The translation booming industry: a pre-COVID analysis

We’ll refer indistinctively to translation and interpreting as “translation industry” throughout this series. It is of course a bit of a shortcut as the two disciplines are so different in terms of mission scope, brain processes involved and tools used. They are also often mixed up by less savvy customers who need a ‘translator’ to come to their office. So, to put it up straight, interpreters translate what is spoken and translators interpret written materials. The translation market has been growing steadily for the last decades, with no recession. Its value was estimated at USD 53.5 billion in 2019 and is projected to reach USD 70 billion by 2023 according to the Nimdzi Insights LLC’s repo

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