- In February 2023, Xsolla, a U.S.-based video game commerce company, is poised to launch innovative tools aimed at integrating game developers into the expanding realm of cloud gaming. This new venture not only seeks to facilitate game development in the cloud environment but also aims to help developers effectively monetize their creations, thereby enhancing revenue opportunities in the burgeoning cloud gaming market
- In December 2023, Xbox Cloud Gaming expanded its services to the Meta Quest line of VR headsets, enabling users to download the app directly from the Meta Quest Store. This launch allows players to access VR-based games without requiring additional gaming devices. It highlights significant market opportunities for cloud gaming services to thrive across diverse, advanced-compatible devices, catering to a growing audience interested in immersive gaming experiences
- In September 2023, Microsoft announced plans to launch its next Xbox console in 2028, envisioned as an advanced hybrid gaming platform. This innovative console will harness the combined capabilities of the user's device and the cloud to deliver enhanced immersion and entirely new gaming experiences. This development reflects the increasing demand for technological advancements in cloud gaming, providing stakeholders with opportunities to expand their market presence with novel offerings
- In October 2021, Sony introduced a cutting-edge virtual reality (VR) headset for its popular PlayStation cloud gaming 5, featuring advanced eye-tracking technology and vibratory feedback. The headset boasts a 110-degree field of view, 4K HDR resolution of 2000x2040 per eye, and an OLED screen with a 90/120 fps frame rate. Additionally, the controllers provide tactile feedback, aiming to deliver a more immersive and realistic gaming experience for players
- In September 2021, NVIDIA Corporation forged a partnership with Electronic Arts Inc. to enrich the gaming portfolio on its GeForce NOW platform. This collaboration allowed Electronic Arts to bring several acclaimed titles to the service, including Mirror's Edge Catalyst, Battlefield 1 Revolution, Dragon Age: Inquisition, Apex Legends, and Unravel Two. This partnership signifies an effort to broaden the gaming experience available through cloud gaming platforms
- In April 2021, Blacknut collaborated with NOS, a communications and entertainment group in Portugal, to deliver an enhanced gaming experience utilizing 5G technology. This partnership aims to offer over 500 games playable through the 5G network, marking a significant advancement in cloud gaming accessibility. The integration of 5G enhances the gaming experience, providing lower latency and improved performance for users across Portugal
Frequently Asked Questions
The market is segmented based on Segmentation, By Offering (Infrastructure and Gaming Platform Services), Device Type (Smartphones, Tablets, Gaming Consoles, Personal Computers and Laptops, Smart Televisions, and Head-Mounted Displays), Solution Type (Video Streaming and File Streaming), Gamer Type (Casual Gamers, Avid Gamers, Hard-Core Gamers/ Professional, and Lifestyle Gamer), Deployment (Public Cloud, Hybrid Cloud, and Private Cloud), Gaming System (G-Cluster, PlayStation, Stream My Game, Steam in Home Streaming, Remote Play, and Others) – Industry Trends and Forecast to 2031
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The Global Cloud Gaming Market size was valued at USD 1.51 USD Billion in 2023.
The Global Cloud Gaming Market is projected to grow at a CAGR of 51.22% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
