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.

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Segmentation of Market: Cloud Gaming

The cloud gaming market has been segmented in terms of type, gaming system, deployment, and end-user.

In terms of type, the cloud gaming market has included video streaming and file streaming. The video streaming segment grabbed the larger market share back in 2018, with a value of 853.87. In the current time, the file streaming segment might register a higher CAGR of 28.11% during the forecast period.

In terms of deployment, the market has been categorized into private, hybrid, and public clouds. The private cloud grabbed a value of USD 544.76 million back in 2018. Whereas now, the hybrid might exhibit the highest CAGR.

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About Market Research Future:

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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