In 2023, the number of employees in the publishing industry in Germany stood at approximately 144,000 people. From 2024 to 2028, the sector is expected to experience a continuous decline in the workforce, with a predicted decrease to 119,000 employees by 2028. This represents a significant year-on-year reduction of about 3.6% on average. The compound annual growth rate (CAGR) is negative, highlighting a consistent downward trend over the five-year period.
Future trends to watch for:
- Technological advancements potentially driving further digital transformation, impacting traditional roles.
- Shift towards digital platforms possibly creating opportunities for new skill sets and job functions within the industry.
- Market consolidation might lead to further restructuring and employment changes.