Middle East & Africa Movie And Entertainment Market Size & Outlook
Middle East & Africa movie and entertainment market, 2018-2030 (US$M)
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MEA movie and entertainment market highlights
- The MEA movie and entertainment market generated a revenue of USD 2,381.3 million in 2023.
- The market is expected to grow at a CAGR of 8.4% from 2024 to 2030.
- In terms of segment, movies (box office) was the largest revenue generating product in 2023.
- Music & Videos is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 2,381.3 million |
| Market revenue in 2030 | USD 4,191.2 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Movies (box office) |
| Fastest growing segment | Music & Videos |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Movies (Box Office), Music & Videos |
| Key market players worldwide | Paramount Global Class A, Sony Group Corp ADR, The Walt Disney Co, Warner Bros. Discovery Inc Ordinary Shares - Class A, Comcast Corp Class A, Netflix Inc, Vivendi SE, Amazon.com Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.4% of the global movie and entertainment market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 59,559.1 million by 2030.
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Movie And Entertainment Market Scope
Movie And Entertainment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa movie and entertainment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to movie and entertainment market will help companies and investors design strategic landscapes.
Movies (box office) was the largest segment with a revenue share of 73.22% in 2023. Horizon Databook has segmented the Middle East & Africa movie and entertainment market based on movies (box office), music & videos covering the revenue growth of each sub-segment from 2018 to 2030.
According to the MENA Cinema Forum, the region is expected to account for nearly 5% of the global box office revenue, with the UAE and Saudi Arabia expected to be among the world’s top 10 leading markets by 2030.
The UAE and GCC are also gaining focus among Indian film producers, particularly Bollywood (Hindi cinema) and Mollywood (Malayalam cinema), which provides a boost to the box office collection, further driving the movies market in the Middle East.
According to the Vision 2030 framework, Saudi Arabia plans to invest USD 64 billion into the entertainment sector over a span of 10 years, starting in 2018. Moreover, with a population of over 32 million, a large share of which is under the age of 30, the Kingdom is poised to not only attract massive box office sales but also boost the movie and entertainment industry in a region that remains grossly under-tapped.
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Our clientele includes a mix of movie and entertainment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa movie and entertainment market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa movie and entertainment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA movie and entertainment market size, by country, 2018-2030 (US$M)
Middle East & Africa Movie And Entertainment Market Outlook Share, 2023 & 2030 (US$M)
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