The number of employees in the radio broadcasting sector in Italy has experienced a consistent decline from 2013 to 2023. Starting at 3.03 thousand employees in 2013 and reducing to 1.77 thousand in 2023. The sector faced annual fluctuations with notable decreases, especially in 2014 (-16.89%), 2018 (-11.3%), and recent years showing a decline as well, with a 4.98% decrease in 2023. Over the last five years, the CAGR stands at -3.2%, indicating an average annual negative growth rate.
Looking ahead, the forecasted data from 2024 onwards continues the downward trend. By 2028, the sector is expected to have only 1.32 thousand employees, with a five-year CAGR of -4.72%, and an overall decline of 21.48% from 2023 to 2028.
Future trends to watch for include digital transformation, shifts in consumer media consumption, potential consolidation in the industry, and possible changes in regulatory policies that might impact the sector's employment landscape and growth trajectory.