Press release
Translation Service Market Analysis by Service Type, by Vertical | Tot Key Players Are Lionbridge (U.S.), TransPerfect (U.S.), SDL (UK), Net-Translators (U.S.), GlobaLexicon (UK), Foreign Translations (U.S.), LanguageLine Solutions (U.S.), Cuttingedge Tra
The translation service industry is anticipated to develop at a sound 8.6% CAGR in the conjecture time frame (2020-2027), states the most recent Market Research Future (MRFR) report.
Drivers
Utilization of AI for Machine Translation to Boost Market Growth
Utilization of artificial intelligence (AI) by driving associations as machine interpretation for diminishing the expenses of interpretation will help market development over the figure time frame. The AI-empowered mechanized interpretation stages, for example, Microsoft Translator, Google Translate and Amazon Translate have taken immense jump forward in interpretation precision.
Open doors
Developing Need for Translation of Websites to offer Robust Opportunities
The expanding need for interpretation of sites and networks content will offer strong open doors for the market in the estimate time frame.
Restrictions
Low Need from Underdeveloped Countries to go about as Market Restraint
The low necessity of interpretation administrations from immature nations might go about as a market limitation over the figure time frame.
Significant expense to go about as Market Challenge
The significant expense of interpretation administrations might go about as a market challenge over the conjecture time frame.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/1400
Segmentation:
The global translation service market has been segmented based on service type, operation type, application basis, and component.
By component, the translation service market is segmented into software and hardware.
By application basis, the translation service market is segmented into government, healthcare, commercial, IT and telecommunication, automotive, and others.
By operation type, the translation service market is segmented into technical translation and machine translation.
By service type, the translation service market is segmented into interpretation service and written translation services.
COVID-19 Analysis
The translation services market has been marginally impacted by the lockdowns owing to the COVID-19 pandemic as the majority of the translators are working from home through digital documents. On the contrary, the interpreters that offer such services in person at international events, conferences, and symposia are experiencing difficulties, as worldwide businesses are not permitted in hosting delegations of partners & foreign clients in conference halls and executive briefing centers. A good number of corporate events had been cancelled or postponed for the outbreak. Besides, relevant documentation, accurately translated, dispersed, and transcribed world over is likely to help experts in collaborating to prevent the spreading of the virus.
Regional Analysis
North America to Precede Translation Service Market
North America will precede the market over the forecast period. Change in government and its policies, partnerships between start-ups and service providers to conduct fresh methodologies, presence of several key players, high adoption of translation services by security agencies and government for identifying and interpreting radio signals and messages, and the increasing use of advanced translation services in the field of analytics are adding to the global translation service market growth in the region.
Key Players
Eminent players profiled in the global translation services market report include Lionbridge (U.S.), TransPerfect (U.S.), SDL (UK), Net-Translators (U.S.), GlobaLexicon (UK), Foreign Translations (U.S.), LanguageLine Solutions (U.S.), Cuttingedge Translation Services Pvt. Ltd (India), Global Language Solutions, Inc. (U.S.), Ingco International (U.S.), CLS Communication (Switzerland), Dynamic Language (U.S.), Zaharicom, Inc (U.S.), Babylon Software Ltd (Israel), Gengo (U.S.), Global Language Solutions, Inc. (U.S.), Mars Translation Services (China), Straker Translations (U.S.) among others.
Industry Updates
Zoom will acquire Kites that develop real-time machine translation software. The goal of the acquisition is in providing multi-language translation capabilities for Zoom users for video calls.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/translation-service-market-1400
Global Translation Service Market Research by Service Type (Written Translation Services, Interpretation Service), By Operation Type (Technical Translation, Machine Translation), By Component (Hardware and Software) Application - Forecast to 2027
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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 Translation Service Market Analysis by Service Type, by Vertical | Tot Key Players Are Lionbridge (U.S.), TransPerfect (U.S.), SDL (UK), Net-Translators (U.S.), GlobaLexicon (UK), Foreign Translations (U.S.), LanguageLine Solutions (U.S.), Cuttingedge Tra here
News-ID: 2525041 • Views: …
More Releases from Market Research Future
Glue Machine Market to Reach USD 14.9 Billion by 2035, Growing at 4.56% CAGR
The Glue Machine Market is witnessing significant growth due to the increasing adoption of adhesive technologies across various industries, including packaging, woodworking, automotive, furniture, and construction. Valued at USD 9.15 billion in 2024, the market is projected to reach USD 14.9 billion by 2035, registering a CAGR of 4.56% between 2025 and 2035.
