Understanding the language translation industry
The language services industry is a crucial part of global business, enabling seamless communication across languages and cultures. It encompasses translation, localisation, interpretation, transcreation, and language technology solutions, supporting industries such as healthcare, legal, finance, e-commerce, and media. The industry has seen rapid growth due to advancements in AI-powered machine translation, automation, and cloud-based linguistic solutions.
According to CSA Research, the global language services market is projected to reach $98 billion by 2028, driven by increasing digitalization and the demand for multilingual content across industries.
Understanding the language translation industry
LanguageWire is a leading provider of AI-powered translation and localization solutions, helping businesses break down language barriers efficiently and securely. Founded in 2000, LanguageWire offers:
AI-powered translation: Cutting-edge machine translation combined with human expertise for precise and reliable multilingual communication.
Localisation and transcreation: Adapting content to cultural nuances and target audiences.
Industry-specific solutions: Tailored services for finance, legal, healthcare, technology, and e-commerce sectors.
Secure and scalable technology: A cloud-based, ISO-certified platform ensuring data protection and seamless integration with existing business workflows.
| Puesto | Empresa | Ingresos 2024 (millones de USD) | Segmento |
|---|---|---|---|
| 1 | TransPerfect | 1230,0 | Super Agency |
| 2 | LanguageLine Solutions | 1100,0 | Leader |
| 3 | RWS | 899,2 | Super Agency |
| 4 | Welocalize | 334,0 | Super Agency |
| 5 | Propio Language Services | 330,9 | Super Agency |
| 6 | Hogarth Worldwide – a WPP company | 318,0 | Leader |
| 7 | AMN Language Services | 297,0 | Leader |
| 8 | Centific | 280,0 | Super Agency |
| 9 | Acolad | 252,6 | Super Agency |
| 10 | STAR Group | 218,3 | Super Agency |
| 11 | CyraCom | 201,9 | Super Agency |
| 12 | Equiti | 170,0 | Leader |
| 13 | dubbing brothers | 119,0 | Leader |
| 14 | Trustpoint.One | 115,0 | Leader |
| 15 | VSI | 113,9 | Leader |
| 16 | Global Talk Group | 93,3 | Leader |
| 17 | GLOBO Language Solutions | 89,5 | Leader |
| 18 | Honyaku Center | 76,9 | Leader |
| 19 | Dals | 73,9 | Leader |
| 20 | ElaN Languages | 73,5 | Leader |
| 21 | LanguageWire | 69,1 | Leader |
| 22 | Certified Languages International | 67,1 | Leader |
| 23 | Argos Multilingual | 64,6 | Leader |
| 24 | Sunyu Transphere | 61,1 | Leader |
| 25 | PGLS | 54,4 | Leader |