At Interpreter IO, we are continuing to see rapid growth. The growth in the market size of interpreter services is a key driver.
When calculating the market size, most of the industry expert organizations look to the size of the overall language services market and the extrapolate to the interpreter services market. The market for language services according to various sources in 2018 was estimated at around US$50 Billion. Interpreting services is estimated to account for approximately 15% of that market. The drivers for this huge market and the associated growth are driven by internationalization.
We find that there are a number of authoratative sources for the market size of interpreting. Nimdzi insights is a great source.
Technology allows clients to be connected to skilled interpreters and enhancing their customer experience.