WEBVTT 00:00:00.707 --> 00:00:06.260 Digital Goods includes games, literature and newspaper content 00:00:06.506 --> 00:00:10.275 that can be bought and used online. 00:00:10.459 --> 00:00:20.323 The world digital goods market in 2013 was worth $57 billion, 30% more than in 2012. 00:00:20.323 --> 00:00:25.432 Payments for digital goods made using PayPal were worth $9 billion, 00:00:25.432 --> 00:00:33.133 the number of transactions made using mobile devices almost doubled, totalling $27 billion. 00:00:33.133 --> 00:00:41.547 The total value of digital content in Russia in 2012 was $1.4 billion. 00:00:41.547 --> 00:00:52.160 Of this, games make up 97% of the market, video is worth around 2% and digital music and books represent to other 1% 00:00:52.160 --> 00:01:00.632 In 2013 18.5 million smartphones were sold in Russia, worth a total of 176 billion rubles ($5 billion). 00:01:00.632 --> 00:01:08.841 In terms of units, the market grew by 51% on 2012, in terms of value, by 35%. 00:01:08.841 --> 00:01:20.923 J'son & Partners Consulting predicts that by 2016 the Russian digital goods market will be worth $2.5 billion. 00:01:20.923 --> 00:01:26.490 Welcome to Digital Goods 2014 00:01:26.490 --> 00:01:30.490 Moscow - 4th March 2014. Digital October. Organisers - RAEC, PayPal. General Partner - VTB24, Technology Partner - Digital October.