Soccer Media - Russia

Russia

Highlights

Revenue in the Soccer Media market is projected to reach US$1.74bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 7.11%, resulting in a projected market volume of US$2.45bn 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$149.30 in 2024.
In the Soccer Media market, the number of users is expected to amount to 12.1m users by 2029.
User penetration in the Soccer Media market will be at 8.1% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Soccer Media market in Russia has seen a subdued growth rate, influenced by factors such as economic instability and government regulations. Despite this, the market continues to expand due to the increasing popularity of soccer and the convenience of online soccer media services.

Customer preferences: As digital media continues to dominate the Sports market, the Soccer Media Market in Russia has seen a rise in demand for online streaming services and social media platforms to cater to fan engagement. Additionally, with the rise of Gen Z and their preference for diverse and inclusive content, there has been a shift towards showcasing diverse voices and perspectives in soccer media coverage. This reflects the evolving societal attitudes and cultural depictions in the constantly evolving media landscape.

Trends in the market: In Russia, the Soccer Media Market is currently experiencing a significant growth in online streaming and social media engagement, with major players like VKontakte and Yandex expanding their presence in the market. This trend is driven by the increasing popularity of social media platforms and the demand for convenient and accessible ways for fans to consume soccer content. It also presents opportunities for advertisers and sponsors to reach a wider audience through targeted advertising and influencer partnerships. However, the reliance on digital media may pose challenges for traditional broadcasters and cable companies. As technology continues to evolve and the demand for personalized content grows, industry stakeholders will need to adapt and innovate to stay competitive in this dynamic market.

Local special circumstances: In Russia, the Soccer Media Market is heavily influenced by the countrys strong soccer tradition and fanatic fan culture. This has led to a large and passionate fan base, contributing to the success of the market. Additionally, the governments focus on promoting sporting events, such as the 2018 World Cup, has further boosted the popularity and growth of the Soccer Market. However, the market is also affected by the countrys complex regulatory landscape, which can pose challenges for foreign media companies trying to enter the market. This unique combination of factors results in a highly competitive and dynamic Soccer Media Market in Russia.

Underlying macroeconomic factors: The Soccer Media Market within the rapidly growing Soccer Market is heavily influenced by macroeconomic factors such as technological advancements, shifting consumer preferences, and government policies. Countries with robust technological infrastructure and high internet penetration rates tend to have a more developed Soccer Media Market, as they have a larger and more engaged audience for online content. Furthermore, favorable regulatory environments and government support for sports and media industries can also drive market growth. In contrast, economic instability and limited investment in sports and media can constrain the growth of the Soccer Media Market in certain regions. Additionally, changes in consumer spending patterns and overall economic health can impact the purchasing power of individuals and thus, the demand for media content. The rising middle class in developing countries, for instance, presents a significant opportunity for the Soccer Media Market to expand. However, economic downturns and high unemployment rates can reduce consumer spending on non-essential goods, including media services.

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.