Jun 18, 2008

PwC Analysts: Video Game Industry To Take In $68.3 Billion Annually By 2012

A PricewaterhouseCoopers study released to the The Hollywood Reporter today predicts that the video game industry will have a compound annual growth rate of 10.3% until 2012. The total industry gross is expected to rise from $41.9 billion in global sales last year to $68.3 in the next four years.

Console gaming represents the largest category, and will grow from $24.9 billion last year to $34.7 billion in 2012. The PC gaming market will continue it's downward spiral and is predicted to have a -1.2% growth rate and drop to $3.6 billion by 2012.

PwC cites a few factors spurring this explosive growth in gaming revenue, including:

  • mobile gaming is increasing becoming a viable platform with wider screens and better graphics

  • increased penetration of broadband connections

  • popularity of MMOs that include subscription fees and microtransactions
  • game companies will keep on pumping out video game sequels that generate high revenue
Source: The Hollywood Reporter

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