Europe's language business worth $12bn and growing
Europe's language business worth $12bn and growing
In our January 2010 diary we report on the European Commission's revelation that language related services amount to one of the biggest earning sectors in the region, but more needs to be done to raise awareness of these skills and resources. Meanwhile, Singapore prepares to test migrants and Malaysia brings forward the return of Bahasa Business generated by Europe's translation providers and other language teaching services is estimated to have been worth $12bn in 2008, according to research published by the EU last month.
The report, commissioned by the EU's translation service, said that the language industry is growing faster than any other sector in Europe, with expansion estimated to continue at 10%. But researchers warn that because the industry is so diverse, spread across activities ranging from in-company translation, software development and subtitling of films and television programmes, its impact is often overlooked.
