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:
The media and gaming industries are as promising as ever. All forecasts point to growth. The size of the global media industry in 2019 is estimated at around USD 522.2 billion.
The ongoing coronavirus outbreak has been affecting the way businesses and individuals work. What does it mean for the localization industry?
Sales is a function that happens (or should happen) every single time a customer or potential customer interacts with, hears about, or talks about your company. Ultimately, everybody in the company is responsible for sales.