LingoCall Official Blog

Language Services Posts

Language Services Industry – Importance

The language services industry has never been more important and relevant than it is now.

The globalization, migration and telecommunications / technology have transformed the market and society in all levels to such and extend that languages barriers must be and are being removed.

Some facts:

  • The size of the overall global language industry in 2016 is estimated at $40 Billion (USD), with estimates of up to $45 Billion by 2020. Source: GALA (Globalization and Localization Association)
  • Common Sense Advisory Research (CSA Research) shows an annual growth rate of 6.46% for the language services market.
  • Inc. Magazine lists the language industry as one of the top industries for starting a business.
  • Localization is the 4th fastest-growing industry in the United States (Language localization is the process of adapting a product that has been previously translated into multiple languages to a specific country or region) .
  • Revenues from digital English language learning products in Asia are projected to nearly double from 2013 (US$863.1 million) to US$1.6 billion by 2018. ICEF Monitor
  • Outsourcing is the preferred method for managing language services for domestic, multicultural, or global use. (Full-service LSPs or freelancers.)
  • The number of foreign students in the US has surpassed the one million mark to reach 1,043,839.
  • The United States Census Bureau Reports at Least 350 Languages Spoken in U.S. Homes.

 


LingoCall, our Start-Up, is a worldwide video remote interpretation service platform at the reach of your fingertips. Basically, it allows an easy-fast access to a human professional interpreter from anywhere in the world.

No contracts, no monthly payments, you just request the service and pay as you go.

 

SIGN UP NOW!

Direct contact
WhatsApp me now!