American Football Media - Western Africa

Western Africa

Highlights

Revenue in the American Football Media market is projected to reach US$4.70m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.64%, resulting in a projected market volume of US$4.85m by 2029.
In global comparison, most revenue will be generated United States (US$15.48bn in 2024).
The average revenue per user (ARPU) in the American Football Media market is projected to amount to US$4.59 in 2024.
In the American Football Media market, the number of users is expected to amount to 1.1m users by 2029.
User penetration in the American Football Media market will be at 0.2% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

In Western Africa, the American Football market within the Sports market has seen negligible growth due to limited awareness, lack of infrastructure, and cultural preferences. Despite potential for growth, the market struggles to gain traction, hindering its development.

Customer preferences: As the popularity of American football continues to rise in Western Africa, there is a growing demand for diverse and engaging media coverage. This shift is driven by increasing availability of digital platforms and streaming services, catering to the preferences of younger generations who favor on-the-go and on-demand content consumption. Additionally, the integration of technology in live game experiences through virtual and augmented reality has further enhanced the fan engagement, driving growth in the American football media market.

Trends in the market: In recent years, there has been a significant increase in the use of social media platforms by American football franchises, leagues, and players to engage with fans and increase revenue. This trend has been fueled by the growing popularity of American football in Western Africa, as well as advancements in technology and the accessibility of social media. With the rise of influencer marketing, digital content creation, and live streaming of games, American football media market is witnessing a major shift in how the sport is promoted and consumed. This trend is expected to continue in the future and presents exciting opportunities for industry stakeholders such as teams, media companies, and advertisers. However, there is also a need for privacy and regulation to ensure fair use and protection of personal data in the online space.

Local special circumstances: In Western Africa, the American Football Media Market is heavily influenced by the regions passion for the sport. The popularity of American football in this region drives demand for media coverage, with local broadcasters investing in airing games and creating content tailored to local preferences. Additionally, the rapid growth of social media usage in this region has opened up new avenues for digital distribution and engagement with fans. This is further augmented by cultural factors, such as the high value placed on community and spectatorship, which have an impact on the way American football is consumed and marketed in this market.

Underlying macroeconomic factors: The American Football Media Market is heavily impacted by macroeconomic factors such as consumer spending, technological advancements, and advertising revenues. Countries with a strong national economy and higher consumer spending tend to have a larger fan base for American football, resulting in higher viewership and increased advertising revenues. Furthermore, countries with favorable fiscal policies, such as tax cuts for media companies, can also contribute to the growth of the market. On the other hand, global economic trends, such as the current COVID-19 pandemic, can have a significant impact on the market as it may disrupt live events and advertising deals. Thus, it is crucial for companies operating in this market to closely monitor macroeconomic factors and adjust their strategies accordingly to stay competitive.

Data coverage:

The data encompasses B2B revenues. Figures are based on media spending from businesses to several clubs. That also includes the revenues from advertising as this is part of media and broadcasting contracts the individual clubs have with their respective leagues.

Modeling approach / Market size:

Market sizes are determined through a top-down 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 ticket, price on sport goods). 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 or linear forecasting, as it fits the development of either strong growing markets or more sophistacted and saturated markets, such as soccer in Europe.

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 impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. 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). We also account for the different cycles of international tournaments, such as world cups or continent cups. Consumer Insights data is reweighted for representativeness.