The global video gaming market is set to grow 11.1 percent a year untill 2017, boosted by a new generation of consoles and the increaisng popularity of online games, according to IDATE digital research and consultancy firm.
The market, estimated at 53.9 billion euros ($73.8 billion) this year , is expected to soar to 82.1 billionneuros in 2017, the France-based firm said in a report.
Sony, Nintendo and Microsoft, which are jostling for control of the gaming market, have each released the latest versions of their consoles ahead of the Chirstmas shopping season.
The wave of new devices is expected to keep the market buoyant until 2017, IDATE said.
Home consoles like Sony's Play Station or Microsoft's Xbox, which make up 31 percent of the market today, are expected to have a 40 percent share of the total market in 2017.
Handheld console such as Nintendo's 3D's or Sony's PSvista, which have a share of about 22 percent in 2013, are projected to record declining share to 13 percent in 2017, in the face of increasing strong competition from tablets and mobile phones.
"The choice of purchase between the tablet and console will determine the success of this generation of machines, " he said.
The offline computer game is expected to record an irreversible decline, while this year online games are emerging as the leader.
The increasing popularity of online games stems from the fact that they dominate the gaming industry in China and South Korea, Michaud noted.
"They are games oriented towards ' Free2play' and it is no surprise that they are gaining colossal success becasue the games are good, "he said, referring to the downloadable games.
One example is the online game Candy Crush which records 700 million sessions a day and racks up daily sales of $850,000 ( 630,000 euros).
On Android market, none is the traditional gave developers had games on the bestseller's list.
IDATE sees these key players producing fewer and fewer blockbusters, which are also becoming more and more expenisve to make .
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