In 2023, the number of persons employed in the Advertising and Market Research sector in Switzerland was 16.15 thousand employees. The forecasted employment figures show a decline over the next five years from 2024 to 2028. Specifically, there is a year-on-year percentage decline of approximately 2.6% from 2023 to 2024, 2.6% from 2024 to 2025, 2.6% from 2025 to 2026, 2.6% from 2026 to 2027, and 2.8% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over this period is expected to be around -2.6%.
Future trends to watch for:
- The impact of technology and automation on employment in the sector.
- Changes in consumer behavior and the consequent shift in advertising strategies.
- Market consolidation and the influence of major global advertising and market research firms.
- Potential economic factors, such as recession, that could further accelerate employment decline.