A VERY GOOD START TO THE YEAR

Regarding this number, L'Oreal's Nicola Heronimus CEO stated:

"In 2024, a very good start of 9. 4%from the previous year, and it shows the power of our unique model. Loreal is a pure player in the category of beauty, and it. The constant growth has been proved again, from luxury to squares to dermatology, and in all regions, all kinds of regions, all kinds of growth, and all kinds of growth, and are temporary. You can offset the soft factor.

And the first quarter was the perfect proof. In Europe, tw o-digit growth continued, emerging markets continued to be strong, and in North Asia, it was only a gentle recovery, but it was too much to make up for it. The shor t-term tasks of the luxury division have been compensated for the outstanding achievements of the Dermatology and the mass division. As a whole, as a result of adjusting the strong stages of North America, the existing store basis became +8. 1 % powerful growth, not only to maintain our rhythm, but also exceeded the dynamic beauty market again.

This remarkable achievements also reflect the strength of innovation, the power of the brand, and the initiatives of teams around the world.

In an environment where economic and geopolitical tensions continue, we are optimistic about the outlook on the beauty market, we are convinced that we will continue to surpass the beauty market and increase the increase in sales this year. "

FIRST QUARTER 2024 SALES

The sales in the year-to-third year were 11. 24 billion euros (up 8. 3 % year-on-year).

Compared to the same period of the previous year, sales increased +9. 4%.

The pure effect due to the change in the connection range was+2. 4%.

The growth rate after the exchange rate fluctuation was+11. 8%.

The negative impact of foreign exchange fluctuations as of the end of March 2024 wa s-3. 5%. If the exchange rate as of March 31, 2024, or $ 1. 0799, the $ 1. 0799, the effects of exchange rate fluctuations on sales will be abou t-1. 2%in the full period of 2024.

Sales by Division and Region

Quarterly sales

The first quarter of 2023

The first quarter of 2024

Yea r-o n-year

By department

Total group

By region

Total group

Summary by Division

PROFESSIONAL PRODUCTS

The Professional Products category achieved a strong growth of +18. 7 % on a report based on the same period of the previous year.

This includes a step positive effect prior to the introduction of a new IT system in North America, which is less than half the growth rate of the department.

Professional products have achieved remarkable achievements in North America, UK, mainland China, Brazil, and GCCs, and moved forward in all regions.

The department continued to pursue an omn i-channel strategy of growing in salons, accelerating e-commerce, and brand development on select channels.

This is due to the continuation of the success of the L'Oreal Professonel's "Absolute Repair Molecular" and "Metal Detox" in addition to the strong start of Kerrestase's "Premiere" and Redken's "Ashic Color Gloss". 。 In the hair color, Redken's "Shade EQ" and the renewal of the L'Oreal Professional "Deer Color" led to growth.

In order to provide new services to hairstylists, we have expanded the limits, scanning and diagnosing hair and scalp in K-Scan, the latest beauty technology device equipped with AI.

CONSUMER PRODUCTS

The Consumer Products division increased 11. 1 % yea r-o n-year, up 9. 2 % on a report basis.

The quantity growth rate was maintained, and the value growth rate (combination of price and composition ratio) was strong, further promoting democratization and premium strategies of the department.

The strong starts in Europe and the continuous booming of emerging markets, mainly in Mexico, Brazil, and Indonesia, have been contributed by all regions.

All four major brands have achieved tw o-digit growth.

Each category also achieved tw o-digit growth. The makeup was greatly extended to Panorama Mascara in L'Oreal Paris, Superstallemat Mattlum Mattlum in Maybellin New York, and NYX Professional Makeup Duck Plamp Lip Gloss. Hair care was the highest growth rate, with L'Oreal Paris Elviv to grow rapidly due to the early success of Glykor Glos. Skin care has been highlighted by the success of the Loreal Paris "Bright Review", Garnier "Ant i-Acne Innovation", and "Vitamin C Daily UV Full Ad" and accelerates significantly due to the success of the popular medical care brand "Mixa" in Europe. did.

LUXE

L'Oreal Lux increased 1. 8%yea r-o n-year, up 2. 2%on reporting bases.

The powerful growth of Europe and North America was partly offset by the softness of North Asia. In the area, Loreal Lux continued to grow higher than the market, but the market growth of the mainland of China has been sluggish.

L'Oréal Luxe continued to outperform the market, driven by strong performances from couture brands such as Yves Saint Laurent, Valentino and Prada. In Makeup, the division returned to double-digit growth, driven by the continued strength of Yves Saint Laurent (especially the new Labshine lipstick), Prada makeup rollouts and the promising launch of Urban Decay's Facebond. In Skincare, Yves Saint Laurent and Takami, which continues its phased rollout in North Asia, delivered particularly strong performances.

DERMATOLOGICAL BEAUTY

Dermatology Beauty delivered impressive growth, up 21. 9% year-on-year and 19. 6% reported.

The division maintained strong momentum, growing 1. 6 times faster than the dynamic market.

Geographically, Dermatology Beauty was well balanced, with broad momentum across developed and emerging markets as the division pursues global expansion.

At a brand level, La Roche-Posay continues to be the number one growth driver, while CeraVe has seen strong growth both in the US and abroad, driven by a highly successful Super Bowl campaign. Vichy is off to a good start, supported by its Delcos franchise.

Two of the division's key strengths are its ever-expanding medical leadership and unparalleled R& D backbone, driving the regular launch of life-changing innovations. The most recent example is MelaB3, which addresses topical hyperpigmentation: formulated with the groundbreaking, multi-patented Melasyl™ molecule and subject to more than 120 scientific studies.

Summary by Region

EUROPE

Europe sales are off to a strong start, up +12. 6% year-on-year and +12. 2% reported.

L'Oréal continues to perform well in a thriving market.

Growth is broad-based across countries, with notable performances in Germany/Austria/Switzerland, Spain/Portugal and the UK/Ireland.

Its momentum was the strongest category of skin care, fragrance, and premium hair care. By category, consumer products have grown remarkably by the success of L'Oreal Paris Elvive in hair care, the vitality of Garnier in skin care, and the release of various major brands. L'Oreal Lux not only confirmed leadership throughout the market, but also further strengthened its status in both men's and women's fragrances with the success of Eve Saint Laurent, Prada, and Valentino. The Dermatology Beauty Division has contributed by all brands, r e-demonstrating the complementary of our portfolio in the most dynamic part of the beauty market, and has continued to achieve great achievements significantly exceeding the market. In the Professional Products category, the release of kerstase and L'Oreal Professionel has been greatly successful.

NORTH AMERICA

Sales in North America increased 12. 3%yea r-o n-year, up 11. 9%on a report based on the report.

