The value added of the audiovisual and broadcasting industry in Canada is forecasted to rise, from $8.67 billion CAD in 2024 to $9.38 billion CAD in 2028. Assuming a value slightly lower in 2023, this industry shows a steady annual growth rate. The year-on-year increase from 2024 to 2025 is approximately 2.08%, with similar growth rates in subsequent years. The compound annual growth rate (CAGR) over the five-year period (2024-2028) is approximately 1.99%.
Future trends to watch include:
- Technological advancements driving content creation and distribution.
- Government policies influencing media regulations and investments.
- The impact of new streaming platforms and digital services on market dynamics.
- Consumer demand for diverse and inclusive content.
