According to the latest market research study, the global cloud gaming market is expected to grow at a CAGR of close to 29% during the forecast period 2017-2021.
This report by Technavio provides an in-depth analysis of the global cloud gaming market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the platform type
|
PLATFORM TYPE |
MARKET SHARE 2016 (%) |
|
Gaming Consoles |
40.00% |
|
Computing Devices |
35.00% |
|
Smart TVs |
15.00% |
|
Mobile Devices |
10.00% |
Source: Technavio
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The top three revenue contributing product segments are discussed below
Cloud gaming market by gaming consoles: Vendors in the market are focusing on the development of enhanced features to improve the gaming experiences for consumers on cloud. Moreover, game developers in the market are developing games for only one platform, which helps them to reduce development costs and time. For instance, Advanced Micro Devices is developing a semiconductor that will provide hardware for both PlayStation and Xbox, making it a stand-alone console for PC gaming.
“Technological developments will enable users to experience extraordinary graphical gaming with high resolutions. These devices allow users to choose from a wide variety of games, which is boosting the sales of gaming consoles in the market,” says Ujjwal P Doshi, a lead analyst at Technavio for research on gaming.
Cloud gaming market by computing devices: The increasing innovation in technology such as gaming laptops is driving the demand in this market segment. These are hybrid laptops that require highly developed cloud infrastructure. Moreover, vendors are offering hardcore gamers an option to customize their PCs to boost the graphics output and increase their profitability.
Global cloud gaming market by smart TVs: The ability to connect smart TVs to the internet and play games on the cloud is increasing the popularity of these products. Countries like India, China, and South Korea are leading in the development of enhanced and innovative smart TVs in the market. These systems are also offering improved video and graphic quality to the end-users.
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The top vendors operating in the global cloud gaming market are:
- Microsoft
- NVIDIA
- PlayGiga
- Playkey
- Sony
The other prominent vendors in the market include Amazon Web Services, CiiNOW, Crytek, GamingCloud, Google, Happy Cloud, IBM, Kalydo, LiquidSky Software, Playcast Media Systems, Samsung Electronics, Sling Media, TransGaming, Ubitus, Utomik, and Valve.
A more detailed analysis is available in the Technavio report titled, ‘Global Cloud Gaming Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Gaming Market 2016-2020
- Global Cloud Computing Market in Higher Education 2016-2020
- Global Social Gaming Market 2015-2019
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