The Value Added of Programming and Broadcasting in Australia has shown considerable fluctuation from 2013 to 2023. For the year 2023, the value stood at 3.93 Billion Australian Dollars. Notably, the sector experienced significant declines post-2018, with modest rebounds in some years. The year-on-year percentages reveal a deep drop of 17.74% in 2018, followed by an annual decrease of around 10.24% in 2019. While 2020 saw a slight recovery with an 11.68% increase, the subsequent years returned to a negative trend, recording a CAGR of -2.27% over the last five years. Forecasts until 2028 predict a continual decline with an expected CAGR of -2.86% over the five-year period from 2024 to 2028, reflecting an overall decrease of 13.48% in growth rate.
Future trends to watch for include:
- The impact of digital transformation and streaming services on traditional broadcasting revenues.
- Potential regulatory changes and their implications for local content production.
- The influence of global media market trends on domestic programming and broadcast industries.
- Technological advancements in broadcasting and their adoption by the Australian market.
- Changing consumer behaviors and preferences regarding media consumption.
