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Global Cloud Gaming Market Will Reach $12B by 2026, Growing 1200% From 2021
HomeNewsGlobal Cloud Gaming Market Will Reach $12B by 2026, Growing 1200% From 2021

Global Cloud Gaming Market Will Reach $12B by 2026, Growing 1200% From 2021

Nellius Mukuhi
Nellius Mukuhi
January 31st, 2023
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  • Gaming habits have shifted from buying physical copies of games to subscription-based services that stream content directly to users’ devices.
  • Cloud gaming eliminates the need for expensive hardware and gives gamers access to a more extensive library of titles at any given time.

Cloud gaming can offer players of all levels an enjoyable, hassle-free way to enjoy their favourite games without investing in costly hardware or software purchases. With the rise in popularity of subscription services such as Netflix and Spotify, cloud gaming has become an even more attractive option. Developers are increasingly focused on creating innovative experiences that appeal to newcomers and experienced players, resulting in the remarkable growth of the global cloud-gaming market. According to BanklessTimes.com, the global cloud gaming market is expected to grow 1200% from 2021 and reach $12B by 2026.

Speaking on the data, the CEO of BanklessTimes, Jonathan Merry, said:

Cloud gaming is gaining fame at a higher speed. It enables gamers to enjoy the game without owning a full-featured console or a gaming PC. With cloud gaming, gamers can play their favorite games on any device at any time without spending a fortune. The growth of the cloud gaming market is being driven by several factors, including increased internet speeds, the popularity of subscription models, and improved technology that allows for better game performance and graphics.
BanklessTimes CEO, Jonathan Merry

Why Is Cloud Gaming Popular?

Cloud gaming is becoming increasingly popular amongst casual and hardcore gamers as it eliminates hardware restrictions. This allows developers to focus on creating innovative experiences that appeal to both new and seasoned players alike. It also allows users to access the same titles across multiple platforms, eliminating the need for platform-specific versions.

Cloud gaming also allows users to access exclusive titles that may not be available on physical consoles or gaming PCs. This opens up exciting possibilities for indie developers, who can now reach wider audiences with their games. The increased availability of cloud gaming options is set to revolutionize how people play and experience video games.

No More Hardware Restrictions While Gaming!

Cloud gaming is eliminating the hardware restriction on game access. Thus, the most noticeable impact will be on AAA games. These games could not run at all or could only offer an essential, scaled-down gaming experience on essential-generation PCs or consoles. By overcoming this obstacle, it may be possible to enter a previously neglected market where consumers were eager to pay for a particular title but hesitant to invest much money upfront on the necessary hardware setup.

Even more connections exist between cloud gaming and popular games. Such massive games require significant marketing activities, often led by the game publisher. Cloud gaming providers can increase the effectiveness of their marketing campaigns by delivering and promoting AAA titles. To draw users, cloud platforms like Google Stadia and GeForce Now are emphasizing AAA content, which is not surprising.

Cloud Gaming Is Taking Over the Gaming Industry

Declaring cloud gaming as the new popular way to play games may be premature. But there is little doubt that the industry is approaching a turning moment. The rapid rise of cloud gaming is one of the most exciting developments in the industry. As it continues to grow, its impact on gaming will become more evident. Cloud gaming could open new opportunities for gamers and developers alike and change the way people experience video games forever.

The future of cloud gaming appears bright as more providers enter the market and consumers become more familiar with the technology. As cloud gaming matures, it will likely impact how people play video games significantly. With its vast innovation potential, there is no telling where this technology may take us next.

Contributors

Nellius Mukuhi
Writer
Nellius is a cryptocurrency investor and journalist who has been in the nascent space since 2018. She is a seasoned writer who loves to travel and focuses on delivering relevant, valuable content for audiences.