The PlayStation 4 and Xbox One will both achieve sales of 100 million units by 2020.
This is according to a new report by DFC Intelligence, which has been shared with Games Industry International.
Both of these consoles were released late last year and make heavy use of the internet for gaming and other entertainment services.
DFC said people are now spending more on computer games than ever before and the organisation expects the industry to generate revenues of $77 billion (£46 billion) this year. It forecasts this figure to be near the $100 billion mark by 2018.
The gaming industry is paying close attention to the battle between the PS4 and Xbox One, with the former generally considered to have the edge on its rival. However, DFC believes both systems could have sold 100 million units by 2020, which would be the first time two competing consoles have achieved this feat.
Nintendo's Wii was the only console in the previous generation, which included the PlayStation 3 and Xbox 360, to reach the 100 million sales mark.
David Cole of DFC claimed that while the price of the latest consoles is likely to drop eventually, this will be a gradual process and any cuts that are made will probably only be small.
The PS4 is currently winning the sales race with the Xbox One and this is expected to continue throughout 2014. A report from analysts Wedbush has predicted 12 million of the Sony consoles will be sold this year, compared to nine million of Microsoft's offering.
It stated: "The lack of differentiation between the PS4 and the Xbox One means that consumers will initially make their purchase decision based on brand loyalty or price, with the former favouring Microsoft and the latter favouring Sony."
"Our choice of the PS4 to win the next generation console race is purely a function of its price."
Satellite broadband can provide connection speeds fast enough to game online even if you're based in a rural area.