Published
OnlineFinancialResultsiGaming

Cloud gaming revenue on the rise

Revenue rises by 62% year on year to $4.3bn.

cloud gaming surge revenue
Listen To Article

Cloud gaming is set to enjoy a huge amount of growth in 2023, with revenues set to reach an all-time high, according to safebettingsites.com.

Revenue from cloud gaming is expected to reach $4.3bn in 2023, a 62% increase from the $2.67bn revenue in 2022. This is the biggest increase in annual growth to date.

Cloud gaming has brought a lot of change to the industry and has become one of the most popular choices for recreational gaming.

Google Stadia, Xbox Game Pass and PlayStation Now are the industry's big hitters. These companies have allowed gamers to stream a game to any display they own instead of buying a console and a disc.

That means they can play the latest games even on their smartphones. At the same time, developers can sell games as a service instead of dealing with physical copies and downloads, making the game more accessible to a wider audience. 

According to a recent survey, the entire market grossed $580m in 2018. Since then there has been a huge amount of growth to where the figures are for this year.

The survey suggests that the growth will continue, to the point that in 2027 revenue is expected to reach over $18bn.

The US generates the highest cloud gaming revenue, with expected revenue of $1.2bn for 2023. China is expected to see the second-highest increase in revenue with $900m. Other countries on the list are Japan with $364.7m, the United Kingdom with $198.3m and Germany with $179.8m.

Premium+ Connections
Premium

RISK

 
 
Premium

Imagine Live

 
Premium

Lynon

 
Premium

PIN-UP Partners

 
Premium

1xBet Partners

 
Premium

Sport Generate

 
Premium

Digitain

 
Premium

GammaStack

 
Premium

Galaxsys

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...