Though the gaming industry has been in flux for the past few years, the rise of smartphones and mobile phone accessories are poised to breathe new life into the fluctuating market.

According to a recent report from Gartner, spending on gaming is expected to reach $74 billion this year. This represents a 10.4 percent increase from last year, and the growth is expected to continue, with spending reaching $112 billion in 2015.

Mobile gaming will represent a significant portion of that growth, Gartner stated. In 2010, mobile accounted for only 15 percent of the gaming software market. However, by 2015, Gartner estimated that mobile's share will increase to 20 percent.

"As the popularity of smartphones and tablets continues to expand, gaming will remain a key component in the use of these devices. Although they are never used primarily for gaming, mobile games are the most downloaded application category across most application stores," said Gartner principal research analyst Tuong Nguyen.

Mobile gaming has increased significantly with the rise of touchscreen mobile devices. According to a recent study from Flurry Analytics, American smartphone owners spent 81 minutes each day accessing mobile apps. Forty-seven percent of that time was spent playing games.