Market Research

We estimate the market for interpreting services in 2019 at USD 7.6 billion. This includes core services such as onsite interpreting, over-the-phone interpreting (OPI), video remote interpreting (VRI), video relay services (VRS), sign language interpreting, conference interpreting, equipment rental for interpreting, and related services.

In 2017, a research report commissioned by Voices.com put the global market for audio recording at USD 4.4 billion.

The World Federation of the Deaf estimates that there are around 70 million deaf people in the world. When we think of equal access for deaf people, we probably think of more extreme scenarios, such as medical and legal settings. But what about everyday needs and real inclusion? For example in education and tourism.

There are 351 languages other than English (LOTE) spoken in US homes and over 25 million LOTE speakers. In the US, the nationwide certifications that apply to medical interpreters are the National Board of Certification for Medical Interpreters (NBCMI) and the Certification Commission for Healthcare Interpreters (CCHI).

Tourism in the US is worth about USD 220 billion. Retail is worth USD 106 billion of the total travel spending in the US (domestic & international).

This is the first Nimdzi Interpreting Index. There has not been a ranking of the top players in interpreting in years and it is a great time to take a closer look at this sector of the language industry because interpreting is becoming more significant and scalable.

The Nimdzi online consumption index (OCI) ranks countries and languages by percentage of online spending. It tells us how much is being spent online and by whom.

A recent survey of localization buyers on the use of NMT in their organizations carried out by Nimdzi shows that less than a quarter has implemented the tech.

The language industry consists of segments that move at different speeds and have different sizes. Companies that specialize in a fast-growing and sizeable vertical can enjoy a steady increase in business. For buyers of language services, it makes sense to select a provider with the appropriate portfolio size in their vertical. Those companies will speak […]

The language industry consists of segments that move at different speeds and have different sizes. Companies that specialize in a fast-growing and sizeable vertical can enjoy a steady increase in business. For buyers of language services, it makes sense to select a provider with the appropriate portfolio size in their vertical. Those companies will speak […]