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Follow on Google News | Language Services Industry to Reach $95.3 Billion by 2028, According to Nimdzi 100 ReportBy: Nimdzi Insights LLC. The report, published annually by Nimdzi Insights, a leading market research and consulting firm, forecasts a compound annual growth rate (CAGR) of 7.0% for the language services industry over the next five years, reaching $95.3 billion by 2028. "Despite the challenges posed by macroeconomic factors and the uncertainties surrounding generative AI, the language services industry has shown its ability to adapt and thrive," said Renato Beninatto, Founder of Nimdzi Insights. "The industry's resilience and the optimistic outlook from language service providers (LSPs) justify our projection of continued strong growth in the coming years." The Nimdzi 100 report also highlighted other key findings:
"The language services industry continues to evolve and adapt to new technologies and market conditions," The full 2024 Nimdzi 100 report is available for download at https://www.nimdzi.com/ About Nimdzi Insights Nimdzi Insights is a market research and international consulting company specializing in the language services industry. Founded in 2017, Nimdzi Insights provides data-driven insights and strategic guidance to language service providers, buyers, and investors to help them make informed decisions and achieve their business goals. End
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