Shahid VIP is expected to have 1.351m subscribers by 2027, while StarzPlay is predicted to have 2.98m subscribers.
SVOD revenues for 20 countries in the MENA region are set to grow by $2.3bn between 2021 and 2027 to reach $4bn, according to the Middle East and North Africa OTT TV and Video Forecasts report from Digital TV Research.
The report stated that Turkey will triple its total to $1.27bn by 2027. The subscription video-on-demand arena in the MENA region is expected to grow from 17.016m customers at the end of 2021 to 36.70m by 2027.
Excluding its operation in Pakistan, regional player StarzPlay will have 2.98m subscribers by 2027, a million more than in 2021. Streaming service Shahid VIP is set for modest growth of 350,000 to 1.351m while MENA pay-TV firm OSN’s SVOD package will increase from half a million customers to 896,000.
Simon Murray, Principal Analyst at Digital TV Research, said: “Netflix will generate half – $1.90bn – of MENA’s $4bn SVOD revenues by 2027. Second-placed Disney+ will be a long way behind with $589m.”
Netflix will account for around 30% of the total by 2027, amounting to 11m customers. Disney+ will start in the Arabic countries, Israel and Turkey in 2022 and the study estimates that it will grow quickly over the next five years with 6.5m subscribers by 2027.