<br /><br />Global Industry Analysts report predicts worldwide language translation software and services market will reach US$37 billion by 2018<br /><br />
A new market research report identifies the United States as the single largest market for language translation software and services, with growing demand stemming from corporations as well as Government agencies.
Last month we posted a story identifying the language translation and interpretation services industry as one of the few that has seen minimal impact from the global economic downturn. As part of that post we also cite a report showing that the market for outsourced language services is $33.5 billion in 2012.
Now Global Industry Analysts Inc (GIA). has announced the release of a comprehensive report on the global market for language translation software and services projecting it to reach US$37 billion by the year 2018.
According to GIA, this growth is driven by the globalization trend and by the increasing mobility of the workforce, thereby further enhancing the demand for translation and interpretation services. An increasing complexity of products is also contributing to the growth in demand for documentation in domestic as well as regional languages.
The new market research report identifies the United States as the single largest market for language translation and interpretation services. Given the presence of a sizeable number of immigrants in the country, demand for language services emerges from their need to translate documents such as marriage and birth certificates as well as legal documentation and diplomas, as noted in a recent PRWeb article.
The report also indicates that demand is emerging from the local community, where there is a growing need for interpretation services for legal and medical appointments. Demand is also growing from within the medical sector bolstered by increased sales of U.S. made equipment in South America, Canada, and Europe, thereby necessitating related documentation in local languages.
For more details about this comprehensive market research report, please visit --
By Alex Dupont
Marketing Communications Specialist
Language Translation Inc.