Legal Niches

PwC Report: Global VG Market to Hit $86.8B in 2014

By pete_gallagher

Even tough economic times can't stop the impact digital technologies are having on the worldwide entertainment and media (E&M) markets states PricewaterhouseCoopers, who added that it's 'clear' that consumers are driving these changes.

PwC's Global Entertainment & Media Outlook 2010-2014 predicts that the global E&M market will grow by 5 percent compounded annually in order to reach $1.7 trillion in 2014. 2009's total expenditures were pegged at $1.3 trillion.

PwC pegged Latin America as the fastest growing region, forecasting an annual growth rate of 8.8 percent over the next five years, leading to a total of $77 billion in 2014. Asia Pacific was the region with the second most forecasted growth (6.4 percent), followed by Europe, Middle East and Africa at 4.6 percent.

North America was called the 'largest, but slowest growing market,' with growth expected to be 3.9 percent compounded annually, reaching $558 billion in 2014.
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Full post as published by GamePolitics.com on June 17, 2010 (boomark / email).