Cloud Gaming - Ukraine | Statista Market Forecast

In Ukraine, revenue in the Cloud Gaming market market is projected to reach US$8.92m in 2024.
Revenue in this sector is expected to demonstrate an annual growth rate (CAGR 2024-2029) of 30.17%, leading to a projected market volume of US$33.33m by 2029.
The number of readers in the Cloud Gaming market market in Ukraine is anticipated to reach 648.9k users by 2029.
User penetration in Ukraine will be 1.3% in 2024 and is expected to increase to 1.7% by 2029.
The average revenue per user (ARPU) in Ukraine is expected to amount to US$17.50.
In a global context, most revenue in the Cloud Gaming market market will be generated the United States, which is forecasted to generate US$1.94bn in 2024.
In Ukraine, the cloud gaming market is experiencing a surge in interest, driven by increasing internet accessibility and a youthful gaming demographic.

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

The Cloud Gaming market in Ukraine is experiencing significant growth and development.

Customer preferences: Customers in Ukraine are increasingly drawn to the convenience and flexibility offered by cloud gaming. With cloud gaming, users can access a wide range of games on various devices without the need for expensive hardware. This appeals to a broad customer base, including casual gamers, who may not want to invest in gaming consoles or high-performance computers. Additionally, the ability to play games on the go, without the need for downloads or installations, is particularly appealing to mobile gamers.

Trends in the market: One of the key trends in the cloud gaming market in Ukraine is the increasing availability of high-speed internet connections. As internet infrastructure improves and broadband becomes more accessible, more customers are able to enjoy seamless and lag-free gaming experiences. This has led to a growing number of cloud gaming platforms entering the Ukrainian market, offering a wide selection of games and subscription options. Another trend in the market is the rise of local cloud gaming providers. While international platforms have a strong presence in Ukraine, local companies are also emerging to cater to the specific needs and preferences of Ukrainian gamers. These local providers often offer localized content, customer support in Ukrainian, and competitive pricing, which resonates well with the local audience.

Local special circumstances: Ukraine has a vibrant gaming community, with a large number of passionate gamers. The country has a strong tradition of game development, with many talented developers and studios. This has created a supportive ecosystem for the cloud gaming market to thrive. Additionally, the relatively low cost of living in Ukraine makes it an attractive market for international cloud gaming providers, who can offer competitive pricing to customers.

Underlying macroeconomic factors: The growing popularity of cloud gaming in Ukraine can also be attributed to the country's economic development and increasing disposable income. As the economy improves, more Ukrainians have the means to invest in entertainment and leisure activities, including gaming. This has created a favorable environment for the growth of the cloud gaming market. In conclusion, the Cloud Gaming market in Ukraine is experiencing significant growth and development, driven by customer preferences for convenience and flexibility. The availability of high-speed internet connections, the rise of local providers, the vibrant gaming community, and the country's economic development are all contributing factors to the market's growth. As the market continues to evolve, it is expected to offer even more options and opportunities for Ukrainian gamers.

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.

This report presents a comprehensive analysis and additional information on the Advertising & Media market, in a PDF format.

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.