Basketball Media - Baltics

Baltics

Highlights

Revenue in the Basketball Media market is projected to reach US$886.90k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -0.94%, resulting in a projected market volume of US$845.80k by 2029.
In global comparison, most revenue will be generated United States (US$5.92bn in 2024).
The average revenue per user (ARPU) in the Basketball Media market is projected to amount to US$5.89 in 2024.
In the Basketball Media market, the number of users is expected to amount to 207.5k users by 2029.
User penetration in the Basketball Media market will be at 2.6% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Basketball Media Market in the Baltics region is seeing steady growth, influenced by factors such as the rising popularity of basketball, increasing digitalization, and the convenience of online sports media services. However, this growth rate is minimal due to economic challenges and the limited reach of certain demographics.

Customer preferences: In the Baltics, there has been a noticeable increase in the consumption of basketball-related content through social media platforms. This can be attributed to the younger demographics in the region embracing digital platforms as their primary source of information and entertainment. As a result, there has been a growing trend towards short-form and interactive content, such as highlight reels and user-generated content. This shift towards digital media consumption is also fueled by the rise of influencer culture, where individuals with large online followings endorse and promote basketball-related products and events.

Trends in the market: In the Baltics, the Basketball Media Market is experiencing a surge in online content consumption, with a shift towards digital platforms for live broadcasts, news, and analysis. The increasing popularity of social media has also opened up new opportunities for fan engagement and advertising. This trend is expected to continue, driven by the growing internet penetration and the rise of the younger, tech-savvy demographic. Stakeholders in the industry will need to adapt to this digital shift in order to stay relevant and maximize their reach.

Local special circumstances: In the Baltics, the Basketball Media Market is heavily influenced by the popularity of basketball as a national sport and the strong fan base that comes with it. The small size of the region also allows for tight-knit fan communities and a high level of engagement with basketball media. Additionally, the growing use of social media and digital platforms has led to an increase in video content production, giving fans more access to behind-the-scenes and exclusive coverage of the sport. Furthermore, the relatively young population and high digital literacy rates in the Baltics contribute to a strong market for digital and mobile basketball media. Overall, these factors create a unique market dynamic in the Baltics for the Basketball Media Market within the Sports Market.

Underlying macroeconomic factors: The basketball media market is heavily impacted by macroeconomic factors such as GDP growth, consumer spending, and government policies that affect the overall economic climate in Baltics. The strength of the national economy is a key determining factor in the level of disposable income available for consumers to spend on sports-related media and products. In addition, government spending on infrastructure and sports facilities also play a role in the growth of the basketball media market. Finally, global economic trends and trade policies can impact the availability and cost of imported sports content, affecting the overall performance of the basketball media market in the Baltics.

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.