Global Translation Service Market, By Service Type (Written Translation Services, Interpretation Service, Others), Operation Type (Technical Translation, Machine Translation), Component (Hardware, Software), Application (Commercial, Automotive, IT & Telecommunication, Healthcare, Government, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Translation Service Market
Translation service market will reach at an estimated value of USD 973.86 million by 2028 and grow at a CAGR of 17.45% in the forecast period of 2021 to 2028. Increase in the globalization acts as an essential factor driving the translation service market.
Translation is defined as a mode of conveying one form of language in other. The scope of translation services is rising in order to fulfill the needs of the customers based on their preferences of language. This mode of services generally requires an integrated platform of cloud computing and big data analytics so that the data can be accessed from anywhere and the storage capacity is also more efficient.
Increase in calls for non-english languages is a crucial factor accelerating the market growth, also increase in the demand for language conversion services, rise in the presence of market players and rise in the demand from American countries are the major factors among others boosting the translation service market. Moreover, rise in the research and development activities and rise in the demand from the emerging economies will further create new opportunities for translation service market in the forecast period mentioned above.
However, low requirement from under-developed countries all over the globe and the high cost of translation services are the major factors among others restraining the market growth, and will further challenge the translation service market in the forecast period mentioned above.
This translation service market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on translation service market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Translation Service Market Scope and Market Size
Translation service market is segmented on the basis of service type, operation type, component and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of service type, translation service market is segmented into written translation services, interpretation service and others.
- Based on operation type, the translation service market is segmented into technical translation and machine translation.
- Based on component, the translation service market is segmented into hardware and software.
- The translation service market is also segmented on the basis of application into commercial, automotive, it & telecommunication, healthcare, government and others.
Translation Service Market Scope Country Level Analysis
Translation service market is analysed and market size, volume information is provided by country, service type, operation type, component and application as referenced above.
The countries covered in the translation service market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the translation service market due to increase in the demand for language conversion services, rise in the presence of market players and rise in the research and development activities in the market in this region. Asia-Pacific is the expected region in terms of growth in translation service market due to increase in the demand for language conversion services, rise in the presence of market players and rise in the research and development activities in the market in this region.
The country section of the translation service market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Translation Service Market Share Analysis
Translation service market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to translation service market.
The major players covered in translation service market report are LanguageLine Solutions, Lionbridge Technologies, LLC, TRANSPERFECT, SDL, GlobaLexicon, Global Language Solution, - Straker Translations, Mars Translation, Gengo, Inc, Welocalize, OneHourTranslation and TextMaster among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Table of Content
1. INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF GLOBAL TRANSLATION SERVICE MARKET
1.4 CURRENCY AND PRICING
1.5 LIMITATION
1.6 MARKETS COVERED
2. MARKET SEGMENTATION
2.1 KEY TAKEAWAYS
2.2 ARRIVING AT THE GLOBAL TRANSLATION SERVICE MARKET
2.2.1 VENDOR POSITIONING GRID
2.2.2 TECHNOLOGY LIFE LINE CURVE
2.2.3 MARKET GUIDE
2.2.4 COMPANY POSITIONING GRID
2.2.5 MULTIVARIATE MODELLING
2.2.6 STANDARDS OF MEASUREMENT
2.2.7 TOP TO BOTTOM ANALYSIS
2.2.8 VENDOR SHARE ANALYSIS
2.2.9 DATA POINTS FROM KEY PRIMARY INTERVIEWS
2.2.10 DATA POINTS FROM KEY SECONDARY DATABASES
2.3 GLOBAL TRANSLATION SERVICE MARKET: RESEARCH SNAPSHOT
2.4 ASSUMPTIONS
3. MARKET OVERVIEW
3.1 DRIVERS
3.2 RESTRAINTS
3.3 OPPORTUNITIES
3.4 CHALLENGES
4. EXECUTIVE SUMMARY
5. PREMIUM INSIGHTS
5.1 CASE STUDIES
5.2 REGULATORY FRAMEWORK
5.3 TECHNOLOGICAL TRENDS
5.4 PRICING ANALYSIS
5.5 VALUE CHAIN ANALYSIS
6. GLOBAL TRANSLATION SERVICE MARKET, BY SERVICE TYPE
6.1 OVERVIEW
6.2 INTERPRETATION SERVICE
6.3 WRITTEN TRANSALATION SERVICE
6.4 OTHERS
7. GLOBAL TRANSLATION SERVICE MARKET, BY OPERATION TYPE
7.1 OVERVIEW
7.2 TECHNICAL TRANSLATION
7.3 MACHINE TRANSALTION
7.4 OTHERS
8. GLOBAL TRANSLATION SERVICE MARKET, BY ORGANIZATION SIZE
8.1 OVERVIEW
8.2 SMALL SCALE ORGANIZATIONS
8.3 MEDIUM SCALE ORGANIZATIONS
8.4 LARGE SCALE ORGANIZATIONS
9. GLOBAL TRANSLATION SERVICE MARKET, BY END-USE
9.1 OVERVIEW
9.2 AUTOMOTIVE
9.2.1 BY SERVICE TYPE
9.2.1.1. .INTERPRETATION SERVICE
9.2.1.2. .WRITTEN TRANSLATION SERVICE
9.2.1.3. .OTHERS
9.3 HEALTHCARE
9.3.1 BY SERVICE TYPE
9.3.1.1. .INTERPRETATION SERVICE
9.3.1.2. .WRITTEN TRANSLATION SERVICE
9.3.1.3. .OTHERS
9.4 IT & TELECOMMUNICATION
9.4.1 BY SERVICE TYPE
9.4.1.1. .INTERPRETATION SERVICE
9.4.1.2. .WRITTEN TRANSLATION SERVICE
9.4.1.3. .OTHERS
9.5 BFSI
9.5.1 BY SERVICE TYPE
9.5.1.1. .INTERPRETATION SERVICE
9.5.1.2. .WRITTEN TRANSLATION SERVICE
9.5.1.3. .OTHERS
9.6 OTHERS
9.6.1 BY SERVICE TYPE
9.6.1.1. .INTERPRETATION SERVICE
9.6.1.2. .WRITTEN TRANSLATION SERVICE
9.6.1.3. .OTHERS
10. GLOBAL TRANSLATION SERVICE MARKET, BY REGION
10.1 GLOBAL TRANSLATION SERVICE MARKET, (ALL SEGMENTATION PROVIDED ABOVE IS REPRESENTED IN THIS CHAPTER BY COUNTRY)
10.2 NORTH AMERICA
10.2.1 U.S.
10.2.2 CANADA
10.2.3 MEXICO
10.3 EUROPE
10.3.1 GERMANY
10.3.2 FRANCE
10.3.3 U.K.
10.3.4 ITALY
10.3.5 SPAIN
10.3.6 RUSSIA
10.3.7 TURKEY
10.3.8 BELGIUM
10.3.9 NETHERLANDS
10.3.10 SWITZERLAND
10.3.11 REST OF EUROPE
10.4 ASIA PACIFIC
10.4.1 JAPAN
10.4.2 CHINA
10.4.3 SOUTH KOREA
10.4.4 INDIA
10.4.5 AUSTRALIA
10.4.6 SINGAPORE
10.4.7 THAILAND
10.4.8 MALAYSIA
10.4.9 INDONESIA
10.4.10 PHILIPPINES
10.4.11 REST OF ASIA PACIFIC
10.5 SOUTH AMERICA
10.5.1 BRAZIL
10.5.2 ARGENTINA
10.5.3 REST OF SOUTH AMERICA
10.6 MIDDLE EAST AND AFRICA
10.6.1 SOUTH AFRICA
10.6.2 EGYPT
10.6.3 SAUDI ARABIA
10.6.4 U.A.E
10.6.5 ISRAEL
10.6.6 REST OF MIDDLE EAST AND AFRICA
11. GLOBAL TRANSLATION SERVICE MARKET,COMPANY LANDSCAPE
11.1 COMPANY SHARE ANALYSIS: GLOBAL
11.2 COMPANY SHARE ANALYSIS: NORTH AMERICA
11.3 COMPANY SHARE ANALYSIS: EUROPE
11.4 COMPANY SHARE ANALYSIS: ASIA-PACIFIC
11.5 MERGERS & ACQUISITIONS
11.6 NEW PRODUCT DEVELOPMENT AND APPROVALS
11.7 EXPANSIONS
11.8 REGULATORY CHANGES
11.9 PARTNERSHIP AND OTHER STRATEGIC DEVELOPMENTS
12. GLOBAL TRANSLATION SERVICE MARKET, SWOT AND DBMR ANALYSIS
13. GLOBAL TRANSLATION SERVICE MARKET, COMPANY PROFILE
13.1 LANGUAGE LINE SOLUTIONS
13.1.1 COMPANY SNAPSHOT
