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Digital TV Research: Africa to Reach 10 Million SVoD Subscribers by 2023

Digital TV Research forecasts 9.99 million SVoD subscribers across 35 Sub-Saharan Africa countries by 2023, up from 1.56 million at the end of 2017. Although massive growth will take place, the report estimates that SVoD revenues will only be $775 million by 2023, as some platforms are very cheap.

DTVR SVoD Forecasts by Platform 1b

South Africa (3.37 million by 2023) will remain the leader, with Nigeria (2.61 million) in second place. South Africa and Nigeria will account for 60% of the region’s SVoD subscribers by 2023, down from 74% in 2017. The rest of the region is growing faster than the two main countries.

The top six platforms accounted for 90% of the region’s SVoD subscribers by the end of 2017, with this proportion to be retained throughout the forecast period. Despite being relatively expensive, Netflix will account for 40% of the 2023 total (4.03 million subscribers). Principal analyst Simon Murray commented:

“Marsimon murrayket dynamics have shifted over the last year. There have been fewer platform launches, especially on a country level. Furthermore, several multinational players are expected to rein in their ambitions, whereas Netflix has consolidated its market leadership.

We believe that iRoko will concentrate mostly on West Africa. A significant stake in Iflix was sold to Econet, which we believe will mean more focus on Eastern and Southern Africa. Multichoice announced that Showmax will be given free to premium DStv subscribers across