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.
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.