This includes a significant positive effect by stepping on the introduction of the new IT system, which benefits the Professor Products category.

As the market dynamics changed, the powerful momentum in the online business, the success of innovation, and the significant contributions to all gates led, maintaining a solid growth.

The Professional Products category was led by the powerful innovation of the core brand Redken and Kerterase, and exceeded the market in the hair care field.

The Consumer Products category was led by the innovation of L'Oreal Paris and surpassed the market in the hair care field. In the makeup field, the NYX Professional Makeup grew more powerfully with the launch of a duck plumper.

Roreal Lux was a fragrance, led by Valentino's "Bone in Rome" and Eve Saint Laurent's "MySLF". In the makeup, Yves Saint Laurent maintained a doubl e-digit high growth. Online sales continue to be strong.

In the dermatology area, Losh Pose showed a tremendous growth, and Serave and Skin Bettery science continued to be strong.

NORTH ASIA

Sales in North Asia decreased 1. 1 % yea r-o n-year, down 3. 9 % on reports. < SPAN> Its momentum was the most highly evaluated category of skin care, fragrance, and premium hair care. By category, consumer products have grown remarkably by the success of L'Oreal Paris Elvive in hair care, the vitality of Garnier in skin care, and the release of various major brands. L'Oreal Lux not only confirmed leadership throughout the market, but also further strengthened its status in both men's and women's fragrances with the success of Eve Saint Laurent, Prada, and Valentino. The Dermatology Beauty Division has contributed by all brands, r e-demonstrating the complementary of our portfolio in the most dynamic part of the beauty market, and has continued to achieve great achievements significantly exceeding the market. In the Professional Products category, the release of kerstase and L'Oreal Professionel has been greatly successful.

Sales in North America increased 12. 3%yea r-o n-year, up 11. 9%on a report based on the report.

This included a significant positive effect by stepping on the introduction of the new IT system, which benefited from the Profent Shonal Products category.

SAPMENA–SSA 2

As the market dynamics changed, the powerful momentum in the online business, the success of innovation, and the significant contributions to all gates led, maintaining a solid growth.

The Professional Products category was led by the powerful innovation of the core brand Redken and Kerterase, and exceeded the market in the hair care field.

The Consumer Products category was led by the innovation of L'Oreal Paris and surpassed the market in the hair care field. In the makeup field, the NYX Professional Makeup grew more powerfully with the launch of a duck plumper.

Roreal Lux was a fragrance, led by Valentino's "Bone in Rome" and Eve Saint Laurent's "MySLF". In the makeup, Yves Saint Laurent maintained a doubl e-digit high growth. Online sales continue to be strong.

In the dermatology area, Losh Pose showed a tremendous growth, and Serave and Skin Bettery science continued to be strong.

Sales in North Asia decreased 1. 1 % yea r-o n-year, down 3. 9 % on reports. Its momentum was the strongest category of skin care, fragrance, and premium hair care. By category, consumer products have grown remarkably by the success of L'Oreal Paris Elvive in hair care, the vitality of Garnier in skin care, and the release of various major brands. L'Oreal Lux not only confirmed leadership throughout the market, but also further strengthened its status in both men's and women's fragrances with the success of Eve Saint Laurent, Prada, and Valentino. The Dermatology Beauty Division has contributed by all brands, r e-demonstrating the complementary of our portfolio in the most dynamic part of the beauty market, and has continued to achieve great achievements significantly exceeding the market. In the Professional Products category, the release of kerstase and L'Oreal Professionel has been greatly successful.

Sales in North America increased 12. 3%yea r-o n-year, up 11. 9%on a report based on the report.

LATIN AMERICA

This includes a significant positive effect by stepping on the introduction of the new IT system, which benefits the Professor Products category.

As the market dynamics changed, the powerful momentum in the online business, the success of innovation, and the significant contributions to all gates led, maintaining a solid growth.

The Professional Products category was led by the powerful innovation of the core brand Redken and Kerterase, and exceeded the market in the hair care field.

The Consumer Products category was led by the innovation of L'Oreal Paris and surpassed the market in the hair care field. In the makeup field, the NYX Professional Makeup grew more powerfully with the launch of a duck plumper.

Roreal Lux was a fragrance, led by Valentino's "Bone in Rome" and Eve Saint Laurent's "MySLF". In the makeup, Yves Saint Laurent maintained a doubl e-digit high growth. Online sales continue to be strong.

In the dermatology area, Losh Pose showed a tremendous growth, and Serave and Skin Bettery science continued to be strong.

IMPORTANT EVENTS SINCE THE LAST PUBLICATION

• Sales in North Asia decreased 1. 1 % yea r-o n-year, down 3. 9 % on reports.

Although travel retail improved compared to the previous quarter, it continued to growing in the area, given the tendency of the same period of the previous year and sold out. In the mainland of China, where the beauty market has been sluggish, Loreal has been supported by a wide range of products, such as categories, channels, and price range, and has surpassed+6. 2%. Both Japan and the Hong Kong special administrative districts have benefited from the resurrection of the tourism and recorded doubl e-digit growth.

• By category, in North Asia, consumer products have led their growth in the dynamic mass market, with the powerful growth of L'Oreal Paris, led by Age Perfect. Professional products have grown with continuous success of Kerastase. Roreal Lux continued to expand the market in mainland China, with a strong momentum, such as Helenalen Lubinstein, and the momentum of the couture brands such as Eve Saint Laurent, Maison Margiela, Prada, and Valentino.
• SAPMENA-SSA's sales increased 16. 4%year-on-year, and on a reporting basis, it increased 14. 4%.

In SAPMENA, all categories and categories grew strongly, and the amount and quantity contributed together.

• By category, the skin care category driven by the consumer production division and the dermatological beauty department was the most booming, followed by the hair care department (good balance between the public and professional) and the fragrance category.
• By category, the consumer production category, which all categories have achieved tw o-digit growth, and the dermatology and beauty category, which achieved Seravi's successive achievements in the fourth quarter, was the most prominent achievement.

By country, Australi a-New Zealand, GCC 3 cluster and Southeast Asia were the main growth factors.

• Online has been booming in all regions, especially in Southeast Asia.
• SSA showed a noticeable growth. All countries showed two digits. All categories have contributed, especially skin care and makeup. By category, the consumer product category and the dermatological beauty category have greatly contributed.

Latin America's sales were not remarkable to +16. 2 % yea r-o n-year and +18. 7 % on reporting bases.

This is due to the positive contribution of both the amount and the quantity.

The remarkable growth of the consumer product led hair care, followed by skin care and makeup.

The consumer production business and the skin beauty business have been driven, and all business departments have grown. Consumer products have achieved doubl e-digit growth in all major categories, mainly in Loreal Paris, and showed extraordinary momentum.

