Cricket Media - Eastern Africa

  • Eastern Africa
  • Revenue in the Cricket Media market is projected to reach US$155.40k in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.94%, resulting in a projected market volume of US$179.60k by 2029.
  • In global comparison, most revenue will be generated in India (US$1,164,000.00k in 2024).
  • The average revenue per user (ARPU) in the Cricket Media market is projected to amount to US$0.05 in 2024.
  • In the Cricket Media market, the number of users is expected to amount to 3.5m users by 2029.
  • User penetration in the Cricket Media market will be at 0.7% in 2024.
 
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Analyst Opinion

The Cricket Media market in Eastern Africa has been impacted by minimal growth, as factors such as lower adoption of digital technologies and lack of health awareness hinder its potential. Despite this, the convenience of online services drives the markets growth.

Customer preferences:
Consumers in Eastern Africa are becoming more digitally savvy, leading to a rise in demand for online sports media content and platforms. This is driven by a growing middle class, improved internet connectivity, and access to affordable smartphones. Additionally, there is a strong emphasis on national pride and representation in the regions cricket market, with fans seeking out content that highlights local teams and athletes. This trend is further amplified by the younger demographics strong interest in social media and online engagement, making digital media an essential tool for cricket brands to connect with their target audience.

Trends in the market:
In Eastern Africa, the Cricket Media market is seeing a rise in digital platforms providing live streaming and on-demand coverage of cricket matches. This trend is driven by the increasing availability and affordability of internet services in the region. In addition, there is a growing demand for diverse and high-quality content among cricket enthusiasts. This trend is expected to continue, potentially leading to a shift away from traditional media channels and towards digital platforms. Industry stakeholders, such as cricket leagues and media companies, should closely monitor this trend and adapt their strategies to capitalize on the growing demand for digital cricket media in the region.

Local special circumstances:
In Eastern Africa, the Cricket Media Market is heavily influenced by the regions strong love for sports, particularly cricket, as well as its growing internet and mobile penetration. This has led to an increase in digital platforms and media outlets catering to cricket fans, unlike other markets where traditional media still dominates. Additionally, cultural factors, such as the popularity of cricket tournaments and matches, and regulatory circumstances, such as the establishment of cricket governing bodies, also play a significant role in shaping the dynamics of the Cricket Media Market in this region.

Underlying macroeconomic factors:
The Cricket Media Market within the Sports Market in Eastern Africa is influenced by several macroeconomic factors such as national economic health and global economic trends. Countries with strong economic growth and stable fiscal policies tend to have a higher demand for digital media, including cricket, which in turn drives the growth of the overall market. Additionally, government policies supporting the development of sports infrastructure, such as stadiums and training facilities, are also contributing to the growth of the cricket market in this region. On the other hand, limited economic resources and political instability can hinder the growth of the market. Furthermore, the rise of the middle class and increasing disposable income in this region are creating a larger consumer base for cricket media, boosting market demand.

Methodology

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.

Overview

  • Revenue
  • Analyst Opinion
  • Reach
  • Global Comparison
  • Methodology
  • Key Market Indicators
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