From 2013 to 2023, the employment in audiovisual and broadcasting in Australia showed a generally increasing trend, starting at approximately 53.72 thousand persons in 2013 and reaching 73.79 thousand persons in 2023. The most significant growth occurred between 2014 and 2017, followed by a stable yet moderate increase from 2018 onwards. The year-on-year growth remained positive but lower from 2021 to 2023, indicating a maturation of the sector. Over the last five years, the employment exhibited an average annual growth rate (CAGR) of 1.89%.
Looking ahead, the forecast predicts a steady growth rate, albeit slower compared to previous years, with a forecasted five-year CAGR of 1.11% leading to an estimated 79.19 thousand employed persons by 2028.
Future trends to watch for include:
- Technological advancements and digital transformation.
- The impact of streaming services and changes in content consumption.
- Economic factors and government policies affecting the industry.
- Global competition and collaborations within the sector.
