Translation is one of the biggest industries worldwide. Considering there are many languages, it makes sense that there are different possibilities of combinations for language pairings, there are different kinds of services provided, etc.
Translation services are, indeed, an integral part of the global economy, which helped the necessity for formal translation services expand enormously. It is widely known that countries are communicating even more so all kinds of documents need translation. The same happens when brands expand to different territories and need to communicate with customers. Therefore, the translation industry continues positioning as one of the biggest across the globe.
Talking about numbers, according to Statista, the global language services industry market size reached more than 45 billion USD and will rise to almost 56.2 billion by 2021. This shows how big the industry is and how the tendency is still towards expansion.
Want to know more? This is all you need to know about the translation industry in numbers: