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Global Language Services Market Size, Share, Trends, Report: By Service: Translation Services, Interpretation Services, Others; By Component: Software, Hardware; By Application: IT and Telecommunications, Commercial, Government, Automotive, Healthcare, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Language Services Market Outlook
The global language services market size reached a value of about USD 73.65 billion in 2023. The market is projected to grow at a CAGR of 6.5% between 2024 and 2032, reaching an approximate value of USD 129.61 billion by 2032.
Key Trends in the Market
The phrase "language service" commonly encompasses a variety of services centred around language-related tasks. These services aim to aid communication and promote comprehension between individuals who speak different languages. These services can be used in various forms, including translation, interpretation, and language training and teaching, among others.
- The increasing globalisation of businesses and the growth of international trade have been major factors fueling the language services market demand. Companies are expanding their operations into new markets, due to which they require translation and localisation services to effectively communicate with their target audiences.
- The digital revolution has transformed the market for language services. With companies rapidly expanding their reach to different countries and communities through social media platforms, e-commerce, and other digital platforms, the need for proper communication becomes essential. This has created a surge in the demand for translation and localisation services to adapt content to different languages and cultures.
- Advancements in translation and language processing technologies are another key factors aiding the growth of the market. Machine translation, neural networks, natural language processing (NLP), and artificial intelligence (AI) have improved the efficiency and accuracy of language services. The global language services market demand is expected to grow as such services become more accessible and cost friendly.
Market Analysis
Based on service, the market is segmented into translation services and interpretation services, among others. On the basis of component, the market can be bifurcated into software and hardware. The market, based on application, is segmented into IT and telecommunications, commercial, government, automotive, and healthcare, among others. The major regional markets for language services are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global language services market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.
- Global Linguist Solutions, LLC
- Hogarth Worldwide
- Keywords Studios Plc
- Teleperformance SE
- Lionbridge Technologies, LLC.
- RWS Holdings PLC
- TransPerfect Legal Solutions Inc.
- Atlas Language Services Inc.
- Semantix AB
- Summa Linguae Technologies
- Others
Market Share by Service
Translation services are expected to hold a considerable position in the market owing to increasing demand for multilingual content and the inclusion of different languages in websites. Translation is the intricate process of converting written or spoken content from one language to another, enabling effective communication across cultures and languages. It involves the meticulous transfer of meaning, tone, and context while maintaining accuracy and coherence in the target language.
Market Share by Region
North America is likely to hold a significant position in the global language services market share. The market in North America is growing rapidly due to the growing diversity in the region, increasing the need for effective language services. In addition, the significance of multicultural marketing has grown, leading to an increase in the demand for language services and qualified translators and interpreters to serve the diverse population.
Competitive Landscape
Global Linguist Solutions, LLC was established in 2006 as a collaborative effort between DynCorp International and McNeil Technologies. Its core purpose is centred around delivering linguist and translation services to the United States military through the U.S. Army's Worldwide Linguist Support contract. With a primary emphasis on language support, GLS played a vital role in aiding the U.S. military across different operational areas.
Hogarth Worldwide was established in 2008 and has emerged as a prominent global marketing implementation agency. It specialises in delivering an array of creative production and adaptation services to brands and advertising agencies. With its expansive growth, Hogarth has positioned itself as one of the largest marketing implementation agencies and one of the key players in the global language services market. The company provides various services, including video production, post-production, adaptation, localisation, transcreation, digital asset management, and campaign implementation.
Keywords Studios Plc is one the leading global technology services provider for the video gaming sector. It offers a diverse array of services that aid in the development and publishing of video games. The company, established in 1998, has successfully expanded its operations to provide services across various aspects of game development. These encompass localisation and translation, audio production, art design and creation, functionality testing, player support, and game engineering.
Other market players include Teleperformance SE, Lionbridge Technologies, LLC., RWS Holdings PLC, TransPerfect Legal Solutions Inc., Atlas Language Services Inc., Semantix AB, and Summa Linguae Technologies, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Service |
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| Breakup by Component |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Language Services Market Analysis
8.1 Key Industry Highlights
8.2 Global Language Services Historical Market (2018-2023)
8.3 Global Language Services Market Forecast (2024-2032)
8.4 Global Language Services Market by Service
8.4.1 Translation Services
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Interpretation Services
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Language Services Market by Component
8.5.1 Software
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Hardware
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Language Services Market by Application
8.6.1 IT and Telecommunications
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Commercial
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Government
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Automotive
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Healthcare
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global Language Services Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Language Services Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Language Services Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Language Services Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Language Services Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Language Services Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Global Linguist Solutions, LLC
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Hogarth Worldwide
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Keywords Studios Plc
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Teleperformance SE
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Lionbridge Technologies, LLC.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 RWS Holdings PLC
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 TransPerfect Legal Solutions Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Atlas Language Services Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Semantix AB
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Summa Linguae Technologies
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Language Services Market: Key Industry Highlights, 2018 and 2032
2. Global Language Services Historical Market: Breakup by Service (USD Billion), 2018-2023
3. Global Language Services Market Forecast: Breakup by Service (USD Billion), 2024-2032
4. Global Language Services Historical Market: Breakup by Component (USD Billion), 2018-2023
5. Global Language Services Market Forecast: Breakup by Component (USD Billion), 2024-2032
6. Global Language Services Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Language Services Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Language Services Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Language Services Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Language Services Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Language Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Language Services Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Language Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Language Services Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Language Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Language Services Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Language Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Language Services Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Language Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Language Services Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 73.65 billion.
The market is projected to grow at a CAGR of 6.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 129.61 billion by 2032.
Rapid globalisation and technological advancements and innovations are driving the growth of the market.
The major trends propelling the market development are the increasing digital transformation of various sectors and the rising significance of multicultural marketing.
The major regional market includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different applications of language services include IT and telecommunications, commercial, government, automotive, and healthcare, among others.
The key players in the language services market include Global Linguist Solutions, LLC, Hogarth Worldwide, Keywords Studios Plc, Teleperformance SE, Lionbridge Technologies, LLC., RWS Holdings PLC, TransPerfect Legal Solutions Inc., Atlas Language Services Inc., Semantix AB, and Summa Linguae Technologies, among others.
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