What is the market size of the Translation Services industry in the US? This is much faster than the average growth rate for all occupations, and the industry is on track … A career in interpretation and translation is a bright future these days, thanks to the growth of globalized businesses and increased worldwide travel. 1. These are exciting times for the translation industry, promising many perks for those of its participants who know where to look. The Future of the Interpretation & Translation Industry. Machine translation and post-editing Machine translation … Key data documented in the study includes market share, market size, application spectrum, market trends, supply chain, and revenue graph. Interpretation and translation services are needed in virtually all subject areas. Machine Translation (MT) Market 2020 Global Industry Trends, Statistics, Size, Share, Regional Analysis by Key Players |Applications and End … The number of people employed in the industry increased by 32% over the same period. Although most interpreters and translators specialize in a particular field or industry, many have more than one area of specialization. Industry market research reports, statistics, analysis, data, trends and forecasts. Here are 5 language industry statistics that prove interpreters have the best jobs! The ' Translation Software market' study now available with Market Study Report, LLC, is a systematic detailing of the potential factors driving the revenue statistics of this industry. The ' Translation Tools market' study now available with Market Study Report, LLC, is a systematic detailing of the potential factors driving the revenue statistics of this industry The Bureau of Labor Statistics projects a 17% employment growth for interpreters and translators by 2026 due to this need for businesses to go global. Translators also edit materials translated by computers, or machine translation. Over the past ten years, there has been a steady growth of the Translation and Interpreting industry in the U.S., and this growing trend will continue, at least, within the next ten years. So whether you are a freelance translator, a language service provider, or a translation agency, knowing what’s up and coming in 2019 will allow you to stay on top of the g ame this year. 1. Translation Tools Market Size, Share, Statistics, Trends, Types, Applications, Analysis and Forecast, Global Industry Research 2025 By Market Study Report Date: 2020 … This includes Portsmouth University’s recent report: When Translation Meets Technologies: Language service providers in the digital age . The Translation and Interpreting Industry Will Continue to Grow. This process is called post-editing. According to latest available data by private sector statistics provider Statista, revenues for the German translation and interpretation industry are set to hit about EUR 1bn in 2016. There are many factors that influence translation costs: language combination, timeframe, topic, volume, quality assurance, layout formatting, etc. by Yana Schottenstein, founder of Access 2 Interpreters. IBISWorld's statistic shows that as of 2021 the market size of the Translation Services industry is $6.0bn an … Machine Translation Market size valued at USD 550 million in 2019 and is set to grow at 17% CAGR from 2020 to 2026.A steady rise in the number of students undertaking higher education courses abroad will surge the industry demand for machine translation systems for real-time language conversion. In relation to translation, much research has been focused on getting the most out of machine translation, and ensuring that human translators and technology work as effectively as possible together. Most people who have never worked in the translation industry have a hard time understanding why translations that seem similar on the surface have different prices. Industry Trends. Trends and forecasts reports, statistics, analysis, data, trends and forecasts the jobs! 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