Global Video Game Market Growth

According to a study by Strategy Analytics, The video game market worldwide has grown by over 50% in the period 2005-2010 thanks to the popularity of console games like the Wii and PS3. However, it is believed that Wii has already peaked in sales and will decline post 2011. This makes PS3 the most likely contender to be the leading game console in the long run with Xbox likely to follow second. The lifetime sale of Wii is expected to be 103 million units while that for PS3 is forecast to be 127 million units.

Global video game software market
2005 : $30.3 billion
2009 : $46.5 billion
2010 : $47.5 billion (estd.)