The newspaper market was valued at €379m in 2022 but will fall to €288m by 2027, according to the report.
PwC is forecasting Ireland’s internet access market — a proxy for spending on broadband services — to grow at a compound annual rate of 6.5 per cent between 2022 and 2027, from €1.6 billion to €2.2 billion. This will mostly be driven by the Irish mobile market, which is expected to expand by 8.7 per cent, overtaking the traditional broadband sector for the first time.
Ireland is expected to remain a popular hub for foreign film-makers with the sector generating €161 million in annual revenues by 2027, up from €124 million in 2019. This is due largely to the section 481 tax credit incentive, PwC said, coupled with the recent global production boom. “Weighed down by the rising costs of paper and production of physical magazines,” PwC said the print magazine sector was expected to see revenues drop sharply across the board from print contracting to digital sales.