Soccer Media - Peru

Peru

Highlights

Revenue in the Soccer Media market is projected to reach US$10.59m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.24%, resulting in a projected market volume of US$13.03m 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$6.44 in 2024.
In the Soccer Media market, the number of users is expected to amount to 1.9m users by 2029.
User penetration in the Soccer Media market will be at 4.7% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Soccer Media market in Peru is experiencing minimal growth, attributed to factors such as low consumer interest, limited access to digital platforms, and lack of investment in the industry. Despite these challenges, the market shows potential for future growth with increasing adoption of technology and growing interest in soccer among consumers.

Customer preferences: Soccer fans in Peru are increasingly consuming soccer content through digital channels, with a shift towards streaming services and online platforms for live games and highlights. This trend is driven by the younger demographics preference for convenience and flexibility, as well as the increasing availability of affordable internet access. Furthermore, social media has become a key platform for fan engagement and interaction, with clubs and players leveraging their online presence to connect with followers and build a loyal fan base. Additionally, the rise of e-sports in Peru has opened up new opportunities for soccer media market players to tap into the growing popularity of online gaming and live streaming events.

Trends in the market: In Peru, the Soccer Media Market is experiencing a rise in digital streaming services for live soccer matches, with companies such as GolTV and DirecTV offering online platforms for fans to access their content. This trend is driven by the increasing popularity of online streaming and the high demand for soccer content in the country. As a result, there has been a decline in traditional television viewership for soccer games. This trend is likely to continue, posing a challenge for traditional TV networks who may need to adapt their strategies to remain competitive. Additionally, there is a growing presence of social media influencers who focus on soccer, attracting a large number of followers and providing a new platform for advertisers to target soccer fans. This trend is significant as it allows for more targeted and personalized advertising, but also poses potential challenges for traditional media outlets who may struggle to compete with the reach and influence of these influencers. Industry stakeholders in the Soccer Media Market should closely monitor these trends and consider incorporating digital streaming and social media into their strategies to remain relevant and competitive in the evolving market.

Local special circumstances: In Peru, the Soccer Media Market is heavily influenced by the countrys passion for the sport and its national teams success. This drives demand for soccer-related media content, such as live matches, match highlights, and team news. Moreover, the market is also impacted by Perus relatively lower internet penetration, leading to a higher reliance on traditional media outlets for soccer coverage. Additionally, Perus regulatory environment plays a role in shaping the market, with restrictions on foreign media ownership and government subsidies for domestic media companies.

Underlying macroeconomic factors: The Soccer Media Market in Peru is heavily influenced by macroeconomic factors such as the countrys economic growth, currency exchange rates, and consumer spending. With a growing economy and increasing disposable income, there is a higher demand for media services, including soccer coverage. The Peruvian governments fiscal policies and investment in digital infrastructure have also positively impacted the Soccer Media Market, as improved technological capabilities have made it easier for fans to access and consume soccer content. Additionally, the nations passion for soccer and the large fan base contribute to the markets overall growth. However, fluctuations in currency exchange rates and economic downturns can negatively impact the markets performance.

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.