TOP Ad Agencies in Armenia – Ad World Masters Agency of the Year 2022 Winners!
As the year 2023 begins, Ad World Masters is proud to announce its Agencies of the Year. Our rigorous selection process, which assesses the potential value of each agency, has resulted in the recognition of some of the most outstanding and accomplished agencies in the industry.
The selection process is based on the Agency Score, which is calculated using our proprietary Artificial Intelligence Algorithms. Agencies had until December 31st, 2021 to improve their score and compete for the coveted title of Agency of the Year.
The title of Agency of the Year is granted based on the Agency Score and is divided into three levels of recognition: Gold, Silver and Bronze. Gold is awarded to agencies with scores of 9.2 or higher, Silver is awarded to agencies with scores of 8.7 or higher, and Bronze is awarded to agencies with scores of 8.5 or higher. Each awarded agency will receive a digital badge of “Agency of the Year” for the level they are in.
The results of the competition are categorized by country, depending on the agency’s main location. In Armenia, the Ad World Masters Agencies of the Year competition features 1 Gold, and 2 Silver winners. These agencies represent the very best in the industry and are a testament to the creativity, innovation, and excellence that define the advertising field.
We would like to extend our heartfelt congratulations to all of the winners and thank all of the participating agencies for their dedication and hard work. We look forward to seeing the impact of their work in the coming year and beyond.
Curious to discover the results of other markets? Explore the results per country and learn more about the competition. If you don’t see your agency listed, sign up, list or claim your agency and you could be nominated for next year!
Insights into the advertising industry in Armenia
The advertising market in Armenia is a small but growing market, valued at around $50 million in 2020. The digital advertising market is a significant segment of the Armenian advertising market, valued at $15 million in 2020, and projected to grow at a CAGR of 8% from 2021 to 2025.
According to IAB Armenia, digital advertising accounted for around 30% of total ad spend in Armenia in 2020, with e-commerce and telecommunications sectors being the most active in terms of digital ad spending. Social media and search are the most popular forms of digital advertising in Armenia, with Facebook and Google being the main players in the social media and search advertising markets, respectively. Mobile advertising also saw significant growth, accounting for around 60% of digital ad spend in 2020.
The e-commerce market in Armenia is still at an early stage, valued at around $50 million in 2020 and projected to reach $100 million by 2025. The market has been driven by the increasing popularity of online shopping and the growth of mobile commerce. JUMBO, ILIRIA, and KLAN are the leading players in the Armenian e-commerce market.
The leading advertising agencies in Armenia include WPP, Omnicom Group, and Publicis Groupe. These agencies specialize in various forms of advertising, such as digital, television, and print. The media landscape in Armenia is diverse, with television, newspapers, and radio being major players. The major television networks include Armenia TV, Shant TV, and H1. The newspaper market is also significant, with Haykakan Zhamanak and 168 Zham being among the most widely read.
According to a report by the Armenian Advertising Association, the top advertising categories in Armenia are FMCG, Telecommunications and Automotive. The Armenian market is known for its small size and low-income population, which limits the growth of the advertising market in the country. However, the market is expected to grow as the economy and incomes improve.
Overall, the advertising market in Armenia is a small but growing market, offering a limited range of opportunities for companies looking to expand their reach in the region. With a growing focus on digital and e-commerce advertising and a small but growing economy, the Armenian market is an attractive market for companies in the advertising industry. Additionally, the market is known for its unique and creative advertising campaigns.