According to IndustryGamers, a report from market intelligence firm Strategy Analystics predicts that the video game industry is primed for some serious growth in the coming years. Specifically, the report states that the worldwide game industry will likely reach revenues of $64.9 billion by 2013. As the industry just recently reached a value of 46.5 billion in 2009, that's an increase of $18.4 billion, or 39.5% over the next three years.
The report notes that sales of packaged software will increase, but increased sales of digital goods, in-game ads and subscriptions will play the primary role in growth. Specifically, online games are expected to grow to $24.8 billion by 2013, accounting for 38 percent of the overall games market. The firm expects social games to take up a major portion of growth, specifically the sale of virtual goods for use in online games (think Farmville).
Now, if you'll excuse us, Joystiq Publishing really needs to get to work on Social Networking Town, the social networking game in which you buy virtual people to fill your virtual in-game social networking friends list. Once that's done, you can play virtual social networking games, in which additional virtual goods are available. The only way to win is to never stop playing!
Reader Comments (14)
Posted: Feb 19th 2010 11:07PM (Unverified) said
It seems like the price of games is trending downwards though..
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Posted: Feb 20th 2010 12:41AM chromekreeper said
id like to think that, but games where i am some come out at 60-70 canadian, and im not exactly moneybags here.
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Posted: Feb 20th 2010 5:45PM (Unverified) said
The economy is only getting worse. I don't think the big 3 are even capable of a successful launch of new hardware until at least 2014... Well, maybe Nintendo. :/
Games usually do get a price cut sometime after the midpoint of a generation, so 2010 should give us some price cuts. I wouldn't be too surprised to see games debut at $50 after the summer.
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Games usually do get a price cut sometime after the midpoint of a generation, so 2010 should give us some price cuts. I wouldn't be too surprised to see games debut at $50 after the summer.
Posted: Feb 19th 2010 11:09PM (Unverified) said
Make that an even $75 billion once Tambourine Hero finally sees a release.
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Posted: Feb 19th 2010 11:15PM (Unverified) said
*oh i love how they rip us(gamers) all* correction
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Posted: Feb 20th 2010 12:08AM Hunter141072 said
wow!!! wonder how they manage to do that with all those evil baby pirates destroying them.
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Posted: Feb 20th 2010 12:40PM Dr Perry Ulysses Cox said
Here Lies Spelling
10,000 B.C. - 2/20/2010
Rest in Peace
Reply
10,000 B.C. - 2/20/2010
Rest in Peace
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