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Personally I think no. Most of the growth this past cycle came almost entirely from Nintendo. And that audience moved on to smartphones and don't want to pay even $5 for a game. Why should they? Those $1 games keep their attention for a while and then there are 1000 others waiting once they tired of that one.

This generation will see a contraction over 5 years IMO.

PS2 + XBox = 175 million sold approx.

PS3 + 360 = 140 million sold approx.

To me this doesn't show a lot of growth outside when looking at non-Nintendo platforms.