Press release
Unleashing Global Opportunities: Language Services Market Surges with $61.87 Billion Projection for 2025 and $90.82 Billion for 2029
Language Services Market
What Is The Projected Market Size Of The Global Language Services Market And Its Growth Rate?
• The language services market size is expected to grow from $58.05 billion in 2024 to $61.87 billion in 2025 at a compound annual growth rate (CAGR) of 6.6%.
• The market size is projected to reach $90.82 billion in 2029 at a CAGR of 10.1%.
What Is Driving The Growth In The Language Services Market?
The Language Services industry's growth is largely driven by an increase in the outsourcing of translation and interpreting services. This refers to procuring language services from external sources to a professional translation agency, which provides the necessary infrastructure and dedicated staff to make professional translation possible. As reported in a Europe-based association of translation companies survey, an estimated 22% of businesses in Europe outsourced to language companies in 2022.
Request a Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8525&type=smp
Who Are the Key Players Driving Language Services Market Growth?
• LanguageLine Solutions Inc.
• Lionbridge Technologies Inc.
• RWS Holdings PLC
• SDI Media Inc.
• Keywords Studios PLC
• TransPerfect Translations LLC
• Pactera Technologies NA
• Honyaku Center Inc.
• Cyracom International Inc.
• Appen Ltd.
• Acolad Group SAS
• Global Linguist Solutions LLC
• Hogarth Worldwide Inc.
• PIXELOGIC MEDIA PARTNERS LLC
• Translate plus Ltd.
• Welocalize Inc.
• GienTech Technology Co. Ltd.
• STAR Group
• Centific
• United Language Group
• Propio Language Services
• Argos Multilingual
• ZOO Digital Group
• LOGOS Group
• LanguageWire
• TAKARA Co. Ltd.
• SeproTec Multilingual Solutions
• Sunyu Transphere
• Akorbi
• Certified Languages International
• Global Talk
• KERN Global Language Services
What Are The Key Trends In The Language Services Market?
• AI and machine translation integration
• Remote interpreting services
• Neural machine translation (NMT)
• Voice and speech recognition technology
• Hybrid and blended translation approaches
• E-learning and training localization
• Real-time language analytics
• Artificial intelligence in language editing
What Are The Segments Of The Global Language Services Market?
• By Component: Software, Hardware
• By Services: Translation and Transcreation, Interpreting, Localization services, Other Services
• By Application: IT And Telecommunications, Commercial, Government, Automotive, Healthcare, Other Applications
Which Region Leads The Language Services Market?
In 2024, North America was the largest region in the language services market. However, Asia-Pacific is projected to be the fastest-growing region in the forecast period. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/language-services-global-market-report
What Is Covered In The Language Services Market Global Market Report?
• Market Size Analysis: Analyze the Language Services Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Language Services Market for effective categorization.
• Key Player Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Language Services Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Language Services Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8525&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
• LinkedIn: https://in.linkedin.com/company/the-business-research-company
• Twitter: https://twitter.com/tbrc_info
• YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
Learn More About the Business Research Company. With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model , is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
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 Unleashing Global Opportunities: Language Services Market Surges with $61.87 Billion Projection for 2025 and $90.82 Billion for 2029 here
News-ID: 3821926 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Language
Natural Language Processing: Revolutionizing Healthcare AI Market Through Langua …
The healthcare industry is undergoing a digital transformation, with Artificial Intelligence (AI) playing a pivotal role in improving patient care, streamlining operations, and accelerating research. Within this dynamic landscape, Natural Language Processing (NLP) stands out as a high-opportunity segment, offering the potential to unlock valuable insights from vast amounts of unstructured text data.
Market Dynamics and Growth Drivers
Healthcare generates a massive volume of unstructured data, including electronic health records (EHRs), clinical…
Language Services Market 2019-2023 By Lionbridge, Mayflower Language Services, R …
Global Language Services Market 2018-2023:
The global Language Services Market was valued at XX million $ in 2017 and is predicted to be XX million $ by the end of 2023. Because of technical advancement and availability of wide range of products & services, years from 2018 to 2023 compound annual growth rate (CAGR) is expected to be XX%.The global Language Services Market report includes key market players and provides industry…
Language Services Market 2018 Global Analysis of Key vendors – Lionbridge, May …
ReportsWeb Adds “Global Language Services Market” offers an up-to-date analysis of the Market with regards to the innovations, current competitive landscape and latest trends and drivers, to provide new predictions for the forecast period.
2018-2023 Global Language Services Market Report Status and Outlook
This report presents a comprehensive overview, market shares and growth opportunities of Language Services market by product type, application, key companies and key regions.
The language industry is the sector…
Language Services Market 2018 Global Analysis By Key Players -Lionbridge, Mayflo …
2018-2023 Global Language Services Market Report Status and Outlook
This report presents a comprehensive overview, market shares and growth opportunities of Language Services market by product type, application, key companies and key regions.
The language industry is the sector of activity dedicated to facilitating multilingual communication, both oral and written. According to the European Commission's Directorate-General of Translation, the language industry comprises the activities of translation, interpreting, subtitling and dubbing, software and…
Language Services Market by Top Companies – Lionbridge, Mayflower Language Ser …
A recent study about “Global Language Services Market”, which has shown the developmental cycle of the additionally examined causes leading to improved development through drivers, restraints, and opportunities made available for the firms aiming to grow their standing in the market. The industry patterns are carefully examined by understanding the upcoming trends and how will they affect the products demand in the future.
The language industry is the sector of…
Language Connect are crowned Business Language Champions
Language Connect has completed the first in a planned series of interactive school workshops aimed at encouraging secondary school pupils to realise the benefits of language learning.
Language Connect devised the workshops in close collaboration with the Convent of Jesus and Mary Language College in Willesden, London to educate its students about career opportunities in the translation and interpreting services industry. The workshops confirm Language Connect’s commitment to support the…
