Report - Game Industry to hit $70B by 2015

Market research firm DFC Intelligence predicts that the game industry will hit an estimated $70.1 billion by 2015, due to console, portable, Pc and online gaming growth.

DFC estimates that the games business was at $60.4 billion in 2009, which means that in fives years, it will have expanded 16 percent according to its findings.

DFC analyst David Cole said in the report that prices on games are dropping as well, due to customers supporting the free-to-play business model.

"There is likely to be a significant change in spending patterns as consumer spending shifts away from buying packaged goods at retail to buying products online either for digital delivery or by paying a subscription or usage fee", he said.

PC business is expected to bit $20 billion by 2015, which DFC says will also see console sales quadruple thanks to online distribution and subscription models hitting the platforms.

DFC predicts the growth to start during 2013 and continue on into 2015, after a decline in console sales in 2010 through 2012.

In comparison, Strategy Analytics issued a report back in February, which stated that revenues are expected to grow from $46.5 billion in 2009 to $64.9 billion by the end of 2013.

Michael Pachter has also said that By 2013, software revenue is expected to exceeded $25 billion.

While each source's number is different, at least everyone agrees that the figure will be in the billions.

Via VentureBeat.