Cloud Gaming Global Market Report 2024

The global cloud gaming market has grown exponentially in recent years. It will grow from $9.67 billion in 2023 to $13.89 billion in 2024 at a compound annual growth rate (CAGR) of 43.6%. The growth observed in the historical period can be attributed to the expansion of the gaming industry, the surge in mobile gaming popularity, the widespread use of smart devices, the availability of cost-effective gaming solutions, reduced latency, and enhanced cross-platform compatibility.

The global cloud gaming market is expected to see exponential growth in the next few years. It will grow to $61.79 billion in 2028 at a compound annual growth rate (CAGR) of 45.2%. The anticipated growth in the forecast period can be attributed to the emergence of game streaming platforms, the global expansion of cloud services, improvements in internet speeds, a heightened focus on social gaming, integration with smart TVs, and the expansion of gaming content libraries. Major trends expected in the forecast period include the expansion of 5G networks, the adoption of subscription-based gaming models, integration with smart devices, the incorporation of AI and machine learning, advancements in game streaming technologies, and increased partnerships with game developers.

The anticipated growth in internet penetration is set to drive the expansion of the cloud gaming market. Internet penetration, denoting the percentage of the population with internet access, is a pivotal factor supporting cloud gaming by facilitating game access and connections to remote servers. As of June 2021, the International Telecommunication Union reported a global internet user base of 4.9 billion, representing 63% of the world's population. With an expected 17% increase by the end of 2024, the rising penetration of the internet serves as a catalyst for the growth of the cloud gaming market.

The increasing demand for online gaming is poised to propel the cloud gaming market forward. Online gaming, characterized by multiplayer interactions over the internet, is witnessing substantial growth. As of 2022, approximately 3.2 billion global online gamers were reported, with projections indicating a further increase to 5.7 billion by 2032, signifying a 44% growth from 2022. This surge in online gaming demand is a driving force behind the growth of the cloud gaming market, offering players the ability to stream and play games in real-time without the need for powerful local hardware.

A prominent trend in the cloud gaming market is the focus on technological advancements by major industry players. Companies are actively developing and implementing advanced technologies to sustain their market positions. Notably, in October 2021, Nvidia Corporation launched GeForce NOW, a cloud-based gaming platform providing over 39 petaflops of graphics processing power. Leveraging technologies like NVIDIA Adaptive Sync, this platform enhances connectivity across multiple devices, ensuring a seamless gaming experience.

To meet the escalating demand in the gaming industry, major players are introducing new platforms, such as GoGames.Run, in the cloud gaming market. GoGames.Run, launched by ATechnos in May 2021, stands as a premium cloud gaming as a service platform, offering a diverse portfolio of over 500 games spanning various genres. Designed to cater to publishers, developers, and gamification programs, this platform enables quick integration, revenue generation for developers, and engaging campaigns to boost user engagement.

In November 2021, Intel Corporation strategically enhanced its gaming-on-demand offerings by acquiring RemoteMyApp, a Poland-based company specializing in cloud gaming technologies. This acquisition positions Intel to enter new segments of the cloud gaming sector, aligning with the company's vision for continued growth in the dynamic gaming industry.

Major companies operating in the cloud gaming market report are Amazon.com Inc., Google LLC, Intel Corporation, Microsoft Corporation, NVIDIA Corporation, Sony Interactive Entertainment LLC, Ubitus Inc., Tencent Holdings Limited, Electronic Arts Inc., International Business Machines Corporation, Vortex Inc., Playgiga Inc., Blacknut SAS, AMD Cloud Gaming Inc., Hatch Entertainment Ltd., Advanced Micro Devices Inc., Alibaba Group Holding Limited, Crytek GmbH, Playkey Inc., Gamefly Inc., LiquidSky Software Inc., Nintendo Co. Ltd., 2K Games Inc., Ubisoft Entertainment SA, Activision Blizzard Inc., Square Enix Holdings Co. Ltd., Capcom Co. Ltd., Konami Holdings Corporation, Bandai Namco Entertainment Inc., Sega Corporation, Nexon Co. Ltd., NetEase Inc., Perfect World Co. Ltd., Kingsoft Corporation Limited, G-Cluster Global Corporation, Shadow Technologies SAS, and Rainway Inc.

Asia-Pacific was the largest region in the cloud gaming market in 2023. The regions covered in the cloud gaming market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cloud gaming market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

In the cloud gaming market, gaming types include video streaming and file streaming. Video streaming involves continuous Internet delivery of data from a video file, attracting a significant daily viewership. The offerings encompass infrastructure and game platform services, catering to various devices such as smartphones, tablets, gaming consoles, PCs, laptops, smart TVs, and head-mounted displays. This service is utilized by a diverse range of end-users, including casual gamers, avid gamers, and hardcore gamers.

This report provides cloud gaming market statistics, including cloud gaming industry global market size, regional shares, competitors with a cloud gaming market share, detailed cloud gaming market segments, market trends and opportunities, and any further data you may need to thrive in the cloud gaming industry. This cloud gaming market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The cloud gaming market includes revenues earned by entities by providing video streaming and film streaming. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.