Smartphones help drive video games market to $93bn in 2013
(City A.M. (UK) Via Acquire Media NewsEdge) THE WORLDWIDE video games market will grow to $93bn (£58bn) this year, an increase of 18 per cent from 2012, led by the incredible growth in smartphone gaming.
Mobile and smartphone gaming is set to grow 40 per cent this year, to $13.2bn, and will overtake PC games and handheld video games to become the second largest market in video gaming by 2015, according to research from Gartner.
"The mobile game category will show the biggest growth due to the entertainment value provided by games compared with other app categories," said research director Brian Blau.
"This growth is fuelled by healthy premium mobile device sales globally and a desire by consumers to play games on these multifunction devices that are capable of displaying increasingly sophisticated game content."
Gartner predicts that the video games market will grow 40 per cent to $111bn by 2015.
MOBILE GAMING THE FASTEST GROWING WITH REVENUES INCREASING $13.2bn THIS YEAR TO 40% $13.2bn $13.2bn GAMING MARKET 2012-2015 GAMES CONSOLES TO REMAIN NO1 SOURCE OF VIDEO GAME REVENUES $44.2bn THIS YEAR MOBILE GAMING TO OVERTAKE HANDHELD VIDEO GAMES AND PC GAMING BY 2015 TOTAL GAMES MARKET GROWING 18% THIS YEAR (EXPECTED TO GROW 40% BY 2015)
(c) 2013 City A.M.
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