Feeds

Video games sales take wing

BB, mobile phones pump up the volume

  • alert
  • submit to reddit

gamesindustry.biz logo Video games sales will grow to $35.8 billion a year by 2007, fuelled by major advances in online gaming thanks to broadband, and in wireless gaming thanks to new mobile phone technologies, according to PricewaterhouseCooper.

It forecasts an 11 per cent compound rate, significantly ahead of the growth rate for the global entertainment and media industry as a whole, which is expected to grow at a compound rate of some 4.8 per cent over the same period.

Even at $35.8 billion, however, the video games industry represents a mere drop in the ocean of entertainment and media - with the market as a whole set to be worth $1.4 trillion in 2007.

As with all such reports, these figures deserve to be taken with a healthy pinch of salt; we note that PWC isrecording the North American video games market in 2002 as being worth $7.8 billion, whereas official figures state that US video games sales topped $10 billion last year.

The full report, which focuses heavily on North America but does include a global overview of the markets covered, can be purchased from PricewaterhouseCoopers for the princely sum of $495.

© gamesindustry.biz

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.