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The Basketball Media Market in New Zealand has seen limited growth, influenced by factors like low consumer interest, limited resources, and high competition within the Sports Market. Factors like technological advancements and increased media coverage could potentially impact this growth rate.
Customer preferences: With the growing popularity of professional basketball players on social media, there has been a noticeable shift towards players leveraging their personal brands to connect with fans. This has led to an increase in demand for behind-the-scenes content and authentic interactions with players. Additionally, the rise of digital platforms has allowed for live streaming of games and exclusive interviews, catering to the preference of younger, tech-savvy audiences.
Trends in the market: In New Zealand, there is a growing demand for online streaming of basketball games, with sports enthusiasts increasingly turning to digital media to fulfill their viewing needs. This trend is likely to continue as technology advancements make it easier for consumers to access content on their mobile devices. As a result, there is a shift towards streaming platforms and online subscriptions, indicating a potential decline in traditional TV broadcasting of basketball events. Industry stakeholders will need to adapt to these changes and invest in digital platforms to remain competitive in the market.
Local special circumstances: In New Zealand, the Basketball Media Market is influenced by the countrys small population and isolation from major sporting markets. As a result, there is a strong focus on local players and teams, as well as a strong emphasis on community and grassroots basketball. Additionally, due to the countrys strong cultural ties to the sport, there is a high demand for in-depth coverage and analysis of the game. Furthermore, New Zealands strict policies on advertising and broadcasting may also play a role in shaping the dynamics of the market.
Underlying macroeconomic factors: The Basketball Media Market in New Zealand is heavily influenced by macroeconomic factors such as the overall health of the countrys economy, global economic trends, fiscal policies, and financial indicators. A strong and stable economy, supported by favorable government policies and investments, contributes to a flourishing media market. Countries with favorable economic conditions and strong support for the sports industry are likely to see faster growth in the Basketball Media Market compared to those with economic challenges and limited funding. Furthermore, the rising popularity of basketball and related events, combined with increasing digitalization and media consumption, are key drivers of the markets growth.
Data coverage:
The data encompasses B2B revenues. Figures are based on media spending from businesses to several clubs. That also includes the revenues from advertising as this is part of media and broadcasting contracts the individual clubs have with their respective leagues.Modeling approach / Market size:
Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, 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., Consumer Insights), as well as performance factors (e.g., user penetration, price per ticket, price on sport goods). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, number of internet users, and internet consumption. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function or linear forecasting, as it fits the development of either strong growing markets or more sophistacted and saturated markets, such as soccer in Europe.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 impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. 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). We also account for the different cycles of international tournaments, such as world cups or continent cups. Consumer Insights data is reweighted for representativeness.Lu - vi, 9:30 - 17:00 h (CET)
Lu - vi, 9:00 - 18:00 h (EST)
Lu - vi, 9:00 - 17:00 h (SGT)
Lu - vi, 10:00 - 18:00 h (JST)
Lu - vi, 9:30 - 17:00 h (GMT)
Lu - vi, 9:00am-6:00pm (EST)