Language Services Market
Language Services Market Analysis, By Service (Interpretation, Language Instruction, Language Testing, Localization, Transcreation, Translation, Subtitling, Dubbing, Transcription, Proofreading), By End-use Industry - Global Market Insights 2022 to 2032
Analysis of Language Services market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Language Services Market Outlook (2022-2032)
The global language services market is valued at US$ 60.68 billion in 2022 and is predicted to reach US$ 96.21 billion by the end of 2032, expanding at a CAGR of 5.94% over the said period.
The average translation budget for large-scale companies ranges from 0.25% to 2.5% of their annual turnover. The U.S. federal government, one of the largest spenders on language services, spends around US$ 700-800 million annually on outsourced language services.
Report Attributes |
Details |
|---|---|
|
Language Services Market Size (2021A) |
US$ 54.02 Billion |
|
Estimated Market Value (2022E) |
US$ 60.63 Billion |
|
Forecasted Market Value (2032F) |
US$ 96.21 Billion |
|
Global Market Growth Rate (2022-2032) |
5.94% CAGR |
|
North America Market Share (2021) |
41.3% |
|
East Asia Market Growth Rate (2022-2032) |
6.4% CAGR |
|
United States Market Growth Rate (2022-2032) |
6.3% CAGR |
|
Market Share of Top 5 Companies |
7% |
|
Key Companies Profiled |
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Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Revenue Analysis of Language Services (2017-2021) Vs. Market Forecasts (2022-2032)
“Myriad of Service Needs Pushing the Boundaries of Language Services”
Language services consist of vivid language-related services such as translation, interpretation, localization, instruction, and others. It bridges the rhetorical barrier between countries and strengthens the relationship between consumers and business organizations to expand socially.
Businesses shifting towards digitalization is a key factor in the rigorous adoption of language services across the world. The personal online experience for a customer is now the key focus of businesses, which leverage the demand for content services among technology-driven companies.
Technical translators have created user guides, technical reports, regulatory documents, and other formats that are convenient to customers in domain-specific, precise language. Around 90% of the world’s total translation output is covered by technical translators.
To cater to the large consumer base, proper interpretation of products and services is essential with excessive accuracy and high quality. Significant sales in a product could be achieved to a large audience with precise interpretation. Also, the language barrier could be broken by hiring translation and interpretation service professionals.
- Short Term (2022 Q2 to 2025): The pandemic has made us more comfortable in virtual spaces and has given a strong impetus to the development of commerce and connectivity through the Internet, which is driving market growth.
- Medium Term (2025-2028): Companies going global are expected to demand legal translator services. Localization in developing economies is projected to revolve around enhancing consumer experience and satisfaction.
- Long Term (2028-2032): Integration of artificial intelligence and machine learning is an opportunistic factor for the language services market. The healthcare industry will attract higher demand for translation & interpretation services with changes in region, language, and rules & regulations.
Over the 2017-2021 historical period, the global market for language services registered a CAGR of 4%. As per analysis by Fact.MR, a market research and competitive intelligence provider, the market is forecasted to expand at 5.94% CAGR between 2022 and 2032.
Market share analysis of language services based on service and region. Under the service segment, localization currently dominates with 23% market share.
Why is the Need for Language Services Steadily Increasing?
“Localization of Business Anchoring Demand for Language Services”
The globalization of businesses is anticipated to result in a considerable increase in demand for language service offerings. International marketing is being adopted to cater to foreign audiences worldwide at a lower cost through the web.
Businesses that are entering new markets are learning that localizing their communication is just as important as translating them. The language must be localized in more ways than only by being translated; it must also be modified to conform to the cultural norms and expectations of the target audience.
Although it is a challenging and intricate procedure, it is crucial for companies that are looking to expand into new markets. One of the key variables influencing the market is the fact that all of this information has been localized for maximum efficacy.
“R&D in Pharma Industry to Drive Life Science Translation Services”
Pharma companies with huge geographical presence require some kind of language services in different stages of drug creation, from R&D to sales and marketing. As it is crucial, especially in industries such as pharma, to communicate clearly to regulators, governments, and end users, it has become essential to use language-related services.
The COVID-19 pandemic triggered a global response by health workers, aid agencies, and government sectors to communicate essential information to people. Translation services were routed towards drug & life science information to patients. More than 500 different languages have found access to verifiable COVID information, proving the importance of multilingual information distribution.
These translation initiatives have included everything from more than 400 videos that have been translated into at least 150 languages to fact sheets from the World Health Organization (WHO).
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What Could Hamper Language Services Industry Expansion?
