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Cloud Gaming Market to Reach USD 126.62 Billion by 2032; Rising Demand for Mobile Gaming Solutions is Likely to Propel Growth

June 02, 2023 | Information & Technology

The global cloud gaming market size was USD 5.76 billion in 2023. The market is projected to grow from USD 9.71 billion in 2024 to USD 126.62 billion by 2032 at a CAGR of 37.9% during the 2024-2032 period. Fortune Business Insights™ publishes this information in its report titled, "Cloud Gaming Market Size, Share & COVID-19 Impact Analysis, By Device (Smartphone, Laptop/Tablets, Personal Computer, Smart TV, and Consoles), By Streaming Type (Video Streaming and File Streaming), By End-User (Casual Gamers, Avid Gamers, and Hardcore Gamers), and Regional Forecast, 2024-2032."

According to the study, the market is anticipated to witness robust growth due to rising technical development and demand for online gaming solutions. Also, the key market players focus on implementing various business growth strategies to propel growth and globalize their services. 

Stay-at-Home Regulation Imposed by Governments Across Nations to Surge Gaming Demand

The demand for cloud gaming has witnessed growth during the pandemic due to the rising demand for online games from youth and gamers. The government imposed strict restrictions and instructed people to stay at home during the lockdown. People adopted online gaming solutions with high data connectivity during the pandemic period. These factors bolstered the market growth and development in recent years.

Antstream Arcade Acquires USD 3.5 Million from Atari

Antstream Arcade, a cloud gaming platform, acquired USD 20 million in funding, from which Atari invested USD 3.5 million. The company acquired this investment on the basis of the invention and technological development of its gaming platform. Their major motive is to globalize their business and make it compatible and available on the maximum number of devices possible. These strategies will bolster organizational growth and development in the coming years.

Increasing Demand for Mobile Gaming Applications to Propel Growth 

The global cloud gaming market growth is attributed to the increasing demand for online gaming solutions by hardcore gamers and the young generation. Also, rising technological advancements and increasing investment in research & development activities are expected to drive the market growth in the coming years. Furthermore, 5G services with low latency are projected to support gaming applications. Increasing demand for mobile gaming applications in all segmented regions is anticipated to propel growth.

To get a detailed report summary and research scope of this market, click here:


New Service Launch Allows Companies to Strengthen Their Market Position

The key market players focus on expanding their business reach by increasing investment in technological development. Also, the companies aim to increase their production capabilities to improve their business performance to ensure high profitability. Furthermore, the key players adopt various strategies such as forming strategic alliances, partnerships, and mergers.

Notable Industry Developments:

  • November 2021: Antstream Arcade received USD 3.5 million in funding led by Atari Group. The company will leverage funding to expand the collection of games and businesses worldwide. The company aims to make the game available on more devices.

  • February 2021: In response to Apple Inc. limitations, Microsoft Corporation revealed that they had begun testing Xbox Cloud gaming over the web to improve user experience.

List of Key Players Covered in the Report:

  • Google Inc. (U.S.)

  • Microsoft Corporation (U.S.)

  • Amazon Inc. (U.S.)

  • Tencent (China)

  • Sony Corporation (Japan)

  • Electronic Arts, Inc. (U.S.)

  • NVIDIA Corporation (U.S.)

  • Broadmedia Corporation (Japan)

  • Intel Corporation (U.S.)

  • Blacknut (France)

Further Report Findings

  • North America is expected to dominate the global cloud gaming market share during the projected period due to the rising demand for online gaming solutions. Also, the availability of internet infrastructure is anticipated to bolster the regional market growth.

  • Based on device, the market is categorized into smartphone, laptop/tablets, personal computer, smart TV, and consoles. The smartphone segment is anticipated to grow at a higher CAGR during the forecast period due to consumers' increasing demand. Gaming laptops and PCs will witness a higher growth rate in the coming years.

Table of Segmentation



Study Period


Base Year


Estimated Year


Forecast Period


Historical Period



Value (USD billion)

Growth Rate

CAGR of 37.9% from 2024 to 2032


By Device, Streaming Type, End-User, and Region

By Device

  • Smartphone

  • Consoles

  • Laptop/Tablets

  • Smart TV

  • Personal Computer

By Streaming Type

  • Video Streaming

  • File Streaming

By End-User

  • Casual Gamers

  • Avid Gamers

  • Hardcore Gamers

By Region

  • North America (By Device, By Streaming Type, By End-User, and By Country)

    • U.S. (By End-User)

    • Canada (By End-User)

  • Europe (By Device, By Streaming Type, By End-User, and By Country)

    • U.K. (By End-User)

    • Germany (By End-User)

    • France (By End-User)

    • Rest of Europe

  • Asia Pacific (By Device, By Streaming Type, By End-User, and By Country)

    • China (By End-User)

    • Japan (By End-User)

    • India (By End-User)

    • Southeast Asia (By End-User)

    • Rest of Asia Pacific

  • Middle East & Africa (By Device, By Streaming Type, By End-User, and By Country)

    • GCC (By End-User)

    • South Africa (By End-User)

    • Rest of Middle East & Africa

  • Latin America (By Device, By Streaming Type, By End-User, and By Country)

    • Brazil (By End-User)

    • Mexico (By End-User)

    • Rest of Latin America

Cloud Gaming Market
  • PDF
  • 2023
  • 2019-2022
  • 140


  • 4850

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