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Sport Events - Cameroon

Cameroon

Revenue in the Sport Events market is projected to reach €7.20m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 6.46%, resulting in a projected market volume of €9.25m by 2028.
In the Sport Events market, the number of users is expected to amount to 331.7k users by 2028.
User penetration will be 1.0% in 2024 and is expected to hit 1.0% by 2028.
The average revenue per user (ARPU) is expected to amount to €24.26.
In global comparison, most revenue will be generated in the United States (€15,080.00m in 2024).
With a projected rate of 17.1%, the user penetration in the Sport Events market is highest in Luxembourg.

Key regions: India, Brazil, Germany, South Korea, China

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Sport Events market in Cameroon is experiencing significant growth and development in recent years. This can be attributed to several factors, including customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in Cameroon have shifted towards a greater interest in sports and physical activities. This is evident in the increasing participation rates in various sports events and the growing number of spectators attending these events. Cameroonians are becoming more health-conscious and are actively seeking opportunities to engage in sports and outdoor activities. As a result, the demand for sport events has been steadily rising, leading to the growth of the market. Trends in the market also contribute to the development of the Sport Events market in Cameroon. One notable trend is the increasing popularity of international sports events. Cameroon has hosted several major sporting events in recent years, including the Africa Cup of Nations and the FIFA World Cup qualifiers. These events attract a large number of participants and spectators from both within the country and abroad, boosting the local economy and promoting tourism. The success of these international events has further fueled the interest in sports and created a positive image for Cameroon as a sports destination. Local special circumstances in Cameroon have also played a role in the growth of the Sport Events market. The country has a rich sporting culture and a strong tradition of excellence in various sports, particularly football. This has created a supportive environment for the development of sports events, with a strong fan base and infrastructure in place. Additionally, the government has been actively promoting sports and investing in sports facilities and infrastructure, further contributing to the growth of the market. Underlying macroeconomic factors have also contributed to the development of the Sport Events market in Cameroon. The country has experienced steady economic growth in recent years, which has led to an increase in disposable income and consumer spending. This has created a favorable environment for the growth of the sports industry, as people have more resources to allocate towards sports events and activities. Furthermore, the government's focus on diversifying the economy and promoting tourism has also played a role in attracting sports events and stimulating the market. In conclusion, the Sport Events market in Cameroon is experiencing significant growth and development due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The increasing interest in sports and physical activities, the popularity of international sports events, the supportive sporting culture, and government investments in sports infrastructure have all contributed to the growth of the market. With the continued focus on sports development and the positive economic outlook, the Sport Events market in Cameroon is expected to continue to thrive in the coming years.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Merchandise Value (GMV) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. 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 and exponential trend smoothing. The main drivers are internet users, urban population, usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.