“Lack of Consistency & Reliability in Results”
To complete complex projects with multiple languages, numerous professional native-speaking translators are required. This creates inconsistency in the level of accuracy and can sometimes change the actual meaning of the content. Translation machines may also make mistakes through faulty translations or accidentally altering the actual message.
These factors could prove to be costly, especially if some serious decisions need to be made. It will always be a matter of concern to have a second pair of eyes on important documents so that nothing of this sort happens and jeopardizes any project.
Country-wise Analysis
Why is the Need for Language Services High in the United States?
Immigration and globalization are both contributing to the industry's expansion. Only in the United States, there are more than 350 different languages spoken.
- The Bureau of Labor Statistics anticipates a 19% rise in employment for interpreters and translators by 2028 as a result of this diversity and the steadily rising number of Americans who do not understand English. The number of Americans who speak a language other than English at home has more than doubled over the past 30 years, reaching 67.3 million, according to the bureau.
Additionally, around 25 million Americans are classified as limited English proficient (LEP). These individuals do not speak English as their first language and possess poor writing, reading, and comprehension skills that are needed to effectively communicate. As such, the demand for translation services is high in the United States and will continue to be so going forward.
What’s Driving the Popularity of Online Translation Services in the United Kingdom?
In the United Kingdom, the demand for online-translation services is at its peak. These services find applications in various end-use industry verticals such as e-Commerce, finance, technical companies, and others. These services are being used to enhance the quality of work along with customer experience.
With the help of the Internet, businesses going rich worldwide demand professional translation services along with online translation services. These translation services are cost-effective and help enhance the work productivity of consumers.
Moreover, the presence of some large market players such as Translator UK, Mars Translation, CCJK Technologies, Wolfestone, and Speakt, in the United Kingdom, is another reason that the market is prominent in the country.
Category-wise Insights
Will the Legal Sector Drive Demand for Translation & Interpretation Services?
The legal sector holds around 10.90% share of the global language services market.
Large-size organizations going are global to enhance their product and service offerings. The language barrier in legal business processing is a major challenge faced by these businesses as regulations differ from nation to nation.
Legal translation services are an abetment to these businesses, offering a real-time on-site legal interpretation. Legal documenting benefits from translation in a precise way with zero errors. All these factors promote compliance with the law, globalization, and establishing a crucial business reputation.
Integration of advanced technologies in translation & interpretation services is expected to boost the demand for such services.
- In 2021, a leading litigation support service provider - U.S. Legal Support - introduced AI-powered translation services to deliver a full suite of litigation support solutions.
Why Do Localization Services Account for Prominent Share of Translation Services?
Localization improves customer understanding and the experience with products. It also helps in enhancing brand development and loyalty. These factors are attributed to the high demand for translation services in the business sector as many companies are catering to a global audience.
- As per a report published by the Central Intelligence Agency (CIA), only 4.83% of the global population speaks and uses English for communication; however, more than 50% of the language on the Internet is English.
This factor is expected to stimulate the need for translation services among businesses to improve communication in their languages and the language with which their clients are comfortable.
Competitive Landscape
Prominent language service providers are TransPerfect, RWS, LanguageLine Solutions, Keywords Studios, Iyuno-SDI Group, Appen, translate plus, Acolad Group, Welocalize, Hogarth Worldwide, Poletowin Pitcrew Holdings, STAR Group, Pactera EDGE, Pixelogic Media, AMN Language Services, CyraCom International, Translation Bureau, President Translation Service Group International (PTSGI), Dubbing Brothers, Voice and Script International (VSI), GTCOM (Global Tone Communication Technology), Honyaku Center, Thebigword, and United Language Group.
The language services market is substantially competitive due to less chance of service differentiation. In niche businesses such as language services, market players can focus on reducing the turnaround time of their services to gain an advantage.
They can also focus on the rationalized archetyping of clients. Language service providers need to distinguish their clientele based on the type of service request. In this way, they can prioritize high-value customers and also parallelly serve low-value clients with templatized service offerings.
- In May 2022, Interpreters Unlimited introduced a mobile app for booking language services.
- In May 2021, Telelanguage launched a new website to offer interpretation and translation services.
- In April 2022, European legal translation company Lawlinguists partnered with BIG Language Solutions, a leading global language service provider, to offer high-quality legal translation services.
Fact.MR has provided detailed information about language service providers positioned across regions, sales growth, and product offering expansion, in the recently published report.
