informa
/
1 MIN READ
News

Analysts: Online Games Market Will Nearly Double By 2016

Analysts at DFC Intelligence are estimating that revenues for the worldwide online gaming market will reach $29 billion by 2016, up 84 percent from the $15.7 billion reported in 2010.
Analysts at DFC Intelligence are estimating that revenues for the worldwide online gaming market will reach $29 billion by 2016, up 84 percent from the $15.7 billion reported in 2010. According to its latest Online Game Market Forecasts report, the majority of those revenues ($23 billion in 2016, or 88 percent) will continue to come from online games on the PC. An estimated $17 billion of that will come from subscriptions, online usage and virtual goods, with consumer acceptance of the latter said to be growing "at a rapid pace." The firm has raised its overall online game industry forecast slightly, though it has lowered its console forecast in the process. While dedicated game consoles are expected to embrace online business models more in the coming years, growth in this sector is slower than the firm expected. "The Wii U is the only new console system on the horizon and Nintendo has never had a major focus on online games," said DFC analyst David Cole. "More importantly the short lifecycle and fragmented nature of console hardware can make it hard for companies to try creative new business models." The recent attacks on Sony's PlayStation network may also cause console manufacturers to "take a more conservative attitude" toward online gaming, according to DFC.

Latest Jobs

Cryptic Studios

Remote
1.19.23
Senior Producer

Night School Studio

Los Angeles, CA, USA
1.09.23
Level Designer / Scripter, Games Studio

Fast Travel Games

Hybrid (Stockholm, Sweden)
1.09.23
Social Media / Community Manager
More Jobs   

CONNECT WITH US

Explore the
Subscribe to
Follow us

Game Developer Job Board

Game Developer Newsletter

@gamedevdotcom

Explore the

Game Developer Job Board

Browse open positions across the game industry or recruit new talent for your studio

Browse
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more