The results are massive, and it appears that the world has spent 18.6 billion dollars on PC games last year, growing the market by more than 15%! Stronger still, the PC gaming juggernaut is projected to continue growth towards a 25.5 billion dollar market in 2015.
While this may seem surprising against the backlighting of a global recession, it's important to note that during the great depression of the 1930's, movie theatres saw revenue soar. A trend that continued for at least two more decades.
This is largely attributed to the fact that in times of [economic] peril, people will continue spending hard on entertainment and leisure in order to ease their troubled minds.
The biggest global success story is Tencent's acquisition of a majority share in Riot Games for 400 million dollars. By november 2011, Riot Games was boasting more than 11 million monthly active players. This is an absolutely staggering number, testament to the unrivaled popularity of League of Legends.
At this rate of growth, it wouldn't be unrealistic to see the total prize pool for League of Legends season three far exceed the massive $5.000.000 in place for the current season, propelling competitive gaming even further into the global limelight.
Source: PCGA Press Release PDF.
Image by Escapist Magazine.
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