Report Highlights
At Verified Market Intelligence, we provide a market study that encompasses both qualitative and quantitative assessments of latest trends for the market segmentations classified by our analysts. According to Verified Market Intelligence, the Global Translation Services Market was valued at USD 37.26 billion in 2017 and is projected to reach USD 43.91 billion by 2025, growing at a CAGR of 2.1% from 2018 to 2025.
Translation is a mode of conveying one form of language in other. With growing customer outreach the need for translation services has been accelerated to satisfy the needs of the customers based on their preferences of language. It has been observed that various companies has been opting for the translation services in order to provide comfort to their national as well as international clients. This mode of services require an integrated platform of big data analytics and cloud computing so that the data can be accessible from anywhere and the storage capacity is also increased and is more efficient.
The adoption of translation services by various industries as well as government agencies and increase in digitization and has boosted the market. These characteristics are the main drivers for the global translation services market as it makes the digital world simpler for the customers. Increased complexity in the type of platform used to develop such services and high cost for the development has affected the industries at a global level.
The “Global Translation Services Market t” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Mission Essentials, LanguageLine, Lionbridge, Alchemy, RR Donnelley, Lingotek, PROZ/KUDOZ, Moravia, TransPerfect, STAR Group, Welocalize, CLS Communication, Thebigword Group, Logos Group, Yamagata and Semantix. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
As a part of market estimation, the study also comprises a list of tables and figures for the “Global Translation Services Market” which focuses on a constructive knowledge essential for the companies or individuals interested in the market study report. As a part of market segmentation, our study exhibits a market analysis on the basis of type, industry application and geography.
On the basis of type, the Global Translation Services Market can be categorized into two sections; application and type. This market study analyses the industry for Global Translation Services is based on these divisions. The Global Translation Services types are divided into classification of translation services by type and global translation services market size comparison type. The industry is then sectioned by application which includes legal, financial and banking, medical, tourism and travel and others. In terms of geography, Asia Pacific accounts for the fastest growing market due to the presence of numerous developing countries in this region along with their emerging markets. The Chinese market has a major share in this region.
Verified Market Research has been providing Research Reports, with up to date information, and in-depth analysis, for several years now, to individuals and companies alike that are looking for accurate Research Data. It has large database which includes the latest content from renowned authors and publications worldwide. It also provides customized Data and Reports according to the need of the client.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More