Middle East & Africa Video Streaming Market Size & Outlook
Middle East & Africa video streaming market, 2018-2030 (US$M)
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MEA video streaming market highlights
- The MEA video streaming market generated a revenue of USD 5,724.7 million in 2023.
- The market is expected to grow at a CAGR of 22.7% from 2024 to 2030.
- In terms of segment, fantasy & science fiction was the largest revenue generating genre in 2023.
- Fantasy & Science Fiction is the most lucrative genre 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 5,724.7 million |
| Market revenue in 2030 | USD 23,903.8 million |
| Growth rate | 22.7% (CAGR from 2023 to 2030) |
| Largest segment | Fantasy & science fiction |
| Fastest growing segment | Fantasy & Science Fiction |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Action & Adventure, Thriller & Horror, Fantasy & Science Fiction, Drama, Documentaries |
| Key market players worldwide | Akamai Technologies Inc, Amazon.com Inc, Apple Inc, Cisco Systems Inc, Alphabet Inc Class A, Kaltura Inc, Netflix Inc, International Business Machines Corp, The Walt Disney Co |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.4% of the global video streaming market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 23,903.8 million by 2030.
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Video Streaming Market Scope
Video Streaming Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa video streaming 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 video streaming market will help companies and investors design strategic landscapes.
Fantasy & science fiction was the largest segment with a revenue share of 27.81% in 2023. Horizon Databook has segmented the Middle East & Africa video streaming market based on action & adventure, thriller & horror, fantasy & science fiction, drama, documentaries covering the revenue growth of each sub-segment from 2018 to 2030.
In the MEA region, OTT (Over-The-Top) penetration is still at low levels due to several constraints, such as payment infrastructure and broadband quality. Also, piracy and low disposable incomes, to some extent, are restraining OTT growth in the region.
Netflix, Inc. launched its services in the Middle East in the year 2016 and had amassed approximately 1.7 million users in paid VoD (Video-on-Demand) service. STARZ PLAY remained one of the leading regional video streaming platform providers.
The company has strengthened its services by adding new features, such as its download function, as well as partnerships with major telecom services providers.
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Our clientele includes a mix of video streaming market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa video streaming market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa video streaming market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA video streaming market size, by country, 2018-2030 (US$M)
Middle East & Africa Video Streaming Market Outlook Share, 2023 & 2030 (US$M)
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