Global Interpretation Services Market

Global Interpretation Services Market

Global Interpretation Services Market Size By Application, By Geographic Scope and Forecast

According to Verified Market Research, the Global Interpretation Services Market was valued at USD 17,230.2 Million in 2018 and is expected to witness a growth of 5.69% from 2019-2026 and reach USD 26,581.0 Million by 2026.

Language Services have been around for a long period of time, and the providers for these services (Language Service Providers (LSP)) are companies that offer varying degrees of service. Language services generally include the following services: translation, interpretation, dubbing, language courses, language assessment, language technologies and more. Within language services, Interpretation services can be defined as the facilitation of communication between users of different languages, encompassing both spoken as well as signed communication. The International Standards Organization (ISO) definition for interpreting is “Rendering a spoken or signed message into another spoken or signed language, preserving the register and meaning of the source language content.” (ISO, 2014, p. 1.).

Interpreting requires excellent language proficiency as there is a need to be able to quickly analyze and transfer messages between languages, as well as an adherence to professional ethics and standards of practice. Interpreting is performed face-to-face and remotely, the latter of which requires technological platforms for the facilitation of telephonic and video multilingual communication.

The Healthcare Industry has been witnessed to be coming under increasing pressure to provide translation and interpreting services for limited English proficiency (LEP) patients (especially ones that are more cost-effective). With regulations for insurance companies and healthcare providers being updated, all patient-facing materials must be updated as well and distributed to patients in a language they can understand.

With the growing demand in the legal and judicial professions for interpretation services, similar to the healthcare field, courts are required by law to offer language services for those who require it. With the increase in the number of highly skilled teams of legal, court, and immigration interpreters in North America, legal interpretation is becoming more dependent on interpretation services. However, the high cost of translation services and lack of awareness concerning interpretation technologies are major factors restraining the market growth.


