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The global cloud gaming market size was USD 3.37 billion in 2022. The market is projected to grow from USD 5.76 billion in 2023 to USD 84.97 billion by 2030 at a CAGR of 46.9% during the 2023-2030 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, 2023-2030."
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.
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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:
List of Key Players Covered in the Report:
Further Report Findings
Table of Segmentation
Value (USD billion)
CAGR of 46.9% from 2023 to 2030
By Device, Streaming Type, End-User, and Region
By Streaming Type