By country, Mexico and Brazil were in the top two, and Mexico had an unusual growth of more than +25%, making it the sixth growing factor at the group level.

Sales were mainly driven by online pure players, and online exceeded offline.

Following the success of collaboration with the Prada brand, Loreal and Prada S. P. An in February announced a global lon g-term license agreement on the creation, development, and sales of Miu Musu brand luxury beauty products that joined the L'Oreal Lux category. The first fragrance of L'Oreal will be released in 2025.

Research, beauty tech, digital

In March, Loreal announced the launch of MELASYL TM, a revolutionary molecule developed to address local pigmentation issues. Loreal's formulation containing its own ingredients corresponds to all skin tones, working on skin pigmentation, improving its appearance. Melashil is the result of a strict test, including more than 120 scientific research.

In February, the L'Oreal's Chief Digital & Marketing Officer, Asmita Dubay, was elected to the Global Market of the Year of the 2023 World Advertising Federation.

Environment, society, governance performance

L'Oreal was awarded in March as a supplier engagement leader by a global environmental no n-profit organization CDP. This certification honored that more than 450 companies are working on climate change in supply chains. This year, Loreal has been evaluating the commitment from CDP to sustainability from the entire supply chain for six consecutive years.

According to the 2024 Equileap Genderity Report and Ranking, which evaluated 3, 795 listed companies in 27 27 markets around the world, Roreal ranked the top 10 in the world and ranked first in France. 。

Financial information < Span> Consumer Products business and skin beauty business have been driven, and all business departments have grown. Consumer products have achieved doubl e-digit growth in all major categories, mainly in Loreal Paris, and showed extraordinary momentum.

By country, Mexico and Brazil were in the top two, and Mexico had an unusual growth of more than +25%, making it the sixth growing factor at the group level.

Sales were mainly driven by online pure players, and online exceeded offline.

The 2024 Nimdzi 100 Preliminary Ranking

Following the success of collaboration with the Prada brand, Loreal and Prada S. P. An in February announced a global lon g-term license agreement on the creation, development, and sales of Miu Musu brand luxury beauty products that joined the L'Oreal Lux category. The first fragrance of L'Oreal will be released in 2025.

Research, beauty tech, digital

In March, Loreal announced the launch of MELASYL TM, a revolutionary molecule developed to address local pigmentation issues. Loreal's formulation containing its own ingredients corresponds to all skin tones, working on skin pigmentation, improving its appearance. Melashil is the result of a strict test, including more than 120 scientific research.

In February, the L'Oreal's Chief Digital & Marketing Officer, Asmita Dubay, was elected to the Global Market of the Year of the 2023 World Advertising Federation.

Environment, society, governance performance

L'Oreal was awarded in March as a supplier engagement leader by a global environmental no n-profit organization CDP. This certification honored that more than 450 companies are working on climate change in supply chains. This year, Loreal has been evaluating the commitment from CDP to sustainability from the entire supply chain for six consecutive years.

According to the 2024 Equileap Genderity Report and Ranking, which evaluated 3, 795 listed companies in 27 27 markets around the world, Roreal ranked the top 10 in the world and ranked first in France. 。

The financial information consumer product business and the skin beauty business have been driven, and all business departments have grown. Consumer products have achieved doubl e-digit growth in all major categories, mainly in Loreal Paris, and showed extraordinary momentum.

By country, Mexico and Brazil were in the top two, and Mexico had an unusual growth of more than +25%, making it the sixth growing factor at the group level.

Sales were mainly driven by online pure players, and online exceeded offline.

Following the success of collaboration with the Prada brand, Loreal and Prada S. P. An in February announced a global lon g-term license agreement on the creation, development, and sales of Miu Musu brand luxury beauty products that joined the L'Oreal Lux category. The first fragrance of L'Oreal will be released in 2025.
Research, beauty tech, digital	In March, Loreal announced the launch of MELASYL TM, a revolutionary molecule developed to address local pigmentation issues. Loreal's formulation containing its own ingredients corresponds to all skin tones, working on skin pigmentation, improving its appearance. Melashil is the result of a strict test, including more than 120 scientific research.	In February, the L'Oreal's Chief Digital & Marketing Officer, Asmita Dubay, was elected to the Global Market of the Year of the 2023 World Advertising Federation.
Environment, society, governance performance	L'Oreal was awarded in March as a supplier engagement leader by a global environmental no n-profit organization CDP. This certification honored that more than 450 companies are working on climate change in supply chains. This year, Loreal has been evaluating the commitment from CDP to sustainability from the entire supply chain for six consecutive years.	According to the 2024 Equileap Genderity Report and Ranking, which evaluated 3, 795 listed companies in 27 27 markets around the world, Roreal ranked the top 10 in the world and ranked first in France. 。

Financial information

On March 19, the 2023 Universal Registration Documents was submitted to the French Financial Market Agency (Autorité des MARCHES Financier s-AMF) in the ESEF format. This document is open to the public under the current regulation conditions, and is published in French and English on the LoreAl-Finance. com website ("Regulatory Information" / "Universal Registration Document").

The annual meeting of Loreal will be held on Tuesday, April 23, 2024 (Paris time).

"This news release does not make up the sale or purchase of Loreal stocks. If you want to know more comprehensive information about Loreal, please refer to the official documents registered with the French Financial Market Bureau. 。

We estimate that the language services industry reached USD 69.3 billion in 2023 and project it to grow to USD 74.1 billion in 2024 at 7%.

The Nimdzi 100 Ranking

This news release may include a description of the future outlook. We believe that these descriptions are based on rational assumptions as of the announcement date of this press release, but due to their nature, it is accompanied by risk and uncertainty, and the actual numbers and these are these. There is a possibility that there is a gap between or suggested in the description. "

