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Language Services Market by Type (Interpreting Services, Localization Services, Translation Services), End-user (Automotive, Commercial, E-Commerce) - Global Forecast 2023-2030

Publisher 360iResearch
Published Oct 05, 2023
Length 183 Pages
SKU # IRE18312805

Description

Language Services Market by Type (Interpreting Services, Localization Services, Translation Services), End-user (Automotive, Commercial, E-Commerce) - Global Forecast 2023-2030


The Language Services Market is projected to reach USD 76.48 billion by 2030 from USD 45.55 billion in 2022, at a CAGR of 6.69% during the forecast period.

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Language Services Market.
  • Based on Type, market is studied across Interpreting Services, Localization Services, and Translation Services. The Interpreting Services is further studied across Human Generated and Machine Generated. The Localization Services is further studied across Human Generated and Machine Generated. The Translation Services is further studied across Human Generated and Machine Generated. The Localization Services commanded largest market share of 44.23% in 2022, followed by Translation Services.
  • Based on End-user, market is studied across Automotive, Commercial, E-Commerce, Government, Healthcare, IT & Telecommunications, Legal & Finance, Life Sciences, Media & Entertainment, and Travel & Tourism. The Legal & Finance commanded largest market share of 19.32% in 2022, followed by Government.
  • Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 42.23% in 2022, followed by Americas.
Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the Language Services Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape Language Services Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the Language Services Market, highlighting leading vendors and their innovative profiles. These include Acolad Group, Alconost Inc., Amazon.com, Inc., Appen Limited, Apple Inc., Argos Translations Sp. z o.o., CyraCom International, Inc., DeepL SE, Google LLC by Alphabet Inc., Happy Scribe Ltd., Honyaku Center Inc, International Business Machines Corporation, Iyuno, Keywords Studios PLC, Lilt, Inc., Lionbridge Technologies, LLC, Lokalise, Inc., memoQ Zrt., Microsoft Corporation, Pixelogic Media Partners LLC. by Imagica Group, President Translation Service Group International, Inc., Propio Language Services, Questel SAS, RWS Holdings PLC, Smartcat Platform Inc., Smartling, Inc., Teleperformance SE, Transifex, TransPerfect Global, Inc., and Welocalize, Inc..

The report offers valuable insights on the following aspects:
  1. Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
  2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
  3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
  4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
  5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
  1. What is the market size and forecast for the Language Services Market?
  2. Which products, segments, applications, and areas hold the highest investment potential in the Language Services Market?
  3. What is the competitive strategic window for identifying opportunities in the Language Services Market?
  4. What are the latest technology trends and regulatory frameworks in the Language Services Market?
  5. What is the market share of the leading vendors in the Language Services Market?
  6. Which modes and strategic moves are suitable for entering the Language Services Market?