Glue machines, also known as adhesive application machines, are critical for efficiently dispensing adhesives in industrial and commercial…
Expansion Valves Market to Reach USD 5.39 Billion by 2035, Growing at 4.62% CAGR
The expansion valves market is witnessing steady growth due to increasing demand for efficient heating, ventilation, air conditioning, and refrigeration (HVACR) systems across residential, commercial, and industrial sectors. Valued at USD 3.28 billion in 2024, the market is projected to reach USD 5.39 billion by 2035, growing at a CAGR of 4.62% between 2025 and 2035.
Expansion valves, also known as thermostatic expansion valves (TXVs) or electronic expansion valves (EEVs), are…
Cheese Packaging Market to Reach USD 101.31 Billion by 2034, Growing at 3.50% CA …
The Cheese Packaging Market is poised for steady growth over the next decade due to rising demand for dairy products, evolving consumer preferences, and increasing focus on food safety and sustainability. According to recent estimates, the market was valued at USD 71.87 billion in 2024 and is projected to reach USD 101.31 billion by 2034, growing at a compound annual growth rate (CAGR) of 3.50% between 2025 and 2034.
Cheese packaging…
Maritime Market to Reach USD 2,920 Billion by 2035, Growing at 2.69% CAGR
The Maritime Market is a cornerstone of international trade, logistics, and economic connectivity, serving as the backbone of global commerce. Valued at USD 2,181.1 billion in 2024, the market is projected to expand to USD 2,920 billion by 2035, registering a steady CAGR of 2.69% between 2025 and 2035. Despite modest growth, the industry's scale and importance are unmatched, as more than 80% of global trade volume is carried by…
More Releases for Translation
Professional Translation Services | Mars Translation
In an era where globalization has become a driving force behind business expansion, effective communication across languages and cultures is no longer a luxury-it is a necessity. Companies aiming to succeed in international markets face the critical challenge of connecting with diverse audiences while maintaining the authenticity of their brand message. This is where Mars Translation steps in. As a leading provider of translation and localization services, Mars Translation has…
ITU Translation Promise 100% Quality Guaranteed on Translation Services in Miami
ITU Translation provides professional translation services in Miami at the most competitive rates in the industry, now offering 100% Quality Guaranteed on their translation services. They have vast experience translating a wide range of content types.
ITU Translation provides transcription services in over 150 languages for all industries and professions at an affordable rate. They specialize in legal transcription, academic research transcription, financial, insurance and investigation transcription.
Their clients upload their dictation,…
ITU Translation – Translation Agency Based In Miami Launches New Website
2017 has been an eventful year for ITU Translation, the leading provider for document translation services and language services in Miami because they conclude the year by upgrading their abilities to provide a complete digital experience to document translation services.
ITU Translation has created a new website to make its services more easily available to worldwide and local businesses located in Miami who are searching for a translation agency at their…
ITU Translation Services Launches Translation Services in Miami
ITU Translation Services is the one-stop translation company happy offering translation services in Miami and Florida. Miami is rich in culture. The mixture of nationalities, languages, and cultures is what makes Miami beautiful. In Miami of most places, we understand that communication is important. In a city packed with various languages and nationalities, not understanding each other is not a solution. ITU Translation Services have discovered solutions to connect the…
Translation Express is Technology-Powered by Projetex Translation Management Sys …
Translation Express, one of the most recognized companies in Singapore and ASEAN countries, became powered by Projetex: Translation Management System for Translation Agencies by AIT. Projetex was selected to support the Translation Express business with the top-notch up-to-date workflow solutions.
The main feature of Translation Express has been in undertaking the task of translation only by professionally-qualified translators working into their mother-tongue. More than 200 Translation Express linguists are located…
Translation Services USA Releases Translation Cloud Facebook App
Translation Services USA, a trusted provider of professional translations has launched the Translation Cloud Facebook App, the latest addition to the companies quickly expanding list of language resources and tools. Harnessing the power of Facebook’s 550M users, Translation Cloud is a fresh and easy-to-use platform for freelance translators and can be used all over the world.
Translation Cloud boasts a simplified sign-up process, taking no more than 5 minutes to complete.…
