Survey on the size and growth of the global language services and technology market
The market for outsourced language services and supporting technology grew 5.52 percent to US$ 40.27 billion from 2015 to 2016, according to independent market research firm Common Sense Advisory (CSA Research).
The firm predicts it will grow an average of 2.82 percent over the next four years, with a cumulative growth rate of 11.77 percent over that period. Regions will grow at different rates, affected by local conditions. These findings are a result of the firmís annual study, a comprehensive global survey of private and publicly-traded language service and technology companies.
The firm has also launched its 13th Annual Global Market Survey. In this independent, large-scale industry market survey, the firm will study and analyze the growth of the industry, providers, and services based on business results for 2016.
The findings, which are published mid-year and part of CSA Researchís primary and original research offering, include rankings of the largest private and public language services and technology providers globally and regionally, market size estimates, the fastest-growing services in the industry, and a breakdown revealing market size estimates for on-site interpreting, translation technology, machine translation post-editing, video interpreting, mobile and game localization, and other in-demand services.