Cloud Gaming Market Opportunity Analysis, and Industry Forecast 2021-2028

 

Cloud Gaming

Cloud Gaming allows gamers to play games over the internet utilising a console and an internet connection. In traditional gaming, all graphic processing and video rendering takes place on the device (such as smartphones or PCs), whereas in cloud gaming, all processing, graphics, and video rendering takes place on the cloud, obviating the need for a high-end gaming console, which is expected to drive the global cloud gaming market over the forecast period. To use the cloud gaming service, the player simply needs one end device, such as a smartphone or laptop, good internet access, and a subscription from the cloud gaming provider.

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

Because of new and sophisticated technologies like 5G and Wi-Fi 6, internet connectivity is fast growing over the world. Telecommunication firms are putting a lot of emphasis on the adoption of 5G technology because of its benefits, which include high-speed connectivity, low latency, a larger number of device connections, easy virtual network installation, and other things. In cloud gaming, continual connectivity is critical, particularly when numerous users are connected at the same time and the network experiences slowness, which can disrupt the entire user experience.

The bandwidth of a 5G network might range from 100 Mbit/s to 1 Gbit/s (depending on the radio frequency spectrum and design) and the latency could be as low as 10 ms. As a result, the 5G network's low latency connectivity will allow gamers to play games on the cloud without any connectivity concerns and with a seamless experience.

Relation between Gaming Platforms and Cloud Gaming Market-

Because of the increased demand for both content and PC services, game platform service had the highest share in the cloud gaming industry. Cloud gaming allows you to play PC games on the move on almost any device, which previously needed pricey gear. Some of the biggest firms that provide gaming platform services are Sony's PlayStation, Blade's Shadow, GeForce NOW, and Blacknut. The launch of Google Stadia and Microsoft XCloud is likely to boost the platform service business even more.

How Cloud Gaming Helps in Increase of Smart Phones

Smartphones will acquire substantial market traction in the future years, thanks to the tremendous growth of mobile gaming in the previous five years. One of the advantages of this technology is its low cost. Constantly upgrading consoles and PCs to maintain gaming performance is far too costly. Upgrading consoles and customising PCs takes additional investment, while cloud gaming only requires a laptop, a 5G device, or a smart TV. This has opened the door to a new class of gamers, since it allows for more casual Cloud gaming at a lower cost.

A key aspect driving the market's growth is the ability to broadcast games from strong servers without having to download or update them. Furthermore, video streaming services enable gamers to play games from anywhere and on any device as long as they are connected to the internet. There has also been an increase in the number of high-quality games available.

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