Employment in the Advertising and Market Research sector in Austria stood at 13.9 thousand Full-Time Equivalent positions in 2023. Observing the historical trend, employment peaked at 15.53 thousand in 2018, then exhibited a declining trend, with notable drops observed during 2020 and subsequent years.
From 2022 to 2023, employment decreased by 0.41%. The sector's Compound Annual Growth Rate (CAGR) over the last five years was -2.19%, highlighting a consistent decline.
Looking forward, the forecast data suggests a continued decline in employment, with a predicted annual average decrease of 0.32% over the next five years, reaching 13.62 thousand by 2028.
Future trends to watch for:
- Impact of digital transformation and automation in advertising and market research operations
- Economic factors influencing marketing budgets in businesses
- Demand for specialized skills and new job roles emerging in response to industry changes