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Translation Services Market by Size, Trend, Demand & Global Industry Analysis by Top Service Provider(Mission Essentials, LanguageLine, Lionbridge, Alchemy, Lingotek, Moravia, TransPerfect, STAR Group, Welocalize)

03-08-2019 01:11 PM CET | Fashion, Lifestyle, Trends

Press release from: Decision Market Reports

Translation Services Market

Translation Services Market

Global Translation Services Market was valued at USD 37.26 billion in 2017 and is projected to reach USD 43.91 billion by 2025, growing at a CAGR of 2.1% from 2018 to 2025. At Decision Market Research, we provide a market study that encompasses both qualitative and quantitative assessments of latest trends for the market segmentations classified by our analysts.

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Translation is a mode of conveying one form of language in other. With growing customer outreach the need for translation services has been accelerated to satisfy the needs of the customers based on their preferences of language. It has been observed that various companies has been opting for the translation services in order to provide comfort to their national as well as international clients. This mode of services require an integrated platform of big data analytics and cloud computing so that the data can be accessible from anywhere and the storage capacity is also increased and is more efficient.

The adoption of translation services by various industries as well as government agencies and increase in digitization and has boosted the market. These characteristics are the main drivers for the global translation services market as it makes the digital world simpler for the customers. Increased complexity in the type of platform used to develop such services and high cost for the development has affected the industries at a global level.

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The “Global Translation Services Market t” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Mission Essentials, LanguageLine, Lionbridge, Alchemy, RR Donnelley, Lingotek, PROZ/KUDOZ, Moravia, TransPerfect, STAR Group, Welocalize, CLS Communication, Thebigword Group, Logos Group, Yamagata and Semantix. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.

As a part of market estimation, the study also comprises a list of tables and figures for the “Global Translation Services Market” which focuses on a constructive knowledge essential for the companies or individuals interested in the market study report. As a part of market segmentation, our study exhibits a market analysis on the basis of type, industry application and geography.

On the basis of type, the Global Translation Services Market can be categorized into two sections; application and type. This market study analyses the industry for Global Translation Services is based on these divisions. The Global Translation Services types are divided into classification of translation services by type and global translation services market size comparison type. The industry is then sectioned by application which includes legal, financial and banking, medical, tourism and travel and others. In terms of geography, Asia Pacific accounts for the fastest growing market due to the presence of numerous developing countries in this region along with their emerging markets. The Chinese market has a major share in this region.

Table of Contents

Chapter 1 Global Translation Services Market Overview 8
1.1. Translation Services Market Overview 8
1.2. Classification of Global Translation Services Market 9
1.3. Global Translation Services Market Size, 2012 – 2022 (USD Billion) 10
1.4. Global Translation Services Market Size Comparison by Application, 2016 (USD Billion) 11
1.5. Global Translation Services Market Share by Application, 2016 12
1.6. Global Translation Services Market Size Comparison, by Type, 2016 Vs 2022 13
1.7. Global Translation Services Market Share, by Type, 2016 14

Chapter 2 Global Translation Services Market, by Application 15
2.1. Translation Services Market, by Application 15
2.1.1. Global Translation Services Market Size Comparison Application, 2012 Vs 2022, USD Billion 16
2.1.2. Legal 16
2.1.3. Financial & Banking 17
2.1.4. Medical 18
2.1.5. Tourism & Travel 19
2.1.6. Others 20

Chapter 3 Global Translation Services Analysis, by Type 22
3.1. Classification of Translation Services by Type 22
3.2. Global Translation Services Market Size Comparison by Type (2015 – 2025) 23
3.2.1. Written translation services 23
3.2.2. Interpretation Services 24
3.2.3. Others 25

Chapter 4 Global Translation Services Market Dynamics 27
4.1. Market Dynamics 27
4.1.1. Drivers 27
4.1.1.1. Growing Trends of Engaging Local Markets in Business 27
4.1.1.2. Technological Developments in the Translation Industry 27
4.1.1.3. Growing Demand for Freelancers 28
4.1.2. Restraints 28
4.1.2.1. Low demand from Under-developed Countries 28
4.1.3. Opportunity 29
4.1.3.1. Increasing interest of major firms in Language Service Providers 29

