In Canada, the employment forecast for the advertising and market research sector shows a steady increase from 71.4 thousand jobs in 2024 to 73.81 thousand jobs by 2028. This represents a compound annual growth rate (CAGR) of 0.84% over five years. The year-on-year growth ranges from 0.88% to 0.79% over the forecast period, indicating a stable upward trajectory. In 2023, the industry employed approximately similar figures to 2024, highlighting consistent growth.
Future trends to watch for include:
- Potential impacts of technological advancements on job demand and roles.
- Shifts in advertising methods and platforms as digital marketing continues to evolve.
- Economic factors influencing market research investments by companies.
- Increasing importance of data analytics, potentially altering skill requirements in the workforce.