13.1.2 REVENUE ANALYSIS
13.1.3 GEOGRAPHIC PRESENCE
13.1.4 PRODUCT PORTFOLIO
13.1.5 RECENT DEVELOPMENTS
13.2 TRANSPERFECT
13.2.1 COMPANY SNAPSHOT
13.2.2 REVENUE ANALYSIS
13.2.3 GEOGRAPHIC PRESENCE
13.2.4 PRODUCT PORTFOLIO
13.2.5 RECENT DEVELOPMENTS
13.3 LIONBRIDGE
13.3.1 COMPANY SNAPSHOT
13.3.2 REVENUE ANALYSIS
13.3.3 GEOGRAPHIC PRESENCE
13.3.4 PRODUCT PORTFOLIO
13.3.5 RECENT DEVELOPMENTS
13.4 SDL
13.4.1 COMPANY SNAPSHOT
13.4.2 REVENUE ANALYSIS
13.4.3 GEOGRAPHIC PRESENCE
13.4.4 PRODUCT PORTFOLIO
13.4.5 RECENT DEVELOPMENTS
13.5 GLOBALEXICON
13.5.1 COMPANY SNAPSHOT
13.5.2 REVENUE ANALYSIS
13.5.3 GEOGRAPHIC PRESENCE
13.5.4 PRODUCT PORTFOLIO
13.5.5 RECENT DEVELOPMENTS
13.6 STRAKER TRANSLATIONS
13.6.1 COMPANY SNAPSHOT
13.6.2 REVENUE ANALYSIS
13.6.3 GEOGRAPHIC PRESENCE
13.6.4 PRODUCT PORTFOLIO
13.6.5 RECENT DEVELOPMENTS
13.7 MARS TRANSLATION SERVICES
13.7.1 COMPANY SNAPSHOT
13.7.2 REVENUE ANALYSIS
13.7.3 GEOGRAPHIC PRESENCE
13.7.4 PRODUCT PORTFOLIO
13.7.5 RECENT DEVELOPMENTS
13.8 GENGO
13.8.1 COMPANY SNAPSHOT
13.8.2 REVENUE ANALYSIS
13.8.3 GEOGRAPHIC PRESENCE
13.8.4 PRODUCT PORTFOLIO
13.8.5 RECENT DEVELOPMENTS
13.9 INGCO INTERNATIONAL
13.9.1 COMPANY SNAPSHOT
13.9.2 REVENUE ANALYSIS
13.9.3 GEOGRAPHIC PRESENCE
13.9.4 PRODUCT PORTFOLIO
13.9.5 RECENT DEVELOPMENTS
13.10 GLOBAL LANGUAGE SOLUTIONS, INC
13.10.1 COMPANY SNAPSHOT
13.10.2 REVENUE ANALYSIS
13.10.3 GEOGRAPHIC PRESENCE
13.10.4 PRODUCT PORTFOLIO
13.10.5 RECENT DEVELOPMENTS
13.11 LOGOS GROUP
13.11.1 COMPANY SNAPSHOT
13.11.2 REVENUE ANALYSIS
13.11.3 GEOGRAPHIC PRESENCE
13.11.4 PRODUCT PORTFOLIO
13.11.5 RECENT DEVELOPMENTS
13.12 STARS GROUP
13.12.1 COMPANY SNAPSHOT
13.12.2 REVENUE ANALYSIS
13.12.3 GEOGRAPHIC PRESENCE
13.12.4 PRODUCT PORTFOLIO
13.12.5 RECENT DEVELOPMENTS
13.13 YAMAGATA CORPORATION
13.13.1 COMPANY SNAPSHOT
13.13.2 REVENUE ANALYSIS
13.13.3 GEOGRAPHIC PRESENCE
13.13.4 PRODUCT PORTFOLIO
13.13.5 RECENT DEVELOPMENTS
13.14 SEMANTIX
13.14.1 COMPANY SNAPSHOT
13.14.2 REVENUE ANALYSIS
13.14.3 GEOGRAPHIC PRESENCE
13.14.4 PRODUCT PORTFOLIO
13.14.5 RECENT DEVELOPMENTS
13.15 ONE HOUR TRANSALATION
13.15.1 COMPANY SNAPSHOT
13.15.2 REVENUE ANALYSIS
13.15.3 GEOGRAPHIC PRESENCE
13.15.4 PRODUCT PORTFOLIO
13.15.5 RECENT DEVELOPMENTS
13.16 DAY TRANSLATIONS
13.16.1 COMPANY SNAPSHOT
13.16.2 REVENUE ANALYSIS
13.16.3 GEOGRAPHIC PRESENCE
13.16.4 PRODUCT PORTFOLIO
13.16.5 RECENT DEVELOPMENTS
13.17 TEXT MASTER
13.17.1 COMPANY SNAPSHOT
13.17.2 REVENUE ANALYSIS
13.17.3 GEOGRAPHIC PRESENCE
13.17.4 PRODUCT PORTFOLIO
13.17.5 RECENT DEVELOPMENTS
13.18 WELOCALIZE
13.18.1 COMPANY SNAPSHOT
13.18.2 REVENUE ANALYSIS
13.18.3 GEOGRAPHIC PRESENCE
13.18.4 PRODUCT PORTFOLIO
13.18.5 RECENT DEVELOPMENTS
13.19 ALCHEMY TRANSLATION
13.19.1 COMPANY SNAPSHOT
13.19.2 REVENUE ANALYSIS
13.19.3 GEOGRAPHIC PRESENCE
13.19.4 PRODUCT PORTFOLIO
13.19.5 RECENT DEVELOPMENTS
13.20 RWS
13.20.1 COMPANY SNAPSHOT
13.20.2 REVENUE ANALYSIS
13.20.3 GEOGRAPHIC PRESENCE
13.20.4 PRODUCT PORTFOLIO
13.20.5 RECENT DEVELOPMENTS
NOTE: THE COMPANIES PROFILED IS NOT EXHAUSTIVE LIST AND IS AS PER OUR PREVIOUS CLIENT REQUIREMENT. WE PROFILE MORE THAN 100 COMPANIES IN OUR STUDIES AND HENCE THE LIST OF COMPANIES CAN BE MODIFIED OR REPLACED ON REQUEST.
14. CONCLUSION
15. QUESTIONNAIRE
16. RELATED REPORTS
17. ABOUT DATA BRIDGE MARKET RESEARCH
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
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