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DFC: Video Games Worldwide to Hit $57B by 2009

30 Jun, 2008 By: Chris Tribbey

Video games will be a worldwide $57 billion business in 2009, with 11 countries producing annual revenues of $1 billion each, according to DFC Intelligence forecasts.

“Consumer spending on software is at record levels and the game business seems to actually benefit from a recession because games are a relatively cheap form of home entertainment,” said DFC analyst David Cole.

The figures include both hardware and software, and revenues from online gaming from PCs. Online gaming produced $7 billion in 2007, not including retail sales, and total PC gaming revenues are expected to hit $19 billion by 2013.

Nintendo's Wii is expected to lead all next-gen gaming hardware sales for the foreseeable future, while games for the PlayStation 3 could match the Wii in terms of software sales by 2012.

“The Wii does not appear to be a fad and it has the chance to be one of the best-selling systems of all time,” Cole said.

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