The gaming sector in India is snowballing, even though there’s still a long way to go before it can compete globally with other leading industry powerhouses. The online gaming sector in the country is on the rise, and India Times reported that there will be 500 million players by 2025.
Now is the perfect time for Indian companies to capitalize on this booming sector and ensure that players gravitate to their games rather than those from international studios. India should look to replicate Canada’s successful model, which has seen the North American nation become one of the world’s leaders in the gaming industry.
Canada Built a Sprawling Ecosystem for the Gaming Industry
Canada’s gaming industry managed to position itself as one of the best in the world primarily because of the comprehensive ecosystem that has emerged in the country over the last few decades. The government has invested a lot into some of the world’s best universities for fostering game development and programming talent. India can learn from this and promote similar courses within its own educational system.
Along with this, there have been numerous government initiatives in Canada to promote gaming start-ups. For instance, if eligible, game studios can get as much as 35 percent input tax credits, up to a maximum of C$3 million. There are also other incentives, such as tax refunds for businesses that meet the criteria. Initiatives like these have encouraged many studios to set up shop in Canada, which, in turn, has stimulated the market segment growth. It would be worth putting similar systems in place across India, as this will attract more major studios to open branches there.
Embracing the Internet’s Biggest Trends
There’s no doubt that Canada has thrived thanks to jumping on some of the internet’s biggest trends over the last two decades. It has embraced the rise of the mobile and online casino industries, both of which are booming. Some of the best-known mobile app developers in the country include Skybox Labs and Big Blue Bubble. India has replicated Canada in this regard and has many up-and-coming mobile app developers like Nazara Technologies and 99Games.
The online casino industry has played a considerable role in helping Canada reach its current status, and the same could also happen in India. It’s home to some of the world’s leading online casinos, such as LeoVegas. According to a LeoVegas casino review, this is one of the best online casinos in the country, and it has been operating in the region since 2012. It began in Sweden, but its operators clearly saw the benefits of branching out into Canada. This turned out to be a fruitful decision.
According to CNN, India is regarded as the next frontier for the internet, with the expectation that its online casino industry will rise dramatically over the next few years. International brands are already flocking to the country, although Indian businesses should seize the opportunity to establish themselves simultaneously.
Canada’s gaming industry has boomed for various reasons, and there are other aspects that India could seek to model. Companies in the country often collaborate and share ideas, leading to rapid developments. They have also excelled in marketing and distribution, focusing on a solid online presence and social media usage. Ultimately, it will be interesting to see if India can replicate Canada’s impressive rise.