Language Services Market by End-user and Geography - Forecast and Analysis 2021-2025
- Published: Jul 2021
- Pages: 120
- SKU: IRTNTR40429
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The language services market value is projected to grow by USD 21.67 billion at a CAGR of 6.64% during 2021-2025.
This language services market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (healthcare, ICT, BFSI, government, and others) and geography (Europe, North America, APAC, South America, and MEA). The language services market report also offers information on several market vendors, including Acolad, APPEN Ltd., Iyuno SDI Group, Keywords Studios Plc, LanguageLine Solutions, Lionbridge Technologies LLC, SDL Ltd., Star Group, TransPerfect Global Inc., and Welocalize Inc. among others.
What will the Language Services Market Size be in 2021?
Browse TOC and LoE with selected illustrations and example pages of Language Services Market
Language Services Market: Key Drivers and Trends
According to our research output, there has been a neutral impact on the market growth post COVID-19 era. Key drivers such as the technology adoption to enhance language translation process efficiency are notably supporting the language services market growth. However, one of the foremost factors impeding market growth is open source language service tools. Get detailed insights on the trends and challenges to stay prepared for the obstacles in the future, which will help companies analyze and develop growth strategies.
This post-pandemic language services market report has assessed the shift in consumer behavior and identified trends and drivers that will help market players outmaneuver challenges. Technology innovations, implementation, and improvisation scope identified in the language services market trends is essential for building new business opportunities across segmentations and geographies.
Who are the Major Language Services Market Vendors?
The language services market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The leading companies included in the report are as follows:
- Acolad
- APPEN Ltd.
- Iyuno SDI Group
- Keywords Studios Plc
- LanguageLine Solutions
- Lionbridge Technologies LLC
- SDL Ltd.
- Star Group
- TransPerfect Global Inc.
- Welocalize Inc.
From our Porter’s five forces analysis study, get detailed insights on the functional involvement of the buyers and suppliers to form well-rounded knowledge about the supply chain and create cost reduction plans. The language services market analysis report also contains exhaustive observations on the organic and inorganic growth strategies deployed by the vendors. Click here to uncover details of successful business strategies adopted by the vendors.
Furthermore, our research experts have outlined the magnitude of the economic impact on each segment and recovery expectations post-pandemic. To recover from post COVID-19 impact, market vendors should create strategies to grab business opportunities from the fast-growing segments, while refining their scope of growth in the slow-growing ones.
Download a free sample of the language services market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Language Services Market?
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The US is a key market for language services in North America. Learn about the key, emerging, and untapped markets from our language services market size, share, & trends analysis report for targeting your business efforts toward promising growth regions. 31% of the market’s growth will originate from North America during the forecast period.
North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The globalization of businesses has been identified as one of the chief factors that will drive the language services market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
What are the Revenue-generating End-user Segments in the Language Services Market?
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The language services market share growth by the healthcare segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.
This report provides an accurate prediction of the contribution of all the segments to the growth of the language services market size. Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment.
What are the Key Factors Covered in this Language Services Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive language services market growth during the next five years
- Precise estimation of the language services market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the language services market across Europe, North America, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of language services market vendors
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Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Frequently Asked Questions?
- US
- UK
- Germany
- China
- India
- Technology adoption to enhance language translation process efficiency
- Expected rise in demand for temperature-sensitive products
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