Lucintel Forecasts the Global Cloud Gaming Market to Reach $14.0 billion by 2030
"According to a market report by Lucintel, the future of the global cloud gaming market looks promising with opportunities in the casual gamer, avid gamer, and hardcore gamer markets. The global cloud gaming market is expected to reach an estimated $14.0 billion by 2030 from $3.4 billion in 2024, at a CAGR of 26.5% from 2024 to 2030."
According to a market report by Lucintel, the future of the global cloud gaming market looks promising with opportunities in the casual gamer, avid gamer, and hardcore gamer markets. The global cloud gaming market is expected to reach an estimated $14.0 billion by 2030 from $3.4 billion in 2024, at a CAGR of 26.5% from 2024 to 2030.
According to a market report by Lucintel, the future of the global cloud gaming market looks promising with opportunities in the casual gamer, avid gamer, and hardcore gamer markets. The global cloud gaming market is expected to reach an estimated $14.0 billion by 2030 from $3.4 billion in 2024, at a CAGR of 26.5% from 2024 to 2030. The major drivers for this market are rising popularity for digital games, emergence of 5G and fast broadband, and growing number of casual and professional gamers.
A more than 150-page report to understand trends, opportunity and forecast in cloud gaming market to 2030 by device (smartphone, consoles, laptop/tablets, smart TV, and personal computer), streaming type (video streaming and file streaming), end use (casual gamers, avid gamers, and hardcore gamers), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category video is expected to witness highest growth over the forecast period due to its growing demand among gamers given to its simple gaming experience regardless of technical requirements.
Within the end use category, avid gamer is expected to witness highest growth over the forecast period due to growing demand for cloud gaming among these gamers to play for any purposes as well as they complete in-app purchases and subscribe to gaming platforms.
Download sample by clicking on cloud gaming market
In terms of regions, APAC will remain the largest region due to availability of low-cost high-speed internet, widespread smartphone adoption, and presence of large gaming base in the region.
Amazon.com, Apple, Electronic Arts, Google, Intel, IBM, Microsoft, NVIDIA, Sony Interactive Entertainment, Ubitus, Tencent Holdings are the major suppliers in the cloud gaming market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact: Roy Almaguer Lucintel Dallas, Texas, USA Email: roy.almaguer@lucintel.com Tel. +1-972-636-5056
Explore Our Latest Publications
Matting Agent Market
Pyroxasulfone Market
Silane Coupling Agent Market
Solvent Red Market
Superwetting Surfactant Market
Media Contact
Company Name: Lucintel
Contact Person: Roy Almaguer
Email: Send Email
Phone: 972.636.5056
Address: 8951 Cypress Waters Blvd., Suite 160
City: Dallas
State: TEXAS
Country: United States
Website: https://www.lucintel.com/
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
National Post
41 minutes ago
- National Post
Joey Chestnut in talks for return to July 4 hot dog eating contest
The greatest competitive eater of all time has an appetite for more. Article content Article content According to TMZ Sports, Chestnut and Major League Eating actively are negotiating towards seeing the 16-time champion of the event return after a year on the sidelines due to a contractual beef. Article content The outlet also says that both sides are eager to get a deal in place for the event which is less than a month away. Article content Chestnut wasn't allowed by MLE to compete in last year's edition of the marquee eating contest due to his sponsorship deal with Impossible Foods — which TMZ reports is no longer a factor in discussions. Article content While Chestnut claimed that he was banned from the contest for signing with 'a rival brand,' MLE said that it was Chestnut's own choice to not compete this year in the contest that he had won 16 of the previous 17 years. Article content 'Joey was not banned. Joey chose not to compete in the contest the moment he chose to make an endorsement deal with one of Nathan's competitors,' an MLE rep told the New York Post at the time. Article content Patrick Bertoletti, who won the 2024 contest, admitted his victory had an asterisk due to the long-reigning champion's absence. Article content Chestnut did take part in a hot dog eating competition last summer, going head-to-head with long-time rival Takeru Kobayashi in a showdown streamed live on Netflix. Article content
CBC
an hour ago
- CBC
Wealthsimple launches credit card, new line of credit to challenge big banks
Wealthsimple Inc. announced its first credit card and a line of credit Wednesday as it ramps up efforts to challenge the dominance of Canada's big banks. The expansion also includes the additions of mobile cheque deposits, wire transfers and bank drafts to the chequing account it launched in 2020 when it started pushing toward the full financial suite offered by banks. Wealthsimple, which started more than a decade ago with a focus on automated investment management, has long emphasized that it doesn't want to become an actual bank, and chief commercial officer Paul Teshima says it still has no plans to become one. "What we want to do is continue to lean into the fact that because we don't have a banking licence, we can do interesting and different use cases," he said. He pointed to Wealthsimple's arrangement with 10 banks to hold its clients' deposits, giving them Canada Deposit Insurance Corp. coverage of up to $1 million, as one of those benefits. Bank draft delivery now, cheque delivery promised Wealthsimple's new offerings Wednesday include its credit card with two per cent cash back, while it says its line of credit will have rates as low as 4.45 per cent when it launches by the end of the year. (The current prime rate is 4.95 per cent.) New credit card customers will not be charged additional conversion or FX fees when spending money in foreign