The Media and Entertainment output in Finland has shown fluctuations over the years. From 2013 to 2019, the sector saw varied growth rates, peaking in 2014 with a 16.6% year-on-year increase but also experiencing declines, notably a -5.25% dip in 2020. The output recovered with a 13.62% rise in 2021 and continued modest growth in 2022 and 2023, standing at 7.88 Billion Euros in 2023. The 5-year CAGR for 2024 is 1.26%, indicating moderate annual growth moving forward to 2028. The forecast predicts steady growth with the output reaching 8.54 Billion Euros by 2028, reflecting a 6.47% growth rate over the five years.
Future trends to watch for include:
- Digital transformation and its impact on traditional media sectors.
- Increasing importance of streaming services and content creation.
- Potential economic factors that could influence consumer spending in entertainment.
- Technological advancements in AR/VR and their adoption in media and entertainment.