In 2023, the number of persons employed in advertising and market research in the UK stood at approximately 192.95 thousand. From 2024 onwards, forecasts suggest a steady increase in employment, ranging from 194.24 thousand in 2024 to 199.27 thousand in 2028. Year-over-year growth averages around 0.67%, indicating a consistent upward trend. This positive outlook is reinforced by a compound annual growth rate (CAGR) of approximately 0.81% from 2024 to 2028.
Future trends to monitor include:
- The impact of digital transformation on job roles and skills demand in the sector.
- Shifts in consumer behavior influencing advertising strategies.
- Implications of economic conditions on market research investments.
- The rise of data-driven decision-making and its influence on workforce needs.