Language services industry in the U.S. - Statistics & Facts

Language services industry in the U.S. - Statistics & Facts

Statistics and facts on the language services industry in the U.S.

The global language services industry was worth approximately 40.3 billion U.S. dollars in 2016. Over the next four years it was forecasted to experience a growth of five billion U.S. dollars, reaching 45 billion in 2020. Over half of the language services market was accounted for by Europe. North America was the second largest market at 34.82 percent, with a market size of just under 17.4 billion U.S. dollars expected for 2019.

The U.S. company Lionbridge Technologies is one of the leading language services provider in the world. Lionbridge, which offers services including translation, global content management and online marketing, generated revenue of almost 560 million U.S. dollars in 2015 – an increase of more than 155 million since 2010. The company employed approximately 5,300 service delivery professionals at the end of 2015.

In the United States, there were more than 51 thousand people working in interpreting and translation services in 2016, this figure was forecasted to increase to almost 93 million by 2022. The state of California had the largest number of people working in this area followed by Texas and New York. The most lucrative state to work in this field was the District of Columbia, which paid its interpreters and translators an annual mean wage of 83,280 U.S. dollars, around 14,000 dollars more than the second highest paying state Virginia.

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