Arab world's satellite pay-TV revenues to reach $2.5BN in 2017
Rebecca Hawkes | 28-02-2014
Satellite pay-TV subscriptions are to increase to 19 million in the Arab world by the end of 2017, with total market revenues hitting US$2.5 billion, according to analysts at the Arab Advisors Group.
The Amman-based group's new report covers the key performance indicators (KPIs) of regional pay-TV operators OSN, beIN Sports (formerly Al Jazeera Sport), Abu Dhabi Sports, Al-Majd and MyHD.
"The Arab Advisors Group expects the pay TV market to continue to have a steady paced growth for the years 2014-2017," said Mai Al-Zeir, Arab Advisors' senior research analyst.
"The Arab Advisors Group projects pay-TV's total market subscribers' base to grow at a CAGR of 12% between the years 2013 and 2017, totaling 18.8 million subscribers by end of 2017. We estimate total market revenues to grow at a CAGR of 11% for years (2013-2017) totalling US$ 2.5 billion," she added.
The report also allows for new entrants to be accommodated in the growing market for pay-TV in the Middle East and North Africa.