Market Snapshot:
Translation Services Provider is an entity that offers various services related to languages. Translation Services Providers can be an agency, a company, or an individual that has a variety of language services. It provides translation, interpreting, localization, transcreation, transcription, subtitling, and more. Geographically, Europe is leading for higher adoption of the translation service providers. The demand of the market is huge that is driving the market growth over the forecast period
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Market Drivers
- Increasing demand in large companies that offer global language services
Market Trend
- Audio-visual translation services and video translation services have a huge demand for collective, voracious appetite for video content
Restraints
- A large number of freelance professionals eating into the market share
- Huge investment is required
Opportunities
Huge demand in various industry
Translation Services Provider Market Segmentation:
Scope | Sub-Segments |
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Type | Technical Translation,Medical Translation,Website Translation,Others |
Industry Vertical | E-commerce,Legal,Energy & Mining,Travel,Gaming,Others |
Deployment | On Cloud,On-Premise |
Service | Translation Services,Testing Services,AI Services,Client Services,Others |
Component | Hardware,Software |
Players Covered in the Study are:
TransPerfect (United States), Lionbridge (United States), Mars Translation (China), LanguageLine Solutions (United States), SDL (United Kingdom), Welocalize (United States), Straker Translation (New Zealand), Text Master (United States), RWS (United Kingdom), Keywords Studios (Canada), Acolad Group (France), Hogarth Worldwide (United Kingdom), Welocalize Inc (United States) and SDI Media (United States)
Industry Insights:
On January 2021 Volaris group has enters into language services market with the acquisition of Across Systems GmbH
On September 2021 AJE had launched a new AI-Based English-language Translation Service., and On April 2021 Tilde had launched a Translation Platform for Companies and Translator
Key Target Audience
Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End-use Industry
What can be explored with Translation Services Provider study:
Where Translation Services Provider industry stands in scaling its end use implementations
What concrete benefits would result from scaled initiatives by Players
Where Players should focus their investments cycle
Key success factors and recommendations for upscaling future growth.
Target Market / Country and Key Business Segments
Available Customization:
List of players that can be included in the study on immediate basis are Iyuno Media Group (United States) and CyraCom (United States).