Newzoo: Cloud gaming will reach 23.7M paying users and generate $1.6B in 2021

The global market for cloud gaming will hit 23.7 million paying users and $1.6 billion n revenues in 2021, according to a report by market researcher Newzoo.

The company forecasts the revenues will grow to $6.53 billion in 2024. By that time, it will be about 3% of the $200 billion global gaming market.