Technology

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

Published

6 months ago

July 22, 2024

NEW YORK, July 22, 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 – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Video streaming and File streaming), Device (Gaming consoles, Computing devices, Smart TVs, and Mobile devices), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)

Region Covered

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

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.

Key Market Trends Fueling Growth

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.

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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 – Download a Sample Report

Segment Overview

This cloud gaming market report extensively covers market segmentation by

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 (2018 – 2022) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global subscription-based gaming market is experiencing significant growth, driven by increasing demand for convenient, on-demand gaming experiences. Major players like Xbox Game Pass and PlayStation Plus are leading the charge, offering extensive libraries of games for a monthly fee. Concurrently, the global gaming market continues to expand, fueled by advancements in technology, the rise of mobile gaming, and the growing popularity of eSports. Together, these trends are shaping the future of the gaming industry, providing diverse and immersive experiences for gamers worldwide.

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

Technology

Docking Drawer to Revolutionize Appliance Garage Safety at KBIS 2025

Published

14 minutes ago

January 11, 2025

Docking Drawer, the leader in in-drawer outlet solutions, is set to showcase its newly configured Safety Interlock Outlets for appliance garages at the Kitchen & Bath Industry Show (KBIS) in Las Vegas this February 2025.

SAN RAMON, Calif., Jan. 11, 2025 /PRNewswire-PRWeb/ — Docking Drawer’s Unwavering Dedication to Safety

“At Docking Drawer, we’re not just creating products; we’re setting new standards for safety and functionality.”

When it comes to safety, no one in the industry matches the focus and innovation of Docking Drawer. Their Safety Interlock Outlets for appliance garages bring a unique, forward-thinking solution to an often-overlooked area in kitchen design. These safety outlets automatically de-energize an appliance garage power source when the cabinet door is closed, ensuring that appliances are safely powered off when contained inside the cabinet.

Docking Drawer is also the only company dedicated to creating in-cabinet electrical solutions that meet the strict code requirements of the Canadian marketplace. Their Safety Interlock Outlets are designed to make in-cabinet electricity compliant in Canada while offering consumers in all regions an additional layer of safety for in-cabinet power.

Advanced Limit Switch Technology

Docking Drawer’s Safety Interlock Outlets for appliance garages utilize an advanced Limit Switch system, designed to work seamlessly with power outlets concealed by a cabinet door. This intuitive feature detects when the cabinet door is closed, instantly cutting power to the connected outlet and all powered appliances.

Now Compatible with Any Appliance Garage Door

An updated Limit Switch feature now offers different switch options to accommodate all appliance garage door types, including traditional cabinet doors, pocket door setups, and more. The newly designed Limit Switch now offers two functions to choose from:

Power Off When Limit Switch is Depressed: This state is ideal for traditional cabinet doors, where closing the door depresses the switch to cut power safely.Power On When Limit Switch is Depressed: This state is perfect for pocket doors, where the door being pushed back upon opening activates the switch, turning the power on.

Customizable Connectivity

The flexibility of Docking Drawer’s solutions also allows for connecting multiple limit switches to a single safety outlet or vice versa, offering customization options to adapt to the unique demands of any project.

“At Docking Drawer, we’re not just creating products; we’re setting new standards for safety and functionality,” states Scott Dickey, founder of Docking Drawer. “Our Safety Interlock Outlets represent the culmination of our dedication to innovation and empowering homeowners and professionals with safer, more organized spaces—even beyond the kitchen and bathroom.”

Join Us at KBIS 2025

Don’t miss the opportunity to experience the future of kitchen safety. Visit Docking Drawer at KBIS 2025 in Las Vegas this February to see firsthand how their Safety Interlock Outlets are revolutionizing appliance garage safety.

About Docking Drawer:

Founded in 2014, Docking Drawer offers a full array of ETL Listed electrical solutions. From our core in-drawer outlets developed specifically for use inside the drawer to our family of safety interlock outlets which add peace of mind to in-cabinet electrical setups, our products are designed to create more organized, functional and safer spaces.

Media Contact

Paul Hostelley, Docking Drawer, 1 530-362-5055, paul@dockingdrawer.com, dockingdrawer.com

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SOURCE Docking Drawer

Technology

More than 85 Governments to Gather in Riyadh to Lead Global Action on Minerals at Fourth Future Minerals Forum

Published

1 hour ago

January 11, 2025

RIYADH, Saudi Arabia, Jan. 11, 2025 /PRNewswire/ — Over 85 governments from key mineral-producing and consumer nations, including 16 countries from the leading G20 economies, and 50 ministers and 13 vice ministers – have confirmed they will join the 2025 FMF Ministerial Roundtable on January 14, 2025.

