The media and entertainment market in the Middle East is enjoying rapid growth particularly when compared to the rest of the world.  Currently worth US$41.13 billion, according to the research firm Mordor Intelligence, and projected to grow to US$59.1 billion in the next five years, a compounded annual growth rate (CAGR) of 9.41%.  In contrast, the latest Global Media and Entertainment Report from Price Waterhouse Coopers, indicates that global revenue from this sector is projected to grow at a significantly lower CAGR of 3.9%.

The Asia Video Industry Association (AVIA), in partnership with the Korean Creative Content Agency (KOCCA), held Korea in View @BCWW on 29 August to much success, hosting over 300 delegates at COEX, as part of the 3-day global broadcasting content convention.

The conference opened with a special welcome address by Eun Young Kang, Director of the Broadcast & Advertisement Policy Division, Ministry of Culture, Sports and Tourism, before going deep into insights on the next chapter of the Korean content boom and how the industry could emerge from this “correction period”.

The emergence of new generations of satellite Internet of Things (IoT) networks over the last years and their promise of low-cost and low-power global IoT connectivity is seen by many as the fuel for the global 4th Industrial Revolution (4IR). 

With satellite IoT as a key driver for the 4IR, along with advancements in sensor miniaturisation, edge and cloud computing and AI, satellite IoT will enable it to expand globally and to all sectors of society.