Video Games Market to Hit $50bn in Five Years

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Mobile gaming to triple in value to more than $17.5 billion, says Analyst firm
The global digital games market will more than double over the next five years to $53 billion, a research company has claimed.
In the report, business analysts Ovum said revenues will grow at an annual rate of 17 per cent from $24 billion at the end of 2011.
It also forecasts that revenues from mobile gaming will triple over the next five years to be worth more than $17.5 billion.
“The rise of casual games is continuing apace, driving soaring digital gaming revenues,” said Ovum analyst Mark Little.
“Gaming is fast establishing itself with a much wider mainstream audience, with serious ramifications for other rich-media entertainment such as TV, video and music.

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Source: http://www.develop-online.net/news/39083/Digital-will-be-worth-50-billion-by-2016

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