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Language Services Market Worldwide Industry Analysis, Future Demand and Forecast till 2029

06-13-2023 11:19 AM CET | IT, New Media & Software

Press release from: Orion Market Research

Language Services Market Worldwide Industry Analysis, Future

The global language services market is anticipated to grow at a CAGR of 6.6% during the forecast period. Due to the localization of businesses, the language services market is growing rapidly due to several factors, including the increasing globalization of business, and the growth of e-commerce. By localizing its products and services, a company can reach a wider audience and build stronger relationships with its customers.  As more and more businesses operate in multiple countries, they need to localize their products and services to stay competitive in the market. For instance, Netflix is a streaming service that delivers films and TV shows to over 190 countries. The company has tailored its content for every market, dubbing the audio into the appropriate language and translating the subtitles. Because of this, Netflix has been able to draw sizable audiences in each market. Another company that uses language services is Airbnb. The home-sharing platform operates in over 200 countries and it supports more than 25 languages. This will help Airbnb to grow its customer base and become a leader in the global accommodation industry.

With the rising demand for language services, market players adopted various strategies including mergers and acquisitions, partnerships, funding, collaborations, and new product launches to stay competitive in the market. For instance, in April 2022, a leading global language services company, BIG Language Solutions, announced the purchase of Milan-based Lawlinguists, a provider of legal translation services. The purchase allowed BIG's European footprint to include Italy, Germany, and Spain, giving its clients access to legal translation services, tools, and technology.

To Request a Sample of our Report on Language Services Market:  https://www.omrglobal.com/request-sample/language-services-market

Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030

Segment Covered- 

Type
Component
End-User

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- including Atlas Language Services Inc., Lionbridge Technologies Inc, RWS Holdings Plc, and others.

A full Report of Language Services Market is Available @  https://www.omrglobal.com/industry-reports/language-services-market

Language Services Market Report Segment

By Type

Translation Services
Localization Services
Interpreting Services

By Component

Software
Hardware

By End-User

BFSI
IT and Telecom
Media and Entertainment
Retail and E-commerce
Healthcare
Government
Education
Travel and Transport

Language Services Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles 

CyraCom International, Inc.
Global Linguist Solutions LLC
Hogarth Worldwide Ltd
Keywords Studios Plc
Honyaku Center Inc.
Iyuno
PIXELOGIC MEDIA PARTNERS LLC.
PTSGI, Inc.
STAR Group
thebigword Group Ltd
TransPerfect
United Language Group
Voice and Script International Ltd.
Welocalize Inc.

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/language-services-market

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Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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