According to the Digi-Capital’s 2014 Global Games Investment Review, it’s estimated that mobile and online games could make up 60% share of the games software market by the year 2017. The hike will automatically bump the revenue up to $60 billion creating a benchmark annual figure calculated roughly at around $100 billion within the next four years.
“Competition for growth is intensifying, as the new kids on the block harness the energy in the cycle to take them to the summit. However, this is an elite marathon not a sprint, so long term engagement performance is just as important as short term success,” said Digi-Capital MD Tim Merel on the report’s discovery.
During the past year, games have made a major impact on the amount of mobile device’s app usage. Approximately 32% of mobile app usage and 67% of tablet usage is contributed from playing games. “Mobile and Asia drove games M&A to a historic record $5.6 billion in 2013,” stated Merel.
In terms of revenue games demolished the competition, accounting for an incredible 72% of mobile app revenue in 2013. It will be interesting to see what this year’s growth in the market will bring.
If you’re interested in viewing the full report you can visit Digi-Capital’s website.
(Source: Pockegamer.biz )