I've been a gamer for 30 years. The industry is not dying, rather the industry is not providing what the market wants.
While mobile devices will gain some limited market share they will never replace home gaming on HDTV's and surround sound. The consoles hardware has become quite dated and the software releases are nothing short of stale for the most part. Add in the money grabbing DLC marketing and is it any wonder that gamers are saying no to the current releases.
When the next generation consoles are released this same site will blog about the return of modern gaming. Happens every cycle.