Video Players - Burkina Faso

Burkina Faso

Highlights

The Video Players market in Burkina Faso is projected to generate a revenue of US$2.9m in 2024.
According to the Compound Annual Growth Rate (CAGR) from 2024 to 2029, the market is expected to grow annually by -0.49%.
When compared globally, United States leads in revenue generation with US$481.1m in 2024.
In terms of per capita figures, each person in Burkina Faso is projected to contribute US$0.12 in revenue in 2024.
Looking ahead, the volume in the Video Players market is expected to reach 35.4k pieces units by 2029.
However, there is a projected volume decrease of -1.4% in 2025.0.
On average, each person in Burkina Faso is expected to purchase 0.0pieces units of Video Players market in 2024.
These numbers provide insights into the market segment of Video Players market in Burkina Faso, showcasing both the revenue and volume aspects.
Despite limited internet access in Burkina Faso, the demand for video players remains steady due to the popularity of offline entertainment.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on electronic and digital devices used privately either for entertainment (televisions, game consoles, smart speakers, etc.), communication (telephones, smartphones, etc.) or home-office activities (printers, copiers, etc.).

Modeling approach:

Market sizes are determined through a bottom-up 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., the Statista Global Consumer Survey), as well as performance factors (e.g., user penetration, price per product, usage). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, number of internet users, smartphone penetration rate, household number and consumer price index. 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 and exponential trend smoothing are well suited for forecasting electronic products due to the non-linear growth of technology adoption and regular product upgrade. The main drivers are GDP per capita, consumer spending per capita, and 5G penetration rate.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. 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). GCS data is reweighted for representativeness.