Middle East and Africa Movies and Entertainment Market Report 2024

Middle East and Africa Movies and Entertainment Market Report 2023 Market Size Split by Type (Theatre films, Home Videos, Music & Video Streaming, Video Games), Application (Theatres, Television, Online Platforms), Genre (Action & Adventure, Comedy, Drama, Suspense & Thriller, Romance, Horror, Documentary, Animation), Audience (Children, Young Adults, Adults, Senior Adults)

Middle East and Africa Movies and Entertainment Market Report Description

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Competitive Landscape: Movies and Entertainment Market

To meet the increasing demands of consumers and attain new heights in entertaining people and bringing something new to the table, countries and companies are focusing on high-quality services and more appealing entertainment lookouts. 

Top Companies Market Share in Middle East and Africa Movies and Entertainment Industry: (In no particular order of Rank)

• Paramount Global (PARA)
• Comcast Corporation
• The Walt Disney Co.
• Warner Bros. Discovery Inc.
• Sony Pictures
• 20th Century Studios
• Netflix Inc.
• Universal Pictures
• Metro-Goldwyn-Mayer
• Electronic Arts
• Star Studios
• Spotify AB
• Live Nation Entertainment Inc.
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Middle East and Africa Movies and Entertainment Market Analysis

Which Type segment is holding the largest share of the Movies and Entertainment market?

Among these, the segment dominating the market is video streaming as streaming has become a new means of consuming entertainment, as it offers convenience, variety, and personalization. It allows users to access a vast library of content on demand, across different devices, and often at a lower cost than traditional media. With the advancements in technology and the internet, video streaming services can grab a new level of opportunities for the livelihood of consumers. It is clear streaming services have achieved a strong presence in American homes, as nearly 99% of U.S. households hold subscriptions to at least one or more streaming services, with Netflix, Amazon Prime Video, and Apple TV+ topping the charts.

Theatrical films are those made for exhibition in theatres, a different kind from those made for television. Home videos are more like a videotape recorded by a camcorder generally for non-commercial use, especially for viewing at home. Music & video streaming, on the other side, is a technology of transmitting audio and video files in a continuous flow over a wired or wireless internet connection. Lastly, A video game, also known as a computer game, is an electronic game that can be interacted with using an input device, such as a controller, keyboard, or joystick. 

Netflix is now leading in the video streaming service with nearly 260.28 million subscribers which showed a significant increase of 5.3% from 2023 and nearly 13% growth year over year. 
(Source: https://www.forbes.com/home-improvement/internet/streaming-stats/) 

Overall, 1.1 billion subscriptions to online video streaming services worldwide. As of 2023, that figure is closer to 1.8 billion. User penetration sits at around 17% in 2023. By 2027, the figure is expected to reach 20.7%. 
(Source: https://explodingtopics.com/blog/video-streaming-stats) 

Note: The above Chart is for representative purposes and does not depict actual sales & statistics. You can request a free sample or purchase the full report access today!

Which Online Platform hold the largest revenue market share in 2023?

Among all these applications, online platforms are dominating the market as all these platforms have made their way into the majority of household TV screens which has led the streaming services to grow further. With over 4.5 billion internet users worldwide, engaging in videos and entertainment remains one of the most popular activities among users. People are now spending hours viewing digital content. In 2023, global users spent over 28 hours engaging with the YouTube mobile app, with users in South Korea spending around 44.5 hours per month on the trending video platform via mobile. 
(Source:https://www.statista.com/markets/424/topic/542/online-video-entertainment/#overview) 

Theatres have provided people with exceptional image and sound experiences while watching films, whereas television has provided a comforting factor in which consumers can now sit at home at their leisure and watch whatever they want; the atmosphere will not be comparable to that of theatres, but it has gradually become a lifestyle. Online platforms on the other side, are on-demand online entertainment sources for TV shows, movies, and other streaming media which can availed from any devices, be it Television, mobile phones, or laptops, for example, Netflix, Disney+, and Amazon Prime Video. 

Netflix dominates as the most subscribed video streaming service, with 260.28 million subscribers.
(Source: https://music3point0.com/2024/07/03/2024-top-streaming-stats/) 

Note: The above Chart is for representative purposes and does not depict actual sales & statistics. You can request a free sample or purchase the full report access today!

Middle East and Africa Movies and Entertainment Genre Segment Analysis

Which Genre is currently dominating the Movies and Entertainment Market?

There has been a significant change in the preference of consumers for the genre across the world over the period of years however, as of now, the action and adventure genres are reported to be dominating the segment as they are mostly loaded with high-octane action, sequences, fights, stunts, and chase sequences, appealing a large group of consumers. Some of the high-rated action movies are Black Panther, Wakanda Forever, The Marvel films, etc. As of 2023, Adventure films have been reported to reach a box office revenue of more than 66 billion U.S. dollars, and action movies followed with more than 55 billion dollars in revenue. 
(Source: https://www.statista.com/statistics/188658/movie-genres-in-north-america-by-box-office-revenue-since-1995/) 

The action genre accounted for 34% of the box office revenue in the United States and Canada from the North American film market. Followed by adventure genre, with 20.3%. Comedy, being the third-ranked genre in the same period in the United States and Canada, with 12.5%, and Drama genres are also preferred by a large set of consumers especially with families and during relaxing times. Another genre loved by consumers is romantic as it brings a sense of feelings and emotions which makes people feel good to watch. 
(Source:https://www.statista.com/statistics/668712/movie-genres-in-north-america-by-average-box-office-revenue/#:~:text=Movie%20genre%20distribution%20in%20the,by%20box%20office%20market%20share&text=Throughout%202023%2C%20the%20action%20movie,the%20North%20American%20film%20market.)