For 115 years, Loreal has been able to do the only thing as a worl d-leading beauty player to meet the beauty of consumers around the world. That is to satisfy the wishes of consumers around the world. Our purpose of "creating a beauty that impresses the world" is the essential, comprehensive, ethical, generous, and commitment of sustainability of society and the environment. It is defined as a thing. With a wide range of portfolios consisting of 37 international brands and commitment to ambitious sustainability in the "Loreal for the Future" program, we have quality, efficacy, safety, and honesty for each person around the world. We provide the best in terms of responsibility, and at the same time celebrate the beauty with infinite diversity.	More than 90, 000 dedicated employees, wel l-balanced geographical business development, and all distribution networks ( e-commerce, mass retailers, department stores, pharmacies, perfume stores, hair salons, brand shops, travel retail) Group sales in 2023 were 41, 180 million euros. L'Oreal has 20 research centers in 11 countries, with more than 4, 000 scientists and research and innovation specialized teams with 6, 400 digital human resources, inventing the future of beauty, and inventing the future of beauty. I am focusing on being. Https://www. loreal. com/en/mediaRoom detailed information	Loreal contact information	Discharge board	+33 (0) 1 47 56 70 00	Private shareholders and market authorities	+33 (0)1 49 64 18 89
3	1	Investor relations	+33 (0)7 88 14 22 65	Journalists	v	+33 (0)6 63 85 29 87
4	2	+33 (0)6 75 54 38 15	+33 (0)7 88 14 22 65	This press release is protected and authenticated by blockchain technology.	v	2023 will go down in history as the year of uncertainty for AI in the language industry. While the impact of AI on the job market has sparked endless debate and speculation, the broader economic picture tells a more nuanced story. Despite a wave of disturbing layoffs in the tech industry, likely due more to strategic adjustments than a direct impact of AI, the U. S. economy, the largest market for language services, has shown remarkable resilience. This strength, backed by low unemployment and sustained consumer spending, contrasts with the economic challenges facing Europe and China and speaks to a complex tapestry of the health of the global economy.
5	3	Throughout the past year, many of our discussions with LSPs of all sizes have indicated that 2023 will be a tougher year than the previous one, putting revenues at risk. The two main factors repeatedly mentioned were declining order volumes from clients and uncertainty about the return on investment of introducing generative AI (GenAI) into enterprise content workflows, resulting in buyers taking a wait-and-see approach.	In digging into the narrative surrounding AI, and specifically its role in the language services industry, it is crucial to separate fact from fiction. Concerns that generative AI would take over jobs and reduce the need for human expertise in language services have not materialized as many expected. This is not to say that AI hasn't introduced efficiencies or reshaped certain aspects of our work. Rather, the integration of AI into the localization process has progressed slowly as a feature rather than a disruptive new way of working. At scale, AI seems to complement, rather than replace, existing workflows, technologies, and human skills.	Moreover, tech layoffs, while worrisome, are not directly linked to the adoption of AI in localization efforts. In fact, there is little evidence to suggest that AI is being widely adopted on a scale that would have a significant impact on employment in the industry. Rather, what we are witnessing is a recalibration of labor strategies aimed at optimizing operational efficiency amid shifts in technological advancements.	FY	While there are anecdotal evidence to suggest otherwise, Nimdzi’s annual analysis of key industries is hardly doom-and-gloom. Traditional super-agencies such as Transperfect, RWS, Lionbridge, and Welocalize are showing similar results to last year, with low gains and losses in the single percentage point range. Similarly, the ripple effects (albeit temporary) of the Hollywood strike are clouding the fortunes of LSPs with deep ties to the entertainment sector, including IYUNO, VSI, Dubbing Bros, Plint, and Zoo Digital.
6	4	Also, some mid-tier LSPs have dropped in ranks or been placed on Nimdzi’s watchlist.	+33 (0)7 88 14 22 65	Although the adjustment period is reflected, this situation does not necessarily mean a shrinking industry. Rather, it shows the permanent adaptability and resilience of the language service sector. Some providers have spoken of an episode that customers have switched to a large language model (LLM) automated solution, but have returned to language and workflow support a few months later. The introduction of a new technology paradigm is complicated, so it is impossible to introduce a company for plug and play. For this reason, the industry can gain time and opportunities for adaptation based on the successful experience of introducing machine translation over the past few years.	e	This resilience is clearly reflected in the numbers. This year's 10 major providers increased 12. 3%in total, exceeding the top 10 last year (from $ 6. 1 billion in 2022 to $ 6. 8 billion in 2023). The sales of the top 20 companies increased 14. 3 % (from $ 8. 1 billion in 2022 to $ 9. 3 billion in 2023, only one new company to the top 20 companies), and sales of the top 100 companies increased 19. 2 % ( It has increased significantly from 17. 1 % last year, from $ 11. 12 billion in 2022 to $ 13. 3 billion in 2023).
7	5	Total income of the ranked LSP	According to Nimdzi's survey, it would be too much to declare the end of the language industry. The growth we see is not only organic. However, growth continues overall. While the composite revenue of the top 10 companies has grown to 12. 3 %, the weight average growth rate of the top 100 companies is 8. 1 %.	Heavy average growth rate	e	Top 100 companies
8	6	Top 20 companies	+33 (0)7 88 14 22 65	8. 1%	v	9. 2%
9	7	12. 3%	+33 (0)7 88 14 22 65	Even the LSP, which is at the bottom of the top 100, has shown remarkable growth, and its sales in 2024 were reported to be $ 17. 8 million, which is $ 14 to 27. 1% of the 100th place LSP in 2023. It is an increase. This growth has been consistent for many years, supporting the soundness and dynamism of the industry.	e	Language industry: Market growth 2009-2023 and forecast 2024-2028 < Span> The situation does not necessarily mean a shrinking industry. Rather, it shows the permanent adaptability and resilience of the language service sector. Some providers have spoken of an episode that customers have switched to a large language model (LLM) automated solution, but have returned to language and workflow support a few months later. The introduction of a new technology paradigm is complicated, so it is impossible to introduce a company for plug and play. For this reason, the industry can gain time and opportunities for adaptation based on the successful experience of introducing machine translation over the past few years.
10	8	This resilience is clearly reflected in the numbers. This year's 10 major providers increased 12. 3%in total, exceeding the top 10 last year (from $ 6. 1 billion in 2022 to $ 6. 8 billion in 2023). The sales of the top 20 companies increased 14. 3 % (from $ 8. 1 billion in 2022 to $ 9. 3 billion in 2023, only one new company to the top 20 companies), and sales of the top 100 companies increased 19. 2 % ( It has increased significantly from 17. 1 % last year, from $ 11. 12 billion in 2022 to $ 13. 3 billion in 2023).	In digging into the narrative surrounding AI, and specifically its role in the language services industry, it is crucial to separate fact from fiction. Concerns that generative AI would take over jobs and reduce the need for human expertise in language services have not materialized as many expected. This is not to say that AI hasn't introduced efficiencies or reshaped certain aspects of our work. Rather, the integration of AI into the localization process has progressed slowly as a feature rather than a disruptive new way of working. At scale, AI seems to complement, rather than replace, existing workflows, technologies, and human skills.	According to Nimdzi's survey, it would be too much to declare the end of the language industry. The growth we see is not only organic. However, growth continues overall. While the composite revenue of the top 10 companies has grown to 12. 3 %, the weight average growth rate of the top 100 companies is 8. 1 %.	v	Heavy average growth rate
11	9	Top 100 companies	Top 20 companies	Top 10 companies	v	8. 1%
12	10	9. 2%	12. 3%	Ranked LSP growth tendency	e	Even the LSP, which is at the bottom of the top 100, has shown remarkable growth, and its sales in 2024 were reported to be $ 17. 8 million, which is $ 14 to 27. 1% of the 100th place LSP in 2023. It is an increase. This growth has been consistent for many years, supporting the soundness and dynamism of the industry.
13	11	Language Industry: Market growth 2009-2023 and predicted 2024-2028 This situation does not necessarily mean a shrinking industry. Rather, it shows the permanent adaptability and resilience of the language service sector. Some providers have spoken of an episode that customers have switched to a large language model (LLM) automated solution, but have returned to language and workflow support a few months later. The introduction of a new technology paradigm is complicated, so it is impossible to introduce a company for plug and play. For this reason, the industry can gain time and opportunities for adaptation based on the successful experience of introducing machine translation over the past few years.	+33 (0)7 88 14 22 65	Total income of the ranked LSP	v	According to Nimdzi's survey, it would be too much to declare the end of the language industry. The growth we see is not only organic. However, growth continues overall. While the composite revenue of the top 10 companies has grown to 12. 3 %, the weight average growth rate of the top 100 companies is 8. 1 %.
