Estimates of the translation market span a tenfold range because nobody agrees what to count. What is not disputed is why it exists, or which tiers automation actually took.
Posts with tag.: Translation Industry
US demand for translators and interpreters kept climbing through the recession, with global spending on language services estimated at $26 billion a year.
An EU-commissioned report valued Europe's language industry at $12bn and growing 10% a year. Why the sector stayed invisible and what the investors saw first.
The Commission's Directorate-General for Translation opened a public platform to collect hard data on an industry that had never properly counted itself.
Asian language translation revenue hit $1,312 million in 2008 and was projected to reach $1,516 million, with southern India's factories driving a hiring surge.
The research firm predicts language moves from back-office cost to revenue lever in 2011, with machine translation, crowdsourcing and video localization leading the shift.