currencies. Wealthsimple also plans to offer its clients the ability to use their investment account balances as collateral for lines of credit. Not everything is purely digital. Clients will also be able to have bank drafts shipped at no cost to recipients. It's also working on a feature where users can still write traditional paper cheques using the app, with the financial institution printing and delivering the cheque to the recipient. "There are some people who still use cheques," Teshima said in an interview with CBC News. "What we don't wanna do is obviously expect clients to not do those things that they do today." Wealthsimple is also hinting at a pilot project being launched in the Toronto area where actual cash will be delivered to a client's door. "For those urgent moments, we're going to send cash right to your doorstep, similar to Uber Eats," explained Teshima, noting the pilot may eventually include U.S. dollar delivery. Big banks hold most assets in Canada But even as Wealthsimple adds features, its unclear how much market share the company will be able to take from the Big Six banks that include RBC, TD, BMO, CIBC, Scotiabank and National Bank. Canadians are known to be reluctant to switch away from the big banks — the six control more than 90 per cent of bank assets under management. "Our biggest competition are the banks," Teshima said, but he noted there's reason to think there's demand for alternatives, pointing to the results of a survey Wealthsimple commissioned from Angus Reid that showed a quarter of respondents were dissatisfied with the current banking system, and 38 per cent had considered leaving their bank in the past year. He said Wealthsimple has already shown it's possible to get people to move their retirement accounts, something some were previously skeptical about. "What I think what we've shown is that with a lot of investment in technology and working our clients, we make that process as seamless as possible, and so we're taking a very similar approach with the chequing account." He expects strong demand for the credit card Wealthsimple has been rolling out in test phases over the past year, as it's by far the most requested product requested by clients. The company has shown there's demand for its combined spending and savings account as well, with about a quarter of its more than three million customers already signed up for one. Activity in higher-interest accounts boomed in recent years as rates topped four per cent, but Teshima says there's still demand even as rates decline.
Globe and Mail
an hour ago
- Globe and Mail
Is Intel the Turnaround Stock of 2025 and a Buy Now?
Intel Corporation INTC stock plunged 70% post chip foundry venture, yet Lip-Bu Tan's appointment as new CEO and recent 10% stock rise hint at a potential turnaround. Is it a good buy now? Let's see. Intel May Rebound in 2025 for Four Key Reasons Both Intel and NVIDIA Corporation NVDA produce graphics processing units (GPUs) that are essential for modern computing, including machine learning and artificial intelligence (AI). However, NVIDIA's CUDA software and Blackwell chips are highly sought after by developers and customers. The superior products from NVIDIA have allowed the company to secure a substantial share in most major AI segments, including data centers (read more: Is NVIDIA's Rise in Value a Sign to Invest in NVDA Stock?). Of course, it's challenging for Intel to compete with NVIDIA, but the former has more room to grow with a market capitalization of under $100 billion compared to NVIDIA's $3 trillion plus. Moreover, Intel's affordable AI accelerators can rival NVIDIA's. Intel is spending billions of dollars on enhancing its AI capabilities and may enter the market with energy-efficient chips. In the last two years, Intel has spent over $50 billion on upgrading its chip-manufacturing facilities. Such staggering infrastructure costs have made investors nervous due to the unprofitable foundry business. Intel's foundry business continues to face tough competition from the likes of Taiwan Semiconductor Manufacturing Company Limited TSM, or TSMC, and Samsung. However, TSMC and Samsung located in Southeast Asia, have manufacturing centers in China. The ongoing trade tensions between the United States and China could disrupt their business. In contrast, Intel's chip-making hubs are primarily in the United States, allowing domestic semiconductor companies to send chip orders to these facilities and bypass trade restrictions. Despite losing the top semiconductor title, Intel generated revenues of $12.7 billion in the first quarter of 2025, outpacing arch-rival Advanced Micro Devices, Inc.'s AMD $7.4 billion. This serves as a clear indication that Intel is making strides in the semiconductor industry and is well-positioned for a comeback. Last but not least, Lip-Bu Tan's appointment as the CEO of Intel has been well-received by market pundits, as his stint in the semiconductor industry has been productive. Tan's initiatives to streamline operations, deliver a competitive AI platform, and spin-off assets would restore stability at Intel and help the company return to its past glory. Is Intel Stock Worth Buying Now? With Lip-Bu Tan leading Intel's foundry recovery and AI accelerators gaining ground among competitors through cost advantages, holding onto INTC stock seems judicious. Intel's business revival is becoming more probable, and brokers are showing optimism by increasing the short-term price target for INTC to $22.42 (up 9.5%) from $20.48. The highest target is $62, indicating a potential 202.7% upside. However, Intel's net profit margin is negative at 36.2%, while the Semiconductor - General industries have a margin of 49.5%, suggesting financial instability due to expenses surpassing revenues. Therefore, new entrants, for now, should wait for improved financials before considering INTC stock. Intel has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here. Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Intel Corporation (INTC): Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report
