Author: Drew Davis
Content Marketer, LanguageWire
Author: Drew Davis
The language services and technology industry includes over 18,000 players worldwide, ranging from small translation agencies to global content behemoths. This diverse group of language service providers (LSPs) and translation technology vendors adds up to an industry with an estimated value of over USD 56 billion.
This brief post offers one method of analysing the complex language industry by listing the world’s largest language service providers (LSPs) by revenue.
Before we rank the top companies in the language industry by revenue, we need to note that this kind of analysis isn’t a precise science. The language industry is constantly changing, and you should view any ranking as a brief snapshot.
The European Union’s Language Industry Platform (LIND) defines the language industry as covering “professionals working in translation, interpreting, subtitling and dubbing, localisation, language technology tools development, international conference organisation, language teaching, and linguistic consultancy.”
But this definition still leaves a lot of room for interpretation. As language services and technologies evolve, the boundaries between industries become blurred. For example, tools like Google Translate and Grammarly are perhaps the most frequented translation and proofreading applications—respectively—in the world. However, neither company is an active player in the industry.
One group that works to provide us with insights is Slator, a leading purveyor of news, analysis, and research for the language industry. Similar to the Fortune 500 approach, Slator ranks the world’s largest language service providers by revenue.
|Rank||Company||2020 Revenue in Millions|
|11||Iyuno Media Group||$185|
|21||United Language Group||$82.6|
|25||SeproTec Multilingual Solutions||$61.4|
|26||KERN Global Language Services||$59.6|
|29||Certified Languages International||$49.6|
|31||HIVENTY MEDIADUB INTERNATIONAL||$47.7|
|33||Big Languages Solutions||$41|
|39||Visual Data Media Services||Pending|
|43||EC Innovations, Inc.||$31|
|45||ONCALL Language Services||$28.7|
|49||Sichuan Lan-bridge Communications Co., Ltd.||$24.8|
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