|The market size of the global language services industry 2009-2021|
Generally speaking, the language services market can be divided into three segments – instruction, translation, and localization. Translation differs from localization in that the former involves tasks where one language needs to be directly translated into another. This includes traditional activities such as document translation and interpreting services. Localization, on the other hand, refers to a broader process of cultural adaption, generally in . Depending on the context, either service may be required for .
As is perhaps not surprising given the region’s high level of development and linguistic diversity, . Given its diverse range of languages and high levels of economic development, it is perhaps not surprising that Europe is home to the largest language services market in the world, comprising almost half of the global market. The small size of the Latin American market may appear surprising though; given . This, along with the large size of the North American market, maybe in part explained by the .