1. Translation is a small, niche market. The global market for outsourced language services is worth more than US$33 billion in 2012 . The largest segment of the market is written translation, followed by on-site interpreting and software localization. The vast majority of these translation services are provided by small agencies — there are more than 26,000 of them throughout the world.
First, there was translation. You took a document and translated it into a different language staying as close to the original text as possible.
It was quickly realized that some text needed to be adapted to make sense in the translated language, like measurements, so the word ‘localization’ was used when making such changes.
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