14	12	Heavy average growth rate	In digging into the narrative surrounding AI, and specifically its role in the language services industry, it is crucial to separate fact from fiction. Concerns that generative AI would take over jobs and reduce the need for human expertise in language services have not materialized as many expected. This is not to say that AI hasn't introduced efficiencies or reshaped certain aspects of our work. Rather, the integration of AI into the localization process has progressed slowly as a feature rather than a disruptive new way of working. At scale, AI seems to complement, rather than replace, existing workflows, technologies, and human skills.	Top 20 companies	v	Top 10 companies
15	13	8. 1%	9. 2%	12. 3%	v	Ranked LSP growth tendency
16	14	Even the LSP, which is at the bottom of the top 100, has shown remarkable growth, and sales in 2024 were reported to be $ 17. 8 million, which is $ 14 to 27. 1% of the 100th place LSP in 2023. It is an increase. This growth has been consistent for many years, supporting the soundness and dynamism of the industry.	Language Industry: Market growth 2009-2023 and forecast 2024-2028	The previous report predicted the annual average growth rate (CAGR) in the language industry to 7. 0 %, but expected this growth rate will not change. The impact of the change in economic situation, which is characterized by the integration of AI to inflation, geopolitical conflicts, and strategic planning, has already been incorporated into predictions. This forecast reflects our confidence in these considerations in the ability of the industry to make and prosper. If you go at this pace, the industry will reach $ 97. 2 billion by 2028.	FY	You may have come here for the Nimdzi 100 ranking below. This ranking is based on profits and lists the top 100 companies in the world's largest language service provider.
17	15	wdt_id	+33 (0)7 88 14 22 65	Company Name	v	Country name
18	16	2023 sales ($ 1 million)	remarks	Major business	v	Trans Perfect
19	17	US	+33 (0)7 88 14 22 65	Translation, life science, legal affairs	v	Language line solutions
20	18	US	963. 0	Interpretation, translation & amp; localization, healthcare, governmen t-related	v	RWS
21	19	British	+33 (0)7 88 14 22 65	Translation, patent, life science, it	v	Solenson Communications
22	20	US	858. 0	Sign language interpreter	v	Keyword studio
23	21	Ireland	+33 (0)7 88 14 22 65	Video game service	e	Language industry: Market growth 2009-2023 and forecast 2024-2028 < Span> The situation does not necessarily mean a shrinking industry. Rather, it shows the permanent adaptability and resilience of the language service sector. Some providers have spoken of an episode that customers have switched to a large language model (LLM) automated solution, but have returned to language and workflow support a few months later. The introduction of a new technology paradigm is complicated, so it is impossible to introduce a company for plug and play. For this reason, the industry can gain time and opportunities for adaptation based on the successful experience of introducing machine translation over the past few years.
24	22	US	9. 2%	Translation, Life Science, Technology, Regal, Game & Entertainment	v	Iyuno
25	23	US	+33 (0)7 88 14 22 65	Media localization	v	Translation plus
26	24	England	379. 6	Translation, dubbing, manufacturing, marketing	e	President Translation Service Group International (Ptsgi)
27	25	Taiwan	In digging into the narrative surrounding AI, and specifically its role in the language services industry, it is crucial to separate fact from fiction. Concerns that generative AI would take over jobs and reduce the need for human expertise in language services have not materialized as many expected. This is not to say that AI hasn't introduced efficiencies or reshaped certain aspects of our work. Rather, the integration of AI into the localization process has progressed slowly as a feature rather than a disruptive new way of working. At scale, AI seems to complement, rather than replace, existing workflows, technologies, and human skills.	Translation / localization, interpretation, healthcare, video games, finance / law, life science	v	Language industry: Market growth 2009-2023 and forecast 2024-2028 < Span> The situation does not necessarily mean a shrinking industry. Rather, it shows the permanent adaptability and resilience of the language service sector. Some providers have spoken of an episode that customers have switched to a large language model (LLM) automated solution, but have returned to language and workflow support a few months later. The introduction of a new technology paradigm is complicated, so it is impossible to introduce a company for plug and play. For this reason, the industry can gain time and opportunities for adaptation based on the successful experience of introducing machine translation over the past few years.
28	26	Japan	+33 (0)7 88 14 22 65	Translation, video game service	e	Language industry: Market growth 2009-2023 and forecast 2024-2028 < Span> The situation does not necessarily mean a shrinking industry. Rather, it shows the permanent adaptability and resilience of the language service sector. Some providers have spoken of an episode that customers have switched to a large language model (LLM) automated solution, but have returned to language and workflow support a few months later. The introduction of a new technology paradigm is complicated, so it is impossible to introduce a company for plug and play. For this reason, the industry can gain time and opportunities for adaptation based on the successful experience of introducing machine translation over the past few years.
29	27	US	9. 2%	Translation & localization, data & AI, technology, law, life science	e	Hogars World Wide
30	28	British	In digging into the narrative surrounding AI, and specifically its role in the language services industry, it is crucial to separate fact from fiction. Concerns that generative AI would take over jobs and reduce the need for human expertise in language services have not materialized as many expected. This is not to say that AI hasn't introduced efficiencies or reshaped certain aspects of our work. Rather, the integration of AI into the localization process has progressed slowly as a feature rather than a disruptive new way of working. At scale, AI seems to complement, rather than replace, existing workflows, technologies, and human skills.	Communications company, localization	e	Akorad Group
31	29	France	+33 (0)7 88 14 22 65	Translation / localization, manufacturing, life science, government agency	e	Appen
32	30	Australia	+33 (0)7 88 14 22 65	Data company	v	AMN Language Service
33	31	US	+33 (0)7 88 14 22 65	Interpretation, healthcare	e	Gene Tech
34	32	China	+33 (0)7 88 14 22 65	Translation / localization, language test QA, technology, IT / software	e	Centrifick
35	33	US	12. 3%	Localization, data collection, global experience	v	STAR Group
36	34	Switzerland	213. 6	Translation & localization, platform licensing, automobiles & aviation, manufacturing industry	v	Saiirakom International
37	35	US	963. 0	Interpreter, translation, medical care, insurance, government agency	v	Language industry: Market growth 2009-2023 and forecast 2024-2028 < Span> The situation does not necessarily mean a shrinking industry. Rather, it shows the permanent adaptability and resilience of the language service sector. Some providers have spoken of an episode that customers have switched to a large language model (LLM) automated solution, but have returned to language and workflow support a few months later. The introduction of a new technology paradigm is complicated, so it is impossible to introduce a company for plug and play. For this reason, the industry can gain time and opportunities for adaptation based on the successful experience of introducing machine translation over the past few years.
38	36	Canada	158. 0	Translation / localization, interpretation, government agency	v	Pixel Logic Media
39	37	US	remarks	Media localization	v	Dubbed Brothers
40	38	France	+33 (0)7 88 14 22 65	Dubbed & amp; audio, subtitle production, media & amp; Entertainment	v	Propio Language Service
41	39	US	+33 (0)7 88 14 22 65	Healthcare, government	v	Country name
42	40	Italy	+33 (0)7 88 14 22 65	Translation / localization service, manufacturing, it	v	Vsi
43	41	England	108. 2	Media localization	v	Visual data media service
44	42	US	12. 3%	Media localization	v	Dataword
45	43	France	379. 6	Media localization	v	The Big Word
46	44	England	+33 (0)7 88 14 22 65	Interpreter, translation, government	v	Big Language Solutions
47	45	US	379. 6	Translation, interpretation, education, law, health care, life science, finance	v	United Language Group
48	46	US	88. 0	Translation, interpreter, health care, life science	e	CQ fluent
49	47	US	86. 0	Translation, localization, health care, life science	e	Barbit
50	48	US	remarks	Tape, subtitle creation, translation	v	Translation center
51	49	Japan	According to Nimdzi's survey, it would be too much to declare the end of the language industry. The growth we see is not only organic. However, growth continues overall. While the composite revenue of the top 10 companies has grown to 12. 3 %, the weight average growth rate of the top 100 companies is 8. 1 %.	Translation, patent, life science, finance and legal affairs	e	Global talk
52	50	Netherlands	+33 (0)7 88 14 22 65	Interpreter, government, healthcare	v	Swiss TXT
53	51	Switzerland	75. 3	Media localization	v	Language wire