Segmentation of Language Services Industry Survey
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By Service :
- Interpretation
- Language Instruction
- Language Testing
- Localization
- Transcreation
- Translation
- Subtitling
- Dubbing
- Transcription
- Proofreading
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By End-use Industry :
- Professional Services (Legal)
- Banking and Finance
- Gaming
- Media
- Engineering & Manufacturing
- Aerospace & Defense
- Life Science
- Technology
- Travel & Retail
- Public Sector
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By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
1. Global Language Services Market - Executive Summary 2. Market Overview 2.1. Market Definition and Introduction 2.2. Market Taxonomy/ Research Scope 3. Market Background and Foundation Data 3.1. State of Global Language Service Market 3.2. Comparison of Different Language Services 3.3. Key Trends in Language Service Market 3.4. Growth & Development Pattern in Language Services Market 3.5. Opportunity Assessment 3.5.1. Total Available Market (US$ Bn) 3.5.2. Serviceable Addressable Market (US$ Bn) 3.5.3. Serviceable Obtainable Market (US$ Bn) 3.6. Market Dynamics 3.6.1. Drivers 3.6.2. Restraints 3.6.3. Opportunity Analysis 3.6.4. Trends 3.7. Forecast and Macro-Economic Factors – Relevance and Impact 3.7.1. PESTLE Analysis 3.7.2. Porter’s Five Force Analysis 3.7.3. Investment Feasibility Analysis 3.7.4. Key Success Factors 4. Global Language Services Market Value (US$ Bn) Analysis and Forecast 4.1. Historical Market Value (US$ Bn) Analysis, 2017-2021 4.2. Current and Future Market Value (US$ Bn) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Language Services Market Analysis and Forecast, By Service 5.1. Introduction / Key Findings 5.2. Historical Market Size (US$ Bn) Analysis By Service, 2017-2021 5.3. Current and Future Market Size (US$ Bn) Analysis Forecast By Service, 2022-2032 5.3.1. Interpretation 5.3.2. Language Instruction 5.3.3. Language Testing 5.3.4. Localization 5.3.5. Transcreation 5.3.6. Translation 5.3.7. Subtitling 5.3.8. Dubbing 5.3.9. Transcription 5.3.10. Proofreading 5.4. Market Attractiveness Analysis By Service 6. Global Language Services Market Analysis and Forecast, By End use industry 6.1. Introduction / Key Findings 6.2. Historical Market Size (US$ Bn) Analysis By End use industry, 2017-2021 6.3. Current and Future Market Size (US$ Bn) Analysis Forecast By End use industry, 2022-2032 6.3.1. Professional Services (Legal) 6.3.2. Banking and Finance 6.3.3. Gaming 6.3.4. Media 6.3.5. Engineering & Manufacturing 6.3.6. Aerospace & Defense 6.3.7. Life Science 6.3.8. Technology 6.3.9. Travel & Retail 6.3.10. Public Sector 6.4. Market Attractiveness Analysis By End use industry 7. Global Language Services Market Analysis and Forecast, By Region 7.1. Introduction 7.2. Historical Market Size (US$ Bn) Analysis By Region, 2017-2021 7.3. Current Market Size (US$ Bn) Analysis Forecast By Region, 2022-2032 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. East Asia 7.3.5. South Asia and Oceania 7.3.6. Middle East & Africa 7.4. Market Attractiveness Analysis By Region 8. North America Language Services Market Analysis and Forecast 8.1. Introduction / Key Findings 8.2. Pricing Analysis 8.3. Historical Market Size (US$ Bn) Trend Analysis By Market Taxonomy, 2017-2021 8.4. Market Size (US$ Bn) Forecast By Market Taxonomy, 2022 - 2032 8.4.1. By Country 8.4.1.1. U.S. 8.4.1.2. Canada 8.4.2. By Service 8.4.3. By End use industry 8.5. Market Attractiveness Analysis 8.5.1. By Country 8.5.2. By Service 8.5.3. By End use industry 9. Latin America Language Services Market Analysis and Forecast 9.1. Introduction / Key Findings 9.2. Pricing Analysis 9.3. Historical Market Size (US$ Bn) Trend Analysis By Market Taxonomy, 2017-2021 9.4. Market Size (US$ Bn) Forecast By Market Taxonomy, 2022 - 2032 9.4.1. By Country 9.4.1.1. Brazil 9.4.1.2. Mexico 9.4.1.3. Argentina 9.4.1.4. Peru 9.4.1.5. Rest of Latin America 9.4.2. By Service 9.4.3. By End use industry 9.5. Market Attractiveness Analysis 9.5.1. By Country 9.5.2. By Service 9.5.3. By End use industry 10. Europe Language Services Market