Market Insights Advertising & Media Sports

Soccer - India

India

Revenue in the Soccer market is projected to reach €553.40m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.22%, resulting in a projected market volume of €648.50m by 2029.
In global comparison, most revenue will be generated in the United Kingdom (€8,991.00m in 2024).
The average revenue per user (ARPU) in the Soccer market is projected to amount to €2.91 in 2024.
In the Soccer market, the number of users is expected to amount to 206.5m users by 2029.
User penetration in the Soccer market will be at 13.2% in 2024.

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Sports Market in India, specifically the Soccer Market, has seen slow growth due to factors such as limited infrastructure, lack of funding, and low participation rates in the sport. However, with the increasing popularity of digital media, the market is beginning to see growth as online platforms offer convenience and access to soccer content. Merchandise and ticket sales may also see a boost as digital platforms make it easier for fans to purchase official products and tickets.

Customer preferences: With the rapid growth of the Indian middle class and the increasing popularity of international soccer leagues, there has been a significant shift in consumer preferences towards premium experiences and high-quality products in the soccer market. Indian consumers are now demanding state-of-the-art facilities, high-quality broadcasting, and top-class talent from the teams and leagues they support. This trend is particularly evident in the rise of franchise-based soccer leagues and the increasing number of international players joining these teams, as well as the growing interest in sports merchandise and memorabilia among Indian soccer fans. As a result, the soccer market in India is constantly evolving to meet the changing demands of its consumers.

Trends in the market: In India, there is a noticeable shift towards integrating technology in the Soccer Market, with the emergence of online streaming platforms and social media channels dedicated to sports coverage. This trend is empowering fans to access live matches, highlights, and exclusive content from anywhere at any time. Additionally, there is a surge in the adoption of virtual reality technology for immersive sports viewing experiences. This trend has significant implications for stakeholders, such as increased audience engagement and revenue potential through targeted advertisements. As technology continues to advance, the Soccer Market will likely see a further integration of digital platforms, providing more opportunities for fan engagement and revenue generation.

Local special circumstances: In India, the Soccer Market is heavily influenced by the countrys passion for the sport and its large population. It also faces unique challenges due to the diverse cultures and languages within the country. This results in a fragmented market with varying consumer preferences and demands. Additionally, the regulatory environment can pose challenges for foreign investors looking to enter the market. These factors contribute to the complexity and dynamism of the Soccer Market in India, making it a difficult market to navigate.

Underlying macroeconomic factors: The Soccer Market in India is significantly influenced by macroeconomic factors such as the countrys GDP growth, government policies, and investment in sports infrastructure. As Indias economy continues to grow, there is increased disposable income and consumer spending, leading to a rise in the demand for sports and recreational activities. Additionally, the countrys focus on hosting international sporting events and developing professional leagues has also contributed to the growth of the Soccer Market. The governments support and investment in sports infrastructure, such as stadiums and training facilities, have also played a crucial role in driving the markets expansion. However, challenges such as regulatory barriers, lack of proper governance, and inadequate funding for grassroots development may hinder the markets potential for growth.

Methodology

Data coverage:

The data encompasses B2C and B2B revenues. Figures are based on media spending, merchandise spending, and ticket spending. All monetary figures for merchandise and tickets refer to consumer spending on goods or tickets in the respective segment, which can be online and offline.

Modeling approach / Market size:

Market sizes are determined through a combination of bottom-up and top-down approaches, 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.