Cloud Gaming - Australia
Australia- The Cloud Gaming market in Australia is projected to reach a revenue of US$160.10m by 2024.
- This represents a significant growth opportunity for the country in the cloud gaming sector.
- The market is expected to exhibit a Compound Annual Growth Rate (CAGR 2024-2027) of 37.81%, leading to a projected market volume of US$419.00m by 2027.
- This indicates a strong potential for expansion and revenue growth in the coming years.
- Furthermore, the number of readers in the Cloud Gaming market is forecasted to reach 8.0m users by 2027.
- This suggests a growing interest and adoption of cloud gaming services among consumers in Australia.
- With a user penetration rate of 24.1% in 2024, which is expected to increase to 29.2% by 2027, it is clear that cloud gaming is gaining traction and becoming more prevalent in the country.
- Moreover, the average revenue per user (ARPU) is projected to amount to US$24.99.
- This metric provides insights into the profitability and monetization potential of the cloud gaming market in Australia.
- It indicates the average amount of revenue generated per user, highlighting the market's potential for generating sustainable and consistent revenue streams.
- In a global context, it is worth noting that United States is anticipated to generate the highest revenue in the Cloud Gaming market, with a projected revenue of US$1.94bn in 2024.
- This underscores the dominance of the US market in the cloud gaming industry and highlights the potential for growth and revenue generation in other countries, including in Australia.
- Overall, the Cloud Gaming market in Australia presents a promising landscape for revenue growth, user adoption, and market expansion.
- As the industry continues to evolve and mature, it is expected that in Australia will experience significant advancements in cloud gaming technology and infrastructure, leading to increased revenue opportunities and a thriving market segment.
- Australia's cloud gaming market is experiencing rapid growth, driven by the increasing demand for high-quality gaming experiences and the country's robust digital infrastructure.
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.In-Scope
- Subscription for Cloud Gaming platforms, such as GeForce Now
- In-game purchases from Cloud Gaming games, such as game pass
Out-Of-Scope
- 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
