How “hot” is the translation market?

Quite hot it seems, according to a video by Nataly Kelly, listing some 2012 facts and figures about our industry – the market may be worth more than US$33 billion and growing but the average price per word may be falling in most language pairs.
Interesting point: “Productivity is stagnating (about 2500 words per day is still the norm, even with CAT tools)” while “Machine translation use is growing (20.64 % of freelance translators have used it).”

Anyway, here’s the video.

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About Anne

French native translator for English and German, Anne Diamantidis is in charge of Marketing at GxP Language Services. She is also a Social Media & Internet Marketing consultant, speaker and trainer for freelancers and small business owners. She has already helped hundreds of translators boost their online presence and visibility and in 2012, she was commissioned to manage the online image and the Web campaign of a candidate running in the French elections. She's also a Translator Without Borders and a TWB newsletter editor ("Translator Hero"). When she's not singing in the office, she loves drinking Argentine maté and listening to music while working.

5 thoughts on “How “hot” is the translation market?

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