Business Week sees big grown in game industry

August 14th, 2007 by tim finin

An article in Business Week, Getting Serious About Gaming, quotes a report by PricewaterhouseCoopers Entertainment & Media Practice that predicts strong and steady grown in the game industry.

Like happening upon a gnome in the online fantasy game World of Warcraft or breaking the speed limit in Grand Theft Auto, PricewaterhouseCoopers’ June analysis of the growth of the global video game industry is hardly surprising. In its annual report “Global Entertainment and Media Outlook: 2007-2011,” the financial firm predicts the video game market will continue to expand at a compound annual rate of 9.1% over the next five years. Other reports, such as the NPD Group’s annual report on the U.S. gaming industry, show similar growth.

The BW article also discusses two additional grown areas not covered in the report — the use of game technology for training and combining games with online social networking systems.

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