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.
Posición | Empresa | Ingresos 2024 (USDm) | Segmento LSPI |
---|---|---|---|
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 |