Absolutely. The costs of this technology is falling pretty fast, so I could see 48 GB cards in the not too distant future with 64 GB not far behind.
As for how needed the added space is for 3rd parties, it's actually really hard to say. A lot of big games are obscenely and unnecesarily bloated and could have their size reduced by a very substantial margin without much loss in quality. And that's befor considering file size reductions that would occurr with reducing graphical fidelity. So a lot of games could fit on a 32 GB. Even more on a 48 GB. And the majority on a 64 GB.