The Ministerial Roundtable, a multi-stakeholder, government-led initiative, is the traditional opener of FMF, spurring international action to increase investment in mineral supply and build capacity in the Super Region of Africa, Western and Central Asia, and other supply regions. It is set to be the largest and most senior gathering of mineral resources officials in the world

Discussion will cover progress made over the past year on the three Ministerial Roundtable initiatives:

Development of an International Critical Minerals FrameworkEstablishment of Centers of Excellence to build capacity in sustainability (Morocco), talent development (South Africa), and technology innovation (Saudi Arabia).Advancements in Certification Systems to ensure responsible mineral sourcing.

His Excellency Khalid Al-Mudaifer, the Vice-Minister for Mining Affairs of Saudi Arabia’s Ministry of Industry and Mineral Resources, emphasizes that, “The meeting is an important step towards achieving sustainable development in the minerals sector globally. It is an ideal platform for delivering solutions, developing legislation on best practices in the field of sustainable mining, and exploring ways to invest in mining projects to achieve economic and social development in producing countries.”

Joining him are high-profile leaders, including ministers from supplier and financing like Brazil, South Africa, DRC, India, Egypt, Italy, Nigeria, Qatar, Pakistan, Kazakhstan, Uzbekistan, Malaysia, Thailand, Morocco, Indonesia, France, USA and the United Kingdom, discussing opportunities for global cooperation.

“This year, discussions will seek to enhance collaboration between governments, industry, and communities to drive more investment in minerals, and development through value addition in supplier countries. We want to support the pressing need for sustainable mining practices, resilient supply chains, and value-driven partnerships in the minerals industry.”

Importantly, the outcomes of the Ministerial Roundtable are not confined to the event itself but form an ongoing, year-round program. Regional Coordination Groups will continue to drive the implementation of key initiatives.

“FMF is emerging as the largest global hub for minerals collaboration and action – no other platform brings together government ministers and senior industry leaders at this scale.” Al-Mudaifer concluded.

SOURCE Future Minerals Forum

Technology

LANDI Global Unveils Flagship Cx20: Elevating business efficiency and customer experience with a next-generation Windows-powered terminal

Published

2 hours ago

January 11, 2025

SINGAPORE, Jan. 11, 2025 /PRNewswire/ — LANDI Global proudly announces the launch of the Cx20 terminal, our flagship next-generation smart Windows Desktop POS.

Engineered for businesses that seek advanced technology and refined design, the Cx20 delivers top-tier performance with seamless compatibility. This powerful Desktop POS empowers users to handle even the most challenging tasks with confidence, making it ideal for demanding environments.

Innovation driven by market needs

The Cx20 is designed to meet the growing global demand for Windows-based Desktop POS.

With a large Windows-installed base still in use and the end of support for Windows 10, many businesses are seeking an easy migration path to Windows 11-compatible POS solutions. The Cx20 integrates seamlessly with existing Windows-based applications and back-end systems, ensuring minimal disruption and maximum compatibility.

Build for Business Demand

The Cx20 is built to meet the demands of businesses with its powerful performance, robust connectivity, and user-friendly design.

Equipped with advanced industrial control chips, running on Windows 11 IoT LTSC, the Cx20 benefits from Microsoft’s long-term support of up to 10 years+, delivering consistent performance for high-demand workloads and efficient multitasking.

Connectivity is seamless, with Wi-Fi 6e and 1000M Ethernet support, ensuring constant, reliable connectivity essential for uninterrupted business operations.

Its 15.6″ IPS with 1920×1080 resolution, multi-touch display ensures crystal-clear visuals and an intuitive user experience.

Outstanding performance and customer benefit

The Cx20 is powered by a Hexa-core Intel® i3-1215U processor, reaching speeds up to 4.4GHz. With compatibility for Windows 11 IoT, it excels at handling high-demand workloads and multitasking, making it the ideal POS solution for businesses.

Memory options range from 8GB + 256GB as a base, ensuring versatility to meet various operational needs while maintaining a seamless experience for complex tasks. The Cx20 is equipped with an integrated 80mm thermal printer featuring auto-cutter technology, ensuring efficient printing, and LANDI’s patented auto-recovery technology automatically resolves paper jams for uninterrupted service.

Distinct competitive advantages

The Cx20 stands out with its perfect blend of cutting-edge design and high-performance functionality.

Equipped with the latest Intel® processors and generous memory options, it delivers smooth operation and efficient multitasking, making it ideal for demanding retail and hospitality environments.

Cx20 features an ultra-slim triangular base for added stability and a sleek profile. With a body thickness of 4mm and a screen thickness of 8mm, it combines state-of-the-art technology.

Visit LANDI Global for more information!

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SOURCE LANDI Global