Microsoft will launch its cloud gaming service on Xbox consoles later this year.
Xbox Cloud Gaming is already available on PCs and mobile devices. The service allows players to stream games without needing to download and install them.
The cloud gaming industry is expected to surpass $200 billion in revenue by 2023.
The cloud is one of several priorities for Microsoft as it further commits to gaming.
- The company recently completed its $7.5 billion acquisition of ZeniMax, the parent company of Bethesda, the publisher behind “Fallout and “The Elder Scrolls.”
- Its Xbox Game Pass service, which provides more than 23 million subscribers with access to hundreds of games, announced 27 upcoming titles at E3 in June.
- The company is developing streaming hardware that will allow gamers to play games on the cloud through their smart TVs, without a console.
Microsoft generated $46.15 billion in revenue during the quarter ending June 30, 2021, a 21% increase year-over-year.
The company’s More Personal Computing segment, which includes gaming services and hardware, saw $14.09 billion in revenue in the quarter, a 9% uptick compared to a year prior.