Report overview
The language industry is the sector of activity dedicated to facilitating multilingual communication, both oral and written. According to the European Commission's Directorate-General of Translation, the language industry comprises the activities of translation, interpreting, subtitling and dubbing, software and website globalisation, language technology tools development, international conference organisation, language teaching and linguistic consultancy.
This report aims to provide a comprehensive presentation of the global market for Language Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Language Services. This report contains market size and forecasts of Language Services in global, including the following market information:
Global Language Services Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Language Services market was valued at US$ 76580 million in 2022 and is projected to reach US$ 111840 million by 2029, at a CAGR of 5.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Modern language industry has developed rapidly following availability of the internet. Achievements of the industry include the ability to quickly translate long texts into many languages. This has created new challenges as compared with the traditional activity of translators, such as that of quality assurance.
We surveyed the Language Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Language Services Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Language Services Market Segment Percentages, by Type, 2022 (%)
Translation
Interpreting
Subtitling
Others
Global Language Services Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Language Services Market Segment Percentages, by Application, 2022 (%)
Healthcare
ICT
BFSI
Government
Others
Global Language Services Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Language Services Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Language Services revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Language Services revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Lionbridge
Mayflower Language Services
RWS Group
SDL Language Services
Semantix
Teleperformance
TransPerfect
Welocalize
Outline of Major Chapters:
Chapter 1: Introduces the definition of Language Services, market overview.
Chapter 2: Global Language Services market size in revenue.
Chapter 3: Detailed analysis of Language Services company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Language Services in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
