The market for language services is projected to top $43 billion in 2017, with translation accounting for the vast majority of all services. Global revenues grew by 7% in 2017, and by 13% since the end of 2015. Much of that growth is driven by language localization...
The global market is highly fragmented. CSA Research’s database alone lists more than 18,500 LSPs, with the largest 100 LSPs garnering only 11% of global revenue. Furthermore, 59% of those 18,500+ LSPs have only two-to-five employees, while 86% have 20 or fewer. The...
