Language Services Global Market Report 2024

The global language services market has grown strongly in recent years. It will grow from $55.13 billion in 2023 to $59.41 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. Historic growth was primarily driven by globalization's impact on international business expansion. It encompassed translation services for literature, legal compliance, and regulatory requirements, alongside localization efforts within media, entertainment, and the emergence of global social media platforms. The period also saw significant contributions from initiatives promoting diversity and inclusion, coupled with increased participation in international conferences, events, and the burgeoning global travel and tourism industry.

The global language services market is expected to see strong growth in the next few years. It will grow to $81.79 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The anticipated growth in the upcoming period can be linked to several factors. These include the globalization of e-commerce, the imperative for language accessibility in healthcare services, heightened demand for multilingual customer support, and government initiatives promoting multilingual communication. Additionally, there's an increasing need for audiovisual translation, the rise of multilingual virtual assistants, language services geared towards accessibility, and localization efforts within the gaming industry.

The language services market anticipates significant growth due to increased outsourcing of translation and interpreting services. Outsourcing these services involves procuring language expertise from external sources, aiding in professional translation through substantial infrastructure and dedicated staff. For example, the European Language Industry Survey of 2022, conducted by a European association of translation companies, revealed an average outsourced business percentage of around 22% in Europe, a notable increase from 2020's reported figure of 18%. This trend forecasts a robust expansion in the language services market.

Growth in the language services market is expected owing to a rise in international students seeking educational opportunities abroad. These students, relocating to foreign countries for their studies, require language support across various academic spheres. Notably, in the UK alone, data from the International Student Recruitment Board indicated a substantial population of 679,970 international students in the 2021-22 academic year, emphasizing the escalating need for language services to support this demographic.

Technological advancement emerges as a pivotal trend in the language services market, with major industry players leveraging artificial intelligence and machine learning to enhance their offerings. in October 2022, Meta Inc., a US-based multinational technology conglomerate, unveiled an AI-powered speech translation system targeting unwritten languages as part of their Universal Speech Translator (UST) project. This innovation aims to break language barriers, enabling real-time speech-to-speech translation, even in languages primarily spoken but less frequently written.

Strategic partnerships and collaborations with start-ups and mid-sized firms drive expansion and diversification strategies in the language services market. For instance, in March 2022, A notable instance involved the partnership between the US-based soccer club, Philadelphia Union, and Language Services Associates, Inc. (LSA), a leader in interpretation and translation services. This collaboration aimed at enhancing fan engagement by expanding language accessibility in press conferences, media kits, player interviews, community outreach, and other initiatives, reflecting the increasing diversity of their fan base.

In August 2022, Propio Language Services, a US-based technology-enabled interpreting and translation service provider acquired Telelanguage for an undisclosed amount. With this acquisition, Propio Language Services aimed to significantly increase its presence on the West Coast and its capacity to meet the communication needs of its clients. Telelanguage is a US-based language service company providing interpretation and translation services.

Major companies operating in the language services market report are LanguageLine Solutions Inc., Lionbridge Technologies Inc., RWS Holdings PLC, SDI Media Inc., Keywords Studios PLC, TransPerfect Translations LLC, Pactera Technologies NA, Honyaku Center Inc., Cyracom International Inc., Appen Ltd., Acolad Group SAS, Global Linguist Solutions LLC, Hogarth Worldwide Inc., PIXELOGIC MEDIA PARTNERS LLC, PTSGI Inc., Translate plus Ltd., Welocalize Inc., GienTech Technology Co. Ltd., STAR Group, Centific, United Language Group, Propio Language Services, Argos Multilingual, ZOO Digital Group, LOGOS Group, LanguageWire, TAKARA Co. Ltd., SeproTec Multilingual Solutions, Sunyu Transphere, Akorbi, Certified Languages International, Global Talk, KERN Global Language Services

North America was the largest region in the language services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the language services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the language services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Within language services, the primary categories include translation and transcreation, interpreting, localization services, and other related offerings. Translation involves converting text from one language to another, ensuring accuracy in conveying the intended meaning. Transcreation, on the other hand, involves not just translation but preserving the original tone, intent, and style while adapting it into another language. These language services play a vital role across various industries like IT, telecommunications, commercial sectors, government entities, automotive, healthcare, and more by aiding in conveying precise meanings and nuances.

This report provides language services market statistics, including language services industry global market size, regional shares, competitors with a language services market share, detailed language services market segments, market trends and opportunities, and any further data you may need to thrive in the language services industry. This language services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The language services market includes revenues earned by entities by providing services such as translation management systems, production of linguistic assets, global SEO (search engine optimization) management, and more. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.