Cloud gaming enables enthusiasts to play online games with a console and an internet connection. Because there is no need for expensive gaming consoles, the global market for cloud gaming is anticipated to grow during the forecast period. One end device, such as a laptop or smartphone, strong internet connectivity, and a subscription from the cloud game provider are all that are needed for the cloud gaming service. The rising global use of high-speed Internet connectivity is expected to significantly drive the growth of the global cloud gaming market from 2021 to 2028. Due to new and advanced technologies like 5G and Wi-Fi 6, the number of people who use high-speed internet connections is growing quickly around the world. The U.S. is also expecting to see a strong growth in this area. During the forecast period, the growth of the market is likely to be driven by consumer electronics like the growing smartphone market. As the devices get cheaper and easier to buy, the number of people who want them has also gone up. In developing markets like India and China, smartphone sales have been going up in recent years.
Between 2021 and 2028, the global Cloud gaming market is projected to grow at a CAGR of 42.3%.
Key Companies in the Cloud Gaming Industry:
1. Amazon Web Services Inc.
Amazon Web Services Inc. is a subsidiary of Amazon that provides on-demand cloud computing platforms and APIs to individuals, companies, and governments, on a metered, pay-as-you-go basis. It was founded in 2006 and headquartered in Seattle, Washington. It operates in over 240 countries and territories across the globe. In March 2022, Amazon released AWS for Games, a set of products and services from AWS and its partners made especially for the gaming business. It's the latest thing Amazon Web Services and its rivals are doing to show how big of a business opportunity gaming is for cloud providers.
2. Apple, Inc.
Apple, Inc. is an American multinational technology company, was founded in 1976 and headquartered in California, United States. It operates in 175 countries around the world. In Jan 2023, Apple seek out to stop the CMA from looking into the market for cloud-based games.
3. Electronic Arts, Inc.
Electronic Arts, Inc. is an American video game company, was founded in1982 and headquartered in California, US. It has businesses in sixteen different countries on four continents: Asia, Europe, North America, and Australia. Some of these countries include the United States, Spain, Sweden, Finland, Ireland, Singapore, and India.
4. Google Inc.
Google Inc. focuses on artificial intelligence, online advertising, search engine technology, cloud computing, computer software, quantum computing, e-commerce, and consumer electronics, was founded in 1998 and headquartered in California, United States. It operates in more than 41 countries. Google said in 2022 that its cloud game service would be coming to more countries, such as Belgium, the Netherlands, and Poland. Google also said that it would add a new feature to Stadia called "State Share," which will let players share their game progress with friends.
5. Intel Corporation
Intel Corporation was founded in 1968 and headquartered in California, United States. It has 170 office locations and in countries China, Mexico, Singapore, Turkey, United Arab Emirates, United Kingdom. Intel presented customers to a flexible, general-purpose graphics processing unit (GPU) for the data center and the intelligent visual cloud with the Intel® Data Center GPU Flex Series in 2022. According to news from May 2023, Intel has added to the Intel Flex Series GPU's production-level software since it was first released. This includes new support for Windows cloud games, AI inference, and making digital content.
6. International Business Machines Corporation
International Business Machines Corporation is an American multinational technology corporation, was founded in 1911 and headquartered in New York, United States. It operates in 170 countries.
7. Microsoft Corporation
Microsoft Corporation was founded by Bill Gates and Paul Allen on April 4, 1975, to develop and sell BASIC interpreters for the Altair 8800, and headquartered in Washington, United States. It operates in more than 100 countries worldwide. In March 2023, Microsoft Corp. and Boosteroid announced that they will collaborate together for the next 10 years to bring Xbox PC games to Boosteroid's cloud gaming platform. Boosteroid's software is made in Ukraine, and the company now has more than 4 million users around the world. This makes it the biggest independent cloud gaming provider in the world.
8. NVIDIA Corporation
NVIDIA Corporation was founded in 1993 and headquartered in California, U.S. It operates in thirty-seven different countries with more than fifty offices worldwide.
9. Sony Interactive Entertainment LLC
Sony Interactive Entertainment LLC is a multinational American video game and digital entertainment company owned by the Japanese multinational conglomerate Sony. It was founded in 1993 and headquartered in California, US. It operates in 21 countries around the world.
10. Ubitus Inc.
Ubitus Inc. operates as a cloud game technology company, was founded in 2013 and headquartered in Tokyo, Japan. It has offices in the US, Japan, South Korea, and Mainland China. In March 2023, Ubitus K.K. and Google Cloud have formed a new partnership to help the games business move forward with cloud streaming. Under the agreement, Ubitus has picked Google Cloud as its main cloud provider and will run most of its workloads on Google Cloud.
*Definition: Cloud gaming, sometimes called gaming on demand or game streaming, is a type of online gaming that runs video games on remote servers and streams them directly to a user's device,
