The Media and Entertainment sector in the UK witnessed varying growth trends from 2013 to 2023. In 2023, the employee count stood at 313.01 thousand units. Between 2013 and 2023, the sector experienced fluctuations with years of decline and robust growth. The largest increases occurred between 2021 and 2023, with a peak increase of 10.02% year-on-year in 2022. Over the last five years, the average annual growth rate (CAGR) was 3.59%.
Forecasts suggest continuous growth from 2024 to 2028, with an expected average annual growth rate (CAGR) of 1.06% and an overall forecasted growth rate of 5.41% by 2028.
Future trends to watch for:
- Technological advances driving content creation and distribution.
- Increasing demand for digital media and streaming services.
- Potential impacts of economic factors on employment trends.
