VIDEO GAME MARKET SET TO TO EXCEED $93 BILLION IN REVENUE

By the end of this year, worldwide game spending will exceed $93 billion, according to research firm Gartner. That's up from the $78.9 billion spent last year, but lower than the $101.6 billion customers will spend in 2014. By the end of 2015, $111 billion will be spent on games that year, alone.
Gartner's study is based on predicted sales on hardware and software worldwide. It also includes mobile games, which are set to explode from $9.3 billion in spending last year to $22 billion in 2015. That success will cause trouble for handhelds, according to Gartner.

Handhelds will see revenue slide from $18 billion this year to $12.4 billion in 2015.

After a few years of disappointing sales, the console market is set to rebound in a big way. This year, total console spending will reach $44.3 billion, up from the $37.4 billion spent on consoles last year, according to Gartner. By 2015, total spending on consoles will reach $55 billion, accounting for about half of the entire game market.

"In stark contrast, dedicated game handheld devices and traditional PC games will play a smaller role in the game market and cease to be important game platforms," Gartner research director Brian Blau said in a statement.