The Media and Entertainment sector in Austria experienced a steady increase in the number of employees from 2013 to 2022, growing from 22.53 thousand to 25.92 thousand people. From 2023 onwards, the data is forecasted, showing a continued upward trend. Over the last two years (2022 and 2023), the year-on-year variations are 5.28% and 2.08%, respectively. The 5-year CAGR, as of 2028, is projected at 1.08%, indicating a gradual but steady growth.
Future Trends to Watch
The Media and Entertainment sector in Austria is expected to see continuous but moderate growth. Key future trends include the digital transformation of media, increasing demand for streaming services, and the impact of new technologies such as artificial intelligence and virtual reality, which could potentially drive further employment within the sector.