• Action & Adventure
• Comedy
• Drama
• Suspense & Thriller
• Romance
• Horror
• Documentary
• Animation

Middle East and Africa Movies and Entertainment Audience Segment Analysis

The movies and entertainment market can be segmented by the audience into children, young adults, adults, and senior adults. Movies and entertainment remain a fascinating part of everyone's life, as they offer pleasure and a relaxing pastime. However, the audience segment dominating the movie and entertainment market is young adults. These are the only age groups of people with a little more time, a relaxed mood, and an interest in trending movies plus entertainment mediums. The gaming industry and video streaming services are most explored by young adults.

• Children
• Young Adults
• Adults
• Senior Adults

Middle East and Africa Movies and Entertainment Country Analysis

 

 

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modeling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.

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Author's Conclusion

Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product positioning and will assist you to understand opportunities and threats around the globe.

The Middle East and Africa Movies and Entertainment Market is witnessing significant growth in the near future.

In 2023, the Theatre films segment accounted for noticeable share of Middle East and Africa Movies and Entertainment Market and is projected to experience significant growth in the near future.

The Theatres segment is expected to expand at the significant CAGR retaining position throughout the forecast period.

Some of the key companies Paramount Global (PARA) , The Walt Disney Co. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the market.

Frequently Asked Questions

What is Middle East and Africa Movies and Entertainment market size/share and growth rate?

Middle East and Africa Movies and Entertainmentmarket size and its growth rate has been provided in the report. The historical period included in the report is from 2019 to 2023, whereas, the report provides forecast data for the years 2023 to 2030. This will help you to in terms of market share, regional market share, country level market share to understand how the market has been performing in the past and how it is going to perform in the following years. Correspondingly, historical and forecast analysis comprises sales and revenue data of the Middle East and Africa Movies and Entertainmentmarket. Market size for UK, Europe, North America, Asia Pacific, Middle East & Africa is also included in the report.

What are the major factors affecting the Middle East and Africa Movies and Entertainment market?

The major factors affecting the Middle East and Africa Movies and Entertainment market in a positive, as well as negative perspective, have been provided with detailed analysis in the report. This segment has encompassed drivers, opportunities, and challenges faced by the industry. This will help you to understand the major factors impacting Middle East and Africa Movies and Entertainment market trends and develop your business strategy accordingly.

Who are the top manufacturers of Middle East and Africa Movies and Entertainment? List of Middle East and Africa Movies and Entertainment Companies and there market trend or market share?

Major manufacturers or list of Middle East and Africa Movies and Entertainment manufacturers 2023 involved in the market have been profiled in the report along with their business strategies, recent developments, SWOT analysis, business overview, and market Trend from the year 2018-2022. Middle East and Africa Movies and Entertainment Companies such as Paramount Global (PARA), Comcast Corporation, The Walt Disney Co., Warner Bros. Discovery Inc., Sony Pictures, 20th Century Studios, Netflix Inc., Universal Pictures, Metro-Goldwyn-Mayer, Electronic Arts, Star Studios, Spotify AB, Live Nation Entertainment Inc. are part of the final deliverable document along with the same we can provide data for 2nd, 3rd, start-up level companies data and strategies as well. This will help you to understand the competitive analysis of the market and how other players are performing in the market. This detailed competitive analysis will help you to strategize your business accordingly and will keep you one step ahead. A quantitative and qualitative analysis of the main players in the Middle East and Africa Movies and Entertainment market is introduced, from the perspective of sales, revenue and price.

Which segments are covered under Middle East and Africa Movies and Entertainment market segments analysis?

Under Middle East and Africa Movies and Entertainment market segments analysis Type, Application, Genre. It provides detailed insights on each type and application. Further, it provides which sub-segment is dominating the Middle East and Africa Movies and Entertainment market along with its reason. Additionally, the Middle East and Africa Movies and Entertainment market report will help you to analyze which sub-segment is fastest-growing during the forecast period.

What has been the impact of COVID-19 on the Middle East and Africa Movies and Entertainment market?

After the analysis of the complete market, the report has provided how the COVID-19 pandemic has affected the market. All the parameters have covered the overall impact of COVID -19 on the market value, market trend & growth of the market, and how the major players in the particular market are adopting these changes. This will help you to understand the overall optimistic, pessimistic, and neutral effects of the coronavirus pandemic on the Middle East and Africa Movies and Entertainment market.

How the Middle East and Africa Movies and Entertainment market performed till 2023 and how will it perform in the following years?

The Middle East and Africa Movies and Entertainment market has been analyzed thoroughly and has estimated the parameters which have affected the market in the historical period as well as how the market is going to perform in the following years. This will provide a complete market scenario and help you to strategize your next move accordingly to the Middle East and Africa Movies and Entertainment market Share.

Which region is expected to hold the highest market share in the Middle East and Africa Movies and Entertainment market?

The report gives an exhaustive investigation of the Middle East and Africa Movies and Entertainment market at country & regional levels, and provides an analysis of the industry trends in each of the regions, from sales, revenue, and consumption. It will help you to understand which region is dominating the market and is expected to grow significantly in the following years. The regional analysis will help you in strategizing the expansion of business.

What are the parameters used to analyze market position?

Middle East and Africa Movies and Entertainmentmarket report has provided PESTEL and Porter analysis to provide insightful information regarding the market scenario. It also provides market attractiveness analysis with an acknowledgment of various factors within the market, including growth rate and market size, as well as outside factors such as access to raw materials, competition, and industry capacity.

How to order Full Report or Sample pages of the Middle East and Africa Movies and Entertainment market?

The sample report for the Middle East and Africa Movies and Entertainment Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.