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The Global Language Industry Landscape
In a review dated June 2006, commonsenseadvisory.com estimated that the global market for outsourced language services (translation and interpretation) amounted to US $8.8 billion in 2005 with a projected annual of 7.5% reaching close to US $11 billion by the end of 2008. Broken down by region, the U.S. was estimated to represent 42% of the market at a projected 2008 volume of $4.592 billion, followed by Europe (41% or $4.482 billion), Asia (12% or $1.312 billion), and the rest of the world (5% or $547 million) -- all figures in US dollars.
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