Media - Russia | Statista Market Forecast

In Russia, revenue in the Media market is projected to reach US$16.72bn in 2024.
The largest market within this market in Russia is TV & Video, which is expected to have a market volume of US$5.85bn in the same year.
In a global context, the highest revenue will be generated the United States, amounting to US$541.20bn in 2024.
Furthermore, it is anticipated that in the Media market of Russia, 35.76% of total revenues will be generated through digital Media market by 2029.
In Russia, the media landscape is increasingly dominated by state-controlled outlets, limiting independent journalism and shaping public perception through curated narratives.

Definition:

The media market encompasses a diverse array of platforms and channels that facilitate the creation, distribution, and consumption of content, such as news, entertainment, and information. It includes traditional outlets like television, radio, and print publications, as well as digital platforms like social media, streaming services, and online news websites. This market plays a central role in shaping public discourse, cultural trends, and the dissemination of information on a global scale, making it a critical component of modern society.

Structure:

The market consists of several parts, namely Books, Games, Music, Radio & Podcasts, Newspapers & Magazines and TV & Video. These markets encompass digital and traditional revenues.

Additional Information:

The market comprises revenues, users, average revenue per user, penetration rates and advertising spendings. Revenues are generated through purchases, subscriptions, consumer spending or ad spendings. Key players of the market are companies, such as Netflix, Spotify, Activision or Amazon.
Market numbers for all the digital markets can also be found in the Digital Media topic.

Traditional media with non-digital revenues from TV, radio, music, print, and video games
Digital media with digital revenues from OTT video, music streaming, video games, digital versions of Newspapers & Magazines with ePapers & eMagazines, and eBooks

Movie theater ticket sales
Public licence fees collected in form of a tax (e.g. income tax in the Nordic countries)
Demo/trial versions
Esports & gaming advertising revenues

The Media market in Russia has experienced significant growth and development in recent years. Customer preferences have shifted towards digital media platforms, leading to the rise of online streaming services and the decline of traditional media outlets. This trend is driven by several factors, including changing consumer behavior, technological advancements, and the increasing availability of high-speed internet. Customer preferences in the Media market in Russia have undergone a significant transformation. With the widespread adoption of smartphones and the increasing accessibility of the internet, consumers are now seeking convenience and flexibility in their media consumption. This has led to a surge in demand for online streaming services, such as video-on-demand platforms and music streaming apps. These platforms offer a wide range of content that can be accessed anytime and anywhere, catering to the preferences of the modern consumer. In addition to the shift towards digital media, traditional media outlets in Russia have faced challenges in retaining their audience. Print newspapers and magazines have seen a decline in readership, as consumers now prefer to access news and information online. Television viewership has also been affected, with viewers turning to online streaming services for entertainment content. This change in customer preferences has forced traditional media companies to adapt and invest in digital platforms to remain competitive. The Media market in Russia has also been influenced by local special circumstances. The country's vast territory and diverse population have created unique challenges and opportunities for media companies. With a population of over 140 million people, Russia offers a large and diverse market for media content. However, the country's vast geography and regional differences require media companies to tailor their content to specific audiences and regions. This localization strategy has become increasingly important in capturing the attention and loyalty of consumers. Underlying macroeconomic factors have also played a role in the development of the Media market in Russia. The country's growing middle class and increasing disposable income have contributed to the rise in consumer spending on media and entertainment. As more Russians have access to discretionary income, they are willing to spend on digital subscriptions, online content, and entertainment experiences. This has created opportunities for media companies to monetize their content and expand their reach in the Russian market. In conclusion, the Media market in Russia is evolving rapidly, driven by changing customer preferences, technological advancements, and the increasing availability of high-speed internet. The shift towards digital media platforms and the decline of traditional media outlets reflect the changing behavior of consumers in Russia. To remain competitive, media companies must adapt to these trends, invest in digital platforms, and tailor their content to specific audiences and regions. The growth of the middle class and increasing disposable income also provide opportunities for media companies to monetize their content and expand their reach in the Russian market.

Data coverage:

The data encompasses B2C enterprises. Figures are based on media spending (on traditional media as well as digital media). All monetary figures refer to consumer spending on digital goods or subscriptions in the respective segment. This spending factors in discounts, margins, and taxes.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., Consumer Insights), as well as performance factors (e.g., user penetration, price per product, usage). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, number of internet users, and internet consumption. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Consumer Insights data is reweighted for representativeness.

This report presents a comprehensive analysis and additional information on the Advertising & Media market, in a PDF format.

Online video streaming has visibly transformed the global media landscape and impacted viewing behavior around the world. Driven by rapid leaps in internet adoption, widespread availability of mobile devices, and the ever-increasing popularity of online video content, the global video streaming market has experienced unprecedented growth in the last decade. In 2023, the over-the-top (OTT) video revenue reached an estimated 288 billion U.S. dollars, with the United States accounting for the largest share of revenue worldwide. Considering that the list of international streaming services and the catalog of online video content continue to expand at a rapid pace, the number of OTT users worldwide is expected to reach new heights in the future.