Cloud Gaming - Czechia | Statista Market Forecast

In Czechia, revenue in the Cloud Gaming market market is projected to reach US$20.61m in 2024.
This revenue is anticipated to demonstrate an annual growth rate (CAGR 2024-2029) of 28.77%, leading to a projected market volume of US$72.97m by 2029.
Within the Cloud Gaming market market in Czechia, the number of readers is expected to total 1.0m users by 2029.
User penetration in Czechia will be 7.8% in 2024 and is predicted to increase to 9.9% by 2029.
The average revenue per user (ARPU) in this market is expected to amount to US$25.22.
In a global context, the majority of revenue will be generated the United States, with a figure of US$1.94bn in 2024.
Czechia's cloud gaming market is witnessing a surge in consumer interest, driven by increased internet accessibility and a growing gaming community.

Definition:

Cloud gaming is a form of video game streaming that allows players to play games on their devices through an internet connection, without the need for dedicated gaming hardware or local installation of games. In cloud gaming, games are stored and run on remote servers, and the player's device only needs to send inputs and receive streaming video and audio output. Cloud gaming services often require a subscription fee and offer a library of games for users to choose from, with the ability to play games on demand. The market for cloud gaming has been growing in recent years, with the proliferation of high-speed internet connections and advancements in cloud computing technology.

Additional Information:

The market comprises revenues, users, average revenue per user, and penetration rates. Revenues are generated through subscriptions and consumer spending. Market numbers are also featured in the Advertising & Media Insights. For more information on the data displayed, use the info button right next to the boxes.

Subscription for Cloud Gaming platforms, such as GeForce Now
In-game purchases from Cloud Gaming games, such as game pass

Revenues from digital video games, such as sold video games
Revenues from in-game purchases, such as in-game spending in Fortnite
Revenue from physical video games, such as buying games in stores

Cloud gaming is rapidly gaining popularity in Czechia, with an increasing number of gamers opting for this innovative way of playing video games. This trend can be attributed to several factors, including customer preferences, market trends, local special circumstances, and underlying macroeconomic factors.

Customer preferences: Gamers in Czechia are increasingly drawn to cloud gaming due to its convenience and flexibility. Cloud gaming allows players to access a wide range of games without the need for expensive gaming hardware. This appeals to both casual gamers who do not want to invest in gaming consoles or high-end PCs, as well as hardcore gamers who want to try out different games without the hassle of purchasing and installing them individually. Additionally, cloud gaming offers the ability to play games on multiple devices, such as smartphones, tablets, and smart TVs, providing gamers with the freedom to play whenever and wherever they want.

Trends in the market: The cloud gaming market in Czechia is experiencing significant growth, driven by advancements in technology and the increasing availability of high-speed internet connections. The development of 5G networks is particularly important in this regard, as it enables smoother and more responsive gameplay, reducing latency issues that were previously associated with cloud gaming. Furthermore, the growing popularity of subscription-based gaming services, such as Xbox Game Pass and Google Stadia, has made cloud gaming more accessible and affordable for a wider audience.

Local special circumstances: Czechia has a strong gaming culture, with a large community of passionate gamers. The country is home to several successful game development studios, and gaming events and tournaments are regularly held throughout the year. This vibrant gaming ecosystem has created a favorable environment for the adoption of cloud gaming, as gamers are open to exploring new technologies and platforms. Additionally, Czechia's relatively small size and high population density make it easier to provide widespread access to high-speed internet connections, which is crucial for a seamless cloud gaming experience.

Underlying macroeconomic factors: The overall economic stability of Czechia has played a significant role in the development of the cloud gaming market. The country has a relatively high GDP per capita and a well-developed infrastructure, including a robust telecommunications network. This provides a solid foundation for the growth of cloud gaming, as it ensures that gamers have access to the necessary resources and technologies. Furthermore, the increasing disposable income of Czech consumers allows them to invest in gaming-related products and services, including cloud gaming subscriptions and compatible devices. In conclusion, the cloud gaming market in Czechia is experiencing rapid growth due to customer preferences for convenience and flexibility, market trends such as the development of 5G networks and subscription-based gaming services, local special circumstances including a strong gaming culture and widespread access to high-speed internet, and underlying macroeconomic factors such as economic stability and increasing disposable income. As these factors continue to evolve and improve, the cloud gaming market in Czechia is expected to thrive in the coming years.

Data coverage:

Figures are based on subscription spending, consumer spending, investment, and funding data.

Modeling approach / Market size:

Market sizes are determined by a Top-Down approach, based on a specific rationale for each market market. As a basis for evaluating markets, we use reports, third-party studies, research companies. Next we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, internet penetration and cloud revenues. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the S-curve function and exponential trend smoothing are well suited to forecast digital products and services due to the non-linear growth of technology adoption. The main drivers are consumer spending per capita, level of digitalization, and cloud revenues.

Additional Notes:

The market is updated twice per year in case market dynamics change. Consumer Insights data is unbiased for representativeness.

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Cloud computing is the delivery of hosted services over the internet through the main service delivery segments; infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS). Revenue in the United Kingdom (UK) from public cloud services, which makes up most of the cloud computing market, amounted to around 12 billion U.S. dollars in 2020. This is a share of almost four percent of the global public cloud market.