How Language Services Market Players have Encountered Temporary Covid-19 Tailwinds; Worth Watching New Growth Cycle

Language Services Market Latest Edition Published with Forecast to 2030


The article cited AMA's "Global Language Services Market Study" explored CAGR of 5.8%. According to the report, Increasing Usage of the Concept of Transcreation Tools to Interact with and Attract the Target Audience is one of the primary growth factors for the market. Surging Technology Adoption to Enhance Language Translation Process Efficiency is also expected to contribute significantly to the Language Services market. Overall, Legal applications of Language Services, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Language Services market identified that the demand is rising in many different parts of the world as "Increasing Tourism Industry in Developing Economies ". Furthermore, some recent industry insights like "In February 2018, Leading language service company Translationz has been invited onto the Federal Government Digital Services Panel which supplies more than 60 Federal Government departments., and In Nov 2019, Translation and language services provider Language Insight has announced that they will be sponsoring the non-profit organization Translators Without Borders for a second consecutive year. Translators Without Borders support humanitarian and development agencies as well as other non-profit charities by giving them access to translation and language services on a global scale." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Language Services market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Language Services market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Language Services market size is calculated using market estimation process, the Language Services market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Language Services market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager