Description

Continuous technological advancements in the gaming industry are significantly propelling the industry’s growth. They are enhancing the way games are and improving the overall gaming experience of the users.
Game developers across emerging economies are continually striving to enhance the gaming experience by launching and rewriting codes for diverse consoles/platforms, such as PlayStation, Xbox, and Windows PC. Incorporated into a standalone product provided to gamers through a cloud platform.
The rising internet connectivity, increasing adoption of smartphones, and the advent of high bandwidth network connectivity. Such as 5G, have further increased the demand in the gaming market across the globe. According to the GSMA report, as of November 2021, 170 mobile operators launched commercial 5G services with 7% population penetration at the end of 2021, thereby opening new opportunities for mobile vendors to introduce 5G smartphones in the market.
According to the statistics published by DataReporal, the number of internet users increased by 7.7% in 2021 compared to 2020. Moreover, the number increased by 4% to 4,950 million in January 2022 compared to January 2021. When the users totaled 4,758 million.
Cloud gaming services focus on leveraging hyper-scale cloud capabilities. Streaming media services, and global content delivery networks to build the next generation of social entertainment platforms. These factors have an anticipated positive impact on market growth.
Leveraging cloud technology in the gaming market is likely to drive the demand and engagement of multi-players for different games, boosting the market growth during the forecast period.
Gaming Industry Segments
Gaming is as playing electronic games conducted through multiple varieties of means. Such as through the use of computers, smartphones, and consoles. There is an increasing prevalence of high-speed internet connections. Especially in emerging economies, which has made online practical for more people in recent years.
The gaming market is growing with the increasing per capita income. Growing interest, and the rising number of dual-income households, augment the transformation of the global market. With the increasing usage of smartphones and consoles and cloud penetration, the market shows high potential growth in the future. The Gaming Market is Segmented by Type (Console, Tablet, Smartphone, Downloaded/Box PC, and Browser PC) and Geography. The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.