The exception here is the United States. This is because in the US, the healthcare market is the largest sector but unlike in other countries, healthcare is not part of the public sector.
The second largest buyers then are private businesses, such as companies, lawyers, banks, insurances, and in the US also hospitals. We group these under “corporate”.
The third and by far the smallest category are individuals. It is very uncommon for individuals to purchase interpreting services directly, as it is usually the institutions that serve the customers that are the ones that pay. However, there are three countries that have an exception to this rule:
The interpreting market is a diverse and complex sector within the language industry. There are different modes — consecutive, simultaneous, and whispered interpreting — and different modalities, i.e. onsite, over-the-phone (OPI), and video-remote interpreting (VRI). There are different types of interpreting, like medical, legal, community, and conference interpreting and all of them come with their own requirements.
Are your beautifully complex localization workflows keeping you awake at night? Do you feel like they’re controlling you more than you’re controlling them? Look no further! Worry no more! We have a cool, no-frills exercise to help you make them work for you.
It's earnings season and several publicly traded companies from the Nimdzi 100 — our ranking of the 100 largest language service providers (LSPs) in the world — have released their half-year results for 2022. We at Nimdzi collected, normalized, and analyzed the data in an effort to see how 2022 is advancing for the language industry and to check if our growth projections are panning out.
Whether you’ve only recently engaged with an external localization partner or you’ve been working together for years, chances are your teams have never met or haven’t done so in a very long time! As COVID restrictions ease and the world opens up again, in-person meetings and business trips are finally resuming, allowing for real face-to-face time.