1 INTRODUCTION
1.1 MARKET DEFINITION
1.2 MARKET SEGMENTATION
1.3 RESEARCH TIMELINES
1.4 ASSUMPTIONS
1.5 LIMITATIONS
2 RESEARCH METHODOLOGY
2.1 DATA MINING
2.2 SECONDARY RESEARCH
2.3 PRIMARY RESEARCH
2.4 SUBJECT MATTER EXPERT ADVICE
2.5 QUALITY CHECK
2.6 FINAL REVIEW
2.7 DATA TRIANGULATION
2.8 BOTTOM-UP APPROACH
2.9 TOP DOWN APPROACH
2.1 RESEARCH FLOW
2.11 DATA SOURCES
3 EXECUTIVE SUMMARY
3.1 MARKET OVERVIEW
3.2 GLOBAL INTERPRETATION SERVICES MARKET GEOGRAPHICAL ANALYSIS (CAGR %)
3.3 GLOBAL INTERPRETATION SERVICES MARKET, BY APPLICATION (USD MILLION)
3.4 GLOBAL MARKET SPLIT
3.5 FUTURE MARKET OPPORTUNITIES
4 MARKET OUTLOOK
4.1 GLOBAL INTERPRETATION SERVICES MARKET OUTLOOK
4.1 MARKET DRIVERS
4.1.1 GROWING NUMBER OF INDUSTRIES WITH NEED FOR INTERPRETATION SERVICES
4.1.2 INCREASING DEMAND FOR VIDEO REMOTE INTERPRETING (VRI)
4.2 MARKET CHALLENGES
4.2.1 HIGH COST OF TRANSLATION SERVICES
4.2.2 LACK OF AWARENESS CONCERNING INTERPRETATION TECHNOLOGIES
5 MARKET, BY APPLICATION
5.1 OVERVIEW
5.2 LEGAL
5.3 FINANCE & BANKING
5.4 MEDICAL
5.5 TOURISM & TRAVEL
5.6 OTHERS
6 MARKET, BY GEOGRAPHY
6.1 OVERVIEW
6.2 NORTH AMERICA
6.2.1 U.S.
6.2.2 CANADA
6.2.3 MEXICO
6.3 EUROPE
6.3.1 GERMANY
6.3.2 FRANCE
6.3.3 UK
6.3.4 REST OF EUROPE
6.4 ASIA PACIFIC
6.4.1 CHINA
6.4.2 JAPAN
6.4.3 INDIA
6.4.4 REST OF ASIA-PACIFIC
6.5 ROW
6.5.1 MIDDLE EAST AND AFRICA
6.5.2 LATIN AMERICA
7 COMPETITIVE LANDSCAPE
7.1 OVERVIEW
7.2 COMPETITIVE SCENARIO
7.3 COMPANY MARKET RANKING ANALYSIS
8 COMPANY PROFILES
8.1 TELELANGUAGE INC.
8.1.1 COMPANY OVERVIEW
8.1.2 COMPANY INSIGHTS
8.1.3 PRODUCT BENCHMARKING
8.1.4 KEY DEVELOPMENTS
8.2 LANGUAGELINE SOLUTIONS
8.2.1 COMPANY OVERVIEW
8.2.2 COMPANY INSIGHTS
8.2.3 PRODUCT BENCHMARKING
8.2.4 KEY DEVELOPMENTS
8.3 LANGUAGE LINK
8.3.1 COMPANY OVERVIEW
8.3.2 COMPANY INSIGHTS
8.3.3 PRODUCT BENCHMARKING
8.4 CETRA LANGUAGE SOLUTIONS
8.4.1 COMPANY OVERVIEW
8.4.2 COMPANY INSIGHTS
8.4.3 PRODUCT BENCHMARKING
8.4.4 KEY DEVELOPMENTS
8.5 DAY TRANSLATIONS INC.
8.5.1 COMPANY OVERVIEW
8.5.2 COMPANY INSIGHTS
8.5.3 PRODUCT BENCHMARKING
8.6 TRANSPERFECT
8.6.1 COMPANY OVERVIEW
8.6.2 COMPANY INSIGHTS
8.6.3 PRODUCT BENCHMARKING
LIST OF TABLES
TABLE 1 GLOBAL INTERPRETATION SERVICES MARKET, BY APPLICATION, 2017 – 2026 (USD MILLION)
TABLE 2 GLOBAL INTERPRETATION SERVICES MARKET, BY GEOGRAPHY, 2017 – 2026 (USD MILLION)
TABLE 3 GLOBAL INTERPRETATION SERVICES MARKET, BY COUNTRY, 2017 – 2026 (USD MILLION)
TABLE 4 NORTH AMERICA INTERPRETATION SERVICES MARKET, BY SERVICE, 2017 – 2026 (USD MILLION)
TABLE 5 U.S. INTERPRETATION SERVICES MARKET, BY SERVICE, 2017 – 2026 (USD MILLION)
TABLE 6 CANADA INTERPRETATION SERVICES MARKET, BY SERVICE, 2017 – 2026 (USD MILLION)
TABLE 7 MEXICO INTERPRETATION SERVICES MARKET, BY SERVICE, 2017 – 2026 (USD MILLION)
TABLE 8 EUROPE INTERPRETATION SERVICES MARKET, BY COUNTRY, 2017 – 2026 (USD MILLION)
TABLE 9 EUROPE INTERPRETATION SERVICES MARKET, BY SERVICE, 2017 – 2026 (USD MILLION)
