The projected media and entertainment sector in Canada is set to see a steady increase from 2024 to 2028.
- The sector's productivity measured in million hours is expected to grow from 394.6 in 2024 to 446.18 by 2028.
- Comparing 2024 with 2023, which had an actual value of 386.34 million hours, this reflects estimated year-on-year growth rates from 3.2% in 2024, peaking at 2.83% in 2028. On average, the compound annual growth rate (CAGR) over the five years is projected to be approximately 2.51%.
Future trends to consider include an increase in digital content consumption, advancements in AI and AR/VR technologies, and evolving consumer preferences. Monitoring these trends and their impact on workforce productivity will be crucial for strategic planning and resource allocation in the industry.
