Translation and Localization Industry Facts and Data
Language is Big Business
The language industry is big business. According to the report on "The Language Services Market: 2018" by Common Sense Advisory (CSA), the global market for outsourced language services and technology will reach US $46.52 billion in 2018. As organizations both large and small make their products and services available in more languages, CSA predicts that the language services industry will continue to grow and that the market will increase to US$56.18 billion by 2021.
Top 20 Language Service Providers: 2018
|4||RWS Holdings plc||UK||Public|
|5||translate plus, a Prodigious company||UK||Division/Subsidiary|
|7||Hogarth Worldwide Limited||UK||Division/Subsidiary|
|12||CyraCom International, Inc.||US||Private|
|15||thebigword Group Ltd.||UK||Private|
|16||Honyaku Center Inc.||JP||Public|
|17||Donnelley Language Solutions||US||Division/Subsidiary|
|18||Pactera Technology International Ltd.||CN||Division/Subsidiary|
|19||United Language Group||US||Private|
While research indicates that the vast majority of language agencies are small firms engaged mainly in translation or interpreting, many of the larger language companies are considered “full-service” providers. Services can include translation – including machine translation – transcreation, localization and localization engineering, dubbing, voice-over, and narration for audio and video content, desktop publishing, consulting, and more. These services are supported by advanced language technology and software, and a thriving R&D sector helps fuel progress and innovation in the industry. By any measure, the language industry is healthy and growing.