This, according to the latest report, will be $2.1bn more or triple the total revenue in 2019.
Subscription video-on-demand revenues in the MENA region are set to reach $2.97bn by 2025, according to a Digital TV Research report.
Apart from the revenues, the MENA OTT TV and Video Forecasts report predicted that Turkey would account for $908m in 2025, with Saudi Arabia claiming $563m and Israel $470m.
Among the key SVOD providers, Netflix is set to account for 38% total of MENA SVOD subscribers by 2025 with its base doubling from 2019, followed by StarzPlay (23%) and Disney Plus (11%). These three platforms will generate three-quarters of the Arab total by 2025, the report said.
Commenting on the report, Simon Murray, principal analyst at Digital TV Research, said: “We forecast 29.63m SVOD subscriptions by 2025, up from 12.25m recorded at end-2019. Collectively, the 13 Arabic-speaking countries will overtake Turkey’s subscriber count in 2025.”