https://wccftech.com/cloud-gaming-market-to-exceed-0-5-billion-this-year-growing-to-4-8b-by-2023/

The cloud gaming market forecast for 2020 has been upgraded by Newzoo. According to the games industry research firm, almost $585 million in revenue will be generated this year, while the cloud gaming market as a whole is poised to vastly grow up to $4.8 billion by 2023. Beyond that, the current projection suggests even bigger growth.

In a press release, Newzoo explained that the catalysts for the upgraded forecast were the revenue increase due to COVID-19 lockdown measures as well as Microsoft's decision to bundle Project xCloud with Xbox Game Pass Ultimate at no additional cost, which is expected to promote further uptake than if it came with an extra premium charge.