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Saturday, 03 December 2011

Revenue of the video game industry expected to grow Featured

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During the Reuters Global Media Summit which started on the 28th of November, 2011, the company forecasts that the gaming industry will gain significant revenues in the next three years, reaching levels of around $72.1 billion by the year 2015. A lot of this success is attributed to the increasing popularity of as social games – similar to those played on Facebook and similar social-networking sites.The Reuters Global Media Summit is held in New York, Paris and London simultanoesly.

 

This five-day summit  gives the opportunity for media executives to discuss the current state and future forecasts of the industry with the international news agency Reuters, bringing  improtant news to the media's attention.Reuters shared some fascinating forecasts revolving around the gaming industry – including projections about the next three years.  Indeed, according to Reuters, even if video game software sales decreased slightly this year (from $29.8 billion in 2010 to $29.5 billion in 2011), other branches of this industry experienced incredible growth.

 

This can be seen for example in Facebook games that have seen an increase of $2.4 billion from 2010, reaching levels of around $18 billion this year.Games on social-networking sites are not the only features of this success. The fastest growth is expected to be in Mobile gaming as young gamers prefer opting for a smartphone or a tablet instead of the traditional hand-held gaming consoles such as Xbox or PS3. In fact, mobile gaming is expected to grow “from 15 percent in 2010 to 20 percent in 2015,” according to a report  “Gaming Ecosystem, 2011,” issued by Gartner, the technology research company.

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