A Closer Look at the Language Services Industry

  • August 11, 2014
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Photo via Flickr

The language services industry. It’s a high-stakes, multibillion-dollar industry with tight deadlines, demanding clients and lives at risk, and it’s booming thanks to an increasingly globalized economy. According to the Labor Department, jobs for translators and interpreters are expected to grow 46 percent between 2012 and 2022, making it one of the nation’s fastest growing occupations.

According to Common Sense Advisory (CSA), an independent market research firm based in Boston, the estimated value of the language services industry worldwide will be about $37.2 billion this year, a 6.2 percent increase from 2013. CSA predicts the industry will be worth $47 billion by 2018. Multinational corporations, U.S. demographic changes and the Internet economy are all driving the need for language services.

Interested in learning more about the current (and future) status of the global language services industry? Click here to read the entire article online.

Read more here: http://www.mcclatchydc.com/2014/08/08/235868/internationalism-prompts-boom.html?sp=%2F99%2F200%2F#storylink=cpy
Read more here: http://www.mcclatchydc.com/2014/08/08/235868/internationalism-prompts-boom.html?sp=%2F99%2F200%2F#storylink=c