The World PR Report 2016, published by ICCO and PRWeek, has today launched at the Global ICCO PR Summit in Oxford.
The report, presented by Francis Ingham, Chief Executive, ICCO, is the annual analysis of the international public relations industry. The report includes a breakdown of the top 100 global agencies, market analysis from regional leaders, and a report on agency growth, opportunity, investment plans, and talent challenges.
The report revealed that agency heads are optimistic – on a scale of 1-10, the global average for optimism is 7. The most optimistic markets are the UK (8.1) and the Middle East (8.0). The least are Latin America (5.9) and Africa (6).
When asked about their expectations of profitability, North America came in highest with a score of 7.2, followed by the UK at 7. Latin America came in lowest at 5.2.
Noted areas of growth include digital communications, corporate reputation, marketing communications, and public affairs. These growth areas vary by region, reflecting differing local priorities and differing levels of market maturity.
Commenting on the Report, Francis Ingham said: “The World PR Report is the definitive analysis of the global PR industry. It is only by understanding where we are and in what direction we are moving that we can continue to drive growth and invest in opportunities. We are thrilled to see that the industry is bright, and getting brighter.”
Danny Rogers, Editor-in-Chief, PRWeek, said: “We are very proud to present the World PR Report 2016; the best, and most contemporary, guide in existence to the PR industry across the globe. It has been produced by PRWeek, the pre-eminent source of news and analysis of the sector, and ICCO, the voice of PR consultancies around the world.
“As well as providing the definitive ranking of the world’s top 100 PR consultancies and further listings of local agencies, the World PR Report 2016 has asked this vast network of PR firms about the recent trends in their business, along with their forecasts for the year ahead. We look forward to the next year, and revisiting these rankings and indicators in a year’s time to gauge progress.”
Full analysis and commentary of each of the markets is available in the World PR Report, which will be published by PRWeek both online and in the magazine.
The International Communications Consultancy Organisation (ICCO) is the voice of public relations consultancies around the world. The ICCO membership comprises national trade associations in 48 countries across the globe in Europe, Africa, Asia, the Americas and Australia. Collectively, these associations represent some 2,500 PR firms.