Device, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Smartphones, Gaming Consoles
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • PC
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Tablets
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  6. Global Cloud Gaming Market, By Region, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2028 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Device, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Device, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Device, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • China
        • India
        • Japan
        • Australia & New Zealand
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Device, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Device, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country/Region, 2020 and 2028 (%)
        • GCC Countries
        • Israel
        • South Africa
        • Rest of the Middle East and Africa
  7. Competitive Landscape
    • Company Profiles
      • Amazon Web Services Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Apple, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Electronic Arts, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Google Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Intel Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • International Business Machines Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Microsoft Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • NVIDIA Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Sony Interactive Entertainment LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Ubitus Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 150 market data tables and 90 figures on "Cloud Gaming Market - Global forecast to 2028”

FAQgrowicon

Frequently Asked Questions

The global cloud gaming market is expected to reach US$ 2,996.0 million by 2028.
The market is expected to witness a CAGR of 42.3% during the forecast period (2021-2028).
Rapid adoption of high speed internet connectivity across the globe and rapidly growing smartphone market are expected to boost growth of the market.
Smartphone segment held the largest market share among device verticals, contributing 47.3% in terms of value in 2020.
North America region held the largest share in the market in 2020, accounting for 46.8% share in terms of value.
Key players operating in the market include Amazon Web Services Inc., Apple, Inc., Electronic Arts, Inc., Google Inc., Intel Corporation, International Business Machines Corporation, Microsoft Corporation, NVIDIA Corporation, Sony Interactive Entertainment LLC, Ubitus Inc., and others
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