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Market size of the global language services industry 2009-2021

Market size of the global language services industry from 2009 to 2021 (in billion U.S. dollars)

by E. Mazareanu, last edited Aug 9, 2019
Market size of the global language services industry 2009-2021 With the world becoming increasingly interconnected, the global language services market has seen rapid growth. Over the last ten years the market has doubled in size, reaching 46.9 billion U.S. dollars in 2019.

Global language services

Generally speaking, the language services market can be divided into three segments – instruction, translation and localization. Translation differs from localization in that the former involves tasks where one language needs to be directly translated into another. This includes traditional activities such as document translation and interpreting services. Localization, on the other hand, refers to a broader process of cultural adaption, generally in more artistic areas such as creating voice over for film and television. Depending on the context, either service may be required for digital platforms and online content.

Regional markets

As is perhaps not surprising given the region’s high level of development and linguistic diversity, Europe accounts for around half of the global language services market. The small size of the Latin American market may appear surprising though; given Spanish is the second-most spoken language globally. This, along with the large size of the North American market, may be in part explained by the high level of demand for Spanish content within the United States.
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Market size of the global language services industry from 2009 to 2021 (in billion U.S. dollars)

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