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Language Services Market Size, Share 2023
| Market size in 2022 |
US$ 76580 million
|
Forecast Market size by 2029 |
US$ 111840 million
|
| Growth Rate |
CAGR of 5.6% |
Number of Pages |
60 Pages |
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.
| Report Attributes |
Report Details |
| Report Title |
Language Services Market, Global Outlook and Forecast 2023-2029 |
| Market size in 2022 |
US$ 76580 million
|
| Forecast Market size by 2029 |
US$ 111840 million
|
| Growth Rate |
CAGR of 5.6% |
| Historical Year |
2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year |
2022 |
| Forecast Year |
2030 |
| Number of Pages |
60 Pages |
| Customization Available |
Yes, the report can be customized as per your need. |
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 Language Services Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Language Services Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Language Services Overall Market Size
2.1 Global Language Services Market Size: 2022 VS 2029
2.2 Global Language Services Market Size, Prospects & Forecasts: 2018-2029
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Language Services Players in Global Market
3.2 Top Global Language Services Companies Ranked by Revenue
3.3 Global Language Services Revenue by Companies
3.4 Top 3 and Top 5 Language Services Companies in Global Market, by Revenue in 2022
3.5 Global Companies Language Services Product Type
3.6 Tier 1, Tier 2 and Tier 3 Language Services Players in Global Market
3.6.1 List of Global Tier 1 Language Services Companies
3.6.2 List of Global Tier 2 and Tier 3 Language Services Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global Language Services Market Size Markets, 2022 & 2029
4.1.2 Translation
4.1.3 Interpreting
4.1.4 Subtitling
4.1.5 Others
4.2 By Type - Global Language Services Revenue & Forecasts
4.2.1 By Type - Global Language Services Revenue, 2018-2023
4.2.2 By Type - Global Language Services Revenue, 2024-2029
4.2.3 By Type - Global Language Services Revenue Market Share, 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Language Services Market Size, 2022 & 2029
5.1.2 Healthcare
5.1.3 ICT
5.1.4 BFSI
5.1.5 Government
5.1.6 Others
5.2 By Application - Global Language Services Revenue & Forecasts
5.2.1 By Application - Global Language Services Revenue, 2018-2023
5.2.2 By Application - Global Language Services Revenue, 2024-2029
5.2.3 By Application - Global Language Services Revenue Market Share, 2018-2029
6 Sights by Region
6.1 By Region - Global Language Services Market Size, 2022 & 2029
6.2 By Region - Global Language Services Revenue & Forecasts
6.2.1 By Region - Global Language Services Revenue, 2018-2023
6.2.2 By Region - Global Language Services Revenue, 2024-2029
6.2.3 By Region - Global Language Services Revenue Market Share, 2018-2029
6.3 North America
6.3.1 By Country - North America Language Services Revenue, 2018-2029
6.3.2 US Language Services Market Size, 2018-2029
6.3.3 Canada Language Services Market Size, 2018-2029
6.3.4 Mexico Language Services Market Size, 2018-2029
6.4 Europe
6.4.1 By Country - Europe Language Services Revenue, 2018-2029
6.4.2 Germany Language Services Market Size, 2018-2029
6.4.3 France Language Services Market Size, 2018-2029
6.4.4 U.K. Language Services Market Size, 2018-2029
6.4.5 Italy Language Services Market Size, 2018-2029
6.4.6 Russia Language Services Market Size, 2018-2029
6.4.7 Nordic Countries Language Services Market Size, 2018-2029
6.4.8 Benelux Language Services Market Size, 2018-2029
6.5 Asia
6.5.1 By Region - Asia Language Services Revenue, 2018-2029
6.5.2 China Language Services Market Size, 2018-2029
6.5.3 Japan Language Services Market Size, 2018-2029
6.5.4 South Korea Language Services Market Size, 2018-2029
6.5.5 Southeast Asia Language Services Market Size, 2018-2029
6.5.6 India Language Services Market Size, 2018-2029
6.6 South America
6.6.1 By Country - South America Language Services Revenue, 2018-2029
6.6.2 Brazil Language Services Market Size, 2018-2029
6.6.3 Argentina Language Services Market Size, 2018-2029
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Language Services Revenue, 2018-2029
6.7.2 Turkey Language Services Market Size, 2018-2029
6.7.3 Israel Language Services Market Size, 2018-2029
6.7.4 Saudi Arabia Language Services Market Size, 2018-2029
6.7.5 UAE Language Services Market Size, 2018-2029
7 Language Services Companies Profiles
7.1 Lionbridge
7.1.1 Lionbridge Company Summary
7.1.2 Lionbridge Business Overview
7.1.3 Lionbridge Language Services Major Product Offerings
7.1.4 Lionbridge Language Services Revenue in Global Market (2018-2023)
7.1.5 Lionbridge Key News & Latest Developments
7.2 Mayflower Language Services
