Translation and Localization Industry Grows 11.8% in 2021 to USD 26.6bn

SlatorPod - Language Industry Market Report

Slator’s very own Anna Wyndham joins the pod to share key insights from our flagship Slator 2022 Language Industry Market Report.

Totalling 100 pages, the report covers language industry growth, the LSP competitive landscape, core language industry technologies, and market outlook. Anna starts off by breaking down market size by vertical, geographic region, and buyer intention. She also touches on spotlight topics, such as remote interpreting, media localization, and expert-in-the-loop.

Anna reviews frontier language technologies, with speech-to-speech translation, synthetically dubbed media, and synthetically generated content marketing having the potential to disrupt and expand the market. Florian gives his outlook on the market and projected growth to 2026 based on conservative, base, and optimistic growth scenarios.

Next up, Florian and Esther discuss the language industry news of the week, which saw Lilt raise USD 55m in series C funding led by Four Rivers. The tech-enabled LSP plans to update its MT system to support high-volume use cases and expand features for fully automatic workflows.

Also in the US, on-demand healthcare interpreting platform, Jeenie, announced a USD 9.3m series A funding round led by Transformation Capital. Jeenie’s MRR is currently growing at 25% monthly, and the round valued the company at approximately USD 34m.