Soccer Media - Cambodia

Cambodia

Highlights

Revenue in the Soccer Media market is projected to reach US$4.09m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.47%, resulting in a projected market volume of US$4.62m by 2029.
In global comparison, most revenue will be generated United Kingdom (US$7.84bn in 2024).
The average revenue per user (ARPU) in the Soccer Media market is projected to amount to US$6.32 in 2024.
In the Soccer Media market, the number of users is expected to amount to 713.3k users by 2029.
User penetration in the Soccer Media market will be at 3.8% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Soccer Media market in Cambodia has seen minimal growth, with factors such as low internet penetration and limited technology adoption hindering its development. However, as the country continues to modernize and focus on digitalization, there is potential for growth in the near future. The convenience of online services and heightened media coverage of soccer games may also contribute to the markets expansion.

Customer preferences: With the rise of digital media platforms, consumers in Cambodia are now turning to online streaming services and social media for their soccer content. This trend is being driven by the increasing availability of low-cost smartphones and internet access, particularly among the younger demographic. Additionally, the popularity of live streaming and interactive fan engagement on social media is fostering a more engaged and connected fan community. This shift towards digital consumption is also opening up new opportunities for brands and advertisers to reach a highly engaged and tech-savvy audience.

Trends in the market: Currently, there is a growing trend of using social media platforms and online streaming services to consume soccer content in Cambodia. This trend is being driven by the increasing availability of smartphones and internet connectivity in the country. As a result, there has been a significant rise in online media companies and digital platforms focusing on providing soccer-related content. This trend is expected to continue, with a potential increase in partnerships and collaborations between media companies and soccer clubs, as well as expansion efforts into other Southeast Asian markets. This presents a significant opportunity for industry stakeholders, but also poses potential challenges for traditional media outlets in maintaining their market share.

Local special circumstances: In Cambodia, the Soccer Media Market is influenced by unique local factors such as limited internet access and low digital literacy rates. Additionally, the countrys strong cultural tradition of interest in soccer contributes to a large viewership for soccer content. Furthermore, government restrictions on foreign media ownership have led to the emergence of local media players dominating the market. These factors all play a significant role in shaping the dynamics of the Soccer Media Market in Cambodia.

Underlying macroeconomic factors: The growth of the Soccer Media Market is heavily influenced by macroeconomic factors such as economic stability, consumer spending, and government policies. Countries with stable economies and high levels of consumer spending are seeing rapid growth in the Soccer Media Market, as more individuals have the means to consume and engage with sports content. Additionally, favorable government policies, such as tax incentives for media companies, can also drive market growth. On the other hand, regions with economic instability and limited purchasing power may experience slower growth in the Soccer 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.