B2B International
B2B International

September 16, 2011

The new ESOMAR global market research industry report for 2011 shows that the industry has now grown to US $31.2 billion in 2010.  

This represents an overall growth  of 5.2% and 2.8% after adjustment for inflation – a significant improvement on 2009 but in line with expectations of economic recovery.

Some of the key highlights of this report include:

  • After falls in several regions in 2009, the 2010 growth trends extend across all regions of the world, with the single exception of the Middle East
  • Recovery in Latin America is stronger than anticipated; the region reports growth of 20.4% year to year and 13.9% once inflation is taken into account
  • The other main emerging regions: Asia Pacific and Africa, welcome less accelerated improvements but nonetheless, still report growth against their 2009 performance (3.5% and 4.3% respectively – after inflation)
  • Europe experienced the softest increase globally (3.3% in total and 1% once adjusted for inflation).  However, Europe still does account for the largest share of research spend globally with 42% of the market (based on turnover value)
  • North America is still second in terms of research spend (34% = $10,614 million) and growth adjusted for inflation showed net growth of 3.1% in 2010

 For a more detailed look at the figures visit: http://www.esomar.org