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The language services market is forecasted to grow byUSD 24.21 billion during 2023-2028, accelerating at a CAGR of 7.1% during the forecast period. The report on the language services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by technology adoption to enhance language translation process efficiency, increased government spending on language services, and increased adoption of content reuse platforms.
The language services market is segmented as below:
By Service
- Translation
- Interpretation
- Others
By End-user
- Healthcare
- ICT
- BFSI
- Government
- Others
By Geography
- Europe
- North America
- APAC
- South America
- Middle East and Africa
The report on the language services market covers the following areas:
- Language services market sizing
- Language services market forecast
- Language services market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Service
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global language services market: Acolad Group, APPEN Ltd., Centific Global Solutions Inc., Cyracom International Inc., Dubbing Brothers SAS, Honyaku Center Inc., IMAGICA GROUP Inc., Iyuno, Keywords Studios Plc, Lionbridge Technologies LLC, President Translation Service Group International, Questel, RWS Holdings PLC, STAR AG, Teleperformance SE, thebigword Group Ltd., TransPerfect Global Inc., United Language Group, Voice and Script International Ltd., and Welocalize Inc..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increased emphasis on transcreation."
According to the report, one of the major drivers for this market is the technology adoption to enhance language translation process efficiency.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Acolad Group
- APPEN Ltd.
- Centific Global Solutions Inc.
- Cyracom International Inc.
- Dubbing Brothers SAS
- Honyaku Center Inc.
- IMAGICA GROUP Inc.
- Iyuno
- Keywords Studios Plc
- Lionbridge Technologies LLC
- President Translation Service Group International
- Questel
- RWS Holdings PLC
- STAR AG
- Teleperformance SE
- thebigword Group Ltd.
- TransPerfect Global Inc.
- United Language Group
- Voice and Script International Ltd.
- Welocalize Inc.
