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Follow on Google News | Global Language Service Market: Size, Trends & Forecasts (2019-2023)The analysis includes the market by value, by growth rate, and by segmentation.
By: Daedal Research Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global language service market has also been forecasted for the years 2019-2023, taking into consideration the previous growth patterns, the growth drivers and the current and future trends. TransPerfect, Lionbridge, LanguageLine Solutions and RWS Holding are some of the key players operating in the global language service market, whose company profiling has been done in the report. In this segment of the report, business overview, financial overview and business strategies of the companies are provided. Company Coverage TransPerfect Lionbridge LanguageLine Solutions RWS Holding Executive Summary Language service industry provides all the translations for different types of businesses such as healthcare, legal, information technology, etc. With increase in globalization, many organization are aiming to expand to as many country. The major challenge during such expansions are the difference in communications. In order to connect to the local people, such organization require language translation provider. There are many segments which falls under language service industry such as translations, editing for authors, language interpretation, language education, computer assisted translations, terminology extractions, language localization, software localization and machine translations. Also, language service providers are of different infrastructure, such as, freelancers (one who translates and edits and proofreads), Single-Language Vendor (offering a wide range of translation services into one language) and Multiple-Language Vendor (a company which offer a wide range of translation services into multiple languages, enabling its clients to concentrate all of their translation requests with one vendor) There are many benefits when contracting with a small-scale language service provider such as comfort level by building a healthy relationship, translating capability, availability of subject matter experts, linguistic capabilities, etc. But for big organizations there are four major elements which are to be checked before finalizing the language service provider. These are operational security and reliability, interpreter quality, visibility and infrastructure. The global language service market is expected to increase at high growth rates during the forecasted period (2019-2023). The global language service market is supported by various growth drivers, such as increasing globalization, growing e-commerce, increasing online and offline content volume, etc. Yet, the market faces certain challenges, such as, data security, getting mobile application and social media savvy, etc. Few new market trends are also provided such as, importance of video translation, demand for neural machine translation tools, etc. List of Figures: Figure 1: Benefits of Working with a Small-Scale Language Service Provider Figure 2: Elements Required for Selection of a Language Services Provider Figure 3: End-Users of Language Services Figure 4: Global Language Service Market by Value; 2015-2018 (US$ Billion) Figure 5: Global Language Service Market by Value; 2019-2023 (US$ Billion) Figure 6: Global Language Service Market by Growth Rate; 2012-2017 (Percentage, %) Figure 7: Global Top 100 Language Service Companies by Region; 2018 (Percentage, %) Figure 8: Global Language Service Market by Segment (Translation and transcreation, Interpreting, Localization services & Other services); 2018 (Percentage, %) Figure 9: Global Translation, Localization and Transcreation Market; 2017-2018 (US$ Billion) Figure 10: Global Translation, Localization and Transcreation Market; 2019-2023 (US$ Billion) Figure 11: Global Interpreting and Other Language Services; 2017-2018 (US$ Billion) Figure 12: Global Interpreting and Other Language Services; 2019-2023 (US$ Billion) Figure 13: Global Language Service Market by Region (EMEA (Europe, Middle East and Africa) and America & Asia-Pacific); Figure 14: European Language Service Companies by Sales Volume; 2017 (Percentage, %) Figure 15: European Language Service Companies by Vertical; 2017 (Numbers) Figure 16: Global KOF Globalization Index; 2017 (Percentage, %) Figure 17: Global Digital Buyers; 2016-2021 (Billion) Figure 18: Global Internet Users; 2017 (Billion) Figure 19: Emerging Economies Worldwide; 2018 (Percentage, %) Figure 20: Daily Online Video Penetration Rate; January 2018 Figure 21: Global Machine Translation Tools; 2017-2024 (US$ Million) Figure 22: Global Language Service Market by Top 100 Player Share; 2018 (Percentage, %) Figure 23: RWS Holding Revenue; 2013-2017 (US$ Million) Figure 24: RWS Holding Revenue by Segment; 2017 (Percentage, %) Figure 25: RWS Holding Revenue by Region; 2017 (Percentage, %) Table 1: Difference Between CAT Tools and Machine Translations Table 2: Top 20 Language Service Providers: 2018 For further details, kindly visit : http://www.daedal- Rajeev Kumar (Business Development Manager) Address: 36 SFS Flats Paschim Vihar New Delhi-110063 Mobile: +91-9811715635 Tel: +91-120-4553017 Mail ID - info@daedal- End
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