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Games industry revenue may hit $100 billion by 2018, says research firm

The games industry may achieve the $100 billion mark by 2018 assited by a boost from the rapidly expanding mobile market, according to a revised report from research firm DFC Intelligence.

DFC forecasts that global software revenue in 2014 will roughly be $64 billion globally. The firm believes that the combination of the "core gaming" and the expanding mobile markets are attributing to a rapid increase in industry revenue. The mobile game market is now expected to rise from $10 billion in 2013 to 30 percent of total game software revenue with $29 billion in 2018, up from the previously predicted $17 billion in 2018.

The company raised its performance forecast for the PlayStation 4 and Wii U. While the company took Microsoft's Xbox One unbundling of the Kinect peripheral into account, it still lowered its sales expectations for the console.