Press release
Translation Services Market: Exploring Growth Trends, Key Players, and Global Segments
Translation Services Market
What Is The Projected Market Size Of The Global Translation Services Market And Its Growth Rate?
• The translation services market size is expected to grow from $26.7 billion in 2024 to $27.76 billion in 2025 at a CAGR of 4.0%.
• Growth in this period can be attributed to globalization of businesses, multilingual content creation, international trade and collaboration, global travel, and tourism, legal and regulatory compliance.
• The market size will further grow to $33.9 billion in 2029 at a CAGR of 5.1%.
• Growth in the forecast period can be credited majorly to rise of e-commerce, advancements in machine translation, increased demand for video and multimedia translation, and localization for digital marketing.
What Is Driving The Growth In The Translation Services Market?
The escalating demand for non-English languages is steering the translation services market growth. Non-English language refers to individuals who speak languages other than English due to their origin or culture. As per a survey by Preply, a US-based online language learning marketplace, 36% of UK adults are bilingual, translating to over 24 million people. The study also intimated that Spanish is the most sought-after second language in the US with over 75,300 monthly searches for Spanish language courses. Such increasing demand for non-English languages is propelling the market growth.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9599&type=smp
Who Are the Key Players Driving Translation Services Market Growth?
Significant companies operating in the translation services market include:
• TransPerfect Translations
• Lionbridge Technologies Inc
• LanguageLine Solutions LLC
• Logos Group
• Yamagata Corporation
• RWS Group
• Welocalize Inc.
• Mission Essential LLC
• One Hour Translation Ltd.
• Babylon Software Ltd.
• Propio Language Services
• Ingco International
• CLS Communication
• Thebigword Holdings Ltd.
What Are The Key Trends In The Translation Services Market?
Major trends in the forecast period include:
• e-learning and localization
• hybrid translation models
• data security and confidentiality
• blockchain for translation verification
• post-editing services for machine translation
What Are The Segments Of The Global Translation Services Market?
The translation services market is segmented by:
1) Component: Hardware, Software
2) Type: Written Translation Services, Interpretation Services, Other Translation Services Types
3) Operation Type: Technical Translation, Machine Translation
4) Application: Legal, Medical, Financial And Banking, Tourism And Travel, Other Applications
Which Region Leads The Translation Services Market?
North America was the largest region in the translation services market in 2024. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Pre-book the report for swift delivery:
https://www.thebusinessresearchcompany.com/report/translation-services-global-market-report
What Is Covered In The Translation Services Market Global Market Report?
- Market Size Analysis: Analyze the Translation Services Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Translation Services Market for effective categorization.
- Key Player Focus: 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 Translation Services Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Translation 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/Customise?id=9599&type=smp
Connect with 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.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
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. Our flagship product, the Global Market Model delivers 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 Translation Services Market: Exploring Growth Trends, Key Players, and Global Segments here
News-ID: 3829061 • Views: …
More Releases from The Business Research Company
Handguns Market Overview, Emerging Developments, and Key Player Analysis
An Overview of the Expanding Handguns Market
The global handguns market is set to experience significant growth in the coming years, driven by innovations and increasing demand across various user groups. This report offers insights into the market size, key drivers, prominent players, emerging trends, and segmentation, providing a comprehensive understanding of the industry's current landscape and future prospects.
Download a free sample of the handguns market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=25341&type=smp
Projected Growth and Market Size…
Leading Companies Fueling Growth and Innovation in the Ground Handling Systems M …
The ground handling systems market is on track for notable expansion as the aviation sector increasingly embraces advanced technologies and sustainability initiatives. This growth reflects broader trends in airport infrastructure development, cargo logistics, and digital innovation, which are reshaping how ground operations are managed globally. Let's explore the market's growth expectations, leading players, emerging trends, and detailed segmentation.
Projected Market Growth and Size of the Ground Handling Systems Market
The ground…
Future Prospects: Key Trends Shaping the GEO Satellite Market Until 2030
The global GEO satellite market is positioned for meaningful growth over the coming years, driven by advancements in technology and increasing demand across various sectors. Understanding the market's size, key players, technological trends, and segmentation provides valuable insight into the evolving landscape and future opportunities of this industry.
Projected Market Growth and Size of the GEO Satellite Market by 2030
The GEO satellite market is anticipated to experience steady expansion, reaching…
Emerging Sub-Segments Transforming the Flying Taxis Market Landscape
The concept of flying taxis has moved from science fiction toward becoming a practical mode of transportation. With rapid technological advancements and increasing investments, this market is positioned for impressive growth as it aims to redefine urban mobility and reduce ground traffic congestion. Below is an overview of the flying taxis market, its growth drivers, key players, and emerging trends shaping the future of urban air travel.
Anticipated Growth of the…
More Releases for Translation
Which chinese Professional translation company offers reliable Certified transla …
Communication across linguistic boundaries has become an essential element of global commerce, making efficient and accurate translation services a necessity for businesses operating or expanding into China's rapidly evolving market. Companies operating or expanding into this rapidly changing Chinese market must possess high-quality language services--particularly certified translation--that meet stringent standards of accuracy and official recognition for legal contracts, regulatory filings, intellectual property documents, official certificates and official filings that require…
Professional Translation Services | Mars Translation
In an era where globalization has become a driving force behind business expansion, effective communication across languages and cultures is no longer a luxury-it is a necessity. Companies aiming to succeed in international markets face the critical challenge of connecting with diverse audiences while maintaining the authenticity of their brand message. This is where Mars Translation steps in. As a leading provider of translation and localization services, Mars Translation has…
ITU Translation – Translation Agency Based In Miami Launches New Website
2017 has been an eventful year for ITU Translation, the leading provider for document translation services and language services in Miami because they conclude the year by upgrading their abilities to provide a complete digital experience to document translation services.
ITU Translation has created a new website to make its services more easily available to worldwide and local businesses located in Miami who are searching for a translation agency at their…
ITU Translation Services Launches Translation Services in Miami
ITU Translation Services is the one-stop translation company happy offering translation services in Miami and Florida. Miami is rich in culture. The mixture of nationalities, languages, and cultures is what makes Miami beautiful. In Miami of most places, we understand that communication is important. In a city packed with various languages and nationalities, not understanding each other is not a solution. ITU Translation Services have discovered solutions to connect the…
Translation Express is Technology-Powered by Projetex Translation Management Sys …
Translation Express, one of the most recognized companies in Singapore and ASEAN countries, became powered by Projetex: Translation Management System for Translation Agencies by AIT. Projetex was selected to support the Translation Express business with the top-notch up-to-date workflow solutions.
The main feature of Translation Express has been in undertaking the task of translation only by professionally-qualified translators working into their mother-tongue. More than 200 Translation Express linguists are located…
Translation Services USA Releases Translation Cloud Facebook App
Translation Services USA, a trusted provider of professional translations has launched the Translation Cloud Facebook App, the latest addition to the companies quickly expanding list of language resources and tools. Harnessing the power of Facebook’s 550M users, Translation Cloud is a fresh and easy-to-use platform for freelance translators and can be used all over the world.
Translation Cloud boasts a simplified sign-up process, taking no more than 5 minutes to complete.…
