|
|
Home > Business/Finance > Diversified Services > Marketing/Advertising/PR
Advertising and Marketing
|
| Published Date:
October 2008
Published By:
First Research, Inc.
Page Count:
10
Order Code:
R3470-1888
|
|
|
|
The advertising and marketing services industry in the US includes about 30,000 companies, with combined annual revenue of $60 billion. The industry includes large companies such as Interpublic, Omnicom, and WPP. The industry is fragmented: the top 50 companies have less than 40 percent of the market. A typical local agency has $5 million of annual revenue and 30 employees.
COMPETITIVE LANDSCAPE
Demand comes largely from corporations that sell consumer products, and telecommunications, entertainment, and financial services. The profitability of individual companies depends on creative skills and good marketing. Large companies are advantaged in being able to serve the varied needs of large customers, but small companies can be competitive through special talent or lower pricing or through special services. The industry is labor-intensive, but the high value of the product produces annual revenue per employee of about $150,000.
PRODUCTS, OPERATIONS & TECHNOLOGY
The industry provides advertising creative services, direct mail advertising, and PR and media sales services. While large agencies provide a full range of services, smaller ones often specialize in market or product niches. The large advertising companies, like Omnicom, own dozens of small "brand name" agencies that provide the particular services that customers use.
The two major activities of advertising agencies are the creative development of TV, audio, print, and billboard ads, and the placement of ads with media outlet companies such as Viacom, Disney, and Fox that have a national audience, or ...
|
Similar Products
• Market Research Services
Published Dec 2008 by First Research, Inc.
• Public Relations
Published Dec 2008 by First Research, Inc.
• Economic Crisis Response: U.S. Internet Advertising 2008-2012 Forecast Update
Published Dec 2008 by IDC
• Internet Advertising in China: New Agency Model Brings New Growth
Published Dec 2008 by In-Stat
• Millward Brown Group
Published Dec 2008 by SGA Lists
• Mullen Advertising, Inc.
Published Dec 2008 by SGA Lists
• Nielsen Company (The)
Published Dec 2008 by SGA Lists
• Ogilvy & Mather Worldwide
Published Dec 2008 by SGA Lists
• Ogilvy Public Relations Worldwide
Published Dec 2008 by SGA Lists
• Omnicom Group Inc.
Published Dec 2008 by SGA Lists
|
|
|
|
0 items
