Cloud Gaming is fastest growing segment fueling the growth of the Global Cloud Gaming Market
Cloud Gaming Market The global Cloud Gaming Market is estimated to be valued at US$ 513.48 Mn in 2023 and is expected to exhibit a CAGR of 42% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Cloud gaming enables gamers to play AAA games on any device without the need for expensive console or gaming PC hardware. It allows users to enjoy high-end graphics intensive games instantly on a wider range of devices through cloud-based servers. Market key trends: One of the major trend in the cloud gaming market is the increasing adoption of 5G technology. As 5G delivers faster connectivity speed and lower latency compared to 4G, it is perfect for cloud gaming. 5G networks will help improve graphics and boost the responsiveness of gameplay. This will significantly boost the adoption of cloud gaming as latency issues will be eliminated with 5G network connectivity. Segment Analysis The global cloud gaming marke...