The Common European Language Data Space (LDS) is an integral part of the EU data strategy, which aims at developing a single market for data. Its decentralised technical infrastructure and governance scheme are currently being developed by the LDS project, which also has dedicated tasks for proof-of-concept prototypes, handling legal aspects, raising awareness and promoting the LDS through events and social media channels. The LDS is part of a broader vision for establishing all necessary components to develop European large language models.

This paper presents the key results of a study on the global competitiveness of the European Language Technology market for three areas – Machine Translation, speech technology, and cross-lingual search. EU competitiveness is analyzed in comparison to North America and Asia. The study focuses on seven dimensions (research, innovations, investments, market dominance, industry, infrastructure, and Open Data) that have been selected to characterize the language technology market. The study concludes that while Europe still has strong positions in Research and Innovation, it lags behind North America and Asia in scaling innovations and conquering market share.