7.2.1 Mayflower Language Services Company Summary
7.2.2 Mayflower Language Services Business Overview
7.2.3 Mayflower Language Services Language Services Major Product Offerings
7.2.4 Mayflower Language Services Language Services Revenue in Global Market (2018-2023)
7.2.5 Mayflower Language Services Key News & Latest Developments
7.3 RWS Group
7.3.1 RWS Group Company Summary
7.3.2 RWS Group Business Overview
7.3.3 RWS Group Language Services Major Product Offerings
7.3.4 RWS Group Language Services Revenue in Global Market (2018-2023)
7.3.5 RWS Group Key News & Latest Developments
7.4 SDL Language Services
7.4.1 SDL Language Services Company Summary
7.4.2 SDL Language Services Business Overview
7.4.3 SDL Language Services Language Services Major Product Offerings
7.4.4 SDL Language Services Language Services Revenue in Global Market (2018-2023)
7.4.5 SDL Language Services Key News & Latest Developments
7.5 Semantix
7.5.1 Semantix Company Summary
7.5.2 Semantix Business Overview
7.5.3 Semantix Language Services Major Product Offerings
7.5.4 Semantix Language Services Revenue in Global Market (2018-2023)
7.5.5 Semantix Key News & Latest Developments
7.6 Teleperformance
7.6.1 Teleperformance Company Summary
7.6.2 Teleperformance Business Overview
7.6.3 Teleperformance Language Services Major Product Offerings
7.6.4 Teleperformance Language Services Revenue in Global Market (2018-2023)
7.6.5 Teleperformance Key News & Latest Developments
7.7 TransPerfect
7.7.1 TransPerfect Company Summary
7.7.2 TransPerfect Business Overview
7.7.3 TransPerfect Language Services Major Product Offerings
7.7.4 TransPerfect Language Services Revenue in Global Market (2018-2023)
7.7.5 TransPerfect Key News & Latest Developments
7.8 Welocalize
7.8.1 Welocalize Company Summary
7.8.2 Welocalize Business Overview
7.8.3 Welocalize Language Services Major Product Offerings
7.8.4 Welocalize Language Services Revenue in Global Market (2018-2023)
7.8.5 Welocalize Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. Language Services Market Opportunities & Trends in Global Market
Table 2. Language Services Market Drivers in Global Market
Table 3. Language Services Market Restraints in Global Market
Table 4. Key Players of Language Services in Global Market
Table 5. Top Language Services Players in Global Market, Ranking by Revenue (2022)
Table 6. Global Language Services Revenue by Companies, (US$, Mn), 2018-2023
Table 7. Global Language Services Revenue Share by Companies, 2018-2023
Table 8. Global Companies Language Services Product Type
Table 9. List of Global Tier 1 Language Services Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Language Services Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type ? Global Language Services Revenue, (US$, Mn), 2022 & 2029
Table 12. By Type - Language Services Revenue in Global (US$, Mn), 2018-2023
Table 13. By Type - Language Services Revenue in Global (US$, Mn), 2024-2029
Table 14. By Application ? Global Language Services Revenue, (US$, Mn), 2022 & 2029
Table 15. By Application - Language Services Revenue in Global (US$, Mn), 2018-2023
Table 16. By Application - Language Services Revenue in Global (US$, Mn), 2024-2029
Table 17. By Region ? Global Language Services Revenue, (US$, Mn), 2022 & 2029
Table 18. By Region - Global Language Services Revenue (US$, Mn), 2018-2023
Table 19. By Region - Global Language Services Revenue (US$, Mn), 2024-2029
Table 20. By Country - North America Language Services Revenue, (US$, Mn), 2018-2023
Table 21. By Country - North America Language Services Revenue, (US$, Mn), 2024-2029
Table 22. By Country - Europe Language Services Revenue, (US$, Mn), 2018-2023
Table 23. By Country - Europe Language Services Revenue, (US$, Mn), 2024-2029
Table 24. By Region - Asia Language Services Revenue, (US$, Mn), 2018-2023
Table 25. By Region - Asia Language Services Revenue, (US$, Mn), 2024-2029
Table 26. By Country - South America Language Services Revenue, (US$, Mn), 2018-2023
Table 27. By Country - South America Language Services Revenue, (US$, Mn), 2024-2029
Table 28. By Country - Middle East & Africa Language Services Revenue, (US$, Mn), 2018-2023
Table 29. By Country - Middle East & Africa Language Services Revenue, (US$, Mn), 2024-2029
Table 30. Lionbridge Company Summary
Table 31. Lionbridge Language Services Product Offerings
Table 32. Lionbridge Language Services Revenue (US$, Mn) & (2018-2023)
Table 33. Lionbridge Key News & Latest Developments
Table 34. Mayflower Language Services Company Summary
Table 35. Mayflower Language Services Language Services Product Offerings
Table 36. Mayflower Language Services Language Services Revenue (US$, Mn) & (2018-2023)
Table 37. Mayflower Language Services Key News & Latest Developments
Table 38. RWS Group Company Summary
