Research and Markets: Online Game Market Forecasts 2011 Report Forecasts Worldwide Online Game Market to Reach $29 Billion by 2016

Research and Markets (https://www.researchandmarkets.com/research/d2f4d0/online_game_market) has announced the addition of the “Online Game Market Forecasts 2011” report to their offering.

This 170-page report contains complete 5-year forecasts for the online game market through 2016 broken down by market (North America, Europe, Japan, East Asia), type of user (console hard-core, console moderate, console casual, PC hard-core, PC moderate, PC casual), type of revenue (subscription, advertising, digital distribution) and type of platform (console, PC), and game genre (MMOG, FPS, Sports/Racing, Strategy/Simulation, MMOG Lite, Casual).

DFC Intelligence announced the release of its latest Online Game Market Forecasts that estimate overall worldwide revenue for online games delivered via the PC or a video game console is expected to grow from $15.7 billion in 2010 to nearly $29 billion in 2016. This includes revenue from subscriptions, online usage, online advertising in games and digital downloads of game products.

According to DFC Intelligence analyst David Cole, Our overall forecasts for the online game industry have increased slightly. However, we have lowered our forecasts for online games on consoles and raised our forecasts for online games via the PC.

The PC platform continues to pioneer online business models and online game revenue for the PC is expected to be near $23 billion in 2016. Social networks like Facebook are helping to expand the distribution reach of PC games on a global basis. Furthermore, consumer acceptance of new business models such as buying digital goods continues to grow at a rapid pace. Revenue from subscriptions, online usage and virtual items is expected to increase 75% from 2010 to reach nearly $17 billion by 2016.

Video game console systems are also expected to increasingly embrace online business models. However, the growth on this side is no looking to be slower than 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 Cole.

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