Insight of Industry

According to Market Research Future, the cloud gaming market is likely to attain a significant growth amid COVID 19 pandemic, recorded to be 24.6% CAGR during the forecast period of 2016-2023 owing to some of the influential factors effecting actively. At this growth rate, the market will gather a value of 3,806.52 million in the same timeframe.

Top Impacting Factors

The worldwide cloud gaming market is on track to create higher sales of the services with the advent of 5G technology. This technology has marked a new beginning in the connectivity landscape and brought a considerable fundamental shift in the gaming industry. MRFR finds that countries around the world are investing heavily in 5G technology to gain broader microeconomic advantages. Countries such as the U.S., China, South Korea, and Japan have made significant strides toward bolstering the 5G infrastructure. The 5G technology is a next-generation wireless technology that can facilitate faster data transmission speeds. As the cloud gaming platform requires high transmission speeds of 10 Mbps, the employment of the 5G infrastructure serves as a critical enabling factor, thus, allowing companies to launch advanced platforms of gaming globally. These factors have strongly affected the growth mechanism of the cloud gaming market, resulting in high growth in recent years.

The 5G technology has also effectively dealt with various latency issues, offering users a seamless gaming experience as well as promoting the usage of cloud gaming platforms. Early reports show that some cloud gaming platforms have dropped since launch. This may be linked to the technical aspects of cloud gaming. In the case of point, Stadia struggled with a steady flow of technical scale since its launch, while GeForce Now had licensing issues with publishers.

Get Free Sample Copy of the Report @ https://www.marketresearchfuture.com/sample_request/1368

Regional Framework

The Asia Pacific cloud gaming market is predicted to expand at a CAGR of 46% and more from 2019 to 2025 owing to the rising number of 5G infrastructure development initiatives in the region. In the case of point, the significant south Korea-based telecom providers, LG Uplus, Korea Telecom, and S.K. Telecom, launched 5G mobile networks nationwide in April 2019. The expanding adoption of Smartphones & gaming consoles and frequently swelling online population have created numerous opportunities to stimulate the size of the market. In fact, the cost-effective nature of cloud gaming platforms is encouraging its usage across various new customer classes.

Europe recorded over 34% share in 2018 owing to the existence of a large number of gaming enthusiasts and high penetration of gaming consoles such as PlayStation and Xbox. The companies functioning in the landscape are introducing their product offerings in countries of the UK, France, Germany, and the Netherlands concerning the incidence of robust and high-speed connectivity architecture in the region.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/cloud-gaming-market-1368

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future

Contact: +1 646 845 9312

Email: sales@marketresearchfuture.com