LT-Innovate Events

The global market for outsourced language services and technology will reach US$33.5 billion in 2012, according to a study by independent market research firm Common Sense Advisory. In its annual industry research report, "Language Services Market 2012," the firm details the findings of its comprehensive study, identifying 26,104 unique suppliers of translation and interpreting services across 154 countries.

According to IDC, the Business Analytics market Is expected to reach $33.9 Billion in 2012, up 8.2% from 2011.

In 1996, 75% of internet content was in English; by 2011 English content was 25%.

According to a study by the UK Centre for Economic and Business Research, the public sector as a whole could save £13 billion a year if it automated up to 60% of incoming calls and implemented speech technology.

A recent opinion by the European Court of Auditors recommends the adoption of a "fit-for-purpose" approach to translation at the European Commmission, instead of indiscriminately translating everything.