Cloud Gaming Market Size, Share, Growth Analysis, By Type(File Streaming, Video Streaming), By Device(Smartphones, Tablets, Gaming Consoles, PCs & Laptops), By Gamer Type(Casual Gamers, Avid Gamers, Lifestyle Gamers), By Deployment(Public Cloud, Hybrid Cloud, Private Cloud), By Offering(Infrastructure, Compute, Memory, Storage), By Gaming System(PlayStation, Stream My Game, Steam in Home Streaming, Remote Play), By Region - Industry Forecast 2024-2031

Asia-Pacific held the largest market share in the global cloud gaming market in 2021. With the rise in popularity of cloud infrastructure, it is now easier to access a wide range of computing, storage, and communication resources in a reliable, cost-effective, and low-maintenance manner. Gaming services have been classified as one of the fastest growing cloud computing industries in China, and many applications can benefit from these cloud computing capabilities. More cloud-based game operations and development are planned in the future, especially for mobile games. The potential market for on-demand games in homes in China with very high-speed connections is limited by the better compatibility of cloud gaming with IPTV and current technological limitations on streaming.

North America is expected to grow at a CAGR of 43.5% during the forecast period. According to the Entertainment Software Association, 65% of American adults enjoy playing video games. Esports viewership in the US is projected to surpass all other major sports leagues in 2021 with the exception of the NFL. The high penetration of desktops, laptops, and even smartphones in the country allows for rapid growth in cloud gaming. Cloud gaming services combine hyperscale cloud capabilities, global content delivery networks, and streaming media services to create a next-generation platform for interactive, immersive, and social entertainment. The rapid demand for the product in the US is facilitated by the deployment of edge data centers throughout the country and the general accessibility of cloud gaming.