Soccer Media - Central America

Central America

Highlights

Revenue in the Soccer Media market is projected to reach US$11.60m 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$13.23m 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$6.28 in 2024.
In the Soccer Media market, the number of users is expected to amount to 2.1m users by 2029.
User penetration in the Soccer Media market will be at 3.5% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

In Central America, the Soccer Media Market is seeing moderate growth influenced by factors like digital media consumption and growing interest in soccer. Despite minimal growth, the market is impacted by changes in advertising strategies and the rise of online streaming services.

Customer preferences: The rise of online streaming platforms has shifted consumer preferences towards more convenient and personalized media experiences. This trend has also impacted the way soccer is consumed in Central America, with a growing demand for live streaming of games and on-demand access to archived matches. Additionally, the increasing presence of social media in the region has allowed for more targeted advertising and real-time engagement with fans, creating a more immersive and interactive viewing experience. These shifts reflect changing cultural attitudes towards media consumption and highlight the importance of digital engagement in the Soccer Media Market.

Trends in the market: In Latin America, there is a noticeable increase in the use of social media by soccer teams and players to connect with fans and promote games. This trend has led to a significant growth in online fan engagement and a surge in digital advertising opportunities within the soccer media market. With the rise of streaming platforms, there has also been a shift towards more digital consumption of soccer content, leading to a potential disruption of traditional broadcast models. Industry stakeholders must adapt to these trends and capitalize on the opportunities presented by digital platforms to stay competitive in the evolving soccer media market.

Local special circumstances: In Central America, the Soccer Media Market is heavily influenced by the regions passion for the sport and its rich soccer culture. This has led to a strong demand for soccer content across various media platforms, including television, radio, and digital streaming services. In addition, the regions geographical proximity to major soccer leagues in the United States and the popularity of regional tournaments like CONCACAF Gold Cup, have also contributed to the growth of the Soccer Media Market. Furthermore, the regulatory structure in some Central American countries, where soccer is the national sport, has played a role in shaping the market dynamics, with local governments providing financial support to media outlets to ensure widespread coverage of the sport.

Underlying macroeconomic factors: The Soccer Media Market in Central America is primarily influenced by macroeconomic factors such as economic stability, consumer purchasing power, and government support for the sports industry. Countries with strong economic stability and a growing middle class, such as Costa Rica and Panama, are experiencing higher market growth due to increased consumer spending on sports-related media and merchandise. Additionally, government investment in sports infrastructure and initiatives, such as broadcasting rights and sponsorship deals, are further driving the growth of the Soccer Media Market in the region. However, fluctuations in the global economy and political instability in some countries can have a negative impact on the market, hindering its growth potential.

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.