Forecast: Production of Advertising and Market Research in Greece

The production of advertising and market research in Greece experienced fluctuations over the past decade, demonstrating periods of both growth and decline. Significant drops were noted in 2020 with a -23.17% year-on-year variation, followed by a partial recovery in 2021 with a 16.69% increase. However, recent years show a downward trend, with 2022 and 2023 reflecting declines of -3.19% and -3.23%, respectively. As of 2023, the industry's value stood at 1.07 billion Euros. The projected CAGR for the next five years (2024-2028) is -3.04%, indicating a continued decline.

Future trends to watch for include:

  • Innovative digital marketing strategies
  • Impact of economic conditions on advertising budgets
  • Adoption of data-driven and AI-enhanced market research methods
  • Shift towards sustainability and ethical advertising practices

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