Two new industry reports from the research firm <a href="http://www.datamonitor.com">Datamonitor</a> predict that the market for online games and interactive TV (iTV) games in Europe and the US will grow tremendously by 2005.
According to the reports, the combined online and iTV games industry in Europe and the US will be worth $174 million in 2001, and grow to $5.6 billion in 2005 -- a compound annual growth rate of 138%. Other predictions from Datamonitor:
The number of online gamers in Europe and the US will grow from over 13 million in 2001 to more than 111 million in 2005, due to the emergence of online gaming via consoles, greater broadband access and a greater variety of games.
The company believe that the failure of online advertising will force publishers to charge users to play. By 2005, subscriptions and pay per play will represent almost 90% of the revenues of the market.
By 2004 more people will be playing online via consoles than PCs.
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