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Translation Service Market to witness growth opportunities at a growth rate of 2.37 percent during the forecast period (2022-29)
Translation Service Market
Translation Service Market Report Scope and Research Methodology
The report offers an overview of the Translation Service market share and rival sectors, as well as an analysis of the major vendors and leading regions. The report includes the historical trends, revenue, capacity, cost structure, and major drivers of the Translation Service market. The report provides the Translation Service market's present size, growth rates, and company profiles of the top players and producers. The bottom-up approach was employed to estimate the Translation Service market size by value and volume. An in-depth analysis of the regional environment is included, along with information on the potential, important growth indicators, geographical challenges, and threats facing the Translation Service market.
The report provides a thorough analysis and reliable revenue information on the market players in the Translation Service Market. The report contains the primary and secondary data collection methods and analyzes the Translation Service market through qualitative and quantitative approaches. The PORTER five force analysis is used in the report for understanding the effect of the microeconomic factors on the Translation Service Market.
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Translation Service Market Dynamics
The Translation Service Market is driven by globalization, an increase in the demand for language conversion services, a rise in research and development activities and technological advancements. The growing need for free translation services in Google translation and increasing demand from emerging technology are also influencing factors for the market growth. The Translation Service Market is restrained by the high cost of the Translation Service and low requirements from underdeveloped countries.
Translation Service Market Regional Insights
In 2021, Europe dominated with the largest market share and is expected to grow at a CAGR of 2.45 percent. The regional market growth is driven by the growing popularity of the translation process of the Machine Translation Post-Editing (MTPE) and Artificial Intelligence (AI). During the forecast period, North America is expected to develop the Translation Service due to an increase in the demand for language conversion services and the presence of the major market players.
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Translation Service Market Segmentation
By Type
Written Translation Services
Interpretation Services
Others
By Application
Legal
Financial & Banking
Medical
Tourism & Travel
Others
Translation Service Market Key Players include:
Language Line Solutions
Lionbridge
TransPerfect
SDL
GlobaLexicon
Global Language Solutions, Inc
Ingco International
Straker Translations
Mars Translation Services
Gengo
Welocalize
One Hour Translation
Text Master
Semantix
Lingotek
Yamagata Corporation
Day Translations
Mission Essential
Logos Group
STARS Group
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Table of for Global Translation Service Market:
Global Translation Service Market: Research Methodology
Global Translation Service Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Translation Service Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Translation Service Market Segmentation
Global Market, by Type (2021-2029)
Global Market, by Application (2021-2029)
Regional Global Translation Service Market(2021-2029)
Regional Market, by Type (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis of the Type, Application and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
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