The Middle East and Africa’s audiovisual sector, among the fastest-growing in the world, is set to arrive at $4.63 billion by 2016.
Compelled by large infrastructure developments such as World Expo 2020 in Dubai and the 2022 Fifa World Cup in Qatar, the MEA audiovisual sector is estimated to rise from $2.79 billion in 2012 to $4.63 billion by 2016, posting a yearly increasing rate of 13%, according to the recently released information.
The UAE’s audiovisual market is approximated to escalate from $700 million in 2012 to $1.24 billion in 2016, making it the fastest-growing and second-largest in the Middle East. An appreciation to a prosperity of professional audiovisual capability, the UAE and Dubai are the nation’s audiovisual centers, serving other Middle East markets and afar.
Audiovisual technology covers every industry vertical, as well as transportation, healthcare, education and media, and covers a broad assortment of products and services such as displays and digital signage, lighting and sound systems, and media recording and storage equipment.
Audiovisual and IT are progressively more becoming integrated across the Middle East and Africa.
In Dubai, World Expo 2020-related improvements are urging demand for audiovisual solutions, particularly in venues, events and entertainment. Mohammed bin Rashid City, to be finished in 2019, will feature the world’s largest shopping mall, a theme park, and more than 100 hotels.
Hotels and shopping hubs are sturdily investing in audiovisual solutions to augment the tourist experience, as the nation’s retail and hospitality division boom. Dubai is the nation’s leading retail destination, with The Dubai Mall hosting over 30 million tourists each year.
Government audiovisual spending is also growing among infrastructure projects such as ports and rail networks. The education sector is also tremendously essential with universities and schools installing new technology to meet the digital requirements of the students and staff.