Analysis and Forecast 10.1. Introduction / Key Findings 10.2. Pricing Analysis 10.3. Historical Market Size (US$ Bn) Trend Analysis By Market Taxonomy, 2017-2021 10.4. Market Size (US$ Bn) Forecast By Market Taxonomy, 2022 - 2032 10.4.1. By Country 10.4.1.1. Germany 10.4.1.2. Italy 10.4.1.3. France 10.4.1.4. U.K. 10.4.1.5. Spain 10.4.1.6. BENELUX 10.4.1.7. NORDIC 10.4.1.8. Rest of Europe 10.4.2. By Service 10.4.3. By End use industry 10.5. Market Attractiveness Analysis 10.5.1. By Country 10.5.2. By Service 10.5.3. By End use industry 11. East Asia Language Services Market Analysis and Forecast 11.1. Introduction / Key Findings 11.2. Pricing Analysis 11.3. Historical Market Size (US$ Bn) Trend Analysis By Market Taxonomy, 2017-2021 11.4. Market Size (US$ Bn) Forecast By Market Taxonomy, 2022 - 2032 11.4.1. By Country 11.4.1.1. China 11.4.1.2. Japan 11.4.1.3. South Korea 11.4.2. By Service 11.4.3. By End use industry 11.5. Market Attractiveness Analysis 11.5.1. By Country 11.5.2. By Service 11.5.3. By End use industry 12. South Asia & Oceania Language Services Market Analysis and Forecast 12.1. Introduction / Key Findings 12.2. Pricing Analysis 12.3. Historical Market Size (US$ Bn) Trend Analysis By Market Taxonomy, 2017-2021 12.4. Market Size (US$ Bn) Forecast By Market Taxonomy, 2022 - 2032 12.4.1. By Country 12.4.1.1. India 12.4.1.2. Thailand 12.4.1.3. Indonesia 12.4.1.4. Malaysia 12.4.1.5. Australia 12.4.1.6. Rest of South Asia & Oceania 12.4.2. By Service 12.4.3. By End use industry 12.5. Market Attractiveness Analysis 12.5.1. By Country 12.5.2. By Service 12.5.3. By End use industry 13. Middle East & Africa Language Services Market Analysis and Forecast 13.1. Introduction / Key Findings 13.2. Pricing Analysis 13.3. Historical Market Size (US$ Bn) Trend Analysis By Market Taxonomy, 2017-2021 13.4. Market Size (US$ Bn) Forecast By Market Taxonomy, 2022 - 2032 13.4.1. By Country 13.4.1.1. GCC Countries 13.4.1.2. Turkey 13.4.1.3. North African Region 13.4.1.4. South Africa 13.4.1.5. Rest of Middle East and Africa 13.4.2. By Service 13.4.3. By End use industry 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Service 13.5.3. By End use industry 14. Country-level Language Services Market Analysis and Forecast 14.1. Introduction / Key Findings 14.1.1. Market Value Proportion Analysis, By Key Countries 14.1.2. Global Vs. Country Growth Comparison 14.2. Us Language Services Market Analysis 14.2.1. Value Proportion Analysis By Market Taxonomy 14.2.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.2.2.1. By Service 14.2.2.2. By End use industry 14.3. Canada Language Services Market Analysis 14.3.1. Value Proportion Analysis By Market Taxonomy 14.3.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.3.2.1. By Service 14.3.2.2. By End use industry 14.4. Brazil Language Services Market Analysis 14.4.1. Value Proportion Analysis By Market Taxonomy 14.4.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.4.2.1. By Service 14.4.2.2. By End use industry 14.5. Mexico Language Services Market Analysis 14.5.1. Value Proportion Analysis By Market Taxonomy 14.5.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.5.2.1. By Service 14.5.2.2. By End use industry 14.6. Argentina Language Services Market Analysis 14.6.1. Value Proportion Analysis By Market Taxonomy 14.6.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.6.2.1. By Service 14.6.2.2. By End use industry 14.7. Germany Language Services Market Analysis 14.7.1. Value Proportion Analysis By Market Taxonomy 14.7.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.7.2.1. By Service 14.7.2.2. By End use industry 14.8. France Language Services Market Analysis 14.8.1. Value Proportion Analysis By Market Taxonomy 14.8.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.8.2.1. By Service 14.8.2.2. By End use industry 14.9. Italy Language Services Market Analysis 14.9.1. Value Proportion Analysis By Market Taxonomy 14.9.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.9.2.1. By Service 14.9.2.2. By End use industry 14.10. Spain Language Services Market Analysis 14.10.1. Value Proportion Analysis By Market Taxonomy 14.10.