Digital games market to reach $50bn in five years

The global digital games market will more than double over the next five years to $53 billion, a research company has claimed.

In the report, business analysts Ovum said revenues will grow at an annual rate of 17 per cent from $24 billion at the end of 2011.

It also forecasts that revenues from mobile gaming will triple over the next five years to be worth more than $17.5 billion.

Develop has more details.