Global Industry Analysts expects the global gaming market will be worth $91 billion by 2015.
This prediction was published in GIA's latest report, Video Games: A Global Strategic Business Report, which looks at gaming trends between 2001 and 2015.
The firm attributed the expected growth in market value to the rising number of consoles purchases, the popularity of MMOs and mobile games and increased penetration of high speed internet.
It also noted the advances in all these areas in developing countries in the Asia-Pacific and Latin America territories.
The report also stated purchasing figures for Xbox 360, PS3 and Wii show that gamers in Europe and North America have spent the most on games in 2009 so far.
The East Asian and Japanese markets are driving sales for the MMO sector, while mobile phone games are behind the growth of games in developing countries.