Key Takeaways
- The global public relations market size was valued at USD 88.32 billion in 2020 and is projected to grow to USD 129.95 billion by 2028 at a CAGR of 5.6% from 2021 to 2028
- US PR industry revenue reached $11.68 billion in 2022, marking a 6.2% increase from 2021
- The PR software market is expected to grow from $15.9 billion in 2023 to $38.4 billion by 2030 at a CAGR of 13.4%
- There were 28,000 PR specialists employed in the US in 2022, up 4% from 2021
- Average US PR manager salary was $137,160 annually in 2023
- Global PR workforce totals 600,000 professionals as of 2023
- 62% of PR campaigns now incorporate TikTok strategies in 2023
- 78% of PR pros use AI tools for content generation daily in 2024
- Video content drives 82% higher engagement in PR social posts 2023
- Global PR budgets averaged $1.2 million per large firm in 2023
- 42% of marketing budgets allocated to PR in B2C companies 2023
- Digital PR spending up 28% to 35% of total PR budgets 2024
- 67% of PR campaigns achieve 3:1 ROI or better in 2023 surveys
- Earned media value averaged $4.50 per $1 spent in top PR campaigns 2023
- 82% of consumers more likely to purchase after positive PR exposure
The global PR industry is experiencing strong growth driven by digital strategies and influencer marketing.
Budget Allocation
- Global PR budgets averaged $1.2 million per large firm in 2023
- 42% of marketing budgets allocated to PR in B2C companies 2023
- Digital PR spending up 28% to 35% of total PR budgets 2024
- US agencies average $500k client retainers for mid-sized accounts 2023
- Influencer PR partnerships budget averaged $250k per campaign 2023
- Crisis PR retainers cost $10k-$50k monthly for enterprises 2024
- 25% of PR budgets now go to analytics and measurement tools 2023
- Event PR sponsorships averaged $150k per major conference 2023
- Content creation eats 18% of agency PR budgets annually 2024
- B2B tech firms allocate 15% of revenue to PR budgets 2023 avg
- Social media PR tools subscription costs avg $15k/year per team 2024
- 33% budget increase for ESG PR reporting in 2023 corporates
- Startup PR launch budgets average $75k for 6-month campaigns 2024
- Media monitoring services take 12% of PR operational budgets 2023
- Award entries and PR stunts budget $20k avg per submission cycle 2024
- Global firms spend $2-5M annually on integrated marcom PR 2023
- Freelancer PR budgets for SMEs avg $30k/year outsourced 2024
- Video production for PR allocates 22% of creative budgets 2023
- Travel PR campaigns budget $100k+ for influencer trips 2024 avg
- Data visualization tools 8% of PR tech budgets in analytics focus 2023
- Product launch PR budgets avg $300k for consumer goods 2024
- DEI training and PR consulting 5% emerging budget line 2023
- Podcast PR production costs $50k per 10-episode series avg 2024
- Cyber PR insurance and response budgets up 40% to $40k avg 2023
Budget Allocation Interpretation
Campaign Effectiveness
- 67% of PR campaigns achieve 3:1 ROI or better in 2023 surveys
- Earned media value averaged $4.50 per $1 spent in top PR campaigns 2023
- 82% of consumers more likely to purchase after positive PR exposure
- Brand awareness lifts 29% post integrated PR/marketing campaigns 2024
- Crisis PR response within 24hrs reduces reputation damage by 41% 2023
- Influencer PR endorsements yield 11x ROI vs traditional ads 2023
- 76% of B2B buyers influenced by thought leadership PR content
- Social PR campaigns see 5.78% engagement rate avg successful ones 2024
- Product launch PR boosts sales 19% within first quarter 2023 data
- ESG PR initiatives improve stakeholder trust by 35% in surveys 2023
- User-generated PR content increases conversion 4x over branded 2024
- Viral PR stunts generate 1.2 billion impressions avg top 10 2023
- Employee advocacy PR programs boost reach 561% vs corporate 2024
