May 29, 2024
Middle East And Central Asia Creator Economy Market
Ict

The Middle East And Central Asia Creator Economy Market Is Estimated To Witness High Growth Owing To Social Media Influencers

The Middle East and Central Asia creator economy includes social media influencers, content creators, digital entrepreneurs, software developers and engineers, and others who create and distribute content online and earn money from it. Social media platforms serve as the most popular medium for creators to showcase and monetize their talents and skills. Creators primarily engage with audiences through platforms like YouTube, Instagram, Snapchat, TikTok, and Facebook to publish blogs, videos, photos, user-generated content, and engage with followers. The increasing popularity of short-form video and live streaming has opened newer avenues for creators to earn profits. This engagement and monetization of content has led to the rise of the creator economy in the region.

The Global Middle East And Central Asia Creator Economy Market Size Is Estimated To Be Valued At US$ 229.5 Mn In 2024 And Is Expected To Exhibit A CAGR Of 21.% Over The Forecast Period 2024-2031.

Key Takeaways

Key players operating in the Middle East and Central Asia Creator Economy are Youtube, Instagram, Tiktok, Likee, Snapchat, Facebook, Twitter, Vmate, Spotify, And Anghami. These social media platforms provide various monetization tools and features like subscriptions, memberships, advertisements, affiliate marketing, sponsorships, and more that creators can leverage to earn revenue.

The key opportunities in the market include the growing popularity of live streaming in the region, rising demand for localized content across genres like education, entertainment, and lifestyle, increasing internet and smartphone penetration providing larger access to audiences. The thriving creator workforce is fueling new content formats, innovations, and digital experiences.

The creator economy is witnessing global expansion through strategic partnerships and investments. Regional platforms are launching global versions to tap international markets while global players are customizing offerings for the local population through localized content guidelines, features, and languages. Export of regional influencer talent and content overseas is also on the rise.

Market Drivers

The growing influence of social media in the region complemented by rising internet and smartphone users is a key driver for the Middle East and Central Asia creator economy market. Young population with higher digital affinity also prefer accessing information and entertainment through creators on digital platforms. Evolving consumer preferences towards engaging stories and experiences showcased by influencers and content creators across regional languages is further propelling the market growth.

Pest Analysis

Political: The region has seen political instability due to ongoing conflicts, civil unrest and government transitions in some countries impacting the market.
Economic: The economic growth in the region especially due to oil exports is promoting higher discretionary spending on digital content and services driving the creator economy market.
Social: Higher mobile and internet penetration along with growing popularity of social media platforms is enabling more people to take up content creation and become digital influencers.
Technological: Advancements in mobile technology, affordable smartphones, high-speed internet connectivity and improved digital payment options are fueling the rise of social media influencers and digital content creators in the region.

The Middle East region, especially Gulf countries like Saudi Arabia, United Arab Emirates and Qatar account for the largest share of the creator economy market in value terms due to high disposable incomes and digital access. These countries are also spending substantially on sponsorships and commissions for popular social media influencers and digital content creators through agencies and direct brand deals.

The Central Asian countries are witnessing the fastest growth for the creator economy market driven by the young population adopting modern digital lifestyles at a rapid pace compared to other regions. Countries like Kazakhstan, Uzbekistan and Azerbaijan are emerging as new hotspots with increasing number of young creators gaining followers locally as well as outside through their engaging content on social networks in native languages and through translation.

What are the key data covered in this Middle East and Central Asia Creator Economy Market report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the Middle East and Central Asia Creator Economy Market’s growth between 2024 and 2031.

:- Accurate calculation of the size of the Middle East and Central Asia Creator Economy  Market and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behavior

:- Middle East and Central Asia Creator Economy  Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of Middle East and Central Asia Creator Economy  Market vendors

FAQ’s

Q.1 What are the main factors influencing the Middle East and Central Asia Creator Economy market?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Middle East and Central Asia Creator Economy Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Middle East and Central Asia Creator Economy market’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?

*Note:

  1. Source: CoherentMI, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it