54	52	Denmark	86. 0	Translation, life science, luxury, car	v	GTCOM (Global Tone Communication Technology)
55	53	China	74. 1	Language technology, translation, data, AI	v	Language industry: Market growth 2009-2023 and forecast 2024-2028 < Span> The situation does not necessarily mean a shrinking industry. Rather, it shows the permanent adaptability and resilience of the language service sector. Some providers have spoken of an episode that customers have switched to a large language model (LLM) automated solution, but have returned to language and workflow support a few months later. The introduction of a new technology paradigm is complicated, so it is impossible to introduce a company for plug and play. For this reason, the industry can gain time and opportunities for adaptation based on the successful experience of introducing machine translation over the past few years.
56	54	US	In digging into the narrative surrounding AI, and specifically its role in the language services industry, it is crucial to separate fact from fiction. Concerns that generative AI would take over jobs and reduce the need for human expertise in language services have not materialized as many expected. This is not to say that AI hasn't introduced efficiencies or reshaped certain aspects of our work. Rather, the integration of AI into the localization process has progressed slowly as a feature rather than a disruptive new way of working. At scale, AI seems to complement, rather than replace, existing workflows, technologies, and human skills.	Interpreter, medical, government, education	e	Up Healthmarty
57	55	US	+33 (0)7 88 14 22 65	Interpretation, healthcare	e	Argos multilingal
58	56	US	+33 (0)7 88 14 22 65	Translation / localization, life science, technology, it	v	Seprotech Multingal Solutions
59	57	Spain	Language Industry: Market growth 2009-2023 and forecast 2024-2028	Translation, interpreter, pharmaceutical, life science, intellectual property	FY	Takara and Company
60	58	Japan	12. 3%	Transcription, translation, technology & IT, creative service	v	translation
61	59	Italy	In digging into the narrative surrounding AI, and specifically its role in the language services industry, it is crucial to separate fact from fiction. Concerns that generative AI would take over jobs and reduce the need for human expertise in language services have not materialized as many expected. This is not to say that AI hasn't introduced efficiencies or reshaped certain aspects of our work. Rather, the integration of AI into the localization process has progressed slowly as a feature rather than a disruptive new way of working. At scale, AI seems to complement, rather than replace, existing workflows, technologies, and human skills.	Translation & localization, sightseeing, technology	v	Thirty Faid Language International
62	60	America	Language Industry: Market growth 2009-2023 and forecast 2024-2028	Interpretation, health care, other LSP	e	Country name
63	61	Italy	Language Industry: Market growth 2009-2023 and forecast 2024-2028	Translation & localization, copywriting & transactions, dubbing & audio	FY	Elan Languages
64	62	Belgium	In digging into the narrative surrounding AI, and specifically its role in the language services industry, it is crucial to separate fact from fiction. Concerns that generative AI would take over jobs and reduce the need for human expertise in language services have not materialized as many expected. This is not to say that AI hasn't introduced efficiencies or reshaped certain aspects of our work. Rather, the integration of AI into the localization process has progressed slowly as a feature rather than a disruptive new way of working. At scale, AI seems to complement, rather than replace, existing workflows, technologies, and human skills.	Translation & localization, copywriting & transmission	v	Verztec
65	63	Singapore	59. 0	Interpretation, transcription, DTP, graphic design, education, finance, legal affairs	e	Language industry: Market growth 2009-2023 and forecast 2024-2028 < Span> The situation does not necessarily mean a shrinking industry. Rather, it shows the permanent adaptability and resilience of the language service sector. Some providers have spoken of an episode that customers have switched to a large language model (LLM) automated solution, but have returned to language and workflow support a few months later. The introduction of a new technology paradigm is complicated, so it is impossible to introduce a company for plug and play. For this reason, the industry can gain time and opportunities for adaptation based on the successful experience of introducing machine translation over the past few years.
66	64	China	+33 (0)7 88 14 22 65	Translation / localization, intellectual property, technology, it	v	Vistec
67	65	Ireland	12. 3%	Translation, LQA	v	Acorbi
68	66	US	In digging into the narrative surrounding AI, and specifically its role in the language services industry, it is crucial to separate fact from fiction. Concerns that generative AI would take over jobs and reduce the need for human expertise in language services have not materialized as many expected. This is not to say that AI hasn't introduced efficiencies or reshaped certain aspects of our work. Rather, the integration of AI into the localization process has progressed slowly as a feature rather than a disruptive new way of working. At scale, AI seems to complement, rather than replace, existing workflows, technologies, and human skills.	Translation, LQA	v	Kern Global Language Service
69	67	Germany	59. 0	Translation, interpretation, life sciences, automotive, technology, finance	v	EC Innovations
70	68	Singapore	remarks	Translation, localization, interpretation, life sciences, technology, IT	v	Prime Focus Technologies
71	69	India	88. 0	Media localization	e	DA Languages
72	70	UK	9. 2%	Interpretation, translation, education, finance	v	Motion Point
73	71	USA	858. 0	Website translation	v	PGLS
74	72	USA	12. 3%	Translation and localization, government	e	iMedia
75	73	Australia	43. 0	Translation and localization services, government, education	FY	SunFlare
76	74	Japan	858. 0	Translation, technical writing	v	Toppan Digital Language
77	75	UK	In digging into the narrative surrounding AI, and specifically its role in the language services industry, it is crucial to separate fact from fiction. Concerns that generative AI would take over jobs and reduce the need for human expertise in language services have not materialized as many expected. This is not to say that AI hasn't introduced efficiencies or reshaped certain aspects of our work. Rather, the integration of AI into the localization process has progressed slowly as a feature rather than a disruptive new way of working. At scale, AI seems to complement, rather than replace, existing workflows, technologies, and human skills.	Translation and localization, healthcare, marketing, finance	v	On-call language services
78	76	Australia	59. 0	Interpretation, healthcare	v	Multicultural NSW
79	77	Australia	Language Industry: Market growth 2009-2023 and forecast 2024-2028	Translation, interpretation, government	FY	ZOO Digital Group
80	78	UK	37. 5	Subtitling, Dubbing, Media & Entertainment	v	Print
81	79	Sweden	12. 3%	Media Localization	FY	Unlabel
82	80	USA	59. 0	Media Localization	e	Yamagata
83	81	Japan	12. 3%	Documentation Company, Technical Translation	vv	Spark
84	82	UK	+33 (0)7 88 14 22 65	Localization, Technology, Media	e	Sweden
85	83	Sweden	9. 2%	Interpretation, Translation, Localization, Government, Technology, IT	e	Sichuan Lanqiao Information Technology Co., Ltd.
86	84	China	remarks	Translation & Localization, Manufacturing, Technology & IT, Automotive	v	Yonkers
87	85	Belgium	75. 3	Translation Platform	v	Eva
88	86	France	858. 0	Dubbing, Media & Localization	e	Language industry: Market growth 2009-2023 and forecast 2024-2028 < Span> The situation does not necessarily mean a shrinking industry. Rather, it shows the permanent adaptability and resilience of the language service sector. Some providers have spoken of an episode that customers have switched to a large language model (LLM) automated solution, but have returned to language and workflow support a few months later. The introduction of a new technology paradigm is complicated, so it is impossible to introduce a company for plug and play. For this reason, the industry can gain time and opportunities for adaptation based on the successful experience of introducing machine translation over the past few years.
89	87	Canada	32. 7	Translation & Localization, Finance & Legal, Life Sciences	v	Akagane
90	88	Japan	+33 (0)7 88 14 22 65	Translation & Localization, DTP & Graphic Design, Manufacturing	v	Straker Translations
91	89	New Zealand	31. 5	Technology & IT, Manufacturing, Translation & Localization	v	Versacom
92	90	Canada	75. 3	Translation & Localization, Finance & Legal	v	Alpha CRC
93	91	UK	+33 (0)7 88 14 22 65	Technology & IT, Video Games, Translation & Localization	v	Digital Torque
94	92	Sweden	75. 3	Interpretation, Public Sector	e	TIS National (Translation & Interpretation Services)
95	93	Australia	+33 (0)7 88 14 22 65	Translation, Interpretation, Government & Public Sector	v	Summa Linguae Technologies
96	94	Poland	30. 2	Data & AI, Translation & Localization, Technology & IT	v	Rosetta
97	95	Japan	963. 0	Translation, Platform, Technology	v	TransVoice
98	96	Sweden	+33 (0)7 88 14 22 65	Interpretation, Healthcare, Government	v	CRESTEC - Localization
99	97	Japan	+33 (0)7 88 14 22 65	Translation, Localization, Manufacturing, Automotive, IT & Software	v	CRESTEC - Localization
100	98	USA	59. 0	Translation & Localization, Copywriting & Content Creation, Technology & IT, Media & Entertainment	v	Weglot
101	99	France	Language Industry: Market growth 2009-2023 and forecast 2024-2028	Websitelowocalization	v	Glodom Language Solutions
102	100	China	27. 8	Translation, IT, patent	v	Apostroff group

