Market value The Australian media industry grew by 1.5% in 2015 to reach a value of $12.4 billion. Market value forecast In 2020, the Australian media industry is forecast to have a value of $13.5 billion, an increase of 8.9% since 2015. Category segmentation Broadcasting & cable tv is the largest segment of the media industry in Australia, accounting for 51.2% of the industry's total value. Geography segmentation Australia accounts for 4.7% of the Asia-Pacific media industry value. Market rivalry Typically, players in the media industry tend to be large, vertically integrated corporations, although there are a number of smaller players exploiting niche markets. These larger companies tend to exacerbate rivalry as they are more formidable rivals than smaller companies, and are able to exploit economies of scale. [ABSTRACT FROM AUTHOR]