Middle East Media and Entertainment Market to See a CAGR of 7.5% (2022-2028) Growing Regionalization Creating Demand for a Wide Range of Themes and Genres for Filmmakers

NOIDA, India, December 16, 2022 /PRNewswire/ — According to a new report published by UnivDatos Markets Insights the Middle East media and entertainment market was valued at $2 billion in 2020 and is expected to grow at a CAGR of approximately 7.5% from 2022 to 2028. The analysis was segmented into product types (movies, music and videos); Country.

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The Middle East Media and Entertainment Market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report is based on several analyzes to better understand Middle East media and entertainment market. The Middle East The Media and Entertainment Market report offers a detailed analysis of the latest industry developments and market trending factors influencing market growth. Additionally, this statistical market research repository examines and estimates the Middle East media and entertainment market at country level.

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Market overview

The media and entertainment industry in the Middle East is booming due to the growing trends of personalization and digitization, OTT, online games and internet advertising. Additionally, the increasing use of social media in Saudi Arabia is a trend that interests companies, agencies and media companies for advertising purposes. Significant changes have also been observed in the market over the past few years. One of the major turning points was the beginnings of the Saudi film industry. The media and entertainment sector in the country is expected to witness significant expansion in the coming years given the growing demand for leisure and entertainment in the region.

Additionally, the television industry in the region is also undergoing changes. A growing number of new pay-TV and over-the-top (OTT) operators are entering the industry that was previously dominated by free-to-air direct-to-home (DTH) transmission. Due to international efforts to boost OTT videos through broadband projects, GCC countries are investing more money in updating their technology. A growing number of broadcast networks such as Starz Play, icflix, Istikana and Netflix, operating globally and locally, are offering subscription VOD services to viewers in the region.

Impact of COVID-19

During lockdown, the media and entertainment industries are thriving in the digital space. Changes are being implemented by film distributors to address the difficulty of releasing films theatrically. One solution is to use transactional video-on-demand platforms for new releases. Likewise, the consumption of music, video, games and other forms of entertainment has increased during the period of confinement and may permanently change the mode of operation.

The Middle East Media and Entertainment market report is studied extensively with several aspects which would help the stakeholders to make their decisions more carefully.

Based on product type, the Middle East media and entertainment market is segmented into movies, music and videos. The music and videos segment grabbed most of the market and dominated the market in 2020. The growing penetration of mobile internet services further supports the growth of the music and videos segment. For example, according to the GSMA, in 2021 the number of mobile internet users in the MENA region exceeded 300 million, with penetration expected to reach 50% of the population by the end of 2022.

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Geographical segmentation of the Middle East media and entertainment market includes:

  • Saudi Arabia

  • Qatar

  • Kuwait

  • The bucket

  • Bahrain

  • Oman

  • Rest of Middle East

For a better understanding of the market dynamics of the Middle East media and entertainment market, detailed analysis has been conducted for different countries in the region including Saudi Arabia, Qatar, KuwaitWATER, Bahrain, OmanThe rest of Middle East was driven. Geographically, Saudi Arabia constitutes a major market for the media and entertainment industry in the Middle East due to the increase in the number of devices capable of supporting digital media and OTT platforms and the increase in the speed of Internet access has provided users with the ability to access multimedia content of their choice. According to the 2021 survey on access and use of information and communication technologies, the percentage of individuals who used the Internet in the last three months increased by 1.8% compared to 2020.

Key players targeting the market include

  • MBC Group

  • Orbit Showtime Network

  • Arab Media Group

  • Abu Dhabi Media

  • beIN media group

  • Zawya Ltd (Refinitiv)

  • Intigral Inc.

  • Eye Media LLC

  • Qudurat Media

  • CMT Technologies

Competitive landscape

The degree of competition among the major regional companies has been worked out by analyzing several key players operating in the region. The specialized team of research analysts shed light on various traits such as Middle East market competition, market share, latest industry advancements, innovative product launches, partnerships, mergers or acquisitions by leading companies in the Media and Entertainment in the Middle East market. Major players have been analyzed using research methodologies to get information about Middle East competition.

Key questions answered through this analytical market research report include:

  • What are the latest trends, new patterns and technological advancements in the Middle East media and entertainment market?

  • What factors are influencing the Middle East media and entertainment market during the forecast period?

  • What are the region’s challenges, threats and risks in the Middle East media and entertainment market?

  • What factors are driving and restraining the media and entertainment market in the Middle East?

  • Which are the Demanding Middle East Media and Entertainment Market Countries?

  • What will be the Middle East size of the market in the coming years?

  • What are the crucial market acquisition strategies and policies applied by companies in the Middle East?

We understand the requirements of different businesses, regions and countries, we offer customized reports as per your business nature and geography requirements. Please let us know if you have any custom requirements.

About UnivDatos Market Insights (UMI)

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Middle East Media and Entertainment Market Report cover

Report attributee

Details

base year

2020

Forecast period

2022-2028

Growth dynamics

Accelerate at a CAGR of 7.5%

Market size 2020

$2 billion

Regional analysis

Middle East

Major contributing country

Saudi Arabia will dominate the Middle East Media and Entertainment Market

Main countries covered

Saudi Arabia, Qatar, Kuwait, United Arab Emirates, Bahrain, Oman

Profiled companies

MBC Group, Orbit Showtime Network, Arab Media Group, Abu Dhabi Media, beIN Media Group, Zawya Ltd (Refinitiv), Intigral Inc., Eye Media LLC, Qudurat Media, CMT Technologies.

Report scope

Market trends, drivers and restraints; Revenue estimation and forecasting; segmentation analysis; impact of COVID-19; Analysis of supply and demand; VScompetitive landscape; Company profiling

Segments Covered

By PType of product ; By country

About UnivDatos Market Insights (UMI)

UnivDatos Market Insights (UMI) is a passionate market research company and a subsidiary of Universal Data Solutions. We believe in providing information through market intelligence reports, custom business research and primary research. Our research studies are spread across topics across the globe, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis and custom reports that help shape winning business strategies for our clients.

Contact
UnivDatos Market Overview
Ankita Gupta
Director of Operations
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Email: [email protected]
Website: https://univdatos.com/

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