Broadband Boosts Video Game Sales
Posted: 13th Jun, 2003 By: MarkJ
The strong take-up of hi-speed broadband Internet access is being touted as one of the chief reasons behind the ever growing popularity of online (multiplayer) gaming and associated software sales:
A new study by market analysts PricewaterhouseCoopers has forecast that the videogames industry will grow in net worth to $35.8 billion by 2007, fuelled by major advances in online gaming thanks to broadband, and in wireless gaming thanks to new mobile phone technologies.
The growth predicted by the study amounts to an 11 per cent compound rate, significantly ahead of the growth rate for the global entertainment and media industry as a whole, which is expected to grow at a compound rate of some 4.8 per cent over the same period.
Even at $35.8 billion, however, the videogame industry represents a mere drop in the ocean of entertainment and media - with the market as a whole set to be worth $1.4 trillion in 2007.
More @ Game Industry.
A new study by market analysts PricewaterhouseCoopers has forecast that the videogames industry will grow in net worth to $35.8 billion by 2007, fuelled by major advances in online gaming thanks to broadband, and in wireless gaming thanks to new mobile phone technologies.
The growth predicted by the study amounts to an 11 per cent compound rate, significantly ahead of the growth rate for the global entertainment and media industry as a whole, which is expected to grow at a compound rate of some 4.8 per cent over the same period.
Even at $35.8 billion, however, the videogame industry represents a mere drop in the ocean of entertainment and media - with the market as a whole set to be worth $1.4 trillion in 2007.
More @ Game Industry.
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