According to a recent report, the revenue generated by China’s cloud gaming market is expected to grow at a compound annual rate of 135% from 2020 to 2023. The industry forecast report was jointly released by Newzoo and the Tencent research institute.
The report also showed that the estimated global average CAGR for the cloud gaming industry over the same period was 101%. This 24% difference signifies China’s emergence as one of the world’s leading cloud gaming markets.
The number of cloud gamers in China is expected to hit 60.65 million by the end of this year. Furthermore, the report revealed an 81% increase in cloud gaming patent activity in the country.
(All information was provided by The Rahnuma Daily)