DFC: Video Games Worldwide to Hit $57B by 200930 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.