Chapter 5 Global Translation Services Players/Manufacturers Profiles and Sales Data 30
5.1. Mission Essential 30
5.1.1. Company Details 30
5.1.2. Financial Overview 30
5.1.3. Mission Essentials Global Translation Services Portfolio 31
5.1.4. Main Business Overview 31
5.2. LanguageLine 32
5.2.1. Company Details 32
5.2.2. LanguageLine Financial Overview 32
5.2.3. LanguageLine Translation Services Portfolio 32
5.2.4. Main Business Overview 33
5.3. Lionbridge 34
5.3.1. Company Details 34
5.3.2. Lionbridge Financial Overview 34
5.3.3. Lionbridge Global Translation Services Portfolio 34
5.3.4. Main Business Overview 35
5.4. Alchemy 36
5.4.1. Company Details 36
5.4.2. Financial Overview 36
5.4.3. Alchemy Translation Services Portfolio 36
5.4.4. Main Business Overview 36
5.5. RR Donnelley 37
5.5.1. Company Details 37
5.5.2. RR Donnelley Financial Overview 37
5.5.3. RR Donnelley Translation Services Portfolio 38
5.5.4. Main Business Overview 38
5.6. Lingotek 39
5.6.1. Company Details 39
5.6.2. Financial Overview 39
5.6.3. Lingotek Translation Services Portfolio 39
5.6.4. Main Business Overview 39
5.7. PROZ/KUDOZ 40
5.7.1. Company Details 40
5.7.2. Financial Overview 40
5.7.3. PROZ/KUDOZ Translation Services Portfolio 40
5.7.4. Main Business Overview 40
5.8. Moravia 41
5.8.1. Company Details 41
5.8.2. Financial Overview 41
5.8.3. Services Portfolio 41
5.8.4. Main Business Overview 42
5.9. TransPerfect 43
5.9.1. Company Details 43
5.9.2. Financial Overview 43
5.9.3. Services Portfolio 43
5.9.4. Main Business Overview 44
5.10. STAR Group 45
5.10.1. Company Details 45
5.10.2. Financial Overview 45
5.10.3. Services Portfolio 45
5.10.4. Main Business Overview 45
5.11. Welocalize 46
5.11.1. Company Details 46
5.11.2. Financial Overview 46
5.11.3. Services Portfolio 46
5.11.4. Main Business Overview 46
5.12. CLS Communication 47
5.12.1. Company Details 47
5.12.2. Financial Overview 47
5.12.3. Services Portfolio 47
5.12.4. Main Business Overview 47
5.13. Thebigword Group 48
5.13.1. Company Details 48
5.13.2. Financial Overview 48
5.13.3. Services Portfolio 48
5.13.4. Main Business Overview 48
5.14. Logos Group 49
5.14.1. Company Details 49
5.14.2. Financial Overview 49
5.14.3. Services Portfolio 49
5.14.4. Main Business Overview 49
5.15. Yamagata 50
5.15.1. Company Details 50
5.15.2. Financial Overview 50
5.15.3. Services Portfolio 50
5.15.4. Main Business Overview 50
5.16. Semantix 51
5.16.1. Company Details 51
5.16.2. Financial Overview 51
5.16.3. Services Portfolio 51
5.16.4. Main Business Overview 51

Chapter 6 Global Translation Services Market Competition, by Vendor 53
6.1. Introduction 53
6.2. Global Translation Services Revenue and Share by Service Providers, 2016 53

Chapter 7 Global Translation Services Market, by Region 55
7.1. Classification of Translation Services Market, by Region 55
7.2. Global Translation Services Market (Revenue) and Market Share by Regions 56
7.2.1. Global Translation Services Market Revenue by Regions (2015 – 2025) 56
7.2.2. Global Translation Services Market Share by Regions (2016) 57

