There are many different ways to look at the size of the language services industry. Judging purely by headquarters location, Europe is the frontrunner, with 39.9 percent of the 153 medium-to-large-sized language service providers (LSPs) identified in the Nimdzi 100 based there. The United States does not lag far behind, being home to 37.3 percent of these LSPs.
When it comes to revenue, the United States is without a doubt the biggest single-country market. Companies with headquarters in the United States concentrate most of the revenue within the language industry. In 2020, the top 100 largest companies earned a combined revenue of USD 8.8 billion. Companies based in the US made up nearly 43 percent of this figure (USD 3.8 billion), and the top three LSPs, all of which were US-based businesses in 2020, accounted for more than USD 2.2 billion alone (25 percent).
While this is impressive — and there might certainly be something to the old phrase “location, location, location” — looking at where the largest businesses are located only tells us half the story. The more important part to consider is where the clients are — because, really, that’s what tells us where the money is.
As part of our survey for the 2021 edition of Nimdzi 100, we asked participants to indicate the percentage of revenue they derived from each of the different regions of the world. The question received close to 200 validated responses from LSPs from all corners of the world. Using this data as the baseline for our market sizing by geography (and figuring in our overall revenue estimate of USD 55 billion for all language services worldwide), the following map shows the estimated size of the language services market in 2020, split by geographic region in total revenue:
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.
Translation management systems (TMS) are one of the oldest language technologies out there. The first solutions appeared in the 80s with the emergence of brands such as STAR Transit and Trados, and the segment has been booming since 2010. In 2022, there are well over 160 technologies of this type on the market.