While this news is slightly outdated, it is a subject near and dear to my heart. As an avid video game fan, I love to see and industry that I invest so much into thrive the way the Video Game Industry has. The video game market is thriving today and it keeps getting better and better. A research firm DFC Intelligence estimates that the worldwide video game industry is bound to reach $70.1 billion by 2015. I wanted to make this post to draw attention to the video game market, a field I hope to get involved in soon.
These are some facts drawn from a report made by Stephen Siwek from the the Entertainment Software Association:
– The U.S. computer and video game software industry’s value added to U.S. Gross Domestic Product (GDP) was $4.9 billion.
– The real annual growth rate of the U.S. computer and video game software industry was 10.6% for the period 2005-2009 and 16.7% for the period 2005-2008.
– During the same periods, real growth for the U.S. economy as a whole was 1.4% for 2005-09 and 2.8% for 2005-08.
It’s crazy to hear that the video game industry’s growth rate is annihilating the US economy’s growth rate. On a world scale the impact of video games is much higher, since many major video game businesses are based in Europe.
I hope this blog post has helped shed some light on the value of the video game industry.
References:
http://www.cnet.com/news/video-game-industry-grew-4-times-faster-than-us-economy-in-2012-study-says/