Social Media & Games 2015 Year in Review and Predictions for 2016

Thursday, January 14, 2016 - 18:47

2015 was another year of evolution and dynamic growth in the social media and game industries.

  • Market Growth – Game market revenues, including revenue from mobile and other platforms, continues to grow. Digi-Capital forecasts that games software revenue will grow from $88 billion in 2015 to $110 billion by 2018. The growth in mobile games compared to online or console also continues to grow. Digi-Capital forecasts that mobile games revenue will grow from $29 billion in 2015 to $45 billion by 2018. Big game companies are focusing more efforts on fewer games. For example, mobile game giant Kabam made a strategic decision to sell-off some of its older games to focus its efforts on its top games.
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  • Convergence – The social media and game industries are seeing major convergences with traditional entertainment, including film and television and other broadcast media. The industries are also seeing rapid advancement of eSports, fantasy sports, virtual reality and augmented reality games. These developments will inevitably lead to further evolution of the technology and hardware platforms that support social media and games.

 

Trends for 2016 include the following: [read more]