Site icon

Cloud gaming market size predicted to be worth $7.24 billion by 2027

The global cloud gaming market size is expected to reach US$7.24 billion by 2027, according to a new study by Grand View Research, expanding at a compound annual growth rate of 47.9% over the forecast period. 

The research group says developments in cloud technology have enabled the rapid distribution of cloud gaming models. Cloud gaming enables remote access to interactive games and streaming videos over the internet. It also allows devices to smoothly run various high-quality next-generation games with lower computational power. These factors are anticipated to drive the market growth over the forecast period, says Grand View Research.

Rising investments in 5G technology and access to numerous games on the cloud at affordable prices are also expected to contribute to market growth, the research group adds. What’s rmore, market players are observed partnering with telecom companies to deliver cloud gaming services globally. Other highlights from the report:

Exit mobile version