Global Market for Outsourced Interpreting Services Hit US$2.5 Billion in 2007, New Common Sense Advisory Research Report Reveals - CSA Research > Blogs & Events > CSA in the Media > Press Releases
X
19Jun

Global Market for Outsourced Interpreting Services Hit US$2.5 Billion in 2007, New Common Sense Advisory Research Report Reveals

| Return|

Common Sense Advisory calculated that the global market for outsourced interpreting services hit US$2.5 billion in 2007, with telephone interpreting representing a significant percentage of this amount. In 2007, the global telephone interpreting market was worth US$700 million, with an estimated US$500 million generated in the United States. The firm estimates that this number will increase to US$1.2 billion by 2012. The findings are detailed in June 2008 research entitled, “Telephone Interpretation.”

Common Sense Advisory’s research reveals that the market demand for telephone interpretation crosses nearly every major industry vertical. Medical interpreting accounts for one-third of the total U.S. telephone interpreting market. In the United States, many private healthcare providers receive federal funds through programs such as Medicare and Medicaid. All recipients of federal funds are required – per Title VI of the Civil Rights Act – to provide language services based on the concept that to do otherwise would be to discriminate on the basis of national origin, which includes one’s native language (see “When Translation is the Law,” Common Sense Advisory, May07).

The research, published as two companion reports, focused on the needs of buyers and suppliers of interpreting services, analyzes the global demand and supply for telephone interpreting services. “Telephone Interpretation: The Demand Side” details how customers buy telephone interpreting services for a wide range of market segments, including health care, call centers, utilities, and retail. It also offers procurement suggestions for buyers. The second report, “Telephone Interpretation: The Supply Side,” provides market size, growth rates, and service provider rankings. It also recommends growth and customer service strategies for existing and prospective suppliers of telephone interpreting services.

“The mythical translation device that allows people to communicate effortlessly across written and spoken forms of all languages has yet to be invented,” said report analyst, Nataly Kelly. “Until that time, people can turn to telephone interpreting services that can connect them with a human interpreter for nearly 200 languages in under 30 seconds. With the availability of such services, there is no reason why people should struggle with spoken language barriers,” added Kelly.

The research reports also contain Common Sense Advisory’s first-ever ranking of the Top 15 interpreting companies worldwide, including firms such as Language Line Services in the United States and Manpower Business Solutions in the Netherlands. Both reports, “Telephone Interpretation: The Demand Side” and “Telephone Interpretation: The Supply Side,” are available to Common Sense Advisory’s members at www.commonsenseadvisory.com.

Related

How Audience Age Affects Global Purchasing Habits

Survey of Millennials across 10 countries finds that while this generation may have a higher toleran...

Read More >

CSA Research Releases 18th Annual Ranking of the Largest Language Service Providers Worldwide (2022)

Based on 2021 verified revenues, the annual rankings are the result of the language industry’s most...

Read More >

CSA Research Releases 17th Annual Ranking of the Largest Language Services Providers Worldwide (2021)

Based on 2020 verified revenues, the rankings are the result of the language industry’s most compre...

Read More >

CSA Research Introduces Framework to Elevate Terminology Management Practices

Announcing the release of “Maturity Models: Terminology Management,” an essential resource for ent...

Read More >

How Translation and Localization Professionals Beat the Recession

(BOSTON, MA) – Global business depends heavily on the translation and localization services industr...

Read More >

Interactive Online Tool Provides Objective Method for Comparing and Evaluating Translation Technology Vendors

(BOSTON) – Translation management systems (TMS) tools facilitate the rapid development, day-to-day ...

Read More >

Related Blogs

  • The Global Enterprise Content Production Line

    In today's interconnected world, a global enterprise's success hinges on its ability to produce, refine, and deliver content across multiple languages and cultures. Imagine your content creation process as a sophisticated manufacturing production line...

    Read more

    Developers: Open Windows in Your Silo to Collaborate

    Partnering with localization teams to achieve internationalization compliance on time every time means working closely together - especially as your processes and theirs integrate (Gen)AI. Open an ongoing dialog with localization, testing, and design colleagues...

    Read more

    Breakfast Aisle Branding: Lessons in Differentiation

    For language service providers, finding the right way to stand out in a crowded marketplace is a lot like navigating the breakfast cereal aisle at your local grocery store. This aisle is a tapestry of colors, characters, flavors, and promises...

    Read more