Here are some more interesting facts about the industry in Canada

canada gaming

Video Gaming in Canada Contributes $2.3B to Their Economy
Canada is home of 329 video game companies with 16,500 employees.
Quebec has 97 companies, 96 in Ontario and British Columbia has 67.
Quebec has employed a total of 8,750, in Ontario it reaches 1,850 and 5,150 from British Columbia.
Eighty-eight percent of the companies employ 99 staff or less.
The average age of the work force is 31 years old.
Annually, average income is $72,500.
The majority of the revenue is from console games.
On the average, each mobile game needs to be developed for 156 days with a team of seven people.
Canadians both men and women love to play video games, 54% are male and 46% are female.
Truly, the video gaming in Canada is making big waves not just in the country but all throughout the world.

Statistical Figures of the Gaming Industry in Canada
September 18th, 2013

The video game industry in Canada is increasing by the day. It is primarily made up of different organizations such as the micro, small, medium, and large companies. Among these four types of organizations according to size, large organizations comprise the majority of the industry. This is primarily because they have enough resources to develop new technology, update applications, expand their scope, and to keep the company afloat. Thus, they have the capability to survive in a highly competitive market.

The Percentage of Business Structures in Canada
The video gaming business structures in Canada is categorized into four types which is the Private – Corporation, the Private – Partnership, the Private – Sole Proprietorship, and the Public Corporation. According to the ESAC Industry survey, most of the video game companies in Canada are operated by private – corporations which accounts for 76% of the entire population of video game firms; 12% of them are owned by a public corporation; 7% of them are owned by a private – partnership business; and 5% of them are owned by a private – sole proprietorship business structure.

Company Ownership
Statistical Figures of the Gaming Industry in Canada
The ESAC Industry Survey 2013 conducted a survey about the percentage of Canadian-owned companies and foreign-owned companies in Canada. According to their survey, 76% of the companies are owned by Canadians while the other 24% are owned by foreign investors.

The Lifespan of a Video Game Company in Canada
The ESAC Industry Survey 2013 also conducted studies on the percentage of video gaming companies that exists in Canada according to the company age. They categorized it into the following; startup phase, 1-3 years, 3-6 years, 7-11 years, 12-20 years, and more than 20 years. According to them, the average lifespan of video game firms in Canada is more or less 7.4 years. More than half of them belong to less than 6 years; with startup phase at 8%, 1-3 years at 24%, and 3-6 years at 23%. Firms that have kept afloat for more than 20 years account for 6%, 12-20 years with 18%, and 7-11 years at 21%.

Highly Competitive Market Structure of Canada’s Video Gaming Industry
September 16th, 2013

Canada is considered to be one of the video game powerhouses in the world. This is primarily because their video game industry employs more than 15,000 employees that make them the third biggest video game industry in the world, next to Japan and the United States of America. Some of the popular games in the gaming world, such as the Assassin’s Creed and FIFA, are actually developed in Canada.

Since the video game industry in Canada is relatively huge, its overall market structure is considered to be unending. Aside from that, more and more people decide to put up firms in this industry since their government actually offers tax incentives to them.

However, because it is a huge and growing industry, the structure of the industry actually favors those who come in to the market strongly. That is, the business owner must have enough resources to keep the business afloat and to give room for expansion. Those who do not have enough resources usually stay small or fail in the industry.

Nature of the Video Game and Growth of Technology
Highly Competitive Market Structure of Canada’s Video Gaming Industry
With the advent of technology and the typical nature of every gamer, they evolved from hardcore gamers to casual gamers. This is primarily because most games can now be played in a handset; that is, you can play it anytime and anywhere. Thus, the growth of these video games is also seen in the mobile gaming industry as evidenced by those games that have a mobile version.

Highly Competitive Market Structure of Canada’s Video Gaming Industry

The Shift of the Industry
There is an evident shift to the mobile gaming industry in small video gaming firms primarily because an increase in profit is expected. This shift is also supported by the Canadian government with regards to the tax incentives. These tax incentives actually aim to position small firms in a more favorable and stable industry.

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