Friday, June 9, 2023

CABSAT 2023 successfully concludes, celebrating the compelling and engaging creator economy

The 29th edition of CABSAT 2023, the award-winning event for the broadcast, satellite, content creation, production, distribution, digital media, and entertainment industries, had come to a successful end on May 18, 2023, during which leading players showcased emerging trends and technologies in these fields and facilitated thought-provoking discussions, alongside practical demos on the show floor.

CABSAT is the Middle East & Africa’s leading event for content, broadcast, satellite, media & entertainment industry professionals looking to leverage the latest technology and innovation in creating the next-gen content

The show is the dominant broadcast, digital media and satellite communications technology platform for anyone wishing to target broadcasters, production houses and studios, animation houses, content owners and creators, software developers, telcos, systems integrators and distribution channels in the MEASA region.

CABSAT TV provides live streaming services from the MEASA region’s leading event for the media, entertainment and satellite industries.  The show is the dominant broadcast, digital media and satellite communications technology platform for anyone wishing to target broadcasters, production houses and studios, animation houses, content owners and creators, software developers, telcos, systems integrators and distribution channels in the MEASA region.

CABSAT brought together international industry leaders alongside regional government and business stakeholders for three days of business networking, knowledge sharing, and innovation discovery. Exhibiting companies included NEOM; Beijing Municipal Radio and Television Bureau; Vectracom archives solutions from France; Kenya Television Network; Akratek Elektronok San Türkiye; Canadian media technology company Grass Valley, and multinational Hitachi.

The content congress covered key trends, market developments and events that are producing an irreversible global change across major industries, including media, creating new forms of cross-border, regional collaboration. Focusing on the present while keeping an eye on the future, the Content Congress delved into a number of key topics that are impacting the content creation community

With over 340 global exhibitors and 14,000 visitors from over 120 countries, the event brought together key international decision-makers, buyers and thought leaders, eager to meet face to face, collaborate and innovate together.

The Middle East media and entertainment market is expected to grow at a CAGR of approximately 12.79% over the forecast period (2021 – 2026). The Middle Eastern market was valued at US$ 35.11 billion in 2020 and is expected to reach US$ 69.83 billion by 2026. Source: Mordor Intelligence

According to the PwC Global Outlook Report, top 5 of the world’s best-performing entertainment and media consumer markets are in the MEASA region. The top 5 performing markets are India (CAGR 8.8%), Nigeria (CAGR 8.6%), Philippines (CAGR 5.8%), Saudi Arabia (CAGR 5.4%) and Pakistan (CAGR 5.4%) for a forecasted period of 2019 – 2024.

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