According to Stratistics MRC, the “Global Cloud Gaming Market” is accounted for $0.99 billion in 2018 and is expected to reach $3.90 billion by 2027 growing at a CAGR of 16.5% during the forecast period. Some of the key factors influencing the market growth include commercialization of 5G, rise in a number of gamers, upsurge of immersive and competitive gaming on mobile and increase in the number of internet users. However, multiplayer cloud gaming server allocation issues are hindering the market growth.
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Cloud gaming is a rising technology in the gaming industry, which allows a consumer to flow high-end games on systems, such as laptops, tablets, and mobiles, with a high-quality internet bond. Cloud gaming is perfect for gamers, as they have to frequently upgrade their console or PC hardware to play games, which leads to further costs and less fun.
Opportunity: The factors such as improvement and advancement development in the gaming technology would provide ample opportunities for the market growth.
Due to the essential advancement in the gaming technology. The improved gaming skill obtainable by cloud gaming platform is one of the key factors that has a positive influence on the growth of the cloud gaming. Through the influence of internet for digital downloads, streaming, and growth of mobile networks, the attention towards latest gaming technologies is rising constantly and due to this, the adoption of cloud gaming is rising quickly. Also, the huge adoption of smart phones and tablets is playing an significant role in adoption of cloud gaming platform.
Driver: Increasing commercialization of 5G technology.
The arrival of 5G technology has marked a latest beginning in the connectivity landscape and brought about an elemental shift in the gaming industry. Countries around the world are investing in 5G technology to gain broader microeconomic advantages. Countries such as China, U.S., South Korea, and Japan have finished important strides in the direction of bolstering the 5G infrastructure in the country. 5G technology is a next-generation wireless technology that can allow quicker data transmission speeds. As the cloud gaming technology require high transmission speeds of over 10 Mbps, the operation of the 5G infrastructure serves as a key enabling factor, allowing companies to launch their platforms in the region. The 5G technology also successfully deals with various latency issues, as long as users with a seamless gaming skill, promoting the usage of cloud gaming platforms.
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By game type, casual gamers segment is estimated to have a lucrative growth. Casual gamers are further expected to create tradeoffs for the convenience and cost-effectiveness of cloud gaming. Also, sustained enhancement of 5G smart systems lead to the elevated speed and less latency properties creating wider implementation of cloud gaming for casual gamers.
By geography, the North America region is anticipated to hold considerable market share during the forecast period. The fast growth of cloud computing and the rising occurrence of professional gamers are expected to fuel the market growth. Additionally, greater than before government investments in cloud computing and linked technologies, rising adoption of smart phones, and rising penetration of high-speed internet are some of the other factors responsible for the growth of the market.
The Global Cloud Gaming Market Leaders are IBM, NVIDIA, Google, Sony, Tencent, Amazon Web Services, Samsung Electronics, Right-To-Win, Microsoft, Intel Corporation, Alibaba, Advanced Micro Devices, Blacknut, Paperspace, Activision, TransGaming, LiquidSky Software, and Playcast Media Systems.
IBM: In April 2018, IBM partnered with Apple to bring a mobile AI solution based on IBM Watson Services for Core ML. The joint venture will influence Apple’s Core ML framework and Watson Studio (also announced) growth tools allowing developers to aim apps that will influence the machine learning (ML) capabilities on Apple systems. Preliminary with the A11 processor, Apple integrated a devoted neural engine for suggestion processing of trained ML models.
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Microsoft Corporation: In November 2019, Microsoft Corporation partnered with Salesforce Sales and Service Clouds to help out customers and assemble the evolving requirements of their businesses and boost team efficiency. Salesforce has named Microsoft Azure as its open cloud provider for Salesforce Marketing Cloud. Salesforce will also make new integrations that connect Salesforce's Sales Cloud and Service Cloud with Microsoft Teams.
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