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Advertising (AVoD) - Cuba

Cuba
  • Revenue in the Advertising (AVoD) market is projected to reach US$3.57m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2027) of 7.87%, resulting in a projected market volume of US$4.48m by 2027.
  • In the Advertising (AVoD) market, the number of users is expected to amount to 2.5m users by 2027.
  • User penetration will be 21.2% in 2024 and is expected to hit 22.7% by 2027.
  • In global comparison, most revenue will be generated United States (US$24.25bn in 2024).
  • The average revenue per user (ARPU) in the Advertising (AVoD) market is projected to amount to US$1.49 in 2024.

Definition

AVOD (Advertising-based Video on Demand) refers to the practice of offering video content to viewers for free, with advertisements inserted into the content as a way of monetizing it. AVOD platforms can include streaming services, video sharing sites, and other digital platforms that offer free video content. AVOD advertising can take different forms, including pre-roll ads that play before the content, mid-roll ads that play during the content, and post-roll ads that play after the content. Advertisers can target their ads to specific demographics, interests, or behaviors, and measure their effectiveness through metrics such as viewer engagement, click-through rates, or conversions.

Additional information:

Video on demand advertising comprises advertising spending, users, average revenue per user and penetration. The market only displays B2B spending. Figures are based on music streaming advertising spending and exclude agency commissions, rebates, production costs, and taxes.

In-Scope

  • Pre-roll ads, such as those featured on YouTube and Dailymotion
  • Mid-roll ads, such as those featured on YouTube and Dailymotion
  • Banner ads, such as those featured on YouTube and Vimeo

Out-Of-Scope

  • Video advertising on subscription-based streaming services, such as Netflix and Disney+
  • Audio advertising on music streaming platforms
  • Non-video AVoD-related advertising, such as sponsorships of an AVoD platform's website or merchandise
Video-on-Demand: market data & analysis - Cover

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Video-on-Demand: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Users

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Methodology

    Data coverage:

    Data encompasses enterprises (B2B). Figures are based on the video on demand advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers video ad formats (web-based, app-based, and connected devices).

    Modeling approach:

    Submarket size is determined by a combined top-down and bottom-up approach. We use market data from industry reports and survey results from our primary research (e.g., Statista Global Consumer Survey) to analyze the markets. Then we benchmark key countries or regions (United States, China, Europe, Asia, and Africa) results with country-specific advertising organizations or associations. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP, internet users, and digital consumer spending.

    Forecasts:

    We use a variety of forecasting techniques, depending on the behavior of the market. For instance, the S-curve function is well suited to forecast digital products due to the non-linear growth of technology adoption, whereas exponential trend smoothing (ETS) is more suited for projecting steady growth in traditional advertising markets.

    Additional notes:

    Data is modeled using current exchange rates. The impacts of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice per year in case market dynamics change.

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