Global Cloud Gaming Market 2018-2022 | Penetration of Cloud Gaming in a Multiplayer Scenario to Boost Growth | Technavio
LONDON--(BUSINESS WIRE)--Oct 4, 2018-- analysts forecast the global cloud gaming market to grow at a CAGR of over 30% during the forecast period, according to their latest market research report.
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Technavio has published a new market research report on the global cloud gaming market from 2018-2022. (Graphic: Business Wire)
The penetration of cloud gaming in a multiplayer scenario is one of the major trends being witnessed in the . Cloud gaming is gaining substantial traction in the industry because it involves multiplayer gaming within the same game environment and allows gamers to connect with a large online gamer population. Furthermore, the increasing popularity of cloud gaming in multiplayer games is due to the range of benefits it provides to the users, such as reducing the installation costs and time, providing good network connectivity, enabling gameplay without the need for downloads and installations, and offering click-and-play feature. Thus, the penetration of cloud gaming in the multiplayer scenario is a major trend being witnessed in the cloud gaming market.
According to Technavio analysts, one of the key factors contributing to the growth of the global cloud gaming market is the reduction of data storage and ease of accessibility:
Global cloud gaming market: Reduction of data storage and ease of accessibility
Cloud gaming does not require physical copies of software, which is a major factor that drives the cloud gaming market as the cloud constantly updates and provides backup of the games stored on the cloud platform. This decreases the overall cost of gaming substantially and provides easy accessibility to the users. Moreover, cloud gaming service providers offer games based on the pay-per-use model as opposed to frequent investments that are incurred on physical copies for consoles and PCs. Thus, cloud gaming is a cost-effective solution for consumers and game developers, thus, contributing significantly to the growth of the global cloud gaming market.
According to a senior analyst at Technavio for research on gaming, “Apart from factors such as reduction of data storage and ease of accessibility, other major aspects such as easy availability of updated versions, increasing use of cloud gamifications and cross-platform gaming experience is boosting the growth of the global cloud gaming market”
Global cloud gaming market: Segmentation analysis
The global cloud gaming market research report provides market segmentation by type (video streaming and file streaming), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The Americas held the largest share of the market in 2017, accounting for over 39% share, followed by the APAC and EMEA respectively. However, during the forecast period, the APAC region is expected to register the highest incremental growth followed by the EMEA region.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market sizing Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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INDUSTRY KEYWORD: ENTERTAINMENT ELECTRONIC GAMES
SOURCE: Technavio Research
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