Germany

27. 1

• Translation, localization, marketing, life science
• Defense
• Canada
• 26. 8

Just shy

Media localization

For 115 years, Loreal has been able to do the only thing as a worl d-leading beauty player to meet the beauty of consumers around the world. That is to satisfy the wishes of consumers around the world. Our purpose of "creating a beauty that impresses the world" is the essential, comprehensive, ethical, generous, and commitment of sustainability of society and the environment. It is defined as a thing. With a wide range of portfolios consisting of 37 international brands and commitment to ambitious sustainability in the "Loreal for the Future" program, we have quality, efficacy, safety, and honesty for each person around the world. We provide the best in terms of responsibility, and at the same time celebrate the beauty with infinite diversity.	Loreal contact information	Discharge board	+33 (0) 1 47 56 70 00	Private shareholders and market authorities	+33 (0)1 49 64 18 89
62	26. 0	Interpretation, translation & amp; localization, healthcare	Scrivanek	v	Czech Republic
63	25. 6	In digging into the narrative surrounding AI, and specifically its role in the language services industry, it is crucial to separate fact from fiction. Concerns that generative AI would take over jobs and reduce the need for human expertise in language services have not materialized as many expected. This is not to say that AI hasn't introduced efficiencies or reshaped certain aspects of our work. Rather, the integration of AI into the localization process has progressed slowly as a feature rather than a disruptive new way of working. At scale, AI seems to complement, rather than replace, existing workflows, technologies, and human skills.	Transline gluppe	v	Germany
64	25. 1	Translation and localization, DTP and graphic design, manufacturing, life science	Reel	e	US
65	25. 0	Translation and localization, copywriting and content production	T'Works	v	Germany
66	24. 4	Translation, localization of website, manufacturing, life science, law	Hanna interpreter service	e	US
67	22. 5	75. 3	blend	v	Israel
68	22. 0	+33 (0)7 88 14 22 65	Super text	v	Switzerland
69	20. 0	+33 (0)7 88 14 22 65	Language link	v	US
70	19. 7	Interpretation, healthcare, finance & law, governmen t-related	Translation's in Motion	v	US
71	19. 5	75. 3	Translation's in Motion	v	Sweden
72	19. 3	Translation & localization, automobiles & aviation, government	Language loop	v	Yamagata
73	18. 5	75. 3	Ring software group	v	Finland

