About Translation Services
Translation services allow users of those services to have their information (spoken or written), available in a different language than their original form. These services are mostly provided by agencies, and include mostly translating text or speech from one language to another. Furthermore, translation services can be used across a wide range of sectors, content and files types, for both commercial businesses and public sector organizations. The global translation services market is anticipated to witness a considerable growth due to technology adoption to enhance translation service process efficiency and growing geographical outreach of organizations.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Translation Services market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
LanguageLine Solutions (United States), Lionbridge (United States), TransPerfect (United States), SDL (United Kingdom), GlobaLexicon (United Kingdom), Global Language Solutions, Inc. (United States), Ingco International (United States), Foreign Translations ((United States), CLS Communication (Switzerland) and Net-Translators (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Dynamic Language (United States), Cuttingedge Translation Services Pvt. Ltd (India), Babylon Software Ltd (Israel), Mars Translation Services (China) and Straker Translations (United States).
Segmentation Overview
AMA Research has segmented the market of Global Translation Services market by , Application (Commercial, Automotive, IT & Telecommunication, Healthcare, Government and Others) and Region.
On the basis of geography, the market of Translation Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Services, the sub-segment i.e. Written Translation Services will boost the Translation Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operation, the sub-segment i.e. Technical Translation will boost the Translation Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware will boost the Translation Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Augmented Adoption of Mobile Translation
Market Growth Drivers:
Technology Adoption to Enhance Translation Service Process Efficiency and Growing Geographical Outreach of Organizations
Challenges:
Availability of Open Source Language Service Tools
Restraints:
Fluctuations in Real Time Operation
Opportunities:
Fluctuations in Real Time Operation
Market Leaders and their expansionary development strategies
On December 4, 2018, SDL, a leader in global content management, translation and digital experience, today announced a partnership with PFU Technical Communications Limited to develop solutions that help brands overcome the challenges involved in technical documentation creation, management and delivery across the content supply chain in multiple languages.
Key Target Audience
Providers of Translation Services, Software Developers, Manufacturers of Electronic Device, Suppliers of Electric Electronic Device Parts, Governmental Bodies, Security Agencies and Research Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.