It is essential to stay up-to-date in this ever-changing, fast-paced world we live in. As students, we want to gain as much knowledge as possible, to be prepared for the competitive market out there. As professionals, we want to be relevant and flexible, to learn new processes, tools, and concepts, to stand out against our competition. To fulfill these urgent needs, e-learning solutions offer flexible and up to date content and tools.
In most countries, the government is the largest buyer of interpreting services because, as the below graph illustrates, the public sector is the dominant market in most countries.
In every country, the level of centralization of government contracts has a huge impact on the interpreting market. We found that there is a Centralization Goldilocks Zone in which the markets flourish best.
In last week’s Nimdzi Finger Food post we talked about cloud gaming - both a technological shift & a change in how people play games - which is undoubtedly the major future disruptor in the video game sector. So, just how will the emergence of cloud gaming impact the localization industry?
According to a number of reports, global e-commerce spending for 2019 will reach USD 3.6 trillion. This represents an annual growth of around 18 percent. That makes for a lot of zeroes.
Yet another year in a row, revenues in the games industry have increased from USD 137.9 billion in 2018 to USD 152.1 billion in 2019, according to Newzoo. And this is not going to stop.
As of 2019, the total revenue of the Life Sciences industry presents USD 1.8 trillion. And it is poised to grow through 2024.
The United States is the largest interpreting market in the world. Almost half of the interpreting providers on our ranking of top players in the world are from the US and have a combined revenue of USD 932.4 million.
It comes as little surprise that Life Sciences is a sector firmly on the rise. While access to healthcare is democratizing across the globe, the growing needs of patients go hand in hand with technological advancements transforming the way businesses operate.
Localization, by its very nature, is a global business. The globalized language service company offers several distinct advantages outside of production efficiency. The globalized language service company also has the opportunity to offset domestic revenues with foreign revenues helping to diversify portfolios and create stability regardless of market fluctuations.