The gaming landscape in Canada is undergoing an extraordinary surge and affluence, solidifying its position as a prominent contender in the global market. Envisioned revenue is poised to reach an impressive US$5.77 billion in 2023. Additionally, an anticipated annual growth rate of 8.49% from 2023 to 2027 shows the industry's potential for greater success.
Projections suggest a remarkable surge in the market volume, ascending to a staggering US$7.99 billion by 2027, captivating a substantial user base of 14.35 million individuals. The soaring popularity of gaming among Canadians is exemplified by a projected user penetration rate of 35.9% by 2027.
Canada’s Gaming Market is Robust
While China is the global revenue leader with a mind-boggling projected sum of US$109,200 million for 2023, the Canadian gaming market remains formidable. The estimated average revenue per user (ARPU) in Canada in 2023 is an impressive US$444.90.
This figure underscores the economic potential and allure of the gaming industry in Canada. As the nation embraces technological advancements and nurtures a burgeoning community of gamers, the future of the gaming landscape in Canada appears extraordinarily promising.
Online Casino Gaming In Canada
In Canada, numerous online casino companies are in operation. They vary in terms of gaming options, ranging from extensive to more limited selections. Some online casinos are associated with legal sportsbooks, while others focus solely on casinos. Mobile casino enthusiasts have a wide range of options to choose from.
With many options available, players need help separating the wheat from the chaff. In this sense, organizations such as Maple Casino offer reviews on every top online casino Canada offers. Many players trust it as it offers reliable reviews.
Toronto, the Gaming Capital
Toronto has gained recognition in the global gaming industry. In 2021, UKIE/Newzoo reported that Canada is among the top ten global video game markets. Diversity is the motto of Toronto, and this principle extends to the gaming sector.
Mobile gaming dominates the Toronto market, with a volume of $746 million in 2022. It leads the way in global mobile gaming and is renowned for its exceptional eSports scene. One of the prominent eSports organizations in the city is investing $500 million to establish an eSports entertainment venue. The venue is expected to be operational within four years. This significant investment signifies that Toronto's influence as an eSports and gaming powerhouse is just beginning.
Mobile Boasts Lion’s Share of the Market
Notably, the mobile games sector takes the lead in market volume, accounting for US$4.16 billion in 2023. The rise in mobile users and the introduction of 5G and high-speed internet worldwide have boosted the mobile gaming segment.
In 2021, the market size of mobile gaming in Canada reached $1.9 billion. Canada holds the fifth spot in the global mobile gaming market, accounting for 2% of the market size. From 2017 to 2021, Canada's mobile gaming market saw a 19% compound annual growth rate (CAGR), benefiting from the pandemic's positive impact on the gaming industry.
The consumption of mobile gaming also increased due to more smartphone users and expanded internet access. Key players in Canada's mobile gaming market include Appstudio, Capermint Technologies, and Kevuru Games.
Final Thoughts
The gaming industry in Canada will continue growing at a remarkable rate. Based on insights from the industry, eSports and mobile gaming will spearhead the industry’s growth in the coming days. In addition, innovative technologies like artificial intelligence, augmented reality, and virtual reality will be essential.