Games industry worth $93bn in 2013: Gartner

Tuesday 29 October 2013 17.16
The launch of Sony's Playstation 4 - and Microsoft's Xbox One - will boost the industry this year
The launch of Sony's Playstation 4 - and Microsoft's Xbox One - will boost the industry this year

The games industry will generate revenues of $93 billion this year according to Gartner, a 17.7% increase on the amount earned in 2012.

The increase is largely due to the continued growth of mobile gaming, as well as the upcoming launch of new consoles from Microsoft and Sony, according to the firm.

The mobile games industry is due to see revenues of $13.2 billion this year, according to Gartner, $4 billion higher than in 2012.

This is predicted to increase to $17.1 billion next year and more than $22 billion in 2015.

This growth is expected to impact on the handheld games market, however, which will is predicted to see revenues of $12.4 billion in 2015 compared to $18 billion this year.

Revenues from games consoles will be around $44.3 billion this year, says Gartner, compared to $37.4 billion in 2012.

This could rise above $55 billion by 2015, which would make the segment account for half of all games industry revenue.

The firm says that while most industry demand to date has been in Europe and the US, emerging markets will becoming increasingly important in the coming years.

It also predicts that people will increasingly replace home PCs with mobile devices such as tablets, meaning the PC gaming segment will only see slight growth in the years ahead.