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Firm: Mobile gaming could make up 60 percent of $100 billion industry by 2017

Attendees play games on Nintendo Co.'s 3DS LL handheld game consoles at the Level-5 Inc. booth during the Tokyo Game Show 2012 at Makuhari Messe on September 20, 2012 in Chiba, Japan.
Attendees play games on Nintendo Co.'s 3DS LL handheld game consoles at the Level-5 Inc. booth during the Tokyo Game Show 2012 at Makuhari Messe on September 20, 2012 in Chiba, Japan.
Photo by Kiyoshi Ota/Getty Images

Not only does one firm believe that the global games industry could be worth more than $100 billion by 2017, they also believe that the incredible growth will be the result of mobile gaming, according to a report today from Games Industry.

In its Global Games Investment Review, Digi-Capital estimates that mobile and online gaming will become a huge force in gaming and will account for 60 percent of the $100 billion games industry by 2017.

The reason? Asia and Europe account for 80 percent of mobile and online gaming, with Asia specifically being poised to snap up mobile and online games left and right.

“Asia is becoming the biggest growth driver of economic value in mobile/online games, with the best games companies' revenue growth and profit margins being the envy of foreign competitors," said Tim Merel, managing director at Digi-Capital.

The news comes just a day after Sony UK managing director Fergal Gara said people have been dubbing the PlayStation Vita the “iPod of handheld gaming,” essentially likening the console to the revolution the music player had on the music industry.

You can read that full Examiner report by clicking here.