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Cloud Gaming Market size is set to grow by USD 1.49 billion from 2024-2028, Increased availability of high-speed internet boost the market, Technavio

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NEW YORK, June 7, 2024 /PRNewswire/ — The global cloud gaming market size is estimated to grow by USD 1.49 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  9.22%  during the forecast period. Increased availability of high-speed internet is driving market growth, with a trend towards growth in mobile cloud gaming. However, infrastructural and bandwidth challenge  poses a challenge. Key market players include Advanced Micro Devices Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Apple Inc., BLACKNUT, Cloudquest Pvt. Ltd., Crytek GmbH, Intel Corp., International Business Machines Corp., Loudplay, Microsoft Corp., Nintendo Co. Ltd., NVIDIA Corp., OVH Groupe SA, Paperspace Co., Samsung Electronics Co. Ltd., Sony Group Corp., Ubitus KK, and Unity Software Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Cloud Gaming Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 9.22%

Market growth 2024-2028

USD 1493 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.52

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 50%

Key countries

US, China, Germany, Japan, and South Korea

Key companies profiled

Advanced Micro Devices Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Apple Inc., BLACKNUT, Cloudquest Pvt. Ltd., Crytek GmbH, Intel Corp., International Business Machines Corp., Loudplay, Microsoft Corp., Nintendo Co. Ltd., NVIDIA Corp., OVH Groupe SA, Paperspace Co., Samsung Electronics Co. Ltd., Sony Group Corp., Ubitus KK, and Unity Software Inc.

Market Driver

The global mobile cloud gaming market is experiencing significant growth, projected to reach USD98 billion by 2024. This expansion is driven by the convenience of playing high-quality games on the go and the increasing power of mobile devices.

Major players like Google Stadia, Microsoft xCloud, and NVIDIA GeForce Now are leading this trend, offering flexible access to games without the need for heavy hardware. The market is becoming increasingly competitive, with both established companies and new startups entering the space, providing users with more options. By 2027, the number of mobile cloud gaming users is expected to reach 1.9 billion. 

The cloud gaming market is experiencing significant growth with technologies like 5G and VR/AR leading the way. Companies are investing in cloud gaming services to provide consumers with high-quality gaming experiences without the need for expensive hardware. Cloud gaming consoles and portable laptops are popular choices for gamers, offering convenience and accessibility.

The trend towards remote work and learning is also driving demand for cloud gaming solutions. Games like Minecraft, Fortnite, and Rocket League are among the most popular choices for cloud gaming. The market is expected to continue growing as technology advances and consumer preferences shift towards more accessible and convenient gaming options. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

•         Cloud gaming’s growth is hindered by bandwidth requirements and limited Internet access in certain regions. High-speed Internet has improved accessibility, but latency remains a significant challenge. Some providers have made strides in reducing latency, but it continues to impact the global cloud gaming market. Reliable high-speed Internet infrastructure is essential for seamless cloud gaming experiences.

•         The cloud gaming market is experiencing significant growth, with games, tech companies, and video streaming platforms investing heavily in this sector. However, challenges persist. One major issue is the requirement for high-speed internet connections to ensure smooth gameplay. Another challenge is the need for advanced technology to provide realistic graphics and low latency.

•         Additionally, security concerns, such as data privacy and protection, must be addressed. Furthermore, monetization strategies, including subscription models and in-game purchases, need to be effective to generate revenue. Lastly, the market is becoming increasingly competitive, with new players constantly entering the scene. Overall, these challenges require innovative solutions to ensure the continued growth and success of the cloud gaming market.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

Application 1.1 Video streaming1.2 File streamingDevice 2.1 Gaming consoles2.2 Computing devices2.3 Smart TVs2.4 Mobile devicesGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Video streaming-  The cloud gaming market is experiencing significant growth as more businesses adopt this technology for remote work and entertainment. It allows users to access high-performance games on any device with an internet connection. Companies like Google Stadia, Microsoft xCloud, and NVIDIA GeForce Now are leading this market, providing affordable and convenient gaming solutions. This trend is expected to continue as the demand for flexible and cost-effective gaming options increases.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Cloud Gaming Market is experiencing significant growth due to the convergence of 5G technology and cloud technology. This advancement is revolutionizing the gaming sector by catering to the increasing player demand for top-tier games on portable devices, laptops, tablets, and even Smart TVs. The gaming experience is no longer tethered to specific hardware, such as gaming consoles, as remote servers handle the processing and technical complexities.

