Baseball Media - CIS

CIS

Highlights

Revenue in the Baseball Media market is projected to reach US$3.04m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.42%, resulting in a projected market volume of US$3.95m by 2029.
In global comparison, most revenue will be generated United States (US$5.84bn in 2024).
The average revenue per user (ARPU) in the Baseball Media market is projected to amount to US$1.94 in 2024.
In the Baseball Media market, the number of users is expected to amount to 2.1m users by 2029.
User penetration in the Baseball Media market will be at 0.6% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

There has been a steady growth in the Baseball Media Market within the Sports Market in CIS nan, driven by factors such as increasing adoption of digital platforms, growing interest in baseball among consumers, and the convenience of online media services. However, the growth rate in this market remains negligible due to the limited reach of baseball in the region and the lack of innovation in media platforms. As a result, the market is facing challenges in attracting new audiences and sustaining existing ones, hindering its growth potential.

Customer preferences: As the digital landscape continues to expand, consumers in the Baseball Media Market are seeking more convenient and interactive ways to engage with their favorite sport. This has led to a rise in demand for live streaming services and personalized content, as well as increased participation in online fantasy leagues and sports betting. Additionally, with a growing population of younger, tech-savvy fans, there has been a shift towards social media and mobile platforms for consuming and discussing baseball, highlighting the importance of catering to digital preferences in the market.

Trends in the market: In the CIS, the Baseball Media Market is seeing a significant increase in live streaming and on-demand services for baseball games through digital platforms, allowing fans to watch games anytime and anywhere. In the United States, there is a growing trend of integrating social media into the viewing experience, with fans engaging in real-time discussions and reactions during games. In Europe, there is a rise in the use of virtual and augmented reality technologies to enhance the immersive experience of watching baseball games. These trends have the potential to enhance fan engagement and attract a global audience, providing new revenue streams for industry stakeholders.

Local special circumstances: In the CIS region, the Baseball Media Market is heavily influenced by the popularity of sports such as ice hockey and football. This has resulted in a lower demand for baseball content compared to other markets. However, the market is still driven by a strong passion for sports, with a growing interest in baseball among younger audiences. The unique cultural background and strong youth presence in the region has also led to the rise of alternative forms of media such as eSports, which has the potential to compete with traditional sports for viewership and advertising. Additionally, stricter government regulations against foreign content have also had an impact on the availability of international baseball coverage in the region, making it a more challenging market for media companies to enter and succeed in.

Underlying macroeconomic factors: The Baseball Media Market within the Sports Market is heavily influenced by macroeconomic factors such as technological advancements, consumer spending habits, and advertising revenue. In countries with strong economic growth, such as the United States and Japan, the Baseball Media Market has seen significant growth as consumers have more disposable income for entertainment and companies have higher budgets for Sports marketing. In contrast, in countries with struggling economies, such as Venezuela and Cuba, the Baseball Media Market has not yet reached its full potential due to limited consumer spending and advertising budgets. The global economic climate and national economic health greatly impact the growth and development of the Baseball Media Market.

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.