Your payment is in progress...
  +1 (704) 266-3234

Global Language Service Market: Size, Trends & Forecasts (2019-2023)

Published on: Jan 2019 | From USD $800 | Published By: DAEDAL RESEARCH | Number Of Pages: 55

Scope of the Report

The report entitled “Global Language Service Market: Size, Trends & Forecasts (2019-2023)”, provides analysis of the global language service market, with detailed analysis of market size and growth, and segmentation of the industry. The analysis includes the market by value, by growth rate, and by segmentation.

Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global language service market has also been forecasted for the years 2019-2023, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

TransPerfect, Lionbridge, LanguageLine Solutions and RWS Holding are some of the key players operating in the global language service market, whose company profiling has been done in the report. In this segment of the report, business overview, financial overview and business strategies of the companies are provided.

Company Coverage

TransPerfect
Lionbridge
LanguageLine Solutions
RWS Holding

? Executive Summary

Language service industry provides all the translations for different types of businesses such as healthcare, legal, information technology, etc. With increase in globalization, many organization are aiming to expand to as many country. The major challenge during such expansions are the difference in communications. In order to connect to the local people, such organization require language translation provider.

There are many segments which falls under language service industry such as translations, editing for authors, language interpretation, language education, computer assisted translations, terminology extractions, language localization, software localization and machine translations. Also, language service providers are of different infrastructure, such as, freelancers (one who translates and edits and proofreads), Single-Language Vendor (offering a wide range of translation services into one language) and Multiple-Language Vendor (a company which offer a wide range of translation services into multiple languages, enabling its clients to concentrate all of their translation requests with one vendor)

There are many benefits when contracting with a small-scale language service provider such as comfort level by building a healthy relationship, translating capability, availability of subject matter experts, linguistic capabilities, etc. But for big organizations there are four major elements which are to be checked before finalizing the language service provider. These are operational security and reliability, interpreter quality, visibility and infrastructure.

The global language service market is expected to increase at high growth rates during the forecasted period (2019-2023). The global language service market is supported by various growth drivers, such as increasing globalization, growing e-commerce, increasing online and offline content volume, etc. Yet, the market faces certain challenges, such as, data security, getting mobile application and social media savvy, etc. Few new market trends are also provided such as, importance of video translation, demand for neural machine translation tools, etc.

1. Executive Summary

2. Introduction

2.1 Language Service Industry: An Overview

2.1.1 Language Service Industry: Meaning
2.1.2 Segments of Language Service
2.1.3 Language Service Provider in Terms of Structure
2.1.4 Benefits of Working with a Small-Scale Language Service Provider
2.1.5 Elements Required for Selection of a Language Services Provider
2.1.6 End-Users of Language Services

3. Market Sizing

3.1 Global Language Service Market: An Analysis

3.1.1 Global Language Service Market by Value
3.1.2 Global Language Service Market by Growth Rate
3.1.3 Global Top 100 Language Service Companies by Region

3.2 Global Language Service Market: Segment Analysis

3.2.1 Global Language Service Market by Segment (Translation and transcreation, Interpreting, Localization services & Other services)
3.2.2 Global Translation, Localization and Transcreation Market
3.2.3 Global Interpreting and Other Language Services

3.3 Global Language Service Market: Regional Analysis

3.3.1 Global Language Service Market by Region (EMEA (Europe, Middle East and Africa) and America & Asia-Pacific)
3.3.2 European Language Service Companies by Sales Volume
3.3.3 European Language Service Companies by Vertical

4. Market Dynamics

4.1 Growth Drivrs
4.1.1 Increasing Globalization
4.1.2 Growing E-Commerce
4.1.3 Increasing Online and Offline Content Volume
4.1.4 Emergence of new markets with specific language requirements
4.1.5 Growing Demand for CAT Software
4.1.6 Rising Regulatory Translations

4.2 Challenges
4.2.1 Data Security
4.2.2 High Pricing Pressure
4.2.3 Getting Mobile Application and Social Media Savvy

4.3 Market Trends
4.3.1 Importance of Video Translation
4.3.2 Demand for Neural Machine Translation Tools
4.3.3 Subtitling, Dubbing, Captioning and Voice-Over
4.3.4 More Relevant ISO Certification

5. Competitive Landscape

5.1 Global Language Service Market: Competitive Landscape

5.1.1 Global Language Service Market by Top 100 Player Share
5.1.2 Global Language Service Market by Top 20 Player

6. Company Profiling

6.1 TransPerfect
6.1.1 Business Overview
6.1.2 Business Strategy

6.2 Lionbridge
6.2.1 Business Overview
6.2.2 Business Strategy

6.3 LanguageLine Solutions
6.3.1 Business Overview
6.3.2 Business Strategy

6.4 RWS Holding
6.4.1 Business Overview
6.4.2 Financial Overview
6.4.3 Business Strategy

List of Figures

Figure 1: Benefits of Working with a Small-Scale Language Service Provider
Figure 2: Elements Required for Selection of a Language Services Provider
Figure 3: End-Users of Language Services
Figure 4: Global Language Service Market by Value; 2015-2018 (US$ Billion)
Figure 5: Global Language Service Market by Value; 2019-2023 (US$ Billion)
Figure 6: Global Language Service Market by Growth Rate; 2012-2017 (Percentage, %)
Figure 7: Global Top 100 Language Service Companies by Region; 2018 (Percentage, %)
Figure 8: Global Language Service Market by Segment (Translation and transcreation, Interpreting, Localization services & Other services); 2018 (Percentage, %)
Figure 9: Global Translation, Localization and Transcreation Market; 2017-2018 (US$ Billion)
Figure 10: Global Translation, Localization and Transcreation Market; 2019-2023 (US$ Billion)
Figure 11: Global Interpreting and Other Language Services; 2017-2018 (US$ Billion)
Figure 12: Global Interpreting and Other Language Services; 2019-2023 (US$ Billion)
Figure 13: Global Language Service Market by Region (EMEA (Europe, Middle East and Africa) and America & Asia-Pacific); 2017 (Percentage, %)
Figure 14: European Language Service Companies by Sales Volume; 2017 (Percentage, %)
Figure 15: European Language Service Companies by Vertical; 2017 (Numbers)
Figure 16: Global KOF Globalization Index; 2017 (Percentage, %)
Figure 17: Global Digital Buyers; 2016-2021 (Billion)
Figure 18: Global Internet Users; 2017 (Billion)
Figure 19: Emerging Economies Worldwide; 2018 (Percentage, %)
Figure 20: Daily Online Video Penetration Rate; January 2018
Figure 21: Global Machine Translation Tools; 2017-2024 (US$ Million)
Figure 22: Global Language Service Market by Top 100 Player Share; 2018 (Percentage, %)
Figure 23: RWS Holding Revenue; 2013-2017 (US$ Million)
Figure 24: RWS Holding Revenue by Segment; 2017 (Percentage, %)
Figure 25: RWS Holding Revenue by Region; 2017 (Percentage, %)
Table 1: Difference Between CAT Tools and Machine Translations
Table 2: Top 20 Language Service Providers: 2018

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

Please Choose License Type

USD $800
USD $1400
Offer

Why Us

  • Why Us In-depth database
    Our Report’s database covers almost all topics of all regions over the Globe..
  • Why Us Recognised publishing sources
    Tie ups with top publishers around the globe.
  • Why Us Customer Support
    Complete pre and post sales support.
  • Why Us Safe & Secure
    Complete secure payment process.