Startups and established players in the Gaming Industry are investing in Cloud Gaming and Game Design to meet the escalating interest in mobile games and Virtual Reality (VR). The integration of Cloud gaming with VR offers a new dimension to video games, enabling users to immerse themselves in a more interactive and realistic gaming environment. The future of gaming lies in the seamless integration of Cloud technology, 5G, and gaming hardware, providing unparalleled internet usage capabilities and enhancing the overall gaming experience.

Market Research Overview

The Cloud Gaming market refers to the delivery of computing power, applications, and storage over the internet, enabling users to play high-performance games on various devices without the need for local hardware. This technology is revolutionizing the gaming industry by providing access to games on demand, reducing latency, and enabling seamless multiplayer experiences.

The Cloud Gaming market is expected to grow significantly due to increasing internet penetration, advancements in technology, and the rising demand for gaming on-the-go. Consumers can enjoy a wide range of games, including AAA titles, indie games, and classic titles, all streamed directly from the cloud. Additionally, Cloud Gaming offers benefits such as automatic updates, lower upfront costs, and the ability to play on multiple devices. Overall, Cloud Gaming is transforming the way we play games and is set to become a major player in the gaming industry.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationVideo StreamingFile StreamingDeviceGaming ConsolesComputing DevicesSmart TVsMobile DevicesGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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StoneAge Named a 2025 Real Leaders® Top Impact Company Recognized for Producing Ownership Mindset and Purpose-Driven Leadership

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StoneAge, a global leader in industrial waterblast equipment, is proud to announce its inclusion in the Real Leaders® Top Impact Companies 2025 list, ranking 35th in the top 50 companies recognized. In addition to this prestigious award, StoneAge is also a finalist for the Top People award, which will be announced the first week in February. This recognition highlights the company’s dedication to fostering an ownership culture and driving positive change through its innovative Employee Stock Ownership Plan (ESOP).

DURANGO, Colo., Jan. 10, 2025 /PRNewswire-PRWeb/ — StoneAge, a global leader in industrial waterblast equipment, is proud to announce its inclusion in the Real Leaders® Top Impact Companies 2025 list, ranking 35th in the top 50 companies recognized. In addition to this prestigious award, StoneAge is also a finalist for the Top People award, which will be announced the first week in February. This recognition highlights the company’s dedication to fostering an ownership culture and driving positive change through its innovative Employee Stock Ownership Plan (ESOP).

“We are thrilled to be recognized as a 2025 Top Impact Company by Real Leaders®,” said Kerry Siggins, President and CEO of StoneAge. “Our ongoing focus on building an ownership culture and creating a workplace where everyone thrives is a significant driver in our achievement of this award.”

The Real Leaders® Impact Awards celebrate companies committed to putting a dynamic spin on capitalism to solve the world’s greatest challenges. StoneAge’s commitment to building a better, more sustainable future is rooted in its unique ownership model and core values of teamwork, self-leadership, and delivering on the StoneAge Assurance Promise.

“We are thrilled to be recognized as a 2025 Top Impact Company by Real Leaders®,” said Kerry Siggins, President and CEO of StoneAge. “Our ongoing focus on building an ownership culture and creating a workplace where everyone thrives is a significant driver in our achievement of this award. We are proud to be an employee-owned company where everyone shares in the success of the company. Our “Own It” culture and employee ownership plan are changing peoples’ lives.”

As a 100% employee-owned company, StoneAge continues to set the standard in its industry, proving that purpose-driven leadership and economic success go hand in hand. This recognition by Real Leaders® reinforces StoneAge’s commitment to making a lasting, positive impact on its employees, customers, and the world at large.

About StoneAge

StoneAge, based in Durango, CO, is a leading manufacturer of industrial waterblast equipment. The company is 100% employee-owned, fostering an “Own It” culture that empowers its team to excel personally and professionally.

About Real Leaders®

Real Leaders® is the premier platform for purpose-driven leaders dedicated to creating a better world. Its annual Top Impact Companies list recognizes businesses leading the way in positive global impact.

