Market Insights Digital Digital Media Video-on-Demand

Free ad-supported streaming TV (FAST) - Azerbaijan

Azerbaijan

The projected revenue in the Free ad-supported streaming TV (FAST) market) market in Azerbaijan is expected to reach US$590.40k in 2024.
Furthermore, it is anticipated to exhibit an annual growth rate (CAGR 2024-2027) of 8.83%, resulting in a projected market volume of US$761.00k by 2027.
When compared globally, United States is expected to generate the highest revenue, reaching US$7,752.00m in 2024.
The average revenue per user (ARPU) in the Free ad-supported streaming TV (FAST) market) market is projected to amount to US$0.40 in 2024.
In Azerbaijan's Free ad-supported streaming TV (FAST) market) market, the number of users is expected to reach 1.6m users by 2027.
The user penetration rate is estimated to be 14.0% in 2024 and is expected to increase to 14.9% by 2027.
"Free ad-supported streaming TV (FAST) platforms in Azerbaijan are gaining popularity as viewers seek convenient and cost-effective ways to access a wide range of content."

Key regions: China, United Kingdom, Japan, South Korea, United States

Market

Region

Region comparison

Currency

Analyst Opinion

The free ad-supported streaming TV market is currently experiencing significant growth, as more viewers look for cost-effective alternatives to traditional cable TV. To keep up with demand, many services are expanding their content offerings, including original programming and live sports. Additionally, the use of targeted advertising is becoming more sophisticated, with services leveraging data and analytics to deliver personalized ad experiences to viewers. As a result, the free ad-supported streaming TV market is expected to continue to grow and evolve in the coming years.

The free ad-supported streaming TV market is being driven by a number of key factors. First, the rise of connected devices like smart TVs, streaming boxes, and mobile devices has made it easier for viewers to access free streaming content. Additionally, the availability of high-quality content from established networks and studios has made free streaming services more appealing to viewers. Furthermore, advancements in ad targeting and personalization have made it easier for advertisers to reach specific audiences, driving increased investment in the free ad-supported streaming TV market. Finally, the growing trend of "cord-cutting" - or canceling traditional cable TV subscriptions - is expected to continue, further fueling growth in the free ad-supported streaming TV market.

The free ad-supported streaming TV market is expected to continue its growth trajectory in the coming years, growing at a CAGR of 9.10% until 2027.

Methodology

Data coverage:

Data encompasses enterprises (B2B). Figures are based on advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers video ad formats from services that offer free content supported with advertisements.

Modeling approach:

Market 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.