Seattle, Washington, USA (PRWEB) September 19, 2008
The Globalization and Localization Association, an international non-profit association that encourages local communication as an indispensable component to a global strategy, has released results of its latest survey showing major growth in work volume among its members. Over 85 percent of the respondents have seen work volume increase in the past year, and more than half have had increases of 20 percent or more.
Not surprisingly, employee growth is also very strong. More than 75 percent of GALA members who responded to the survey indicated employee growth; one fourth have had employee growth of more than 20 percent.
The GALA member survey asked GALA's 300 members to provide information on their business growth and technology use. Surveys were completed by 44 percent of GALA members. Other interesting findings include:
- Technology budgets have increased over last year for 39 percent of the respondents (by more than 10 percent for almost a quarter of the group).
- Seventy percent of respondents said they do not currently provide a machine translation (MT) offering for their customers; twenty percent said they plan to provide an MT offering in the near future.
- Over 60 percent of the companies that responded have been in business for more than 10 years and operate in an average of four offices (including headquarters).
"GALA has made a point of getting a pulse on the industry by surveying its extensive membership regularly," said Kim Harris, board chairperson. "These latest figures are significant in that they show overall growth in the industry despite a worldwide downturn in the economy."
In fact, GALA member growth has tracked with growth numbers for the industry. Common Sense Advisory, a market research firm specializing in business globalization, put the industry for outsourced language services at US $12 billion worldwide in 2007. Based on the trend-line over the last five years, Common Sense Advisory's analysts predict that the market will reach US$24 billion by 2012, equating to a compound annual growth rate (CAGR) of 14.6 percent over the next five years.
While survey respondents were not asked to provide reasons for the growth, results from another GALA survey earlier in the year indicated a significant boost in the number of language pairs being handled by language service providers. In that survey, language pairs handled by respondents increased by 43 percent in two years and 42 percent of respondents had worked on a language pair never handled by them before.
GALA is an international non-profit association that promotes translation services, language technology and language management solutions. The member companies worldwide include translation companies, localization service providers, globalization consultants, internationalization specialists and technology developers. GALA companies share a commitment to quality, service, and innovation in helping clients reach global markets. For more information about GALA visit http://www.gala-global.org.