Goldman Sachs says this global tech stock will soar as 'gaming-as-a-service' takes off

The tech giant recently completed a major acquisition to help it scale its gaming-as-a-service offerings, according to the Wall Street bank.

Investors seeking exposure to Japan's growing gaming industry should look at technology and entertainment behemoth Sony , according to Goldman Sachs. The Wall Street bank believes the Japanese tech giant is well positioned to capitalize on emerging trends like gaming-as-a-service and the rising popularity of anime. GaaS refers to video games with a continuing revenue model that are regularly updated with new content.

mountain Anime streaming The rising demand for streaming and cloud gaming services has led to several mergers and acquisitions in recent years. Most recently, Xbox-owner Microsoft closed its acquisition of video game publisher Activision Blizzard after a lengthy regulatory review . In addition, Goldman Sachs said there was significant growth potential for Crunchyroll, Sony's anime streaming service based in California, which it acquired in 2017.

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