From 2013 to 2022, the industry has experienced varied growth patterns, with a significant drop in 2020 (-16.01%) due to the pandemic, followed by rapid recovery in 2021 (25.59%). The CAGR over the last five years (2022: 3.16%, 2023: 2.36%, forecasted 2028: 1.54%) indicates a steady but moderate growth trend moving forward.
The industry, forecasted to grow at 7.96% over the next five years, will likely be influenced by ongoing digital transformation, advancements in streaming technologies, and changes in consumer behavior. Monitoring these factors will be crucial for strategic planning.
