Video game market to reach $82 billion

The Economist reports that the video game market was $56 billion last year, and will reach $82 billion by 2015.

English: Arcade Video Game

Image via Wikipedia

The current market has grown by 60% in the past 5 years, and is now twice the size of the music industry and is quickly catching up with the film industry. Much of this growth is due to emerging markets in China and demographic shifts in the US.

The biggest market is America, whose consumers this year are expected to spend $14.1 billion on games, mostly on the console variety.

Read more at Daily chart: Shoot ’em up | The Economist.

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