In 2023, the production of audiovisual and broadcasting in Austria stood at €3.36 billion. The industry has shown fluctuations over the past decade, experiencing significant drops in 2020 due to external factors, but steadily rebounding to a stronger position by 2023. Year-on-year growth was 1.87% in 2023, with a compounded annual growth rate (CAGR) of 2.33% over the last five years.
Moving forward, from 2024 to 2028, the industry is forecasted to grow at an average annual rate of 1.44%, with an overall growth rate of 7.41% by 2028. It is crucial to observe the following future trends:
- Technological advancements, particularly in streaming and on-demand services, influencing production practices and distribution.
- Shifts in consumer behavior towards digital and mobile consumption impacting traditional broadcast channels.
- Policy changes and regulatory frameworks that could affect the industry's growth trajectory.