Sizing the Translation Industry

According to a new report by Allied Business, the translation industry is showin no signs of slowing down. They predict translation revenues will reach $9.5 billion annually by year-end 2002:

Web Site localization – the business of translating Web Sites into multiple languages — will grow to a $1.7 billion market by year end 2007. Web Site localization will represent 13% of the overall Language Translation industry by that time.

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