Sports - Colombia
Colombia- The projected total revenue in the Sports market for Colombia is expected to reach US$1.95m in 2022.
- This indicates a significant growth potential in the country's sports industry.
- Furthermore, the market is anticipated to display a steady annual growth rate (CAGR 2022-2027) of 10.17%.
- As a result, the projected market volume is expected to reach US$3.28m by 2027.
- This demonstrates the increasing popularity and economic significance of the sports market in Colombia.
- In terms of revenue streams, in-app purchase (IAP) revenue in the Sports market is projected to reach US$574.30k in 2022.
- This highlights the growing consumer demand for in-app purchases within the sports sector.
- Additionally, paid app revenue in the Sports market is projected to reach US$613.50k in 2022, indicating the willingness of consumers to invest in paid applications related to sports.
- Moreover, advertising revenue in the Sports market is projected to reach US$759.10k in 2022, showcasing the importance of advertising as a revenue source within the sports industry.
- Furthermore, the number of downloads in the Sports market is projected to reach 5.14m downloads in 2022.
- This signifies the high level of engagement and interest from consumers in sports-related apps.
- Currently, the average revenue per download is expected to amount to US$0.38, indicating the potential profitability of each download for app developers and businesses operating in the sports market.
- In a global comparison, it is noteworthy that China generates the highest revenue in the Sports market.
- In 2022, China is projected to generate a staggering US$1.10bn in revenue.
- This emphasizes the dominant position of the United States in the global sports market and highlights the potential for growth and development in Colombia's sports industry.
Definition:
The Sports market contains apps that stream or simulate sports. For example, the ESPN and NBC Sports apps are dedicated to official sports coverage and include live videos and news articles about leagues, teams, and athletes. Fantasy football apps allow users to create hypothetical teams of football athletes and earn points according to their real-life performances.Additional Information:
We consider three different sources of revenue:- Revenue from in-app purchases (IAP) that comes from the purchase of features, upgrades, and subscriptions within an app
- Paid app revenue from the one-time purchase of an app
- Advertising revenue obtained from showing ads within an app
In-Scope
- Apps that can be downloaded from major app stores such as Apple, Inc.'s App Store and the Google Play store, or in the case of China, from stores such as Huawei AppGallery and Tencent Appstore.
- Apps that are run on iPhones and Android phones.
Out-Of-Scope
- Apps exclusively offered by Microsoft Store and Amazon Appstore for Android.
- Custom-made apps not available from any official app store.
- B2B/C2C app sales of any kind.
- Subscription revenues outside of in-app purchases (for example, Netflix and Spotify use their own payment systems outside of their apps).
