Dubai – Mubasher: The number of Internet subscribers across the Middle East and Africa region is expected to rise by a compound annual growth rate of 21.9% by 2019, showed a report issued by PwC Middle East.
The international smartphone connections are set to double to 3.85 billion in 2019 from 2 billion in 2014, added the report.
MEA mobile internet subscribers are expected to grow at a CAGR of 21.9% from 2014 to 2019. Globally, mobile internet advertising spend is forecasted to surpass display by 2018, growing at a CAGR of 23.1%, according to PwC.
Global smartphone connections are forecasted to rise from 1.92 billion in 2014 to 3.85 billion in 2019
Globally, mobile internet advertising is expected to surpass display advertising as early as 2018.
Total MEA spend will increase from $38.8 million in 2014 to $61.1 million in 2019, according to the report.
PwC added that Saudi Arabia is expected to have the highest film market revenue growth at a CAGR of 18.5% from 2014-2019, driven by OTT/streaming.
