The European Centre for Next Generation Localisation reports that the language services market is the fourth fastest growing sector in the United States. Common Sense Advisory, a consulting firm specializing in language services, estimates translation services at nearly US$38 billion. GALA, the Globalization and Localization Association, reports that the worldwide language services market has grown at an annual rate of 8% for the past 3 years. In 2010, the U.S. Bureau of Statistics expected the translation industry to grow by 42% by 2020. With reports like this, it is a happy day indeed for translators and interpreters, as they learn that translation has become a large industry, and is growing larger every day.
The translation industry has experienced growth despite worldwide economic instability since 2008. The increase in the demand of professional translation services is high. A report from Research and Markets states that buyers still prefer human translation over machine translation, and this trend is expected to continue during the forecast period of 2015-2019. And, as The Economist reports, far from replacing humans, technology provides tools that help translators keep up with surging demand for high-quality translation.
International Translation Day is celebrated every year on 30 September on the feast of St. Jerome, the Bible translator who is considered the patron saint of translators. Officially since 1991, celebration of the day has been promoted by the International Federation of Translators. Many aspects of the work of translators and interpreters have changed since the day was instituted. But the core principle remains the same: to provide a bridge between people who speak different languages. And to do so requires extraordinary linguistic skills, training, professional standards and a passion for language.
We at International Contact, Inc. celebrate with all others that the profession we dedicate our working life to is now in such high demand!