- 64% share of voice gain from proactive media relations PR 2023
- Award-winning PR campaigns deliver 2.5x revenue uplift 2024
- Personalized PR outreach converts 30% higher than mass emails 2023
- Multi-channel PR campaigns achieve 23% higher attribution 2024
- 55% of consumers view brands more favorably after PR stories
- Data-driven PR targeting improves coverage quality 42% 2023
- Partnership PR announcements lift stock prices 1.7% avg 2024
- 78% of execs say PR most effective for reputation management
- Long-term PR nurturing yields 28% higher lifetime value 2023
- Visual PR content gets 94% more views than text-only 2024
- 73% of PR leads convert faster with social proof integration
Campaign Effectiveness Interpretation
Digital PR Trends
- 62% of PR campaigns now incorporate TikTok strategies in 2023
- 78% of PR pros use AI tools for content generation daily in 2024
- Video content drives 82% higher engagement in PR social posts 2023
- 94% of PR influencers on Instagram have under 100k followers effectively
- SEO-integrated PR links boost domain authority by 25% on average 2023
- 68% of brands use podcasts for PR in 2023, up from 42% in 2020
- LinkedIn generates 45% of B2B PR leads via organic posts 2024
- 51% of PR earned media comes from Twitter/X real-time engagement 2023
- User-generated content in PR campaigns increases trust by 28% 2023 study
- 75% of PR teams monitor sentiment via AI tools like Brandwatch 2024
- Short-form video PR on Reels/Shorts yields 3.5x more shares 2023
- 83% of journalists prefer digital press kits over email in 2023 survey
- NFT and Web3 PR mentions grew 400% YoY on social in 2023
- 66% of PR success measured by social impressions over AVEs 2024
- AR/VR experiences in PR events boost attendee engagement 40% 2023
- 72% of Gen Z discovers brands first via TikTok PR influencers 2024
- Email newsletters drive 22% of PR referral traffic in 2023
- 59% of PR agencies use ChatGPT for pitch personalization 2024
- Live streaming PR events see 6x higher retention than pre-recorded 2023
- 88% of digital PR focuses on zero-click content for voice search 2024
- Metaverse PR campaigns reached 15 million impressions avg in 2023
- 77% of PR pros prioritize mobile-first content optimization 2024
- Discord communities used in 34% of gaming PR strategies 2023
- 49% increase in PR podcast sponsorships ROI via downloads 2023
- Voice assistant PR queries up 55% with featured snippets key 2024
- 91% of B2B PR decision-makers use LinkedIn weekly for research 2023
- Instagram Stories ephemeral content boosts PR urgency 2.1x 2023
- 63% of PR crises handled first on social media platforms 2024
Digital PR Trends Interpretation
Employment & Salaries
- There were 28,000 PR specialists employed in the US in 2022, up 4% from 2021
- Average US PR manager salary was $137,160 annually in 2023
- Global PR workforce totals 600,000 professionals as of 2023
- UK PR industry employs 35,000 people with 92% holding degrees in 2022
- PR account executive entry-level salary in NYC averages $55,000 in 2024
- 67% of PR pros are women, but only 32% hold C-suite positions in 2023
- India PR sector employs 25,000 with 15% annual job growth since 2020
- Senior PR director salary in London averages £95,000 in 2023
- 45% of PR jobs now require data analytics skills per 2023 survey
- Australia PR workforce at 12,500 in 2022, average salary AUD 105,000
- Freelance PR consultant hourly rate averages $150-$300 in US 2024
- 22% increase in PR job postings for hybrid roles post-2022
- PR specialist median salary in Canada CAD 72,000 in 2023
- 58% of PR agencies report talent shortages in digital specialists 2023
- VP Public Relations salary in Silicon Valley averages $220,000 base + bonus 2024
- Germany PR market employs 18,000 with average salary €68,000 in 2023
- 76% of millennials in PR workforce seek career advancement within 2 years
- In-house PR roles grew 12% to 40% of total employment in 2023
- PR intern stipends average $20/hour in major US cities 2024
- Brazil PR professionals number 8,500 with avg salary BRL 120,000 annually 2023
- 65% of PR execs aged 25-44, diversity at 28% non-white in US 2023
- Chief Communications Officer average total comp $450,000 in Fortune 500 2023
- Remote PR jobs surged 35% in 2023 comprising 28% of postings
- Singapore PR salary avg SGD 85,000 for mid-level in 2023
- Turnover rate in PR agencies at 24% annually in 2023
- 82% of PR pros have bachelor's, 18% master's in comms fields 2023
- Consumer goods PR account supervisor salary $95,000 avg US 2024
- 91% of PR professionals work 40+ hours/week, 42% overtime regularly 2023
- 73% of social media managers in PR earn under $80k in US 2023
- PR employment in China at 50,000 with 20% YoY growth 2023
- 55.4% of US PR specialists female, median age 41 in 2022 BLS data
Employment & Salaries Interpretation
Market Size & Growth
- The global public relations market size was valued at USD 88.32 billion in 2020 and is projected to grow to USD 129.95 billion by 2028 at a CAGR of 5.6% from 2021 to 2028
- US PR industry revenue reached $11.68 billion in 2022, marking a 6.2% increase from 2021
- The PR software market is expected to grow from $15.9 billion in 2023 to $38.4 billion by 2030 at a CAGR of 13.4%
- Asia-Pacific PR market is forecasted to register the highest CAGR of 7.2% from 2023 to 2030 due to digital adoption
- Global PR market grew by 9% in 2021 to reach $92 billion amid post-pandemic recovery
- UK PR industry billings hit £4.3 billion in 2022, up 12% from previous year
- PR services market in North America accounted for 38% of global share in 2022 valued at $35.6 billion
- The influencer marketing segment within PR is projected to grow at 25.3% CAGR to $24.1 billion by 2025
- European PR market size was €12.5 billion in 2022 with 5.8% YoY growth
- Crisis communication PR services market expected to reach $1.2 billion by 2027 growing at 6.8% CAGR
- Latin America PR market grew 15% in 2022 to $2.8 billion driven by digital PR demand
- Corporate PR segment dominated with 42% market share in 2023 valued at $40+ billion globally
- PR agency market in India projected to hit INR 2,500 crore by 2025 at 18% CAGR
- Middle East PR market size reached $1.5 billion in 2023 with 8.5% growth forecast to 2030
- B2B PR market valued at $25 billion in 2022, expected to grow 7.1% annually to 2030
- PR tech market investment hit $2.1 billion in VC funding in 2022 across 150+ deals
- Global event PR services market to expand from $8.9 billion in 2023 to $15.2 billion by 2031 at 7% CAGR
- Healthcare PR market size was $4.5 billion in 2022, projected CAGR 6.2% to $7.8 billion by 2032
- Tech PR sector grew 11% YoY in 2023 to $12 billion globally
- Sustainable PR practices market emerging at $3.2 billion in 2023 with 12% CAGR forecast
- Food & Beverage PR market valued at $2.1 billion in 2022, growing at 5.9% to 2030
- Entertainment PR industry billings reached $6.8 billion in US 2022, up 4.5%
- Nonprofit PR spending increased 8% to $1.9 billion globally in 2023
- Luxury goods PR market at $1.8 billion in 2023, CAGR 9.2% to $3.5 billion by 2030
- Automotive PR sector revenue $2.4 billion in 2022, projected 6.5% growth
- Travel & Tourism PR market recovered to $3.7 billion in 2023 post-COVID at 10% YoY
- Financial services PR billings $4.2 billion in US 2023, up 7%
- Education PR market size $1.6 billion globally 2022, CAGR 5.8% to 2030
- Retail PR industry grew to $5.1 billion in 2023 with e-commerce boost
- Energy & Utilities PR market at $2.9 billion 2023, 8.1% CAGR forecast
Market Size & Growth Interpretation
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