Pune, India, Feb. 13, 2023 (GLOBE NEWSWIRE) — The global Cloud gaming market size amounted to USD 1.72 billion in 2021. The market size is expected to increase from USD 3.24 billion in 2022 to USD 40.81 billion in 2029 at a CAGR of 43.6% over the forecast period. The market size in North America was estimated at USD 0.54 billion in 2021. Fortune Business Insights™ publishes this information in a report titled Cloud Gaming Market Forecast, 2023-2029.
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Report scope and segmentation
| report coverage | details |
| forecast period | 2022 to 2029 |
| Forecast period 2022 to 2029 CAGR | 43.6% |
| Value prognosis 2029 | $40.81 billion |
| base year | 2021 |
| Cloud gaming market size in 2021 | $1.72 billion |
| Historical data for | 2018 to 2020 |
| number of pages | 140 |
| segments covered | device, streaming, end user, |
| Growth drivers of the cloud gaming market | The ability of the low latency 5G technology to propel the growth of the cloud gaming market |
| Latency and responsiveness issues hamper market potential |
The central theses
- The cloud gaming market is expected to flourish and reach USD 40.81 billion in 2029
- Cloud gaming amplifies the growing trend of cloud-based mobile gaming and should boost the market.
- Market players are trying to break down technological barriers and the high costs involved in order to attract all kinds of existing players into the world.
- The increased availability of low-cost internet subscriptions and investment in 5G technology should further increase gaming opportunities.
- North America cloud gaming market size was US$0.54 billion in 2021
Browse full report details: https://www.fortunebusinessinsights.com/cloud-gaming-market-102495
Driver & restraint systems:
- The growth of the market is expected to increase significantly owing to the investment push of large companies and the increasing implementation of cutting-edge technologies.
- Market leaders strive to improve online gaming solutions for a superior gaming experience.
- The 5G technology…
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