The metaverse, a concept that was highly touted in early 2022, has lost some of its prominence. Instead, cloud gaming has gained traction, offering gamers a wireless, low-latency experience through 5G networks on various devices, without the need for dedicated hardware like Xbox or PlayStation. The cloud gaming market reached $3.2 billion in 2022 and is projected to grow at a robust average annual rate of nearly 43.6% to $40.8 billion by 2029.
