The video game industry is expected to explode in the next four years according to the market researcher Gartner. The gaming industry as a whole is expected to grow from $74 billion in 2011, to $112 billion in 2015.
This is largely due to the recent increase in online gaming which is expected to grow annually at an increase of 27 percent. Hardware sales are expected to remain constant while software sales are expected to decline.
Online gaming is the largest factor in this dramatic increase, and subscription rates for these online games is expected to drop slightly, while the prices of virtual goods will rise greatly. However, mobile phones are also contributing to the rise in video game industry because gaming is a key component in many of these devices.
