The sector experienced steady growth from 2013 to 2019, with momentary decline in 2020 due to the COVID-19 pandemic. A robust recovery occurred in 2021, followed by moderate fluctuations. Future trends suggest a moderate but steady growth with a 5-year CAGR of 1.2%, reaching 52.76 Billion Canadian Dollars by 2028.
Future Trends to Watch For
The industry is likely to be influenced by digital transformation, advancements in streaming technology, and increased content consumption. Monitoring these factors will be crucial for forecasting and strategic planning.
