The market for subscription video-on-demand, or SVOD, in will nearly triple across the Middle East and North Africa (MENA) in the next five year, growing some $2.1 billion, according to a newly published study by British-based Digital TV Research. The study, released Monday, found SVOD revenues in the MENA region would grow from less than $1 billion today to $2.97 billion by 2025 as Netflix and other SVOD platforms increase their investment in the fast-growing region. The report predicts that Turkey will generate $908 million in SVOD revenues by 2025, with Saudi Arabia adding $563 million and Israel $470 million. The forecast expects SVOD subscribers to top 29.63 million by 2025, up from the 12.25 million recorded at the end of last year. The Mideast and Northern Africa were two of the international regions that helped Netflix beat investor predictions and boost subscriber numbers by 20 percent to 167 million worldwide.

Source: The North Africa Journal January 27, 2020 16:30 UTC