Video Streaming (SVoD) - Guatemala

Guatemala

Highlights

The projected revenue for the Video Streaming (SVoD) market) market in Guatemala is estimated to reach US$99.40m by 2024.
This growth is expected to continue at an annual rate of 3.59%, resulting in a projected market volume of US$110.50m by 2027.
It is important to note that this projection is specific to in Guatemala and may differ from global trends.
When compared to other countries, United States is expected to generate the highest revenue in the Video Streaming (SVoD) market) market, with an estimated US$43.97bn in 2024.
This indicates the dominant position of the United States in this market segment.
The average revenue per user (ARPU) in the Video Streaming (SVoD) market) market in Guatemala is projected to be US$38.63 in 2024.
This figure represents the average amount of revenue generated per user.
Looking ahead, the number of users in the Video Streaming (SVoD) market) market in Guatemala is expected to reach 2.8m users by 2027.
This indicates a growing user base in the country.
In terms of user penetration, which measures the percentage of the population using video streaming services, it is projected to be 13.4% in 2024 and is expected to increase to 13.8% by 2027.
This suggests a gradual adoption of video streaming services among the population of Guatemala.
Guatemala's video streaming market is experiencing rapid growth, driven by increasing internet penetration and a growing demand for local and international content.

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.