Uh oh! The monkeys had better cover their eyes and ears now! Yesterday I posted an entry where I referenced information chronicling the state of the GD Industry in the UK. At that time, I wondered where such an analysis of the GD Industry in the U.S. was. Well I’ve found a study that was released late in 2004 by Strategies for Management, Inc. that profiles the U.S. GD Industry. Here are some snippets from the report but you can feel free to download the entire report for $2,875 from the Yahoo.com store.
Some of the report’s findings, based on historical and forecasted data include (all figures in 2004 US dollars):
– Total industry revenues for both graphic-design businesses and freelancers in 2004 is estimated at over $11 billion, which is expected to top $13 billion by 2009
– Individual design establishments are expected to generate average revenues of $491,000 in 2004, and over $550,000 in 2009
– Industry-wide equipment purchasing by design firms and freelancers is expected to grow from $211 million in 2004 to $250 million in 2009
– Graphic design firms currently employ about 60,000 people, a level that is expected to reach nearly 68,000 employees by 2009
– Nearly 75% of design businesses employ 1 to 4 people, and almost 90% have less than 10 employees
– The 50 largest firms comprise less than 1% of the number of establishments, but account for over 16% ($1.3 billion) of the industry’s total billings
– 15% of the industry’s graphic design firms are newly created each year
– Freelancer gross revenues is expected to increase from over $3.4 billion in 2004 to over $3.8 billion in 2009
– The industry currently has over 74,000 graphic-design freelancers, and this is expected to grow to well over 86,000 by the end of the decade
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