According to the latest report from research firm Newzoo, the global video games market will grow by around 9.4 percent this year. The company estimates that global revenues for video game companies will rise to a whopping $91.5 billion in 2015, up from $83.6 billion last year.
If the same level of impressive growth is sustained over the next few years, global revenues will hit $107 billion in 2017. This is an increase on Newzoo's previous estimates for the game market in 2017: last year, the company estimated that the global revenues would hit $102.9 billion by 2017, indicating the market is growing faster than expected.
Newzoo claims that increasing revenues for Chinese gaming companies, as well as the continued success of mobile gaming, will be the main contributors to market growth in 2015. With growth of an estimated 23 percent, China's gaming market is set to record marginally higher revenues than the United States', at $22.2 billion versus $22.0 billion.
The same company has also released a chart that depicts which public game companies recorded the highest revenue for 2014. Tencent, owner of League of Legends developer Riot Games, is the top earner with $7.2 billion in revenue, followed by Sony ($6.0 billion) and Microsoft ($5.0 billion).
Companies that round out the top ten highest revenues are all major players in the games market, which shouldn't come as a surprise. These companies include EA, Activision Blizzard, Apple, Google, Nintendo and Ubisoft.