Over the past two years, three major forces have been impacting the language services industry. First, increased investment by private equity firms has been driving consolidation among language service providers.

 

Second, technological process is accelerating. New user interfaces allow translators to interact more intuitively with machine-generated output. At the same time, neural machine translation is rapidly improving, leading to increased MT adoption.

 

Finally, demand for translation, interpretation, and other language services continues to grow fast, as the digitalization of business creates entirely new categories of buyers.