Research agency IHS Markit has revealed the growth in the pay TV market in the Middle East and North Africa. Pay TV households topped the five million mark (+8 percent) for the first time in the region’s history. ALSO READ: MENA Pay TV Market Monitor 2017“The Middle East and North Africa region is one of the fastest growing regions for pay TV, in both subscriber numbers and revenues,” said Constantinos Papavassilopoulos, senior analyst at IHS Markit. Total online video market revenues in the Middle East and North Africa region stood at $500 million (+51 percent) in 2016. Subscription accounted for over 30 percent of the total online video market in 2016, and is expected to contribute 45 percent of total market revenues by 2020.

Source: The North Africa Journal April 11, 2017 10:52 UTC