Press release
Language Services Market 2024: Production Analysis, Technology Trends, Growth Strategies, Key Manufacturers, Regional Demand and Forecast Outlook
MarketReportsOnline.com the exclusive leading provider of market research reports published research report on “Global Language Services Market (Translation, Interpretation & Speech Recognition): Insights & Forecast with Potential Impact of COVID-19 (2020-2024)”.The global language services market is forecasted to reach US$76.99 billion in 2024, growing at a CAGR of 7.92% for the period spanning 2020-2024. The factors such as accelerating economic activities, increasing online video content demand, improving consumer confidence index, growing pharmaceutical sales and rapid globalization are expected to drive the market.
Get Free Exclusive PDF Sample Copy of This Global Language Services Market Report at https://www.marketreportsonline.com/contacts/requestsample.php?name=834337.
However, growth of the industry would be challenged by growth in stringent regulations and intense competition. Few notable trends include increasing content localization, technological advancements and increased consolidation of market players. In 2020, the outbreak of COVID-19 pandemic has created an favorable impact on the market as the virtual language service providers have been increased rapidly.
Language services can be classified into text-to-text (language translation), speech-to-speech (interpreting spoken speech to another) and speech-to-text (conversion of words to text).
The fastest growing regional market is Europe owing to rise in use of voice recognition in multifactor authentication systems in BFSI, government & defence verticals, growth in freelance translators and rapid medical tourism.
Scope of the report:
The report provides a comprehensive analysis of the global language service market, segmented into translation, interpretation and speech recognition services.
The major regional markets (Europe, North America and Asia-Pacific) have been analysed.
The market dynamics such as growth drivers, market trends and challenges are analysed in-depth.
The competitive landscape of the market, along with the company profiles of leading players (TransPerfect, Lionbridge Technologies, Inc., LanguageLine Solutions, RWS Group,
Appen Limited and Keywords Studios Plc) are also presented in detail.
Inquire more before buying this report at https://www.marketreportsonline.com/contacts/inquirebeforebuying.php?name=834337.
Key Target Audience:
• Language Service Providers
• End Users
• Consulting Firms
• Investment Banks
• Government Bodies & Regulating Authorities
Direct Purchase a copy of this “Global Language Services Market 2024” report at https://www.marketreportsonline.com/contacts/purchase.php?name=834337.
E-mail: sales@marketreportsonline.com
Phone: +1 888 391 5441
MarketReportsOnline.com is your one stop market research and industry analysis reports' library providing business data and intelligence information on thousands of micro markets with global as well as regional coverage. Category focused research, country reports, company profiles, regional and global industry profiles and guides to premium reports offering extensive coverage of other 20+ industries are all available in our library of syndicated market research reports.
We provide 24/7 online and offline support to our customers.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Language Services Market 2024: Production Analysis, Technology Trends, Growth Strategies, Key Manufacturers, Regional Demand and Forecast Outlook here
News-ID: 2220990 • Views: …
More Releases from MarketReportsOnline
US Lettuce & Chicory Market Key Players, Exports & Imports, Size, Share, Demands …
The US lettuce and chicory market is forecasted to reach US$5.09 billion in 2026, experiencing growth at a CAGR of 2.62% during the period spanning from 2022 to 2026. Growth in the lettuce and chicory market is supported by factors such as rising population, rising middle class spending, shift towards veganism/ vegetarianism, increasing awareness regarding the health benefit of chicory and rising social media influence. However, the market growth is…
Global Breast Biopsy Market - Hologic, Danaher Corporation, Becton, Dickinson & …
The global breast biopsy market is forecasted to reach US$1.75 billion in 2025, experiencing growth at a CAGR of 8.56% for the period spanning 2022-202. Growth in the global breast biopsy market was supported by factors such as increasing prevalence of breast cancer and rising female population aged 65 or above. Growing adoption of liquid biopsy is likely to have a positive impact on the global breast biopsy market. However,…
Global Contract Development & Manufacturing Organization Market - Catalent, Inc. …
The global Contract Development & Manufacturing Organization (CDMO) market is estimated to reach US$246.6 billion in 2026, growing at a CAGR of 9.31%, for the period spanning 2022-2026. The factors such as increasing per capita disposable income, increasing global healthcare expenditure, rising aging population, increasing R&D spending, growing number of new drugs, rise in investments and strategic collaborations and growing demand for pharmaceutical products are expected to drive the market.…
Korean Gaming Market (Mobile, PC and Console) - Netmarble, Pearl Abyss, NCSoft, …
The Korean gaming market is anticipated to reach US$20.98 billion in 2026, growing at a CAGR of 6.21% during the period spanning 2022-2026. After the U.S., China, and Japan, it is the fourth largest market, accounting for more than 6% of the worldwide gaming industry in 2021.
The growth in the market has been driven by factors like rising smartphone penetration, rapid urbanization, rising gaming subscribers' penetration rate, expansion of MMORPGs,…
More Releases for Language
Natural Language Processing: Revolutionizing Healthcare AI Market Through Langua …
The healthcare industry is undergoing a digital transformation, with Artificial Intelligence (AI) playing a pivotal role in improving patient care, streamlining operations, and accelerating research. Within this dynamic landscape, Natural Language Processing (NLP) stands out as a high-opportunity segment, offering the potential to unlock valuable insights from vast amounts of unstructured text data.
Market Dynamics and Growth Drivers
Healthcare generates a massive volume of unstructured data, including electronic health records (EHRs), clinical…
Language Services Market 2019-2023 By Lionbridge, Mayflower Language Services, R …
Global Language Services Market 2018-2023:
The global Language Services Market was valued at XX million $ in 2017 and is predicted to be XX million $ by the end of 2023. Because of technical advancement and availability of wide range of products & services, years from 2018 to 2023 compound annual growth rate (CAGR) is expected to be XX%.The global Language Services Market report includes key market players and provides industry…
Language Services Market 2018 Global Analysis of Key vendors – Lionbridge, May …
ReportsWeb Adds “Global Language Services Market” offers an up-to-date analysis of the Market with regards to the innovations, current competitive landscape and latest trends and drivers, to provide new predictions for the forecast period.
2018-2023 Global Language Services Market Report Status and Outlook
This report presents a comprehensive overview, market shares and growth opportunities of Language Services market by product type, application, key companies and key regions.
The language industry is the sector…
Language Services Market 2018 Global Analysis By Key Players -Lionbridge, Mayflo …
2018-2023 Global Language Services Market Report Status and Outlook
This report presents a comprehensive overview, market shares and growth opportunities of Language Services market by product type, application, key companies and key regions.
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…
Language Services Market by Top Companies – Lionbridge, Mayflower Language Ser …
A recent study about “Global Language Services Market”, which has shown the developmental cycle of the additionally examined causes leading to improved development through drivers, restraints, and opportunities made available for the firms aiming to grow their standing in the market. The industry patterns are carefully examined by understanding the upcoming trends and how will they affect the products demand in the future.
The language industry is the sector of…
Language Connect are crowned Business Language Champions
Language Connect has completed the first in a planned series of interactive school workshops aimed at encouraging secondary school pupils to realise the benefits of language learning.
Language Connect devised the workshops in close collaboration with the Convent of Jesus and Mary Language College in Willesden, London to educate its students about career opportunities in the translation and interpreting services industry. The workshops confirm Language Connect’s commitment to support the…
