Showing posts with label IPSOS. Show all posts
Showing posts with label IPSOS. Show all posts

Thursday, June 27, 2024

IAA-Ipsos: Millennials and Gen Z - Insights from Lebanon's Next Generation

IAA and Ipsos have delved into Lebanon's new generations in an exhaustive, very detailed, methodologically-flawless, and well designed and presented study which sweeps across the needs, wants, and behaviors of the millennials (born between 1981-1996) and Gen Z (1997-2012). The study covers many elements - from their work, education, sources of entertainment, salaries, online behavior (hours spent online, methods of shopping, etc...). 

The final output, is actually very believable. I say so because too many studies and statistics are obviously tainted in make-believe and the IAA-Ipsos seems to get results which truly make sense for their prospective audience which eventually are actually advertising/marketing agencies and anyone working in communication.

69% of the sample whose average age was 25.5 are still single, 38% are secondary educated, followed closely with 35% who have a bachelor's degree (logical, Lebanon still enjoys a university-aspirational education despite the drop in level of said universities), half are paid in USD, also almost half chose their careers based on financial considerations, however 72% are not working in the field they majored in which in extenso means that also half of them would change the careers they work in (interestingly, based on financial considerations as a motive). 73% are not interested in studying abroad (however among the 27% interested only 18% are working on it) with France leading the pack as a potential destination for studying.

51% would want to work abroad (obviously more in the Gen Z than millenials) with UAE being the choice (much more than any other destination) with respondents being swayed with higher salaries and benefits. 

The study extensively covers AI, internet access and use, favorite apps, social media notifications, impact of social media on wellbeing, communication choices and technology's influence on relations, television viewing habits and multi-screen usage habits, radio listening trends and shifting habits, entertainment preferences and frequency, online shopping habits and preferences (with some major findings in there), drivers of online shopping and preferred methods of payment (again, ad agencies might really look closely into these sections) in addition to features/issues, online security and grocery shopping preferences, delivery apps and user experience (again, ad agencies might look into all these, the whole let's-drop-a-bucket-to-the-vendor-downstairs no longer works!) and app choices (for food delivery).

Any communication, marketing, advertising agency should run to buy a copy of the study. And yes, some results are predictable but other are so totally "Lebanese" they would make any international executive/creative worth their salt stop dead in their track if handing any advertising or marketing in Lebanon.

Monday, July 4, 2022

Advertising spend was 4,5 Dollars/person in Lebanon in 2021 (UPDATE)

Artwork by Tarek Chemaly

There. It's official.

Lebanon suffered 69% loss in ad spent between 2020 and 2021 as estimated by IPSOS.

For the full breakdown of the figures in the Arab region and the GCC please do the exclusive article in ArabAd (here). As usual, the yearly reveal of the figures creates a yes-no-maybe storm with some agreeing and other disparaging the numbers.

Still, the small miracle seems that in Lebanon, there was an ad spend of 57 million USD in 2020. This is very surprising considering how everything had already broken down by that point and things were spiraling out of control. There was a prognosis that ad spend would go down 90% in 2020 and that the projected figure was 100 Million USD or 25 USD per person (estimating Lebanon's population is 4 Million - and excluding the Syrian refugees which at one point were 1 or 1,5 million) - see here.

The figure ended up 57 million not 100 making the ad spend in Lebanon in 2020 actually 14,25 USD.

Which brings us to 2021 which witnessed -69% loss in terms of ad spend to reach 18 million - an abysmal figure if there was ever one. Or - wait for it... 4,5 USD per person.

Comparatively, KSA witnessed a growth of 96% to reach 1.520 Million Dollars. 

So here we are, the numbers are out, and they are really bleak.


Update:

This came directly from trusted source Naji Boulos

"Many ad professionals agree that the ad spend in 2021 was maximum 10 millions. Ipsos always inflate the numbers to make Lebanon look good. So in reality we are at around 2.5$ per capita."