The Cricket Media market in Israel is experiencing steady growth, fueled by factors such as increasing digitalization, growing interest in sports, and the convenience of online platforms. However, the market growth is being impacted by a minimal decline due to changes in consumer preferences and economic factors.
Customer preferences: In Israel, there has been a rising demand for digital access to cricket content, such as live streaming and on-demand highlights, due to the increasing popularity of the sport among younger demographics. Additionally, cultural influences, such as the growing influence of South Asian communities, have led to a higher demand for in-depth coverage of cricket matches and players. This shift towards digital consumption of cricket media is also a result of the convenience and flexibility it offers, catering to the busy lifestyle of modern consumers.
Trends in the market: In Israel, the Cricket Media Market is experiencing a shift towards digital streaming services, as more consumers are turning to online platforms to access live matches and highlights. This trend is expected to continue as technology advancements and a younger, tech-savvy audience drive demand for online content. This has significant implications for stakeholders, such as broadcasters and advertisers, who must adapt to this new landscape. The Cricket Market within the Sports Market is also witnessing a rise in e-sports, with leagues and tournaments gaining popularity among younger audiences. This presents a unique opportunity for industry players to tap into a growing market and reach a wider audience through digital channels. Additionally, the rise of social media and influencer marketing has also impacted the Cricket Media Market, as players and teams use these platforms to engage with fans and promote matches. This trend is expected to grow, presenting an opportunity for the market to further expand its reach and appeal to a global audience. Overall, the evolving landscape of the Cricket Market within the Sports Market in Israel offers potential for growth and innovation in the digital era.
Local special circumstances: In Israel, the Cricket Media Market is influenced by the countrys high tech industry and its focus on innovation. This has led to a rapidly growing streaming market for cricket matches, with platforms such as Sport5, HOT, and YES offering live coverage of major tournaments. Additionally, the cultural significance of cricket in South Asian communities in Israel has created a strong demand for dedicated coverage and media platforms. The market is also impacted by regulatory policies, such as the governments support for promoting local sports and media industries, further bolstering the growth of the Cricket Media Market.
Underlying macroeconomic factors: The Cricket Media Market in Israel is impacted by a number of macroeconomic factors such as technological advancements, government policies, and overall economic health. The country has a strong focus on innovation and investment in technology, which has created a supportive environment for the growth of the cricket market. Additionally, with a stable and growing economy, Israel has seen an increase in consumer spending power, leading to a higher demand for sports-related media and entertainment. Furthermore, the governments initiatives to promote sports and healthy lifestyles have also contributed to the growth of the Cricket Media Market in the country.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
