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Online Gaming Market to Grow to $4.4 billion

Posted Tue, Aug 29, 2006 by LadySirse

From $1.1 billion in 2005 to $4.4 billion in 2010

This number crunching press release ran across the desks today here at Ten Ton Hammer and we though we would share it with you. It tells the world what gamers have been saying for a while now...We are here to stay, this isn't a phase!

New market research detailing the growth of the online game industry will be announced at the Austin Game Conference (AGC) next week on September 6th, 7th, and 8th in Austin, Texas. The online game market in will grow from $1.1 billion in 2005 to $4.4 billion by 2010 in North America, according to a new study conducted by Parks Associates, a Dallas-based market research and consulting company, who will discuss their new data at AGC. Currently PC gamers spend an average of 18.5 hours playing each week - more than console (13.6 hours), portable (8.9 hours), or mobile games (4.6 hours). Of those PC gamers, 70% play some form of multiplayer online game.

At a time of exponential growth in online games, the fourth annual Austin Game Conference will bring together over 2,400 game industry professionals from 20 countries representing more than 520 companies. Additional market research, forecasts and current industry trends from researchers Parks Associates, NPD Group, and MMOGCHART.COM will be discussed in detail at the Austin Game Conference.

Read the full press release to learn more about these exciting numbers. Do you think they are accurate? Let us know right here in the forums at Ten Ton Hammer your one stop resource for all the latest news, information and communities for all your favorite MMOs.

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