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CHART OF THE DAY: Gaming goes to the cloud

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With Amazon’s recent announcement of its cloud gaming service, Luna, the race to the cloud is on in the gaming industry as consoles and digital downloads are destined to become a thing of the past. By 2024, the global cloud gaming user base is expected to reach 124.4 million, with an estimated global revenue of $14.93 billion – a nearly tenfold growth in as little as five years, according to Kagan, a media research division of S&P Global Market Intelligence.

Amazon is just the latest in a series of big players jumping into the market. Google launched Stadia in 2018, followed by Nvidia’s GeForce Now and Microsoft’s xCloud. As gigabit fiber connections and 5G infrastructure become mainstream, and as the industry consolidates, the category is poised for dramatic growth.

Source: Kagan, S&P Global Market Intelligence

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About Victor Kao

@victorkao4

Victor provides a unique blend of accounting, operations, and IT subject matter expertise, and leads a wide spectrum of projects including internal audit, Sarbanes-Oxley compliance, systems organization controls readiness and attestation, business process improvement, and information technology assessment services. Prior to joining RSM, Victor served in senior management roles in a variety of industries, including consumer products, food and beverage, technology, banking, and financial services. Currently, Victor’s core industry and subject matter expertise lies within technology.

Victor has substantial IT risk advisory experience leading and coordinating ERP software selections and implementations, IT general controls review, segregation of duties analysis, cybersecurity, and system and organization controls readiness and attestation. In 2018, Victor was selected as a senior analyst in RSM’s cutting edge Industry Eminence Program, which positions participants to understand, forecast and communicate economic, business and technology trends shaping the industries RSM serves. These senior analysts advise clients on conditions impacting middle market leaders.

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