Table 39. RWS Group Language Services Product Offerings
Table 40. RWS Group Language Services Revenue (US$, Mn) & (2018-2023)
Table 41. RWS Group Key News & Latest Developments
Table 42. SDL Language Services Company Summary
Table 43. SDL Language Services Language Services Product Offerings
Table 44. SDL Language Services Language Services Revenue (US$, Mn) & (2018-2023)
Table 45. SDL Language Services Key News & Latest Developments
Table 46. Semantix Company Summary
Table 47. Semantix Language Services Product Offerings
Table 48. Semantix Language Services Revenue (US$, Mn) & (2018-2023)
Table 49. Semantix Key News & Latest Developments
Table 50. Teleperformance Company Summary
Table 51. Teleperformance Language Services Product Offerings
Table 52. Teleperformance Language Services Revenue (US$, Mn) & (2018-2023)
Table 53. Teleperformance Key News & Latest Developments
Table 54. TransPerfect Company Summary
Table 55. TransPerfect Language Services Product Offerings
Table 56. TransPerfect Language Services Revenue (US$, Mn) & (2018-2023)
Table 57. TransPerfect Key News & Latest Developments
Table 58. Welocalize Company Summary
Table 59. Welocalize Language Services Product Offerings
Table 60. Welocalize Language Services Revenue (US$, Mn) & (2018-2023)
Table 61. Welocalize Key News & Latest Developments
List of Figures
Figure 1. Language Services Segment by Type in 2022
Figure 2. Language Services Segment by Application in 2022
Figure 3. Global Language Services Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global Language Services Market Size: 2022 VS 2029 (US$, Mn)
Figure 6. Global Language Services Revenue, 2018-2029 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Language Services Revenue in 2022
Figure 8. By Type - Global Language Services Revenue Market Share, 2018-2029
Figure 9. By Application - Global Language Services Revenue Market Share, 2018-2029
Figure 10. By Type - Global Language Services Revenue, (US$, Mn), 2022 & 2029
Figure 11. By Type - Global Language Services Revenue Market Share, 2018-2029
Figure 12. By Application - Global Language Services Revenue, (US$, Mn), 2022 & 2029
Figure 13. By Application - Global Language Services Revenue Market Share, 2018-2029
Figure 14. By Region - Global Language Services Revenue Market Share, 2018-2029
Figure 15. By Country - North America Language Services Revenue Market Share, 2018-2029
Figure 16. US Language Services Revenue, (US$, Mn), 2018-2029
Figure 17. Canada Language Services Revenue, (US$, Mn), 2018-2029
Figure 18. Mexico Language Services Revenue, (US$, Mn), 2018-2029
Figure 19. By Country - Europe Language Services Revenue Market Share, 2018-2029
Figure 20. Germany Language Services Revenue, (US$, Mn), 2018-2029
Figure 21. France Language Services Revenue, (US$, Mn), 2018-2029
Figure 22. U.K. Language Services Revenue, (US$, Mn), 2018-2029
Figure 23. Italy Language Services Revenue, (US$, Mn), 2018-2029
Figure 24. Russia Language Services Revenue, (US$, Mn), 2018-2029
Figure 25. Nordic Countries Language Services Revenue, (US$, Mn), 2018-2029
Figure 26. Benelux Language Services Revenue, (US$, Mn), 2018-2029
Figure 27. By Region - Asia Language Services Revenue Market Share, 2018-2029
Figure 28. China Language Services Revenue, (US$, Mn), 2018-2029
Figure 29. Japan Language Services Revenue, (US$, Mn), 2018-2029
Figure 30. South Korea Language Services Revenue, (US$, Mn), 2018-2029
Figure 31. Southeast Asia Language Services Revenue, (US$, Mn), 2018-2029
Figure 32. India Language Services Revenue, (US$, Mn), 2018-2029
Figure 33. By Country - South America Language Services Revenue Market Share, 2018-2029
Figure 34. Brazil Language Services Revenue, (US$, Mn), 2018-2029
Figure 35. Argentina Language Services Revenue, (US$, Mn), 2018-2029
Figure 36. By Country - Middle East & Africa Language Services Revenue Market Share, 2018-2029
Figure 37. Turkey Language Services Revenue, (US$, Mn), 2018-2029
Figure 38. Israel Language Services Revenue, (US$, Mn), 2018-2029
Figure 39. Saudi Arabia Language Services Revenue, (US$, Mn), 2018-2029
Figure 40. UAE Language Services Revenue, (US$, Mn), 2018-2029
Figure 41. Lionbridge Language Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 42. Mayflower Language Services Language Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 43. RWS Group Language Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 44. SDL Language Services Language Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 45. Semantix Language Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 46. Teleperformance Language Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 47. TransPerfect Language Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 48. Welocalize Language Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
