Cricket Media - Western Africa

Western Africa

Highlights

Revenue in the Cricket Media market is projected to reach US$366.40k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.66%, resulting in a projected market volume of US$417.80k by 2029.
In global comparison, most revenue will be generated India (US$1.16bn in 2024).
The average revenue per user (ARPU) in the Cricket Media market is projected to amount to US$0.09 in 2024.
In the Cricket Media market, the number of users is expected to amount to 4.5m users by 2029.
User penetration in the Cricket Media market will be at 1.0% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Cricket Media Market in Western Africa is seeing a minimal decline in growth, impacted by factors such as limited access to technology and lower health awareness among consumers. Online cricket services are slowly gaining popularity, but traditional media still holds a strong presence.

Customer preferences: The Western African region has seen a rise in digital media consumption, with more individuals turning to online platforms for cricket matches and updates. This trend is largely fueled by the increasing availability of affordable smartphones and internet connectivity. Additionally, there has been a growing demand for local language content in the cricket media market, catering to the diverse demographic in the region. This shift towards digital and localized content reflects the changing preferences and lifestyle factors of consumers in these markets.

Trends in the market: In Western Africa, the Cricket Media Market is seeing a rise in online streaming platforms for live cricket matches, as well as digital publications dedicated to cricket news and analysis. This reflects a growing interest in cricket in the region and the increasing availability and accessibility of internet and mobile devices. This trend is expected to continue, with more investments being made in digital media outlets and partnerships between broadcasters and online platforms. This could potentially lead to a shift in how cricket is consumed and monetized, as well as attract more international sponsors and viewers. Additionally, the use of social media by players, teams, and leagues is becoming more prevalent, providing a unique opportunity for marketing and fan engagement. As the popularity of cricket continues to grow in Western Africa, the digital landscape is expected to play a crucial role in its development and success.

Local special circumstances: In Western Africa, the Cricket Media Market of the Cricket Market within the Sports Market faces multiple challenges due to limited internet infrastructure and low disposable income. This has resulted in a heavy reliance on traditional media such as radio and TV for sports coverage. Additionally, cultural factors such as the prevalence of other sports like football and basketball, as well as regulations on broadcasting and advertising, play a significant role in shaping the landscape of the Cricket Media Market in this region.

Underlying macroeconomic factors: The Cricket Media Market in Western Africa is influenced by macroeconomic factors such as national economic health and government initiatives. Countries with stable economies and supportive policies for media and sports industries are experiencing faster market growth compared to regions with economic challenges and limited government support. Additionally, global economic trends such as increasing internet usage and growing interest in sports entertainment are driving the demand for cricket media and technology solutions. Moreover, investments in infrastructure and technology advancements are expected to further boost the growth of the Cricket Media Market in Western Africa.

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.