Global Cloud Gaming Market by Type, Technology Used, Services, Key Companies, Platform, Challenges, Solutions and Forecast to 2020

Cloud Gaming Industry 2021Cloud gaming is increasingly gaining popularity and has changed the way video games are played.

As the providers run the game on their servers and it is streamed to the gamer, the gamer does not have to spend hundreds of dollars on a console.

A personal computer with basic specifications along with an internet connection is enough to use cloud gaming.

However, a fast, stable internet connection with a consistent 50 Mbps downstream speed is needed for ideal cloud gaming experience.

Incorporation of cloud computing in gaming has opened up additional opportunities for advanced gaming paradigms, such as augmented reality (AR) games, virtual reality (VR) games, and context-aware games.Access Full Report Details and Order this Premium Report @https://www.absolutemarketsinsights.com/reports/Cloud-Gaming-Market-2018-2026-135Major Key Players:Some of the key participants in global Cloud Gaming Industry are IBM, NVIDIA, Ubitus Inc., Simplay, LiquidSky Software, Inc, RemoteMyApp Sp.

z o. o., GameFly, Inc., Hatch Entertainment Ltd., Cloudzen, Google Inc., Sony Corporation, Parsec Cloud, Inc., Microsoft, Crytek GmbH, Amazon Web Services, Inc., Blade, and Samsung Electronics amongst others.Key findings of the report:Among the different types of devices used for cloud gaming, the smartphones are estimated to grow at a CAGR of 30.1% during the forecast period which will lead to rise in Cloud Gaming Industry.

What is a Cloud Contact Center?A Cloud Contact Center is a comprehensive suite of tools, applications, and cloud-hosted services for contact centers that require multiple communications channels, sophisticated call routing, agent management, and analytics.

Many call centers are running their operations on old technology that cannot keep up with the way modern businesses now operate.

A cloud-based contact center is a desirable alternative compared to an on-premise call center as it uses the latest communication technology and is also cost-effective.Cloud-based call centers offer many benefits to businesses and help them continuously exceed the expectations of their customers.

It is not easy for on-premise call centers to add new channels quickly or easily update their phone menu.Efficient communications APIs have helped cloud contact centers evolve as building a cloud-based contact center using readily available APIs is now easier and faster than before.Benefits of cloud contact centersThere are many benefits of shifting from on-premise to cloud contact centers.

These advantages are the reason why many call centers have either shifted to the cloud or are thinking about it.

If the customers get stuck in a never-ending IVR menu, they will surely stop doing business with the brand.

The Cloud Gaming Market is estimated to be valued at USD 306 million in 2019 and is projected to reach USD 3,107 million by 2024, at a CAGR of 59.0%.The major driving factors are the commercialization of 5G, the rise in a number of gamers, and the upsurge of immersive and competitive gaming on mobile.

Browse 108 market data Tables and 50 Figures spread through 176 Pages and in-depth TOC on "Cloud Gaming Market - Global Forecast to 2024" Download Free PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=62740366 Game Platform Service to grow at higher CAGR in cloud gaming market during forecast periodGame platform service is expected to witness the highest growth in the coming years owing to the presence of key market players like Microsoft, Amazon Web Services, and Google.

For instance, in March 2019, Google unveiled Stadia, which is a cloud gaming service that enables instant streaming of games on TV, desktop, laptop, tablet, or smartphone and allows users to seamlessly swap between the platforms with the help of wireless controller that connects directly to Google’s cloud.

Video streaming to witness fastest growth in cloud gaming market in coming yearsVideo streaming solution relieves clients from computationally intensive graphics rendering and is ideal for clients with resource-constrained devices.

Additionally, in this approach, computational load is paid along with network load since transmitting videos is more expensive than transmitting graphics commands.

However, these gamers are attributed to have a stake of 15–25% of total sales volume, and they tend to be more price-sensitive compared to serious gamers.

 The global cloud gaming services market is anticipated to attain a CAGR of ~50% over the forecast period, i.e., 2022 – 2030.

Moreover, avid gamers make the maximum in-app purchases and actively participate in live-streaming.

Over 1.5 billion smartphones were sold in 2019.The global cloud gaming services market is estimated to grow on the back of increasing popularity of cloud gaming platforms, growing approval of gaming amongst youngsters, and easy availability of smartphones.

Such factors are estimated to boost the market growth.On the basis of regional analysis, the global cloud gaming services market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

The market in the Asia Pacific region is forecasted to attain the largest market share throughout the forecast period owing to the rapidly growing young population, as gaming is popular amongst youngsters, along with technological advancement and internet penetration in the region.The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc.

It examines key business questions as a discipline: What is the return on investment (ROI) of switching cloud providers or shifting to the cloud?

And, in comparison to a traditional on-premises solution, what is the total cost of ownership (TCO) of a cloud solution?

TCO analysis for cloud computing, on the other hand, can be difficult due to the environment being intrinsically more complicated and dynamic than on-premises setups.To calculate an appropriate TCO for cloud computing, you must account for the purchase price of on-premises vs. cloud solutions, as well as the intangible costs of both.

Therefore, make sure to figure out how much your present IT infrastructure costs, calculate the overall cost of using the cloud (including migration costs) and quantify the cloud's intangible benefits.

Switching from CAPEX to OPEXThe price mechanism for cloud computing differs from that of traditional computing, which has an impact on how firms account for costs.

The implication is that your company's cloud computing expenditures will be varied, depending on the services you utilize and how they're used.