Top 6 Translation Industry Trends in 2017
The language translation industry continues to grow by leaps and bounds. In 2016, the entire language services industry was estimated at 40 billion USD with the market expected to grow to 45 billion by 2020. The growth rate is expected to continue increasing at an impressive 6.5% to 7.5% per year. But what is causing this rapid growth?
Check out a list of key industry trends we observed in 2017 to get an idea.
Automated translation continues to be a focus for the popular press. After all, wouldn't it be great if we could just speak into a device in one language and another language comes out correctly? The newly released Google Earbuds promise to be up to the task. Unfortunately, we aren't there yet. The technology relies heavily on voice recognition followed by machine translation.
Peter founded Argo Translation, originally based in Milwaukee, WI, in 1995. Prior to transferring his love of all things international and his savvy business expertise into Chicago’s premier translation agency, he attended the University of Wisconsin-Milwaukee, where he graduated with a major in finance and human resource management. After graduation he went on to become an Italian translator and project manager for an international medical equipment manufacturer and major airline.