TABLE 10 GERMANY INTERPRETATION SERVICES MARKET, BY SERVICE, 2017 – 2026 (USD MILLION)
TABLE 11 FRANCE INTERPRETATION SERVICES MARKET, BY SERVICE, 2017 – 2026 (USD MILLION)
TABLE 12 UK INTERPRETATION SERVICES MARKET, BY SERVICE, 2017 – 2026 (USD MILLION)
TABLE 13 REST OF EUROPE INTERPRETATION SERVICES MARKET, BY SERVICE, 2017 – 2026 (USD MILLION)
TABLE 14 ASIA PACIFIC INTERPRETATION SERVICES MARKET, BY COUNTRY, 2017 – 2026 (USD MILLION)
TABLE 15 ASIA PACIFIC INTERPRETATION SERVICES MARKET, BY SERVICE, 2017 – 2026 (USD MILLION)
TABLE 16 CHINA INTERPRETATION SERVICES MARKET, BY SERVICE, 2017 – 2026 (USD MILLION)
TABLE 17 JAPAN INTERPRETATION SERVICES MARKET, BY SERVICE, 2017 – 2026 (USD MILLION)
TABLE 18 INDIA INTERPRETATION SERVICES MARKET, BY SERVICE, 2017 – 2026 (USD MILLION)
TABLE 19 REST OF ASIA-PACIFIC INTERPRETATION SERVICES MARKET, BY SERVICE, 2017 – 2026 (USD MILLION)
TABLE 20 ROW INTERPRETATION SERVICES MARKET, BY COUNTRY, 2017 – 2026 (USD MILLION)
TABLE 21 ROW INTERPRETATION SERVICES MARKET, BY SERVICE, 2017 – 2026 (USD MILLION)
TABLE 22 MIDDLE EAST AND AFRICA INTERPRETATION SERVICES MARKET, BY SERVICE, 2017 – 2026 (USD MILLION)
TABLE 23 LATIN AMERICA INTERPRETATION SERVICES MARKET, BY SERVICE, 2017 – 2026 (USD MILLION)
TABLE 24 COMPANY MARKET RANKING ANALYSIS
TABLE 25 TELELANGUAGE: PRODUCT BENCHMARKING
TABLE 26 TELELANGUAGE: KEY DEVELOPMENTS
TABLE 27 LANGUAGELINE SOLUTIONS: PRODUCT BENCHMARKING
TABLE 28 LANGUAGELINE SOLUTIONS: KEY DEVELOPMENTS
TABLE 29 LANGUAGE LINK: PRODUCT BENCHMARKING
TABLE 30 CETRA LANGUAGE SOLUTIONS: PRODUCT BENCHMARKING
TABLE 31 CETRA LANGUAGE SOLUTIONS: KEY DEVELOPMENTS
TABLE 32 DAY TRANSLATIONS: PRODUCT BENCHMARKING
TABLE 33 TRANSPERFECT: PRODUCT BENCHMARKING
LIST OF FIGURES
FIGURE 1 GLOBAL INTERPRETATION SERVICES MARKET SEGMENTATION
FIGURE 2 RESEARCH TIMELINES
FIGURE 3 DATA TRIANGULATION
FIGURE 4 MARKET RESEARCH FLOW
FIGURE 5 DATA SOURCES
FIGURE 6 GLOBAL INTERPRETATION SERVICES MARKET OVERVIEW
FIGURE 7 GLOBAL INTERPRETATION SERVICES MARKET GEOGRAPHICAL ANALYSIS, 2019-2026
FIGURE 8 GLOBAL INTERPRETATION SERVICES MARKET, BY APPLICATION (USD MILLION)
FIGURE 9 EUROPE DOMINATED THE MARKET IN 2018
FIGURE 10 FUTURE MARKET OPPORTUNITIES
FIGURE 11 GLOBAL INTERPRETATION SERVICES MARKET OUTLOOK
FIGURE 12 GLOBAL INTERPRETATION SERVICES MARKET, BY APPLICATION
FIGURE 13 GLOBAL INTERPRETATION SERVICES MARKET, BY GEOGRAPHY, 2017 – 2026 (USD BILLION)
FIGURE 14 NORTH AMERICA MARKET SNAPSHOT
FIGURE 15 EUROPE MARKET SNAPSHOT
FIGURE 16 ASIA PACIFIC MARKET SNAPSHOT
FIGURE 17 ROW MARKET SNAPSHOT
FIGURE 18 KEY STRATEGIC DEVELOPMENTS
FIGURE 19 TELELANGUAGE: COMPANY INSIGHT
FIGURE 20 LANGUAGELINE SOLUTIONS: COMPANY INSIGHT
FIGURE 21 LANGUAGE LINK: COMPANY INSIGHT
FIGURE 22 CETRA LANGUAGE SOLUTIONS: COMPANY INSIGHTS
FIGURE 23 DAY TRANSLATIONS: COMPANY INSIGHT
FIGURE 24 TRANSPERFECT: COMPANY INSIGHT

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