Press release
Translation Service Market 2022 | Historical Analysis, Segmentation, Application, Technology, and Opportunities Till 2030
Along with significant data and other pertinent information, the study evaluates the competitive landscape and global market growth trend based on the business overview and helps businesses and investment organizations better grasp the market's growth characteristics.
The Global Translation Service Market size is forecast to grow to US$ 81,647.4 million by 2030, registering a compound annual growth rate (CAGR) of 6.7% during the forecast period from 2022 to 2030.
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Regional Analysis
North America is forecast to emerge as the largest shareholder in the industry in terms of revenue. The growth of the market is attributable to various factors, including early adoption of advanced technology, growing investments in the sector, and rising infrastructural development. Furthermore, the Asia-Pacific market for information technology will also grow steadily due to growing spending by government bodies. Additionally, increasing initiatives to improve infrastructure will also drive the market forward.
COVID-19 Impact
The COVID-19 outbreak forced many organizations to adapt to digital methods, which rapidly accelerated digital transformation. Work environments changed abruptly as remote work became the new normal among organizations. As a result, it is forecast to strengthen the potential scope of the information technology market in the coming years. This report by Astute Analytica covers all the factors depicting the impact of the pandemic.
Major Key Players in the Translation Service Market are:
BIG Language Solutions
Certified Languages International
Global Talk
Keyword Studios
Other Prominent Players
Segmental Analysis:
The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the Translation Service Market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the market's overall size.
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Segmentation Overview
By Service
Medical
Financial
Judicial
Technical Translation
Administrative Translation
Website Translation
Others
By Technology
Machine Translation (MT)
Rule-Based Machine Translation (RBMT)
Neural machine translation
Computer-Assisted Translation (CAT)
Human
Written Translation
Literary Translation
By Deployment
Cloud
On-Premises
By Industry
Travel & Tourism
Automotive
Banking & Finance
Healthcare
Legal
Others
By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
South Korea
Thailand
Vietnam
Australia & New Zealand
ASEAN
Rest of Asia pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
UAE
Saudi Arabia
South Africa
Rest of MEA
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About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
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