What is the actual size of the global language industry?

Konstantin Dranch just published Eurostat figures suggesting that the European Language Market size is around 6 - 7 billion Euro. Common assumption was 15 - 20 billion. Konstantin's conclusions were challenged by others claiming that media localization or publishing data may not be included. What do you think, what is the actual size of the European market? What about the world? Do we still have a global industry worth 60 billion Euros?  

Eurostat Data on Language Industry

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