Report – Game industry to hit $64.9 billion in 2013

By Stephany Nunneley, Friday, 19 February 2010 20:20 GMT

money

According to a new Strategy Analytics report, global software revenues are expected to grow from $46.5 billion in 2009 to $64.9 billion by the end of 2013.

The report, titled Global Video Game Market Forecast, predicts more spending on physical game software as well as digital downloads, online subscription services like with MMOs, more in-game advertising and sales of virtual goods (via Edge).

“New online revenue streams, such as in-game dynamic advertising and sales of virtual goods, will spur rapid growth in online game revenues in the coming years,” wrote report author Jia Wu.

“[We] predict more revenue growth from online sources instead of from traditional physical game sales as broadband adoption continues, which is similar to other media sectors,” said Martin Olausson, director of digital media research at the firm. “More gaming devices and games are being connected online and new online revenue models are appearing on the market.”

The report predicted that the online game revenues Olausson mentioned, would increase the most, with a compounded annual growth rate of 18.7 percent, reaching $24.8 billion and accounting for over 38 percent of total software revenue by 2013.

More through the link.

Sometimes we include links to online retail stores. If you click on one and make a purchase we may receive a small commission. For more information, go here.

Comments

Headlines

Digital Distribution

  • Direct2Drive is going live once more this weekend

    Direct2Drive is coming out of hibernation after a three-year hiatus. AtGames Digital Media will be relaunching the digital storefront as of this weekend, while GameFly Digital will be shuttered as part of the rebranding. Direct2Drive hit the scene by way of IGN back in 2004, serving up a smattering of different high-profile PC titles for […]

  • PlayStation's original series Powers receives a debut trailer

    Powers is a PlayStation Original Series slated to release for free to PlayStation Plus members the winter. Joining the ranks of content providers like Netflix who have created their own series for release via their platform, Powers will likely be a big push for PlayStation’s streaming television service, PlayStation TV, which is out as of […]

Global Video Game Market Forecast

Industry Growth