It is estimated that the gaming industry will reach $68 billion in profit by the year 2012. This is enough evidence that any investment in this venture would be one of great value. Console games are at the top of the list in terms of sales, with a growth of about $25 billion to an expected $35 billion by 2012. Sales in the United States alone are just under $12 and represent an increase from $8.6 billion in 2007. Next in line with sales are online games. This generated about $7 billion in 2007 and is expected to increase to over $14 billion by 2012. Any investment to be done would not include PC gaming as this is on the decline and is expected to continue as the competition and the demand for handheld devices are great.
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Not to be underestimated is the mobile gaming market which has seen a substantial increase in the last couple of years. Handheld devices are very common and the mobile gaming division has grown by 19% in sales since 2010. Mobile gaming has seen more complex games that give the user a more stimulating experience. Game Programming has spent hours on these games, to assure that the users get a wholesome experience.
Compared to the sales and use of music and movies, gaming for entertainment will surpass these as its growth is occurring at a rapid pace. The gaming industry is moving towards the eighth generation and the prospects are looking bright. This no doubt, will force the game companies to come up with more innovative ideas to capture and keep the market. In the long run, this move will create more jobs for developers and Game Testers. According to the Entertainment S