Based on a new study from Reportlinker, the global cloud gaming market is expected to grow by $5.73 billion between 2022 and 2026. This means that the industry will experience a compound annual growth rate (CAGR) of 31.13% during this forecast period.
“This study identifies the rising popularity of e-sports as one of the prime reasons driving the cloud gaming market growth during the next few years,” the report says. “Also, technological advances and an increasing number of strategic alliances will lead to sizable demand in the market.”
This report provides an analysis of the market as well as insights into 25 vendors from within this sector. Some of the driving forces behind the market’s growth that were identified in this report include cost savings, quick onboarding, and the adoption of 5G technologies.
(All information was provided by Reportlinker)