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Thursday, February 27, 2014

U.S. gaming market racked up $15.39 billion spent in 2013


Total consumer spending in the gaming market reached $15.39 billion in 2013, signaling a 1 percent improvement over 2012, according to The NPD Group. Full-game downloads and downloadable content saw especially strong growth, in addition to more people embracing mobile gaming.

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Both gaming hardware and software, in addition to downloadable content, should increase as cost-effective next-generation hardware becomes available.

"The bottom line is that the overall games market is growing," said Liam Callahan, NPD Group analyst, in a press statement. "NPD reported declines in content and hardware spending in both 2011 and 2012, so the growth in 2013 is a positive indicator for future market growth as we enter the first full year with all three new consoles on the market."

The gaming industry is a multi-billion-dollar industry and is an indicator on the health of the overall consumer technology market.

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