Media Contact
Brittany Harris, StoneAge Inc, 1 9702592869, brittany.harris@stoneagetools.com, www.stoneagetools.com

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SOURCE StoneAge Inc

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Cognizant CEO Ravi Kumar S Honored with Prestigious Pravasi Bharatiya Samman Award

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BHUBANESWAR, India, Jan. 10, 2025 /PRNewswire/ — Ravi Kumar S, CEO of Cognizant, a leading global technology company, has been honored with the prestigious Pravasi Bharatiya Samman Award, the highest accolade awarded by the Government of India for overseas Indians. The honor was conferred by Smt. Droupadi Murmu, President of India at the Pravasi Bharatiya Divas Convention in Bhubaneswar, Odisha. The award acknowledges the outstanding contributions of the Indian diaspora for creating a better understanding of India abroad, supporting India’s causes and working for the welfare of the Indian community.

“I am deeply honored to receive the Pravasi Bharatiya Samman Award,” said Ravi Kumar S, CEO, Cognizant. “This recognition is a reflection of Cognizant’s steadfast commitment to India’s growth story. With nearly 70% of our 340,000-strong global workforce based in India, we are focused on advancing AI-first capabilities, driving innovation, and reinforcing India’s position as a global leader in digital talent.”

Ravi began his distinguished career as a nuclear scientist at the Bhabha Atomic Research Center of India. His dedication to empowering both current and future talent for the jobs of tomorrow through comprehensive skilling has been a cornerstone of his career. He is also a strong advocate for social and economic mobility, championing programs that elevate education, upskilling, and the empowerment of women, especially through public-private partnerships.

Under Ravi’s leadership, Cognizant launched the groundbreaking Synapse initiative in 2024, aiming to train one million people globally in emerging technologies by 2026, with a special emphasis on AI and a focus on India. The initiative has already reached over 275,000 individuals. Synapse builds on Cognizant’s longstanding commitment to economic mobility, supported by over $70 million in philanthropic funds through 117 grants to 77 organizations globally.

For the past three decades, Cognizant has been integral to India’s growth story and is the second-largest multinational employer in the Indian technology sector. Additionally, the company, through its Foundation in India and employee-volunteering program – Cognizant Outreach, has been dedicated to uplifting underserved communities and improving everyday lives.

Ravi was named CEO of Cognizant in January 2023 and joined the board of directors for the US-India Strategic Partnership Forum in 2024. He is a member of the board of directors of TransUnion. He is also on the board of governors of New York Academy of Sciences and the board of directors for the U.S. Chamber of Commerce. His full biography can be viewed here.

For the last 30 years, Cognizant has helped companies modernize technology, reimagine processes and transform experiences so they stay ahead in an ever-changing world. By leveraging cutting-edge digital technologies like AI, cloud, and process automation, Cognizant delivers industry-specific solutions through the expertise of its global workforce, helping clients engineer intuition into their businesses. With headquarters in the US, Cognizant footprint extends from India to Europe, North America, South America and the Middle East. In India, the company has a strong presence in Bengaluru, Bhubaneswar, Chennai, Coimbatore, Delhi-NCR, Hyderabad, Indore, Kochi, Kolkata, Mangaluru, Mumbai, and Pune.

About Cognizant 
Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes, and transform experiences to stay ahead in our fast-changing world. Together, we’re improving everyday life. See how at www.cognizant.com or @cognizant.

For more information, contact:

U.S.

Name Bill Abelson

Email william.abelson@cognizant.com

Europe / APAC

Name Christina Schneider

Email christina.schneider@cognizant.com

India

Name Rashmi Vasisht

Email rashmi.vasisht@cognizant.com

 

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SOURCE Cognizant Technology Solutions Corporation

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“Transform IT. Transform Everything:” Info-Tech LIVE 2025 Registration Opens for June 2025 IT Conference in Las Vegas

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Info-Tech Research Group has opened registration for its flagship event, Info-Tech LIVE 2025, taking place June 10–12 at The Bellagio, Las Vegas. The conference will bring together more than 3,000 IT leaders and experts to explore actionable strategies and insights under the theme “Transform IT. Transform Everything.”

TORONTO, Jan. 10, 2025 /PRNewswire/ – Info-Tech Research Group, a global leader in IT research and advisory, has announced that registration is now open for Info-Tech LIVE 2025, the premier event for IT leaders, set to take place June 10–12 at The Bellagio in Las Vegas. With this year’s theme, “Transform IT. Transform Everything.”, the conference is set to deliver actionable insights, hands-on sessions, and unparalleled networking opportunities designed to equip attendees with the tools and strategies to navigate today’s rapidly evolving IT landscape.

