Press release
Translation Services Market Is Likely To Experience Growth Exponentially By 2032
Translation Services Market
Translation Services Market Size, Growth Rate, And Forecast
The global translation services market size is expected to grow from $22.72 billion in 2022 to $23.66 billion in 2023 at a compound annual growth rate (CAGR) of 4.1%. The translation services market size is expected to reach $27.86 billion in 2027 at a CAGR of 4.2%.
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Translation Services Market Drivers
An increase in demand for non-English languages is expected to propel the growth of the translation services market. The range of translation services is expanding in order to meet client demands based on preferred languages.
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Translation Services Market Segments
• By Type: Written Translation Services, Interpretation Services, Other Translation Services Types
• By Component: Hardware, Software
• By Operation Type: Technical Translation, Machine Translation
• By Application: Legal, Medical, Financial And Banking, Tourism And Travel, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the translation services market.
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Translation Services Market Key Players
Major competitors in the translation services market include TransPerfect Translations, Lionbridge Technologies Inc., LanguageLine Solutions, Semantix AS, Logos Group, Lingotek, Yamagata Corporation, RWS Group, Simple DirectMedia Layer, Welocalize, Mission Essential, Gengo, Text Master, One Hour Translations, Babylon Software Ltd., Propio Language Services, Ingco International, CLS Communications, Thebigword Holdings Ltd., and Day Translations.
The Business Research Company's "Global Translation Services Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Translation Services Market Include:
1. Executive Summary
2. Translation Services Market Characteristics
3. Translation Services Market Trends And Strategies
4. Translation Services Market - Macro Economic Scenario
5. Translation Services Market Size And Growth
……
26. Africa Translation Services Market
27. Translation Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Translation Services Market
29. Translation Services Market Future Outlook And Potential Analysis
30. Appendix
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