Translation Services Market Report 2026

The translation services market size has grown steadily in recent years. It will grow from $27.78 billion in 2025 to $28.86 billion in 2026 at a compound annual growth rate (CAGR) of 3.9%. The growth in the historic period can be attributed to expansion of global trade activities, rising cross-border business communication needs, growth in international tourism and travel, increasing demand for legal and medical translation, wider internet content globalization.

The translation services market size is expected to see strong growth in the next few years. It will grow to $36.35 billion in 2030 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to increasing use of ai-assisted translation workflows, rising demand for localization in digital platforms, expansion of multilingual customer support services, growing adoption of remote interpretation technologies, increasing need for compliance-driven translation services. Major trends in the forecast period include increasing adoption of machine translation tools, rising demand for real-time interpretation services, growing use of translation management systems, expansion of industry-specific language services, enhanced focus on multilingual content localization.

An increase in the demand for non-English languages is anticipated to drive the growth of the translation services market. Non-English languages refer to individuals who, due to their cultural background or place of origin, speak a language other than English and may struggle to communicate effectively in English during interactions. To address client preferences for specific languages, the range of translation services is expanding. For example, in July 2024, Preply, a US-based online language learning marketplace, conducted a survey that found 36% of UK adults are bilingual, which equates to over 24 million people. The study also indicated that 49.5% of London residents are fluent in at least two languages, while cities like Belfast and Brighton boast significant bilingual populations, with a quarter of their inhabitants speaking two languages. Additionally, the survey revealed that Spanish is the most sought-after second language in the US, with more than 75,300 monthly searches for Spanish language courses. Consequently, the growing demand for non-English languages is propelling the expansion of the translation services market.

Major companies in the translation services sector are increasingly adopting innovative solutions such as AI-driven language translation to enable faster and more precise multilingual communication. AI-driven language translation utilizes advanced machine-learning models to automatically interpret and convert text or speech between languages in real time, allowing businesses to communicate more efficiently and naturally across diverse audiences. For example, in June 2025, Sanas AI Inc., a US-based AI speech technology firm, introduced its real-time translation tool, an AI-powered speech-to-speech solution designed for customer support settings. The tool employs proprietary large-language-model architectures to deliver low-latency, direct translation while maintaining speaker identity and emotional nuance, overcoming the limitations of traditional near-real-time translation systems. It supports bidirectional communication in preferred languages, incorporates enterprise-grade noise cancellation and speech enhancement, and enables businesses to offer clearer, more inclusive, and language-independent support experiences. The solution aims to enhance agent performance, increase customer satisfaction, and reduce operational challenges in multilingual interactions.

In January 2023, Unbabel, a US-based artificial intelligence-driven human translation platform, acquired EVS Translations for an undisclosed sum. This acquisition enables Unbabel to offer customers more workflows customized to their specific company needs, greatly lowering costs and translation time. Additionally, the company plans to deliver specialized content services for various industries, including finance, legal, and automotive. EVS Translations is a Germany-based firm that specializes in professional translation and localization services.

Major companies operating in the translation services market include TransPerfect Translations, Lionbridge Technologies Inc, LanguageLine Solutions LLC, Logos Group, Yamagata Corporation, RWS Group, Welocalize Inc., Mission Essential LLC, One Hour Translation Ltd., Babylon Software Ltd., Propio Language Services, Ingco International, CLS Communication, Thebigword Holdings Ltd., Day Translations Inc., Global Language Solution, GTS Translation Services, Language Services Associates, Straker Translations, Translations.com, Acolad Group, Hogarth Worldwide

North America was the largest region in the translation services market in 2025. The regions covered in the translation services market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the translation services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The translation services market consists of revenues earned by entities by providing technical translation services, legal translation services, financial translation services, medical and life sciences translation, literary translation, and business translation services. The market value includes the value of related goods sold by the service provider or included within the service offering. The translation services market also includes sales of translation compilers, interpreters, and assemblers which are used in providing translation services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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