According to findings from the latest market study by Juniper Research, global revenues from PC and console video games will decline from $46.5 billion this year to $41 billion by 2019.
The Juniper study highlights that the cloud games market will reach $1 billion in revenues.
Spending on video game hardware grew 47 percent to $983 million during the first quarter of 2014, but overall total industry consumer spending on video gaming fell 1 percent to $4.6 billion compared to the same period in 2013, according to NPD Group.
Overall video game content revenue was down 8 percent, due to a decline in new physical format spending of 27 percent or $372 million.
New research finds gaming consoles and media tablets are the most popular consumer electronics (CE) gift purchases for family members this holiday season.
A survey of U.S. broadband households shows 47% of game-console shoppers and 45% of tablet shoppers plan to buy these products as gifts.
via Parks Assoc
The Western Europe Consumer Electronics (CE) market will end 2013 much the same way as it did last year — with -5% growth in retail value, due to lower prices and cannibalization of single-function devices by more mobile multi-functional devices.
According to Strategy Analytics, most major CE devices will experience negative growth in revenue aside from standout categories such as Smartphone, Tablet, Games Console, and Digital Media Adapter.
The video game marketplace — which includes video game console hardware and software, online, mobile and PC games — will reach $93 billion in 2013, that’s up from $79 billion in 2012, according to Gartner.
Driven by strong mobile gaming and video game console and software sales, the global market is forecast to reach $111 billion by 2015.
The video game sector is constantly evolving to meet the expectations for product innovation. In a recent market study, Microsoft just beat out Sony for the top position in a game console competitive assessment — based on expectations for the impact of Sony’s PS4 and Microsoft’s Xbox One game consoles.
Nintendo secured the third position, but a significant gap remains between it and the market leaders.
The video game sector is about to get interesting, once again, with the introduction of better technology. New game consoles from Microsoft and Sony will both ship in selected markets during the 2013 holiday season.
The XBOX One and Sony PS4 appear evenly matched — with content remaining as the primary means of differentiation.