Video Streaming (SVoD) - Panama

Panama

Highlights

The projected revenue in the Video Streaming (SVoD) market) market is estimated to reach US$26.01m in 2024.
This market is expected to show an annual growth rate (CAGR 2024-2027) of 9.41%, resulting in a projected market volume of US$34.06m by 2027.
In global comparison, United States is anticipated to generate the highest revenue in the Video Streaming (SVoD) market) market, reaching US$43.97bn in 2024.
The average revenue per user (ARPU) in the Video Streaming (SVoD) market) market is projected to be US$32.27 in 2024.
The number of users in the Video Streaming (SVoD) market) market is expected to reach 920.7k users by 2027.
The user penetration rate, which represents the percentage of the population using Video Streaming (SVoD) market) services, is forecasted to be 17.6% in 2024 and is expected to increase to 19.4% by 2027.
These projections demonstrate the significant growth potential of the Video Streaming (SVoD) market) market in Panama.
Panama's video streaming market is experiencing significant growth due to the increasing demand for local content and improved internet infrastructure.

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.