Asia-Pacific's Cloud Gaming market is expected to grow with a CAGR of 29.6% during the forecast period 2016-2024 available in new report
Asia Pacific Cloud Gaming Market
Planet Market Reports analyst forecast the Asia Pacific cloud gaming market to expand at a CAGR of 29.6% during the forecast period 2016-2024. Further, the market is anticipated to reach USD 1.6 billion by the end of forecast period.
Market Overview
Cloud has emerged as the most transformative force in the gaming industry as it enables the gamer to access the gaming content without using any particular gaming platform anytime and anywhere. Cloud gaming has enabled the gamers to play the same game at over different platforms including smart phones, smart TVs and tablets.
In Asia Pacific region growth of cloud gaming is majorly driven by the rising number of internet connected smartphones in the region. At present APAC is the largest gaming market across the globe accounted for more than USD 45 billion in 2016, where cloud gaming has seen positive growth mainly driven by the rising gamers in the regions and the enhanced gaming content and technology by the gaming companies.
Covered in this Asia Pacific cloud gaming market report
The report covers the present ground scenario and the future growth prospects of the APAC cloud gaming market for 2016-2024 along with the total revenue of cloud gaming industry in every region. We calculated the market size and revenue share on the basis of revenue generated per segment, region, and screen regional, and country level.
The revenue forecast is given on the basis of number of game publishers and current growth rate of the market.
Get More Information about this Report @ https://www.planetmarketreports.com/reports/asiapacific-cloud-gaming-marketindustry-analysis-size-share-growth-trends-and-forecast-20162131-market-2301
Asia Pacific Cloud Gaming Market Segmentation
By Cloud Gaming Type
By Devices
By Gamer Type
By Geography
Based on gamer type, hardcore gamers accounted for the largest market share of 70% in Asia Pacific games market in 2016. Casual gamer segment is the fastest growing segment which is likely to expand at a CAGR of 30.1% over the forecast period i.e.2016-2024.
Asia Pacific cloud gaming Market Outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Asia Pacific cloud gaming market.
The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Asia Pacific cloud gaming market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.
Our Asia Pacific Cloud Gaming market report comprises of the following companies as the key players in the Asia Pacific games market: Microsoft, NVIDIA, PlayGiga, Playkey and Sony
Other prominent vendors in the Asia Pacific cloud gaming market are: Amazon Web Services, CiiNOW, Crytek, GamingCloud, Google, Happy Cloud, IBM, Kalydo, LiquidSky Software, Playcast Media Systems, Samsung Electronics, Sling Media, TransGaming, Ubitus, Utomik, Valve, Razer Inc, Zynga, and Nintendo.
Access this report @ https://www.planetmarketreports.com/report-sample/asiapacific-cloud-gaming-marketindustry-analysis-size-share-growth-trends-and-forecast-20162131-market-2301
According to our Asia Pacific cloud gaming market study on the basis of extensive primary and secondary research, one major trend in the market is emerging trend of MMO Mass Multiplayer Online . Penetration of MMO gaming platform in cloud gaming industry has emerged as one of the fastest growing segments in the industry, which allows gamers to connect with large online gaming enthusiasts within the same gaming environment.
According to the report, major driver in Asia Pacific cloud gaming market is the cost efficiency of cloud gaming compared to gaming consoles. Cloud gaming eliminates the additional cost of downloading and installation of games and gaming software.
On the other hand, gaming consoles requires specified equipment and purchase of physical copies of gaming software, which is not required at cloud gaming platform.
Further, the report states that one challenge in Asia Pacific games market is privacy of data and security concerns. The cloud gaming service providers use cookies to provide enhanced and customized gaming experience to the users, which may infringe the customer’s privacy.
Security concerns related to data breach and threat to customer’s privacy poses the major challenge for the cloud gaming market growth.
Geographically, China accounted for the largest market share of 55% revenue in Asia Pacific cloud gaming market. China is likely to dominate the APAC cloud gaming market, expanding at a CAGR of 35.0% over the forecast period.
India, Japan and Korea showcase immense opportunity for the growth of cloud gaming market owing to rising number of gamers and high penetration of internet in these regions.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
For a full detailed overview, send us the sample request.
Key questions answered in this Asia Pacific cloud gaming market report
To Browse Similar Reports @ https://www.planetmarketreports.com/category/consumer-goods-and-services
About Us:
Planet Market Reports gives statistical surveying reports to businesses, people and associations with a goal of helping them in their decision making process. We have huge database of market research reports & company profiles across globe. We associated with global market research a publisher who has a wide range of research specialists & industry experts which provides you deeper penetration of market research industry.
We have statistical surveying reports from number of top publishers and update our reports collections on daily basis with most recent research data to furnish our customers with the moment online access to our database. With access to this database, our customers will be able to benefit from expert insights on worldwide businesses, items, and market patterns. We help you in your buy choice by mapping your data needs with our immense accumulation of reports.
Contact US:-
Name: Jennifer Daniel
Email-Id: sales@planetmarketreports.com
US: +1-716-2260907
UK: +447441952057
Organization: Planet Market Reports
As the world economy struggles to recover from the pandemic, the vaccination drive spells hope…
UAE based companies and agencies have no option but to penetrate new markets more effectively…
Latest Report on Global Sodium Chloride Injection including Market Landscape, and Market size, Revenues by…
Latest Report on Global Varicose Vein Treatment Devices including Market Landscape, and Market size, Revenues…
Latest Report on Global Colorectal Cancer Therapeutics Market including Market Landscape, and Market size, Revenues by players,…
To celebrate World Poetry Day, International Schools Partnership (ISP) has launched a student Poetry Contest…