PS4 and Xbox One to hit "100 million units by 2020", DFC Intelligence estimates

DFC Intelligence expects "major" growth in 2014, and are forecasting up to $77 billion in game revenue compared to $68 billion in 2013.

According to information handed to GI International, by 2018 DFC believes the will reach $96 billion, thanks to the "core gamer spending more than ever."

PlayStation 4 and Xbox One are both expected by the firm to hit 100 million units by 2020 with "price and strength in Europe" giving PS4 a slight edge.

The firm believes PS4 "could easily become lead platform for Western and Japanese developer and publishers," with the firm's David Cole suggesting price cuts could come slower than expected on next-gen systems.

"We modeled price cuts into that but we think they are going to happen fairly slowly and there are likely to be more bundles versus just a straight price cut. We think they will do their best to maintain a solid price point," he said adding that the firm was being "conservative" with its estimates.

The DFC Intelligence will be released in full this week.