Games market shoots for high score; revenue to exceed $93B

That figure, projected to hit by year's end, is up from the $80B in 2012.

Sony/Microsoft

The video game market is gunning for a huge score in the marketplace, according to Gartner research firm.

By the end of this year, worldwide spending on games will exceed $93 billion, the report said. That's up from the $78.9 billion spent last year. Gartner further projects that customers will spend $101.6 billion in 2014 and $111 billion by the end of 2015.

Gartner's study is based on predicted sales on hardware and software worldwide. It also includes mobile games, which are set to explode from $9.3 billion in spending last year to $22 billion in 2015. That success will cause trouble for handhelds, according to Gartner. Handhelds will see revenue slide from $18 billion this year to $12.4 billion in 2015.

After a few years of disappointing sales, consoles are set to rebound in a big way, due to new models hitting the market. This year, total console spending will reach $44.3 billion, up from the $37.4 billion spent on consoles last year, according to Gartner. By 2015, total spending on consoles will reach $55 billion, accounting for about half of the entire game market.

"In stark contrast, dedicated game handheld devices and traditional PC games will play a smaller role in the game market and cease to be important game platforms," Gartner research director Brian Blau said in a statement.

About the author

Don Reisinger is a technology columnist who has covered everything from HDTVs to computers to Flowbee Haircut Systems. Besides his work with CNET, Don's work has been featured in a variety of other publications including PC World and a host of Ziff-Davis publications.

 

Join the discussion

Conversation powered by Livefyre

Don't Miss
Hot Products
Trending on CNET

HOT ON CNET

Want affordable gadgets for your student?

Everyday finds that will make students' lives easier: chargers, cables, headphones, and even a bona fide gadget or two!