Following companies as the key players in the global
language services market: Lionbridge, Mayflower Language Services, RWS Group,
SDL Language Services, Semantix, Teleperformance, transperfect, and Welocalize.
One trend in the market is increased emphasis on
transcreation. Owing to the significant rise in the internationalization of
businesses, corporate organizations are increasingly using the concept of
transcreation tools to interact with and attract the target audience towards
their products.”
According to the report, one driver in the market is
technology adoption to enhance language translation process efficiency. The
major market driver is the increasing demand for CAT software. The CAT software
uses a computerized program to translate from one language to another language
using translation memory (TM).
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Further, the report states that one challenge in the market
is open source language service tools. The major factor hindering the growth of
the market is the increased advent of open source translation services. There
are several vendors that provide open source translation services, most of
which are provided online.
The study was conducted using an objective combination of
primary and secondary information including inputs from key participants in the
industry. The report contains a comprehensive market and vendor landscape in
addition to a SWOT analysis of the key vendors.
The market is
expected to grow at a CAGR of 3.09%
About Language
Services
This report covers the present scenario and growth prospects
of the global language services market for 2018-2022. To calculate the market
size, the report considers the revenue generated from language service providers
(LSPs) providing services such as translation, interpreting, localization, and
other language-related services.
Forecast the global
language services market to grow at a CAGR of 3.96% during the period
2018-2022.
Covered in this
report
The report covers the present scenario and the growth
prospects of the global language services market for 2018-2022. To calculate
the market size, the report presents a detailed picture of the market by way of
study, synthesis, and summation of data from multiple sources.
The market is divided
into the following segments based on geography:
• Americas
• APAC
• EMEA
Global Language Services Market 2018-2022, has been prepared
based on an in-depth market analysis with inputs from industry experts. The
report covers the market landscape and its growth prospects over the coming
years. The report also includes a discussion of the key vendors operating in
this market.
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Key vendors
• Lionbridge
• Mayflower Language Services
• RWS Group
• SDL Language Services
• Semantix
• Teleperformance
• TransPerfect
• Welocalize
Market driver
• Technology adoption to enhance
language translation process efficiency
• For a full, detailed list, view
our report
Market challenge
• Open source language service
tools
• For a full, detailed list, view
our report
Market trend
• Increased emphasis on
transcreation
• For a full, detailed list, view
our report
Some points from
TOC:-
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
• Market ecosystem
• Market characteristics
• Market segmentation analysis
PART 05: MARKET SIZING
• Market definition
• Market sizing 2017
• Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY END-USER
• Segmentation by end-user
• Comparison by end-user
• Global language services market by healthcare
• Global language services market by ICT
• Global language services market by BFSI
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
• Market ecosystem
• Market characteristics
• Market segmentation analysis
PART 05: MARKET SIZING
• Market definition
• Market sizing 2017
• Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY END-USER
• Segmentation by end-user
• Comparison by end-user
• Global language services market by healthcare
• Global language services market by ICT
• Global language services market by BFSI
……continued
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