Table of Contents
- 1 How many translation agencies are there in the world?
- 2 How big is the language services industry?
- 3 What is language service provider?
- 4 How many people use translation services?
- 5 How big is the language learning market?
- 6 What is the future of translation industry?
- 7 What is the most spoken language in the world?
- 8 How many languages does linguistic services of America offer?
- 9 What is the language service industry?
How many translation agencies are there in the world?
It is estimated that there are around 640,000 translators in the world (source: Translators Association of China (TAC), a quarter of whom are freelancers. Generally, barriers to entry are low, and competition is extremely high.
How big is the language services industry?
approximately 46.9 billion U.S. dollars
The global language services industry was worth approximately 46.9 billion U.S. dollars in 2019. Over the next two years it was forecasted to experience a growth of five billion U.S. dollars, reaching 56 billion in 2021.
What is language service provider?
Language Service Providers (LSP) are companies that offer varying degrees of translation, interpretation, localization, language, and social coaching solutions.
Which company has largest number of translators?
Top 100 translation companies worldwide
| Rank | Company | Offices |
|---|---|---|
| 1 | RWS Holdings | 99 |
| 2 | TransPerfect | 100 |
| 3 | Lionbridge | 47 |
| 4 | LanguageLine Solutions | 460 |
What is the biggest translation company?
TransPerfect
The world’s top translation companies according to Slator
| Rank | Company | 2020 Revenue in Millions |
|---|---|---|
| 1 | TransPerfect | $852.3 |
| 2 | Lionbridge | $739 |
| 3 | LanguageLine Solutions | $618 |
| 4 | RWS | $534.8 |
How many people use translation services?
1. More than 500 million people use Google Translate.
How big is the language learning market?
Using a combination of demand side and supply side inputs, the HolonIQ model projects a global language training market of US$115 billion by 2025, up from an estimated US$61 billion as of 2019. “We estimate the language learning market will almost double in size by 2025,” notes the analysis.
What is the future of translation industry?
Regional translation industry growth trends. As the digital realm continuously pushes for more globalized and shared experiences, the global translation industry is predicted to continue its growth in the new year, with early estimates having predicted that it would be worth $56.1 billion by the start of 2021.
What is a language service?
A Language Service Company (LSC) is a professional business that provides one or more language-related services, such as translation, interpreting, language instruction, language testing, cultural consulting, or localization.
What is the Slator 2020 language service provider index?
The Slator 2020 Language Service Provider Index ranks the world’s largest language service providers by revenue and features over 130 LSPs across the Leaders, Challengers, and Boutique categories. Continue reading The Slator 2019 Language Service Provider Index features the largest LSPs in a Leaders Index and the midfield in a Challengers Index.
What is the most spoken language in the world?
As of 2021, English was by far the most spoken language worldwide, followed by Chinese and Hindi. It is therefore not surprising that, as of 2020, nine of the ten global leading language service providers are located in English-speaking countries.
How many languages does linguistic services of America offer?
The New York-based firm was founded in 1992, and it currently operates in 170 different languages, employing more than 5,000 certified linguists. You need a Single Account for unlimited access.
What is the language service industry?
The language service industry includes activities aimed at facilitating communication across linguistic and cultural barriers. Activities falling under this category are broad and include translation, interpretation, localization, transcription, and subtitling.