The output of programming and broadcasting in Australia has seen both growth and decline between 2013 and 2023. In 2023, the output stood at 9.24 billion Australian Dollars. Year-on-year variations display fluctuations with significant declines from 2018 onwards. The last five years recorded a cumulative annual growth rate (CAGR) of -2.51%. Notable trends include a peak in 2015 and a persistent decline from 2018 to 2023. Forecasted data from 2024 to 2028 predicts a further average decline of 1.48% annually.
Future trends to watch for:
- Continued digital transformation and its impact on traditional broadcasting.
- Shifts in consumer preferences towards streaming platforms.
- Regulatory changes affecting the broadcasting industry.
- Innovation in content delivery and emerging technologies.
