NEW YORK, July 20, 2021 /PRNewswire/ --
The global language services market size is expected to grow by USD 21.67 billion during 2021-2025, progressing at a CAGR of 6.64% during the forecast period.
NEW YORK, July 20, 2021 /PRNewswire/ --
The global language services market size is expected to grow by USD 21.67 billion during 2021-2025, progressing at a CAGR of 6.64% during the forecast period.
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The technology adoption to enhance language translation process efficiency is one of the major factors propelling market growth. However, factors such as shortage of professional translators may impede market growth.
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Global Language Services Market: End-user Landscape
The language services market share growth by the healthcare segment has been significant.
Global Language Services Market: Geographic Landscape
The US is a key market for language services in North America. 31% of the market's growth will originate from North America during the forecast period. The globalization of businesses has been identified as one of the chief factors that will drive the language services market growth in North America over the forecast period.
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Language Services Market 2021-2025: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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