Watchlist

17. 8

Translation & localization, government agencies, and other LSPs

Our ranking is a live document, so it may be changed. These are data as of March 1, 2024. Updated data will be announced in the second half of this year with the full text of Nimdzi 100 Market Report.

Note

For 115 years, Loreal has been able to do the only thing as a worl d-leading beauty player to meet the beauty of consumers around the world. That is to satisfy the wishes of consumers around the world. Our purpose of "creating a beauty that impresses the world" is the essential, comprehensive, ethical, generous, and commitment of sustainability of society and the environment. It is defined as a thing. With a wide range of portfolios consisting of 37 international brands and commitment to ambitious sustainability in the "Loreal for the Future" program, we have quality, efficacy, safety, and honesty for each person around the world. We provide the best in terms of responsibility, and at the same time celebrate the beauty with infinite diversity.	Loreal contact information	Discharge board	+33 (0)1 49 64 18 89
1	These companies did not enter the Nimdzi 100 rankings this year due to the growth of other players and the rankings, but they are still impressive in the translation and localization field. Continuous growth and innovation may make the rankings in the future. For now, they are valued as a leader to form the industry and move forward. This time, we missed the selection, but their efforts continue to enhance the entire field.	+33 (0)7 88 14 22 65	Company Name
2	Country name	+33 (0)7 88 14 22 65	Language industry: Market growth 2009-2023 and forecast 2024-2028 < Span> The situation does not necessarily mean a shrinking industry. Rather, it shows the permanent adaptability and resilience of the language service sector. Some providers have spoken of an episode that customers have switched to a large language model (LLM) automated solution, but have returned to language and workflow support a few months later. The introduction of a new technology paradigm is complicated, so it is impossible to introduce a company for plug and play. For this reason, the industry can gain time and opportunities for adaptation based on the successful experience of introducing machine translation over the past few years.
3	Major Businesses	75. 3	United Arab Emirates
4	16. 4	Language Industry: Market growth 2009-2023 and forecast 2024-2028	This resilience is clearly reflected in the numbers. This year's 10 major providers increased 12. 3%in total, exceeding the top 10 last year (from $ 6. 1 billion in 2022 to $ 6. 8 billion in 2023). The sales of the top 20 companies increased 14. 3 % (from $ 8. 1 billion in 2022 to $ 9. 3 billion in 2023, only one new company to the top 20 companies), and sales of the top 100 companies increased 19. 2 % ( It has increased significantly from 17. 1 % last year, from $ 11. 12 billion in 2022 to $ 13. 3 billion in 2023).
5	United Kingdom	Interpretation, translation & amp; localization, healthcare	Translation, Localization, Copywriting & Content Creation, Consumer Goods, Beauty & Wellness
6	Hero Torque	75. 3	15. 2
7	Interpretation, Public Sector, Government	In digging into the narrative surrounding AI, and specifically its role in the language services industry, it is crucial to separate fact from fiction. Concerns that generative AI would take over jobs and reduce the need for human expertise in language services have not materialized as many expected. This is not to say that AI hasn't introduced efficiencies or reshaped certain aspects of our work. Rather, the integration of AI into the localization process has progressed slowly as a feature rather than a disruptive new way of working. At scale, AI seems to complement, rather than replace, existing workflows, technologies, and human skills.	Cyprus
8	15. 0	75. 3	Willingjet
9	US/China	+33 (0)7 88 14 22 65	Translation & Localization, Healthcare
10	mt-g	In digging into the narrative surrounding AI, and specifically its role in the language services industry, it is crucial to separate fact from fiction. Concerns that generative AI would take over jobs and reduce the need for human expertise in language services have not materialized as many expected. This is not to say that AI hasn't introduced efficiencies or reshaped certain aspects of our work. Rather, the integration of AI into the localization process has progressed slowly as a feature rather than a disruptive new way of working. At scale, AI seems to complement, rather than replace, existing workflows, technologies, and human skills.	14. 8
11	Translation & Localization, DTP & Graphic Design, Life Sciences	9. 2%	US
12	14. 7	9. 2%	Interpreters Unlimited Group
13	USA	+33 (0)7 88 14 22 65	Interpretation, Law, Education, Gaming
14	Hansem Global	In digging into the narrative surrounding AI, and specifically its role in the language services industry, it is crucial to separate fact from fiction. Concerns that generative AI would take over jobs and reduce the need for human expertise in language services have not materialized as many expected. This is not to say that AI hasn't introduced efficiencies or reshaped certain aspects of our work. Rather, the integration of AI into the localization process has progressed slowly as a feature rather than a disruptive new way of working. At scale, AI seems to complement, rather than replace, existing workflows, technologies, and human skills.	14. 1
15	Technical Writing, Translation, Consumer Goods	+33 (0)7 88 14 22 65	Germany
16	14. 1	Translation & Localization, Automotive & Aviation, Technology & IT	Presence Translation & Interact
17	Luxembourg	remarks	Interpretation, Healthcare, Government
18	24 Translate Group	+33 (0)7 88 14 22 65	13. 5

How we create the Nimdzi 100

Translation & Localization, DTP & Graphic Design, Finance & Law

Language Service Providers with No Clear Revenue Forecast

The Watchlist is comprised of companies that could potentially be ranked but are not listed because they have not disclosed, published or otherwise revealed their revenue. In addition, some companies are units within larger corporate groups that derive only a small portion of their revenue from language services and therefore are unable to segment their translation and interpretation revenue in their annual reports. We include such companies on our Watchlist to highlight their impact on the industry. Tracking these companies is important because even if you don't compete for customers, you do compete for talent and resources. It also represents an opportunity for technology providers and investors.

1. Companies are listed in alphabetical order.
2. wdt_ID
3. Company Name
4. Country
5. Main Business
6. CSOFT International