Page 440 - CABSAT ENGLISH PR REPORT - FEBRUARY to MAY 2023
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CABSAT 2023 to showcase innovative
technologies in production and broadcast
sector with major players
Story by Tariq Al Fahaam/ Muhammad Aamir • Yesterday 3:41 PM
DUBAI, 27th April, 2023 (WAM) – CABSAT 2023, the premier event for content
creation, distribution, digital media, and satellite communication, will showcase the
latest trends and innovations set to revolutionize the live media and entertainment
industry. The three-day exhibition, taking place from May 16th to 18th at Dubai World
Trade Centre, will bring together major national and international production and
broadcast market players, thought leaders, and business owners, to showcase their
innovative technologies and concepts.
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.
Provided by SyndiGate Media Inc. (Syndigate.info).
https://www.msn.com/en-ae/news/other/cabsat-2023-to-showcase-innovative-technologies-in-production-
and-broadcast-sector-with-major-players/ar-AA1aqkgu
