Despite the increase in the use of machine translation, the human translation industry is still racing along and there is no indication it’s going to slow down.
- According to Common Sense Advisory, a think tank for the translation industry, the industry in 2012 was worth U.S. $33.5 billion and was on the rise.
- IBISWorld stated that an increase in overseas expansion and globalisation will mean a 4.9 percent yearly growth rate in the global translation industry is forecast.
- The 2014 Occupational Outlook Handbook published by The U.S. Bureau of Labor Statistics said that in 2015 the translation market will grow by 46% by 2020. This will mean a rise from around 60,000 job openings to 93,000.