Worldwide video games market will grow 9.4 percent this year, says report

The global market for video games is set to jump by 9.4 percent this year, according to research firm Newzoo.

In its upcoming 2015 Global Games Market Report, the researchers estimate that the 2015 games market will jump from $83.6 billion in 2014, to $91.5 billion in 2015.

Newzoo predicts that “at this pace, global revenues will reach $107 billion in 2017,” according to a release today. Last year, the company said that the market would be worth $102.9 billion by 2017.

Increasing game revenues in Asia and continued success of mobile gaming are the main drivers of growth, according to the company.

The research also states that China’s 23 percent growth this year in games revenues could put it ahead of the U.S. for the first time. The Chinese market is predicted to come in at $22.2 billion compared to the United States’ $22.0 billion.

Newzoo recently released a chart showing the top earning public companies operating in games, with Tencent out in front.