Cricket Media - Benelux

  • Benelux
  • Revenue in the Cricket Media market is projected to reach €1.18m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.03%, resulting in a projected market volume of €1.37m by 2029.
  • In global comparison, most revenue will be generated in India (€1,068,000.00k in 2024).
  • The average revenue per user (ARPU) in the Cricket Media market is projected to amount to €3.34 in 2024.
  • In the Cricket Media market, the number of users is expected to amount to 0.4m users by 2029.
  • User penetration in the Cricket Media market will be at 1.2% in 2024.
 
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Analyst Opinion

The Cricket Media Market in Benelux is facing challenges due to a subdued decline in its growth rate. Factors such as increasing digitization in the Sports market and rising popularity of online platforms for sports coverage are impacting this growth. However, with a growing awareness of digital technologies and convenience offered by online services, the market is expected to see gradual growth.

Customer preferences:
One emerging trend in the Cricket Media Market of the Cricket Market within the Sports Market is the growing demand for immersive and interactive content. With the rise of mobile technology and social media, consumers are seeking more engaging and personalized experiences. This has led to the development of virtual and augmented reality cricket games, interactive fantasy leagues, and live streaming of matches on social media platforms. This trend is driven by the increasing preference for on-the-go and interactive entertainment among younger demographics.

Trends in the market:
In the Benelux region, the Cricket Media Market is experiencing an increase in online streaming services for live cricket matches, as more fans are turning to digital platforms for their viewing needs. In addition, the popularity of fantasy cricket leagues is on the rise, creating new opportunities for advertisers and sponsors. This trend is significant as it allows for greater accessibility and engagement with the sport, while also presenting potential revenue streams for the industry. As technology continues to advance, the Cricket Media Market in Benelux may see further growth in digital offerings and partnerships between media companies and cricket organizations. This could result in a more immersive and interactive viewing experience for fans, as well as enhanced marketing opportunities for stakeholders.

Local special circumstances:
In the Benelux region, the Cricket Media Market is influenced by its highly digitized and tech-savvy society. With a strong focus on digital media and high internet penetration rates, the market is driven by a growing demand for online cricket content and digital platforms for live streaming and score updates. In contrast, the Cricket Media Market in other parts of Europe is limited by regulatory barriers and a lesser interest in the sport, making the Benelux region unique in its potential for growth in this market. This has resulted in a strong presence of local players offering diversified and innovative cricket media services, catering to the specific needs of the region.

Underlying macroeconomic factors:
The Cricket Media Market in the Benelux region is influenced by various macroeconomic factors, including the overall economic health of the region, government policies, and global economic trends. The increasing availability and affordability of high-speed internet and advancements in digital technologies have contributed to the growth of the Cricket Media Market. Additionally, government initiatives to promote digital transformation and investment in digital infrastructure have also fueled the markets growth. Moreover, the popularity of cricket as a sport in the region and the increasing demand for unique and engaging content have further boosted the growth of the Cricket Media Market in the Benelux region.

Methodology

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.

Visión general

  • Revenue
  • Analyst Opinion
  • Reach
  • Global Comparison
  • Methodology
  • Key Market Indicators
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