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A more than 2x increase and projected to increase exponentially by 2024.
www.gamesindustry.biz
Cloud gaming revenues hit nearly $1.5 billion last year, according to new data from Newzoo.
A new report shared that the number was generated by 21.7 million paying users across cloud gaming services throughout 2021.
That figure is more than double the $671 million made in cloud revenue in 2020.
It also predicts that number will continue to grow, potentially hitting $6.3 billion by 2024.
Xbox and PlayStation have also bolstered cloud gaming efforts this year; Xbox is looking to publish cloud-first titles while Sony has revamped its PS Plus service to give players access to a back catalogue of PlayStation titles via the cloud.

Cloud gaming generated almost $1.5bn in 2021 - Newzoo
Growth in sector expected to push revenues to four times that figure by 2024