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Video game software market set to hit an explosive $100 billion

Video game market expected to hit $100 billion by 2018
Video game market expected to hit $100 billion by 2018

A new report from DFC Intelligence has revealed that the global gaming market (casual and hardcore gamers) will push the industry into the $100 billion dollar realm by 2018. According to the report by the end of this fiscal year the industry will have burst into the $64 billion dollar range. These numbers PC, mobile devices as well as gaming consoles. The report leads us to believe that the revenue will be split evenly between all platforms.

The mobile gaming market is expected to leap from $10 billion in 2013 to $29 billion in 2018. That would encompass about 30% of all gaming revenue. This is a massive step up from the $17 billion, mobile gaming was initially expected to gain in 2018. While expectations for the PlayStation 4 and the Wii U also rose, they lowered their expectations for the Xbox One.

DFC analyst David Cole stated that the "Xbox One should carve out a solid share among dedicated action gamers, but due to some questionable business decisions Microsoft's broader entertainment strategy is in disarray despite the release of the new $399 Kinect-less SKU". Which was essentially geek for dedicated gamers and Xbox fans will still invest in the system as well as the software as it comes out. This will assure that Xbox still has a seat at the table, but they cannot foresee Sony losing its sizable lead in the near future.

Cole also goes on to say that, "The main question is can Sony continue to build on the initial PS4 sales to build an installed base similar to what they had with the PlayStation 2".

Cole made it clear that they are tracking hardware and software spending separately. Core gamers will invest in high end PCs and dedicated gaming devices. Not only that core gamers will invest in accessories as well as personalization items. That coupled with mobile devices makes this a huge market.

This all spells good news for the industry. Because this leads to newer innovations and helps to feed not only our imaginations, but fuel the industry with well deserved fund to keep pushing the envelope and bringing us all new storylines and concepts.

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