From 2013 to 2023, the production volumes of audiovisual and broadcasting in Austria (measured in billion euros) showed fluctuating growth. Key variations include a notable peak in 2016, followed by a dip between 2017 and 2018. The impact of 2020 is evident with a significant decline at -16.25% due to potential global disruptions. Recovery was seen in 2021 with a surge of 23.97%. By 2023, the industry stood at 2.97 billion euros, reflecting a modest growth of 0.83% year-on-year. The five-year CAGR leading to 2023 stands at 1.28%.
Forecasts from 2024 to 2028 indicate a steady upward trajectory with a projected 5-year CAGR of 0.66% and a cumulative growth rate of 3.33%, suggesting cautious optimism in the industry.
Future trends to watch include the evolving digital transformation landscape, the adoption of emerging technologies, and potential economic impacts on the audiovisual and broadcasting sectors.
