Page 431 - CABSAT ENGLISH PR REPORT - FEBRUARY to MAY 2023

4/28/23, 11:43 AM CABSAT 2023 to showcase latest trends, innovations in production and broadcast sector
The 29th edition of CABSAT is being held amidst positive growth in the Middle East's

media and entertainment market, which is projected to grow at a CAGR of 7.4 percent

between 2021 and 2026, reaching USD 47 billion. This growth is supported by significant

government backing for the entertainment industry in the MENA region.

The event will provide a platform for industry experts and leaders to share best practices

and discover the latest production and broadcast technologies that have the potential to

further boost the entertainment market in the MENA region. The industry has become

increasingly reliant on Video on Demand (VOD), and the event will focus on the latest

advances in this area, with the VOD sector expected to generate USD 174.80 million in

revenue by the end of 2023, expanding at an annual rate of 5.04 percent to reach a

projected market volume of USD 215.7 million by 2027.

The 29th edition of CABSAT aims to bring together established content creation and
broadcast sector leaders with up-and-coming disruptors, driving the industry's

transformation through its position as a major business, innovation, and knowledge

exchange platform in the media and entertainment sector.

News Source: Emirates News Agency

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