I came across some interesting information today about the Language Services Industry (localization, translation). If you think there isn’t any money to be made in localization.. Think again! In a resent study by the Global Watchtower they discovered a few key statistics you see below.
- As of May 2010, Common Sense Advisory’s database of LSPs contains 23,380 unique records.
- Common Sense Advisory calculates that the market for outsourced language services is worth US$26.327 billion in 2010.
- As of 2010, Common Sense Advisory calculates that the language services market is growing at an annual rate of 13.15%.
