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Global Language Services Market 2018-2022

Global Language Services Market 2018-2022

About Language Services

This report covers the present scenario and growth prospects of the global language services market for 2018-2022. To calculate the market size, the report considers the revenue generated from language service providers (LSPs) providing services such as translation, interpreting, localization, and other language-related services.

Technavio’s analysts forecast the global language services market to grow at a CAGR of 3.96% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global language services market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Language Services Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Lionbridge
  • Mayflower Language Services
  • RWS Group
  • SDL Language Services
  • Semantix
  • Teleperformance
  • TransPerfect
  • Welocalize
Market driver
  • Technology adoption to enhance language translation process efficiency
  • For a full, detailed list, view our report
Market challenge
  • Open source language service tools
  • For a full, detailed list, view our report
Market trend
  • Increased emphasis on transcreation
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Language Services Market 2018-2022

Technavio recognizes the following companies as the key players in the global language services market: Lionbridge, Mayflower Language Services, RWS Group, SDL Language Services, Semantix, Teleperformance, TransPerfect, and Welocalize.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increased emphasis on transcreation. Owing to the significant rise in the internationalization of businesses, corporate organizations are increasingly using the concept of transcreation tools to interact with and attract the target audience towards their products.”

According to the report, one driver in the market is technology adoption to enhance language translation process efficiency. The major market driver is the increasing demand for CAT software. The CAT software uses a computerized program to translate from one language to another language using translation memory (TM).

Further, the report states that one challenge in the market is open source language service tools. The major factor hindering the growth of the market is the increased advent of open source translation services. There are several vendors that provide open source translation services, most of which are provided online.

Companies Mentioned

Lionbridge, Mayflower Language Services, RWS Group, SDL Language Services, Semantix, Teleperformance, TransPerfect, and Welocalize.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global IT services market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global language services market - Market size and forecast 2017-2022 ($ bn)
      • Table Global language services market - Year over year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by end-user
    • Segmentation by end-user
      • Table Global language services market by end-user - Market share 2017-2022 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Global language services market by healthcare
      • Table Global language services market by healthcare - Market size and forecast 2017-2022 ($ bn)
      • Table Global language services market by healthcare - Year over year growth 2018-2022 (%)
    • Global language services market by ICT
      • Table Global language services market by ICT - Market size and forecast 2017-2022 ($ bn)
      • Table Global language services market by ICT - Year over year growth 2018-2022 (%)
    • Global language services market by BFSI
      • Table Global language services market by BFSI - Market size and forecast 2017-2022 ($ bn)
      • Table Global language services market by BFSI - Year over year growth 2018-2022 (%)
    • Global language services market by government
      • Table Global language services market by government - Market size and forecast 2017-2022 ($ bn)
      • Table Global language services market by government - Year over year growth 2018-2022 (%)
    • Global language services market by other
      • Table Global language services market by other - Market size and forecast 2017-2022 ($ bn)
      • Table Global language services market by other - Year over year growth 2018-2022 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Regional landscape
    • Geographical segmentation
      • Table Global language services market by region - Market share 2017-2022 (%)
    • Regional comparison
      • Table Comparison by region
    • Language services market in EMEA
      • Table Language services market in EMEA - Market size and forecast 2017-2022 ($ bn)
      • Table Language services market in EMEA - Year over year growth 2018-2022 (%)
    • Language services market in Americas
      • Table Language services market in Americas - Market size and forecast 2017-2022 ($ bn)
      • Table Language services market in Americas - Year over year growth 2018-2022 (%)
    • Language services market in APAC
      • Table Language services market in APAC - Market size and forecast 2017-2022 ($ bn)
      • Table Language services market in APAC - Year over year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • US
    • UK
    • Germany
    • China
    • India
    • France
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Increased emphasis on transcreation
    • Increase in localization of video content
    • Increased adoption of mobile translation
    • Increase in NMT and AI
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Lionbridge
      • Table Lionbridge overview
      • Table Lionbridge - Business segments
      • Table Lionbridge - Organizational developments
      • Table Lionbridge - Key offerings
    • Mayflower Language Services
      • Table Mayflower Language Services overview
      • Table Mayflower Language Services - Business segments
      • Table Mayflower Language Services - Organizational developments
      • Table Mayflower Language Services - Key offerings
    • RWS Group
      • Table RWS Group overview
      • Table RWS Group - Business segments
      • Table RWS Group - Organizational developments
      • Table RWS Group - Geographic focus
      • Table RWS Group - Segment focus
      • Table RWS Group - Key offerings
    • SDL Language Services
      • Table SDL Language Services - Business segments
      • Table SDL Language Services - Organizational developments
      • Table SDL Language Services - Geographic focus
      • Table SDL Language Services - Segment focus
      • Table SDL Language Services - Key offerings
    • Semantix
      • Table Semantix overview
      • Table Semantix - Business segments
      • Table Semantix - Organizational developments
      • Table Semantix - Key offerings
    • Teleperformance
      • Table Teleperformance overview
      • Table Teleperformance - Business segments
      • Table Teleperformance - Organizational developments
      • Table Teleperformance - Segment focus
      • Table Teleperformance - Key offerings
    • TransPerfect
      • Table TransPerfect overview
      • Table TransPerfect - Business segments
      • Table TransPerfect - Organizational developments
      • Table TransPerfect - Key offerings
    • Welocalize
      • Table Welocalize overview
      • Table Welocalize - Business segments
      • Table Welocalize - Organizational developments
      • Table Welocalize - Key Offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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