Game Investment Has Finally Recovered After Zynga
BY Abigail Tracy
Global investment in games hit $1 billion in 2013.
Good news for game makers: Global investment in games has returned to 2010 levels.
Investment in the industry grew 16 percent in 2013, according to a report by Digi-Capital, a London-based investment bank that serves the gaming and digital media industries. Total investments hit $1 billion for the year, and the average investment increased by 14.8 percent to $6 million, the report found.
Games dominated mobile device displays in 2013, accounting for 32 percent of all app usage. Games were responsible for a whopping 72 percent of mobile app revenue for the year, even though they represented just 40 percent of mobile app downloads.
The report estimated that by 2017, mobile and online games could total $60 billion in global revenue and account for 60 percent of the game software market.