Chapter 8 North America Translation Services Market, by Country 59
8.1. North America Translation Services Market Revenue (2012 – 2022) 59
8.1.1. North America Translation Services Market, by Country, 2012 – 2022 (USD Billion) 60
8.1.2. North America Translation Services Market by Application, 2012 Vs 2022, USD Billion 61
8.1.3. North America Translation Services Market by Type, 2012 Vs 2022, USD Billion 62
8.2. U.S. 63
8.2.1. U.S. Translation Services Market by Application, 2012 Vs 2022, USD Billion 63
8.2.2. U.S. Translation Services Market by Type, 2012 Vs 2022, USD Billion 64
8.3. Canada 65
8.3.1. Canada Translation Services Market by Application, 2012 Vs 2022, USD Billion 65
8.3.2. Canada Translation Services Market by Type, 2012 Vs 2022, USD Billion 66

Chapter 9 Europe Translation Services Market by Countries 67
9.1 Europe Translation Services Market Revenue (2012 – 2022) 67
9.1.1 Europe Translation Services Market Revenue, by Country, 2012 -2022 (USD Billion) 68
9.1.2 Europe Translation Services Market by Application, 2012 Vs 2022, USD Billion 69
9.1.3 Europe Translation Services Market by Type, 2012 Vs 2022, USD Billion 70
9.2 Germany 71
9.2.1 Germany Translation Services Market by Application, 2012 Vs 2022, USD Billion 71
9.2.2 Germany Translation Services Market by Type, 2012 Vs 2022, USD Billion 72
9.3 UK 73
9.3.1 UK Translation Services Market by Application, 2012 Vs 2022, USD Billion 73
9.3.2 UK Translation Services Market by Type, 2012 Vs 2022, USD Billion 74
9.4 France 75
9.4.1 France Translation Services Market by Application, 2012 Vs 2022, USD Billion 75
9.4.2 France Translation Services Market by Type, 2012 Vs 2022, USD Billion 76

Chapter 10 Asia Pacific Translation Services Market, by Country 77
10.1 Asia Pacific Translation Services Market Revenue (2012 – 2022) 77
10.1.1 Asia Pacific Translation Services Market Revenue, by Country, 2012 -2022 (USD Billion) 78
10.1.2 Asia Pacific Translation Services Market by Application, 2012 Vs 2022, USD Billion 80
10.1.3 Asia Pacific Translation Services Market by Type, 2012 Vs 2022, USD Billion 81
10.2 China 82
10.2.1 China Translation Services Market by Application, 2012 Vs 2022, USD Billion 82
10.2.2 China Translation Services Market by Type, 2012 Vs 2022, USD Billion 83
10.3 Japan 84
10.3.1 Japan Translation Services Market by Application, 2012 Vs 2022, USD Billion 84
10.3.2 Japan Translation Services Market by Type, 2012 Vs 2022, USD Billion 85
10.4 India 86
10.4.1 India Translation Services Market by Application, 2012 Vs 2022, USD Billion 86
10.4.2 India Translation Services Market by Type, 2012 Vs 2022, USD Billion 87
10.5 Southeast Asia 88
10.5.1 Southeast Asia Translation Services Market by Application, 2012 Vs 2022, USD Billion 88
10.5.2 Southeast Asia Translation Services Market by Type, 2012 Vs 2022, USD Billion 89

Chapter 11 Latin America Translation Services Market, by Countries 90
11.1 Latin America Translation Services Market Revenue (2012 – 2022) 90
11.1.1 Latin America Translation Services Market, by Country, 2012 – 2022 (USD Billion) 91
11.1.2 Latin America Translation Services Market by Application, 2012 Vs 2022, USD Billion 91
11.1.3 Latin America Translation Services Market by Type, 2012 Vs 2022, USD Billion 92
11.2 Brazil 93
11.2.1 Brazil Translation Services Market by Application, 2012 Vs 2022, USD Billion 93
11.2.2 Brazil Translation Services Market by Type, 2012 Vs 2022, USD Billion 94
Chapter 12 Rest of the World Translation Services Market 95
11.3 Rest of the World Translation Services Market Revenue (2012 – 2022) 95
11.3.1 Rest of the World Translation Services Market by Application, 2012 Vs 2022, USD Billion 95
11.3.2 Rest of the World Translation Services Market by Type, 2012 Vs 2022, USD Billion 97

Chapter 13 Research Findings and Conclusions 98

Chapter 14 Research Methodology and Data Sources 99

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