How much is the public relations industry worth?
It was calculated that the global PR market was worth 88 billion U.S. dollars in 2020.
Is the PR industry profitable?
The new data shows U.S. PR agency profitability was 18.2 percent of net revenues (fees + markups), up from 17.4 percent a year ago.
How big is the public relations industry?
Public Relations Firms in the US – Market Size 2002–2027
| $16.4bn | Public Relations Firms in the US Market Size in 2022 |
|---|---|
| 4.7% | Public Relations Firms in the US Market Size Growth in 2022 |
| 2.6% | Public Relations Firms in the US Annualized Market Size Growth 2017–2022 |
Is PR a growing industry?
Employment of public relations specialists is projected to grow 11 percent from 2020 to 2030, faster than the average for all occupations. About 29,200 openings for public relations specialists are projected each year, on average, over the decade.
How many people work in the PR industry?
National estimates for Public Relations Specialists:
| Employment (1) | Employment RSE (3) | Mean annual wage (2) |
|---|---|---|
| 242,710 | 0.9 % | $ 73,250 |
How many companies use public relations?
Public Relations Firms in the US – Number of Businesses 2002–2027
| 53,617 | Public Relations Firms Businesses in the US in 2022 |
|---|---|
| 4.4% | Public Relations Firms in the US Business Growth in 2022 |
| 4.5% | Public Relations Firms in the US Annualized Business Growth 2017–2022 |
What is the current state of the public relations industry?
The PR industry employed around 270,000 people in the US as of 2019, according to the Bureau of Labor Statistics. It employs people who work in-house at brands as well as agencies of all sizes. The field remains high-paying and competitive, with opportunities in pharma, tech, and healthcare communications.
How many people are employed in public relations?
National estimates for Public Relations Specialists:
| Employment (1) | Employment RSE (3) | Mean hourly wage |
|---|---|---|
| 242,710 | 0.9 % | $ 35.22 |
What state pays public relations the most?
The states and districts that pay Public Relations Specialists the highest mean salary are District of Columbia ($109,140), New Jersey ($82,890), Washington ($81,380), California ($80,090), and Maryland ($79,970).
What are the recent trends in public relations?
Data and Analytics Take Center Stage for PR Strategies. Diversity and Inclusion Reign Supreme for PR. Influencer Marketing Is Still Going Strong. Consider the Personalized PR Pitch.
What is public relations in the industry?
Public relations (PR) refers to managing how others see and feel about a person, brand, or company. PR for corporations, notably publicly traded companies, focuses on maintaining a positive corporate image while handling media requests and shareholder inquiries.
How much is the PR industry worth?
It was calculated that the global PR market was worth 63.8 billion U.S. dollars in 2018. By the end of 2022 the industry is expected to surpass a value of 93 billion dollars, at a CAGR of 9.9 percent. Public relations (PR) market value worldwide in 2018 and 2022 (in billion U.S. dollars)
What was the public relations industry revenue in 2016?
Public relations (PR) industry revenue worldwide in 2016 and 2020 (in billion U.S. dollars) The timeline shows a forecast of the public relations (PR) industry revenue worldwide in 2016 and 2020. The sources projected that the revenue would grow from 14 to 19.3 billion U.S. dollars in the presented period.
What is the forecast period of public relations market research?
Public Relations Market – Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021-2026 $ 4500 Single User License? $ 6900 Corporate User License? Public Relations Market is forecast to reach $130.5 billion by 2025, at a CAGR of 10.50% during 2020-2025.
What is the largest PR agency in the world?
According to an industry ranking, Edelman – a private firm co-headquarted in Chicago and New York City – is the largest PR agency worldwide. In 2020, the company generated nearly 840 million U.S. dollars in fee income, down from 892 million a year earlier.