What is cloud gaming?

Focus on defining cloud gaming clearly and concisely, emphasizing its core components such as streaming technology, server-side processing, and the user experience. Discuss how it differs from traditional gaming models, including the implications for hardware requirements and accessibility. Consider mentioning key players in the market and any relevant trends or challenges, such as latency issues and internet bandwidth requirements. Be prepared to explain how cloud gaming impacts game development and distribution, as well as potential future developments in the industry.