The revenue for Publishing and Broadcasting Activities in Malaysia has shown significant growth from 2015 to 2023, increasing from 6.65 billion MYR to 9.41 billion MYR. Despite a dip in 2020 and 2021 due to external factors, the industry rebounded strongly in 2022 with a 17.11% year-on-year increase, followed by a 6.98% increase in 2023. Over the last five years, the average annual growth rate (CAGR) stands at 2.45%.
The forecast for 2024 and beyond anticipates sustained growth, with revenues expected to reach 11.14 billion MYR by 2028. The forecasted CAGR over the next five years is 2.61%, indicating steady industry expansion and a total growth rate of 13.75% from 2024 to 2028.
Future trends to watch for include digital transformation in publishing and broadcasting, increased investment in content creation, and shifts in consumer behavior driven by technological advancements. Monitoring the impact of economic fluctuations and regulatory changes will also be crucial.
