Report: OTT Revenue to Reach $1.75 Billion in Middle East and North Africa by 20229 Aug, 2017 By: Stephanie Prange
Middle East and North Africa OTT TV episodes and movies will generate $1.75 billion in revenue by 2022 — more than quadruple the $428 million recorded in 2016, according to a report from Research and Markets.
According to the “Middle East and North Africa OTT TV & Video Forecasts” report, SVOD's dominance of the sector will grow. SVOD revenue will reach $1.23 billion by 2022 (or 70% of the OTT total) — nearly $1 billion more than the 2016 total (56% of OTT revenue).
The report forecasts 17.27 million SVOD homes by 2022, up from 3.74 million recorded by the end of 2016.
The top six regional platforms (Netflix, Amazon Prime Video, Icflix, Starz Play, Iflix and Shahid Plus) will account for 39% of the region's SVOD subscribers by the end of 2022, up from 34% in 2016. Extracting Israel and Turkey, these six platforms will account for 78% of SVOD subscribers by 2022 — down from 88% in 2016.
Netflix will be the largest pan-regional SVOD platform by 2022, with an expected 3.26 million paying subscribers. This is more than quintuple the 2016 total. Longer-established Icflix will cross 2 million subscribers by 2022 — quadruple its 2016 total. Starz Play will add a further 1.60 million.