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.: language services
Brazil's events boom and inbound investment pushed demand for translators and interpreters upward, opening a market young professionals had written off.
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.
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Common Sense Advisory surveyed 651 providers in 75 countries: demand is up over 13% a year, translation rates are down, and memory discounts hit 48%.
More than 150 people applied to interpret the Geordie accent for foreign professionals in Newcastle, exposing a gap standard business English never covers.
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.