PUBLISHER: Inkwood Research | PRODUCT CODE: 1284962
PUBLISHER: Inkwood Research | PRODUCT CODE: 1284962
The North America gaming market is set to increase with an 11.78% CAGR during the forecast period, 2023 to 2032. Rising smartphone usage, increased online gamers, government funding for digital production, technological advancements, and esports popularity are expected to propel market growth.
The North America gaming market growth evaluation entails a thorough assessment of the United States and Canada. The gaming industry constitutes a significant portion of Canada's entertainment sector and has demonstrated remarkable success due to its adaptability to evolving markets. Companies such as Ubisoft Montreal have innovatively engaged users by incorporating historical and cultural information into gameplay, enhancing the virtual tourism experience.
Supportive governmental policies, including tax breaks and other incentives, have been crucial in nurturing this sector. Additionally, Canada boasts a substantial pool of talented professionals contributing to the industry's growth. Home to several top-tier game development studios, Canada holds a strong position in the global gaming landscape.
Furthermore, its thriving independent gaming industry has recently produced critically acclaimed titles, underlining Canada's potential to nurture creativity and innovation within the gaming domain. The cumulative effect of these factors positions Canada as a vibrant hub for the gaming industry, with a promising outlook for future growth.
Leading market players are: Nintendo Co Ltd, Rockstar Games Inc, Sega Sammy Holdings Inc, etc.