The number of employees in the radio broadcasting sector in France stood at 7.89 thousand in 2023. Over the past decade, the sector has witnessed considerable fluctuations, characterized by notable peaks and troughs. The sharpest decline occurred between 2016 and 2020, with a steep reduction of 19.21% in 2020. Conversely, 2018 experienced a significant year-on-year increase of 30.08%. More recently, between 2022 and 2023, the workforce grew by 2.84%. The compound annual growth rate (CAGR) from 2019 to 2023 indicates a slight overall decline of 0.77%, reflecting a predominantly stable environment with minor oscillations.
Looking forward, the forecast for the sector suggests a gradual reduction in employee numbers, with an anticipated decrease to 7.51 thousand by 2028. This trend points to an average annual decline rate (CAGR) of -0.77% over the next five years. Factors such as technological advancements and shifts in media consumption patterns are likely to contribute to this reduction.
Future trends to watch for:
- Impact of digital transformation and automation on workforce requirements.
- Shifts in advertising revenue and how they affect employment in traditional vs. digital radio.
- Potential mergers and acquisitions within the media industry, leading to workforce restructuring.
- Evolving listener preferences and their impact on content creation roles.