Building on the massive success of last year’s event, Info-Tech LIVE will bring together over 3,000 IT executives, offering a platform for learning, collaboration, and inspiration. Attendees can look forward to 50+ keynote sessions, 60+ industry roundtables and panels, 60+ breakout and workshop sessions, and more than 700 opportunities for one-on-one analyst discussions. LIVE 2025 also provides extensive opportunities for peer-to-peer networking, fostering meaningful connections and collaborative discussions within the IT space.

“LIVE 2025 is designed to empower IT leaders to drive meaningful change within their organizations by equipping them with actionable strategies to tackle today’s challenges and seize tomorrow’s opportunities,” says Info-Tech Research Group’s Chief Research Officer, Gord Harrison. “While our theme for LIVE 2025 is ‘Transform IT. Transform Everything.,’ we are also emphasizing our subtheme, ‘Research for Everyone.’ This approach highlights the importance of empowering entire teams, not just individual leaders. True IT transformation happens when CIOs invest in upskilling their teams, fostering collaboration, and enabling everyone to contribute to innovation that reshapes organizations as a whole.”

Info-Tech LIVE 2025 Preliminary Agenda Highlights

LIVE 2025 will feature sessions tailored to IT leaders that focus on pressing topics and address real-world challenges, ensuring attendees leave equipped with solutions that translate theory into action. Some of the main sessions will highlight:

Emerging Technology Trends: An exploration of advancements shaping the IT landscape, with a focus on their implications for organizational strategy and innovation.AI and Analytics Strategies: Practical insights into implementing AI solutions and leveraging analytics to improve decision-making and drive business innovation.Cybersecurity Challenges and Resilience: Frameworks and approaches for managing risk and enhancing resilience in an increasingly complex cybersecurity environment.Leadership Development and Talent Strategies: Strategies for building and sustaining high-performing IT teams while addressing workforce challenges and future talent needs.Operational Efficiency and IT Transformation: Guidance on optimizing IT processes to align with broader organizational goals and achieve operational excellence.

What Info-Tech LIVE 2025 Offers the IT Industry

Expert-Led Keynotes and Panels: Sessions led by industry experts and thought leaders, offering insights into critical trends and strategies shaping the future of IT.Hands-On Workshops: Interactive sessions designed to equip participants with practical strategies and tools to address organizational challenges effectively.Peer Networking: Opportunities to connect with IT professionals and executives from a wide range of industries, fostering collaboration and knowledge sharing.One-on-One Analyst Discussions: Personalized sessions with Info-Tech’s renowned analysts, providing tailored guidance and actionable insights to support strategic initiatives.

Media Pass Applications

Media professionals, including journalists, podcasters, and influencers, are invited to attend Info-Tech LIVE 2025 to gain exclusive access to research, content, and interviews with industry leaders. For those unable to attend in person, Info-Tech offers a digital pass option, providing access to live-streamed keynotes, select sessions, and exclusive virtual interviews with speakers and analysts.

Media professionals looking to apply for in-person or digital passes can contact pr@infotech.com to secure their spot and cover the latest advancements in IT directly from the event or remotely.

Exhibitor Opportunities

Exhibitors are also invited to be part of Info-Tech LIVE and showcase their products and services to a highly engaged audience of IT decision-makers. For more information about becoming an Info-Tech LIVE exhibitor, please contact events@infotech.com.

Further details on keynote speakers and agenda will be announced in the coming weeks and months. Follow Info-Tech Research Group on LinkedIn and X for updates.

About Info-Tech Research Group

Info-Tech Research Group is one of the world’s leading research and advisory firms, proudly serving over 30,000 IT and HR professionals. The company produces unbiased, highly relevant research and provides advisory services to help leaders make strategic, timely, and well-informed decisions. For nearly 30 years, Info-Tech has partnered closely with teams to provide them with everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations.

To learn more about Info-Tech’s divisions, visit McLean & Company for HR research and advisory services and SoftwareReviews for software-buying insights. 

Media professionals can register for unrestricted access to research across IT, HR, and software and hundreds of industry analysts through the firm’s Media Insiders program. To gain access, contact pr@infotech.com.

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SOURCE Info-Tech Research Group

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