In the below graph, we show the lowest, highest, and median rates reported for eleven languages translated from English (FIGS+CCJK+R+P). The highest rates reported were universally at least twice as high as the lowest rates reported for each language, sometimes approaching three times as much.
This spread is not necessarily surprising, considering the fragmented nature of the language services market. Multiple Language Service Providers (MLSPs) cater to a wide variety of different clients, working in different industry verticals and specializing in different services. It is understandable, therefore, to see the degree of flexibility in price-setting from different service providers.
However, each LSP has to decide for itself how to set pricing, which is based on a number of factors, including but not limited to:
In this webinar co-hosted by Nimdzi and Xillio, we look at technology around localization and connectivity.
Continuous growth and fragmentation have been the key characteristics of the language services market. Let's see what the data says.
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