Research States PR Indusry Sales in 2012 10.9 Billion
By Ronn Torossian on Dec 17, 2012 with Comments 0
5WPR was very pleased at the findings of recently released highlights on the growth and revenue of the public relations industry.
IBIS World, a leading research company estimates that the revenue of the Public Relations industry will finish 2012 at $10.9 billion, and will continue growing quickly. IBIS world also estimates that PR firms will be able to achieve higher profit in coming years as a result of rising marketing budgets.
Its an industry with some very large firms – IBISWorld estimates the four largest PR firms account for 19.9% of Public Relations Firms industry revenue in 2012.
IBIS world is selling a report on the public relations industry, which states in part that: “Public relations firms are taking advantage of social networking websites and other technology-focused trends in order to gain footing in the new economic climate. As the general economy moves into a recovery, corporate spending will increase, fueling industry revenue.”
A lot of activity and excitement abounds in the PR industry.
Ronn Torossian is CEO of 5WPR.
Filed Under: Business • Ronn Torossian
(No Ratings Yet)
Loading ...
About the Author: Ronn Torossian is the CEO of NY based 5W Public Relations, 1 of the 25 largest PR Agencies in the US. He is a member of Young Presidents Organization (YPO), a Jewish philanthropist and active in a number of worldwide Jewish organizations. More about Ronn
