The global language services market is poised to grow by US$ 21.67 billion during 2021-2025, progressing at a CAGR of 6.64% during the forecast period.
The market is driven by technology adoption to enhance language translation process efficiency and increased government spending on language services. The study identifies the globalization of businesses as one of the prime reasons driving the language services market growth during the next few years.
This report on the language services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment.
The global language services market is segmented as below:
By Geographical Landscape
The report covers the following areas:
Language services market sizing
Language services market forecast
Language services market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading language services market vendors that include:
Iyuno SDI Group
Keywords Studios PLC
Lionbridge Technologies LLC
TransPerfect Global Inc.
Also, the language services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
Key Topics Covered
Value chain analysis
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020-2025
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by End-user
Comparison by End-user
Healthcare - Market size and forecast 2020-2025
ICT - Market size and forecast 2020-2025
BFSI - Market size and forecast 2020-2025
Government - Market size and forecast 2020-2025
Others - Market size and forecast 2020-2025
Market opportunity by End-user
Europe - Market size and forecast 2020-2025
North America - Market size and forecast 2020-2025
APAC - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025