The number of employees in Publishing, Audiovisual, and Broadcasting Activities in Canada has experienced steady growth from 2013 to 2024. In 2013, the industry had approximately 154,000 jobs, and by 2023 this number increased to around 193,000 jobs, marking an annual growth rate (CAGR) of 2.12% over the last five years. The growth was particularly notable between 2019 and 2020 despite a minor dip, showcasing resilience during the challenging pandemic period.
The last two years saw a consistent year-on-year increase of around 1.36% to 1.4%, reflecting steady sector performance. Moving forward, the forecasted CAGR for the next five years is approximately 1.07%, which translates to a growth rate of 5.44% by 2028, indicating continual but modest expansion.
Future Trends to Watch:
- Growth in digital publishing and streaming platforms, which could further drive employment.
- Technological advancements such as AI in content creation, potentially reshaping job roles.
- Regulatory changes impacting media and content distribution.
- Shifts in consumer behavior towards on-demand and personalized content.