Please Note: PDF & Excel + Online Access - 1 Year

Table of Contents

183 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Language Services Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Surge in globalization coupled with improving internet connectivity
5.1.1.2. Rapid adoption of language services by IT and education sectors to overcome language barriers
5.1.1.3. Growing consumer inclination towards language services for multilingual and cross cultural communication
5.1.2. Restraints
5.1.2.1. High cost of language services
5.1.3. Opportunities
5.1.3.1. Novel advancements in language services worldwide
5.1.3.2. Increasing investments in language services coupled with the rapid influx of translation and interpretation outsourcing
5.1.4. Challenges
5.1.4.1. Concerns relating to data security and privacy
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.3.1. Emphasis on the new advancements in language services and tools for the massive immigrant population in the Americas
5.3.2. Presence of diverse languages necessitating efficient language services in the APAC region
5.3.3. Significant number of language service providers embarking on delivering innovative services in the EMEA region
5.4. Cumulative Impact of COVID-19
5.5. Cumulative Impact of Russia-Ukraine Conflict
5.6. Cumulative Impact of High Inflation
5.7. Porter’s Five Forces Analysis
5.7.1. Threat of New Entrants
5.7.2. Threat of Substitutes
5.7.3. Bargaining Power of Customers
5.7.4. Bargaining Power of Suppliers
5.7.5. Industry Rivalry
5.8. Value Chain & Critical Path Analysis
5.9. Regulatory Framework
5.10. Client Customization
6. Language Services Market, by Type
6.1. Introduction
6.2. Interpreting Services
6.3.1. Human Generated
6.3.2. Machine Generated
6.3. Localization Services
6.4.1. Human Generated
6.4.2. Machine Generated
6.4. Translation Services
6.5.1. Human Generated
6.5.2. Machine Generated
7. Language Services Market, by End-user
7.1. Introduction
7.2. Automotive
7.3. Commercial
7.4. E-Commerce
7.5. Government
7.6. Healthcare
7.7. IT & Telecommunications
7.8. Legal & Finance
7.9. Life Sciences
7.10. Media & Entertainment
7.11. Travel & Tourism
8. Americas Language Services Market
8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States
9. Asia-Pacific Language Services Market
9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam
10. Europe, Middle East & Africa Language Services Market
10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom
11. Competitive Landscape
11.1. FPNV Positioning Matrix
11.2. Market Share Analysis, By Key Player
11.3. Competitive Scenario Analysis, By Key Player
11.3.1. Merger & Acquisition
11.3.1.1. Iyuno Expands Its Global Footprint with Acquisition of Turkish Studio Ak'la Kara
11.3.1.2. inWhatLanguage Acquired by Translation and Legal Solutions Provider Trustpoint.One
11.3.1.3. Language Partners and BBi Communication Announce Merger
11.3.1.4. Nations Translation Group Buys Language Marketplace as Canadian Market Consolidates
11.3.1.5. LanguageLine Buys Capita Translation and Interpreting
11.3.2. Agreement, Collaboration, & Partnership
11.3.2.1. Lilt and CaptionHub Partner to Support AI-powered Multilingual Videos
11.3.2.2. Acolad Partners with Phrase to Enhance its Tech-Enabled Language Services Offering
11.3.2.3. alt and Honyaku Center Launch Demonstration Experiment for Joint Product Development Using Generated AI
11.3.2.4. Lionbridge integrates Phrase Capabilities into its Leading Next-Generation Localization Solution
11.3.2.5. SyncWords Integrates with DeepL to Introduce Translation Capabilities for Video Content
11.3.3. New Product Launch & Enhancement
11.3.3.1. Appen Launches AI Chat Feedback and Benchmarking Solutions for Enhanced LLM Evaluation
11.3.3.2. Google launches Indian Languages Program for small and medium local news publishers
11.3.3.3. Smartling announces Patent-Pending Technology that Enables Breakthrough Improvements in Translation Using AI
11.3.3.4. Announcing four new languages: Konkani, Maithili, Sindhi and Sinhala
11.3.4. Investment & Funding
11.3.4.1. DeepL, the AI-based language translator, raises over $100M at a $1B+ valuation
11.3.5. Award, Recognition, & Expansion
11.3.5.1. TransPerfect Opens New Office in Cape Town
12. Competitive Portfolio
12.1. Key Company Profiles
12.1.1. Acolad Group
12.1.2. Alconost Inc.
12.1.3. Amazon.com, Inc.
12.1.4. Appen Limited
12.1.5. Apple Inc.
12.1.6. Argos Translations Sp. z o.o.
12.1.7. CyraCom International, Inc.
12.1.8. DeepL SE
12.1.9. Google LLC by Alphabet Inc.
12.1.10. Happy Scribe Ltd.
12.1.11. Honyaku Center Inc
12.1.12. International Business Machines Corporation
12.1.13. Iyuno
12.1.14. Keywords Studios PLC
12.1.15. Lilt, Inc.
12.1.16. Lionbridge Technologies, LLC
12.1.17. Lokalise, Inc.
12.1.18. memoQ Zrt.
12.1.19. Microsoft Corporation
12.1.20. Pixelogic Media Partners LLC. by Imagica Group
12.1.21. President Translation Service Group International, Inc.
12.1.22. Propio Language Services
12.1.23. Questel SAS
12.1.24. RWS Holdings PLC
12.1.25. Smartcat Platform Inc.
12.1.26. Smartling, Inc.
12.1.27. Teleperformance SE
12.1.28. Transifex
12.1.29. TransPerfect Global, Inc.
12.1.30. Welocalize, Inc.
12.2. Key Product Portfolio
13. Appendix
13.1. Discussion Guide
13.2. License & Pricing

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