According to an industry analysis report published by PricewaterhouseCoopers (PwC), the video game industry will continue to be considered as an above-average growth segment of the global entertainment industries. Additionally, they have claimed that this year's investments made by the game industry is "set to exceed" the current spending for the music industry.

 
The global spending has jumped 14.3% to US$ 31.6 billion back in 2006, and PwC expects that the amount should climb another 18.5% to US$ 37.5 billion in 2007. The report also projects that the game industry will officially overtake the music industry by 2008 in the US, as data from key growth factors in the industry have been gaining performance this year.

Such factors include that of online and wireless games, next generation consoles and the advent of in-game advertising. Although much of the analysis took the US into question, PwC cut back on US-only expectations and spread its views over the global scape.

Click on Full Article to learn more of the gaming industry's performance as a whole and the best performing region for 2007.