Middle East Media and Entertainment Market to Witness CAGR of 7.5% (2022-2028) Rising Regionalization Creating Demand for Broad Range of Themes and Genres For Filmmakers

NAIDA, India, December 16, 2022 /PRNewswire/ — According to a new report published by UnivDatos Markets Insights The media and entertainment market in the Middle East was rated with 2 billion dollars in 2020 and is expected to grow at a CAGR of around 7.5% from 2022-2028. The analysis is segmented into Product Types (Movies, Music & Video); The country.

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The Middle East media and entertainment market report is compiled by gathering informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report uses several analyzes to get a closer look at the Middle East media and entertainment market. of Middle East The media and entertainment market report provides a detailed analysis of the latest industry developments and trending factors in the market that are influencing the growth of the market. Additionally, this statistical market research repository examines and evaluates the Middle East media and entertainment market at the country level.

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Market overview

The media and entertainment industry in the Middle East is growing due to growing trends in personalization and digitization, OTT, online gaming and online advertising. In addition, the expansion of the use of social media in Saudi Arabia is a trend that businesses, agencies and media companies are interested in for advertising purposes. Significant changes have also been seen in the market over the past few years. The debut of the film industry in Saudi Arabia was one of the major turning points. The media and entertainment sector in the country is projected to experience significant expansion over the coming years given the growing demand for leisure and entertainment in the region.

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

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Impact of COVID-19

During the lockdown, the media and entertainment industries are thriving in the digital space. The changes have been implemented by film distributors to address the difficulty of releasing films in theaters. One solution is to use transactional video-on-demand platforms for new releases. Similarly, consumption of music, videos, games and other forms of entertainment has increased during lockdown and may change the way we work forever.

The Middle East Media and Entertainment market report is thoroughly studied with several aspects that would help the stakeholders in making their more curated decisions.

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

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The geographical segmentation of the Middle East media and entertainment market includes:

• Saudi Arabia

• Qatar

• Where did he go

• United Arab Emirates

• Bahrain

• Oman

• The rest of Middle East

For a better understanding of the market dynamics of the media and entertainment market in the Middle East, a detailed analysis was conducted for various countries across the region, including Saudi Arabia, Qatar, Where did he goUnited Arab Emirates, Bahrain, OmanThe rest of Middle East is performed. Geographically, Saudi Arabia constitutes a large 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 Internet access speed has provided users with an opportunity to access in the media content of their choice. According to the Survey on Access and Use of Information and Communication Technology 2021, 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

• The MBC Group

• Orbit Display Network

• Arab Media Group

• Abu Dhabi Media

• beIN Media Group

• Zawya Ltd (Refinitive)

• Integral Inc.

• Eye Media LLC

• Qudurat Media

• CMT Technologies

Competitive landscape

The degree of competition between well-known regional companies has been worked out by analyzing several key players operating in the region. The specialized team of research analysts throws light on various features such as Middle East market competition, market share, latest industry advancements, innovative product launches, partnerships, mergers or acquisitions by major companies in Media and Entertainment in the Middle East the market. The key players are analyzed using research methodology for obtaining views Middle East competition.

Key questions addressed through this analytical market research report include:

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

• 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?

• What are the demanding countries of the media and entertainment market in the Middle East?

• Which will it be Middle East market size in the coming years?

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

We understand the requirements of different businesses, regions and countries, we provide customized reports according to your requirements for the nature and geography of the business. Please let us know if you have any custom needs.

About UnivDatos Market Insights (UMI)

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About UnivDatos Market Insights (UMI)

UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through market intelligence reports, customized business research and primary research. Our research studies are spread across topics worldwide, we cover markets in over 100 countries using intelligent research techniques and agile methodologies. We provide in-depth studies, detailed analysis and customized reports that help shape winning business strategies for our clients.

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