High-quality game streaming via the cloud is made simpler by 5G technology’s quicker internet speeds, lower latency, and increased connectivity.Ĭloud Gaming Market Key Players Covered in the Report are: The market is being driven by the increasing uptake of 5G technologies. The mobile gaming experience is enhanced by cloud gaming, which enables users to play top-notch games on their mobile devices without the need for expensive hardware. The market for cloud gaming is being driven by the growing appeal of mobile gaming. Cloud gaming makes gaming more accessible to a wider audience by allowing players to play games on-demand without the need for expensive gaming hardware. One of the key factors propelling the cloud gaming industry is the rising demand for on-demand gaming. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes. The global Cloud Gaming market was valued at USD 194.5 million in 2022 and is projected to reach USD 1499 million by 2029, at a CAGR of 33.9% during the forecast period.

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