video games Video games will become a $99.6B industry this year as mobile overtakes consoles and PCs

[Reefa]

 

Gaming is taking over the world.

 

Market research firm Newzoo revealed today that it expects the global gaming market to be worth $99.6 billion in 2016.

 

That’s up 8.4 percent when compared to last year. It also expects 2016 to be the first year that mobile overtakes PC and console, with Newzoo expecting that market to make $36.9 billion in 2016, up 21.3 percent from 2015.

 

Forty-seven percent of that $99.6 billion will come from Asia, as you can see in the chart below. China is seeing exceptional growth. Mobile in that country will be up 41 percent from 2015 to reach $10 billion. Newzoo notes 58 percent of total gaming growth in the worldwide market in 2016 will come from the Asia-Pacific region.

 

“China will remain the largest games market for the foreseeable future, growing to $28.9 billion by 2019,” Newzoo notes.

 

 

Newzoo also expects revenues from virtual reality to be marginal this year. VR is an emerging market, with commercial products like Oculus Rift and the HTC Vive only recently becoming available (and in limited quantities).

 

“As the uptake of VR hardware plays out, game software revenues will automatically be absorbed into current PC, TV/console and mobile revenues,” Newzoo notes. “VR and AR will in the long-term change how consumers communicate with each other and interact with content. In the short to medium term, Newzoo expects the lion’s share of VR revenues to be generated by hardware sales, spectator content, and live viewing formats.”

 

Newzoo expects the global gaming market to reach $118.6 billion by 2019.

 

source

 

 

[Sylence]

Asia is a continent, middle east isn't. so by Asia it means all countries in the Asia continent which includes those in the middle east region, right?

 

https://en.wikipedia.org/wiki/List_of_Asian_and_Pacific_countries_by_GDP_(PPP)

[RejZoR]

Mobile winning, mostly thanks to clueless morons buying useless virtual crap in games for ridiculous amounts of money.

[Sylence]

19 hours ago, RejZoR said:

Mobile winning, mostly thanks to clueless morons buying useless virtual crap in games for ridiculous amounts of money.

 

like clash of clans etc ...phew.. *facepalm*. people already had this crap on Atari 20 years ago with the exactly same graphic quality and now that these games have come to their mobile devices they think it's a new crap and play it like maniacs  

[CODYQX4]

On 4/22/2016 at 1:01 PM, RejZoR said:

Mobile winning, mostly thanks to clueless morons buying useless virtual crap in games for ridiculous amounts of money.

THIS... and it's trickling over to console gaming to ruin even what were great franchises.

 

Im afraid EVERY game will be made less fun and more grindy for the sake of in-app purchases/microtransactions.

 

But "The DLC is free you have no right to complain" will be shouted from the rooftops as an infallible shield from criticism as each game falls to this crap.

 

Getting screwed for $60 worth of map packs is a much better deal than what many microtransaction games do. Just wait until you die in COD or GTA and you have to throw them a dollar or wait an hour to respawn. Why not? Candy Crush does it and they're printing money.