We’re almost at the half way point of the year (scary, isn’t it?) and analysts already have a good idea how the rest of the year is going to pan out. With new releases of the consoles Xbox One, Playstation 4 and Ouya, as well as the Oculus Rift gaining a lot of attention, 2013 is definitely going to see a huge increase in revenue. In fact, the latest speculation is that the industry will grow to $70.6 billion by the end of the year.
While modest growth in North America and Europe is expected, what is really interesting is that a fairly big growth is expected in Latin America and the Pacific region. Why is that weird? Well, generally they aren’t known for making too many games. It will be cool to see games coming out from these countries, many fully developed and even published within the country and then distributed outwards.
Looking even closer, where is the money expected to come from? Well, the bulk of it is expected from consoles, which makes the most sense. The year is going to end with a bang with the two biggest consoles coming out likely around the holiday season. Those who adopt early (and for video games, there’s always a ton of early adopters) will contribute to a spike in revenue.
It’s expected that PC gaming will actually drop 7%, but it won’t really matter because MMORPG revenue will compensate for it and then some. That’s where the money really is for PC games; it’s not just about releases, but ongoing subscriptions and DLC.
All of these stats are coming from an early look at Newzoo’s 2013 Global Games Market report. The full report will be out June 6th, right before E3. What is revealed at E3 though, might even further change speculation depending on any new games or gadgets announced.