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Can anyone explain to me why experts believe the future of gaming is in the cloud? Thank you

YOu wont need to get expensive hardware to play games. Even in the west i think a lot more people would play games if they dont need to get hardware. Imagine all the poorer countries where
they cant afford the hardware, so are excluded from better games

The problem will be the latence, hard to know how they'll correct this in the future.

I know gamers that still use PS/2 keyboards over usb or wireless because they have few ms less input lag.

the problem will be corrected with access to faster internet, which will happen sooner or later.

You are right, it's inevitable really, and when you look at the bandwidth growth lately, it's is not even far away.

Bandwidth and latency are completely different things though. Bandwidth has some ways to go but with latency we are stuck with the laws of physics. Comparing to a highway, you can add more lanes, going underground and stack more highways on top. You can invent faster vehicles. But with both internet traffic and highway traffic, you cannot move faster than the speed of light.

Well, you are correct. I have to wish that the technology that is decreasing latency will move ahead too