The global Cloud Gaming market was valued at USD 412.36 Million in 2019 and is expected to reach around USD 6,964.58 Million by 2027, at a CAGR of about 42.4% between 2020 and 2027. Cloud gaming refers to execution of computationally complex games on powerful cloud servers and is an innovative way to deliver computer games to users. The cloud servers stream rendered game scenes over the internet to gamers or users with thin clients on heterogeneous devices. The cloud server receives and sends back control events from input devices for interactions. Cloud servers in one or more data centers are used to host the gaming platform. The working of cloud gaming is divided in two components. One is scene renderer that is used to generate game scenes in real-time. Second is game logic that converts gamer commands into in-game interactions. Command interpreter gives gamer commands whereas video capturer captures game scenes into videos. Video encoder, video capturer and command interpreter are all implemented as parts of the cloud gaming platform. Market Dynamics The global cloud gaming market growth is estimated to be driven by various factors such as growing commercialization of 5G technology across the globe, increasing penetration of smartphones, tablets and other devices, increasing connectivity landscape and increasing competitive and immersive gaming on mobile devices. Additionally, increasing numbers of internet users and increasing numbers of gamers will boost the market growth in the coming years. However, market growth may be impeded by factors such as fluctuating internet speed in developing regions, issues with multiplayer cloud gaming server allocation and limited awareness regarding cloud gaming platforms. Improved cross-platform gaming experience, greater utilization of cloud gamification and increased popularity of cloud gaming in multiplayer scenarios are factors that are expected to bring new growth avenues in the cloud gaming market. Drivers: • Increase in Number of Internet Users • Commercialization of 5G Technology • Upsurge in Immersive and Competitive Gaming on Mobile Devices • Rise in Number of Gamers Restraints: • Multiplayer Cloud Gaming Server Allocation Issues • Limited Awareness Regarding Cloud Gaming Platforms Opportunities: • Greater Utilization of Cloud Gamification • Increased Popularity of Cloud Gaming in Multiplayer Scenarios