Video Streaming (SVoD) - Azerbaijan

Azerbaijan

Highlights

The Video Streaming (SVoD) market) market in Azerbaijan is projected to reach a revenue of US$12.35m in 2024.
It is expected to demonstrate an annual growth rate (CAGR 2024-2027) of 5.41%, leading to a projected market volume of US$14.47m by 2027.
In comparison to other countries, United States is expected to generate the highest revenue in the Video Streaming (SVoD) market) market, amounting to US$43.97bn in 2024.
The average revenue per user (ARPU) in the Video Streaming (SVoD) market) market in Azerbaijan is projected to be US$12.51 in 2024.
By 2027, the number of users in the Video Streaming (SVoD) market) market is expected to reach 1.1m users, with a user penetration rate of 9.5% in 2024 and an expected increase to 10.4% by 2027.
Azerbaijan is experiencing a surge in demand for video streaming services, with local platforms gaining popularity among consumers.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the Video-on-Demand market. Video-on-demand is defined as premium over-the-top video-on-demand (VoD) content distributed over the internet. This includes pay-per-view (TVoD), video downloads (EST), and video streaming (SVoD). All monetary figures refer to consumer spending on digital goods or subscriptions in the respective market. This spending factors in discounts, margins, and taxes.

Modeling approach / market size:

The market size is determined through a bottom-up approach. 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) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as various macroeconomic indicators, historical developments, current trends, and reported performance indicators of key market players. In particular, we consider average prices and annual purchase frequencies.

Forecasts:

We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP per capita, consumer spending per capita, and 4G coverage.

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 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.