The number of persons employed in the advertising and market research sector in Spain stood at 107,56 thousands in 2023. Forecasts indicate a downward trend in employment from 2024 to 2028, with figures dropping from 104.91 thousand employees in 2024 to 95.24 thousand in 2028. The year-on-year variation highlights a consistent decline: -2.33% in 2025, -2.37% in 2026, -2.41% in 2027, and -2.45% in 2028. The Compound Annual Growth Rate (CAGR) over the 5-year period is -2.44%.
Future trends to watch for:
- Digital marketing advancements potentially leading to more automated processes.
- Increased demand for data analytics skills in market research.
- Potential impact of economic fluctuations on advertising budgets affecting employment rates.
- Growing emphasis on sustainability and ethical advertising influencing industry dynamics.