Video Game And Console Sales To Hit $111 Billion In 2015

Video game and console sales are expected to climb towards $111 billion in revenue by the end of 2015.

Many experts have claimed that the new generation of arriving gaming consoles will fail to reach previous levels, however, leading research firm Gartner sees a bright future in the gaming industry.

Gartner analysts claim that total revenues for the video game market will rise to over $93 billion by the end of this year. That rise would be a significant increase over the $78.8 billion earned in 2012. Revenue increases are the result of every major gaming console increase revenue over previous levels. Revenue advances include consoles, handhelds, mobile gaming devices, and PC sales. Gartner believes those increases will lead to a $111 billion sales level by 2015.

Gartner also predicts that gaming consoles in 2013 will be up 18% this year to reach $44 billion. By 2015 the actual sale of gaming consoles will reach $55 billion. PC games are also expected to decrease to $22 billion by 2015. PC sales are expect to decline as the rise of tablets and other mobile games continue to take over market share from traditional PC gaming. Another big loser is expected to be handheld devices which will drop from $18 billion in 2013 to just $12 billion by 2015. Handheld devices are facing steep competition from mobile gaming that does not require a separate device.

According to Brian Blau, research director at Gartner:

“Sony and Microsoft are releasing their game consoles in November and pent-up demand for these new consoles has caused a temporary reduction in game console hardware sales during 2013, but growth will resume during 2014 and sales of existing console hardware are forecast to grow from $15.9 billion today to $22.7 billion in 2015. 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.

Mobile revenue is expected to increase by the largest amount to reach $22 billion by the end of 2015.

Blau continues:

“As mobile devices (smartphones and tablets) continue to grow, the mobile game category will show the biggest growth due to the entertainment value provided by games compared with other app categories. This growth is fueled by healthy premium mobile device sales globally and a desire by consumers to play games on these multifunction devices that are capable of displaying increasingly sophisticated game content.”

Do you think the future of gaming console and video games sales is bright like Gartner predicts or in trouble as other analysts have claimed?