2020 Cloud Gaming Market Forecast Analysis by Trends, Major Companies Analysis, Growth Rate by Regions, Company Overview till 2024

Cloud Gaming

The “Cloud Gaming Market” report provides a complete overview of the market trade scenario, size, segmentation, competition scenario, and others. It provides the perfect industry detailed description of the different products and service segments associated with the key players. Cloud Gaming market report includes research methodology, value chain analysis, industry analysis by the power of suppliers and consumers. Cloud Gaming market report also includes new upcoming technology of Cloud Gaming Industry that will help to our clients.

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Market Overview:

  • The cloud gaming market is expected to register a CAGR of over 15.3% during the forecast period (2019-2024). Walmart is planning to launch its own cloud gaming service. The US retail giant has conducted meetings concerning a possible streaming platform, since 2019 January.
  • – In order to utilize and harness the benefits of cloud computing, governments of developing countries are embarking on initiatives, like “GI Cloud” or ‘MeghRaj’ by Indian government (2018), and “Cloud First Strategy” by the Malaysian Government (2018). According to Egypt’s Telecom Ministry, Egypt may host the Chinese telecom company Huawei’s first cloud data platform in the Middle East and North Africa in 2019.
  • – Another factor opening new opportunities for cloud gaming is 5G, which is being adopted in the developed countries, like the US and South Korea. Several telcos, like Verizon, have started testing new cloud gaming formats on their 5G networks since January 2019. Gaming on mobiles has been limited so far to casual low-spec games. With 5G, this may radically change, enabling a newly installed base of millions of mobile devices to be gaming-ready.
  • – According to 2018 BSA Global Cloud Computing Scorecard, which ranks countries’ preparedness for the adoption and growth of cloud computing services, developing countries are scored less than developed ones when it comes to IT readiness and broadband deployment. Thus, bandwidth and latency issues may obstruct the expansion of the cloud gaming market in the emerging economies.<

    Cloud Gaming Market Covers Key Players:

  • Utomik BV
  • Nvidia Corporation
  • Numecent Holdings Ltd
  • RemoteMyApp SP ZOO
  • Parsec Cloud Inc.
  • LiquidSky Software Inc.
  • Simplay Gaming Ltd
  • Ubitus Inc.
  • Shawdow.tech (Blade SAS)

    Some Major Points Covered in Cloud Gaming Market Report:

    • Introduction and Market Overview
    • Industry Chain Analysis
    • Market, by Type
    • Market, by Application
    • Production, Value ($) by Region (2014-2019)
    • Production, Consumption, Export, Import by Regions (2014-2019)
    • Market Status and SWOT Analysis by Regions
    • Competitive Landscape
    • Analysis and Forecast by Type and Application
    • Analysis and Forecast by Region
    • New Project Feasibility Analysis
    • Research Finding and Conclusion

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    Scope of the Report:

  • Cloud gaming is an emerging technology in the gaming industry, which allows a user to stream high-end games on devices, such as laptops, tablets, and mobiles, with a good internet connection. Cloud gaming is ideal for gamers, as they have to regularly upgrade their console or PC hardware to play games, which leads to additional costs and less fun. Video streaming is gaining more traction than file streaming.

    Key Market Trends:

    Smartphones Adoption to Drive the Market Growth

    – With the increasing adoption of smartphones all over the world, many companies are introducing cloud gaming for 5G enabled smartphones. According to Cisco’s latest “Visual Networking Index (VNI)” report, India may have 800 million smartphone users by 2022.
    – Hatch released games for smartphones, launched initially in Finland (November 2018) and is now spreading to other European Countries. It has also partnered with DOCOMO to bring smartphone gaming in Japan.
    – Sprint has teamed up with Hatch Entertainment to offer mobile cloud gaming services on Sprint’s 5G network in the United States.
    – At the Mobile World Congress (MWC) Exhibition 2019, One Plus 5G smartphone was showcased and it allowed attendees to play Ace Combat 7 on the phone (via Xbox Wireless controller), which was streaming through cloud via 5G. OPPO also showcased its first 5G handset and visitors experienced cloud gaming through a live demo of Soul Calibur VI.
    – All these instances indicate that smartphones are the future for mobile gaming and with their growing adoption globally, cloud gaming through 5G may expand.

    Asia-Pacific to Witness the Highest Growth

    – Asia-Pacific is soon becoming the hub for many pilot projects of gaming companies. For instance, in March 2019, Tencent launched a website for the cloud gaming platform called “Start” and invited people in Shanghai and Guangdong, China to sign up for the test.
    – In the Asia-Pacific region, many organizations are recognizing the shortcomings of a more siloed multi-cloud strategy, and are enhancing overall business agility with hybrid cloud.
    – Chip designer Nvidia Corp partnered with SoftBank Corp and LG Uplus Corp to deploy cloud gaming servers in Japan and Korea later in 2019.
    – According to predictions by GSMA Intelligence, China may have the largest smartphone market in 2025, followed by India. Moreover, smartphone adoption in Asia-Pacific may grow from 57% in 2017 to 77% in 2025.
    – Across Asia Pacific, collaboration between mobile operators and start-ups is gaining momentum, as operators have the scale and reach that startups lack. For instance, Telenor and Axiata collaborated with startups in Asia.

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    Detailed TOC of Cloud Gaming Market Report 2020-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 5G Introduction will Promote the Growth of Cloud Gaming
    4.3.2 Government Initiatives Related to Cloud Infrastructure will Help in Market Expansion
    4.4 Market Restraints
    4.4.1 Low Bandwidth Issues is Discouraging the Market Growth in Developing Countries
    4.5 Industry Attractiveness – Porter’s Five Forces Analysis
    4.5.1 Threat of New Entrants
    4.5.2 Bargaining Power of Buyers/Consumers
    4.5.3 Bargaining Power of Suppliers
    4.5.4 Threat of Substitute Products
    4.5.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Device
    5.1.1 Smartphones
    5.1.2 Gaming Consoles
    5.1.3 PC
    5.1.4 Tablets
    5.2 By Type
    5.2.1 Video Streaming
    5.2.2 File Streaming
    5.3 Geography
    5.3.1 North America
    5.3.2 Europe
    5.3.3 Asia-Pacific
    5.3.4 Rest of the World

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Utomik BV
    6.1.2 Nvidia Corporation
    6.1.3 Numecent Holdings Ltd
    6.1.4 RemoteMyApp SP ZOO
    6.1.5 Parsec Cloud Inc.
    6.1.6 LiquidSky Software Inc.
    6.1.7 Simplay Gaming Ltd
    6.1.8 Ubitus Inc.
    6.1.9 Shawdow.tech (Blade SAS)

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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