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.10.2.1. By Service 14.10.2.2. By End use industry 14.11. Peru Language Services Market Analysis 14.11.1. Value Proportion Analysis By Market Taxonomy 14.11.2. Value Proportion Analysis By Market Taxonomy 14.11.3. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.11.3.1. By Service 14.11.3.2. By End use industry 14.12. NORDIC Language Services Market Analysis 14.12.1. Value Proportion Analysis By Market Taxonomy 14.12.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.12.2.1. By Service 14.12.2.2. By End use industry 14.13. BENELUX Language Services Market Analysis 14.13.1. Value Proportion Analysis By Market Taxonomy 14.13.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.13.2.1. By Service 14.13.2.2. By End use industry 14.14. U.K. Language Services Market Analysis 14.14.1. Value Proportion Analysis By Market Taxonomy 14.14.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.14.2.1. By Service 14.14.2.2. By End use industry 14.15. China Language Services Market Analysis 14.15.1. Value Proportion Analysis By Market Taxonomy 14.15.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.15.2.1. By Service 14.15.2.2. By End use industry 14.16. Japan Language Services Market Analysis 14.16.1. Value Proportion Analysis By Market Taxonomy 14.16.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.16.2.1. By Service 14.16.2.2. By End use industry 14.17. South Korea Language Services Market Analysis 14.17.1. Value Proportion Analysis By Market Taxonomy 14.17.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.17.2.1. By Service 14.17.2.2. By End use industry 14.18. India Language Services Market Analysis 14.18.1. Value Proportion Analysis By Market Taxonomy 14.18.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.18.2.1. By Service 14.18.2.2. By End use industry 14.19. ASEAN Countries Language Services Market Analysis 14.19.1. Value Proportion Analysis By Market Taxonomy 14.19.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.19.2.1. By Service 14.19.2.2. By End use industry 14.20. GCC Countries Language Services Market Analysis 14.20.1. Value Proportion Analysis By Market Taxonomy 14.20.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.20.2.1. By Service 14.20.2.2. By End use industry 14.21. Turkey Language Services Market Analysis 14.21.1. Value Proportion Analysis By Market Taxonomy 14.21.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.21.2.1. By Service 14.21.2.2. By End use industry 14.22. South Africa Language Services Market Analysis 14.22.1. Value Proportion Analysis By Market Taxonomy 14.22.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 14.22.2.1. By Service 14.22.2.2. By End use industry 15. Language Services Market Structure Analysis 15.1. Market Analysis By Tier of Companies 15.2. Market Concentration of Players 15.3. Market Share Analysis of Top Players 15.4. Market Space for New Brands and Dollar Opportunity 15.5. Market Presence Analysis 15.5.1. By Regional Footprint of Players 15.5.2. Product Footprint By Players 15.5.3. Channel Footprint By Players 16. Language Services Competition Analysis 16.1. Brand Assessment 16.2. Competition Dashboard 16.3. Pricing Analysis By Competition 16.4. Competition Benchmarking of Products 16.5. Competition Deep Dive: Language Services Market 16.5.1. TransPerfect 16.5.1.1. Overview 16.5.1.2. Product Portfolio 16.5.1.3. Key Financials 16.5.1.4. SWOT Analysis 16.5.1.5. Key Developments 16.5.1.6. Strategy Overview 16.5.2. RWS 16.5.2.1. Overview 16.5.2.2. Product Portfolio 16.5.2.3. Key Financials 16.5.2.4. SWOT Analysis 16.5.2.5. Key Developments 16.5.2.6. Strategy Overview 16.5.3. LanguageLine Solutions 16.5.3.1. Overview 16.5.3.2. Product Portfolio 16.5.3.3. Key Financials 16.5.3.4. SWOT Analysis 16.5.3.5. Key Developments 16.5.3.6. Strategy Overview 16.5.4. Keywords Studios 16.5.4.1. Overview 16.5.4.2. Product Portfolio 16.5.4.3. Key Financials 16.5.4.4. SWOT Analysis 16.5.4.5. Key Developments 16.5.4.6. Strategy Overview 16.5.5. Iyuno-SDI Group 16.5.5.1. Overview 16.5.5.2. Product Portfolio 16.5.5.3. Key Financials 16.5.5.4. SWOT Analysis 16.5.5.5. Key Developments 16.5.5.6. Strategy Overview 16.5.6. Appen 16.5.6.1. Overview 16.5.6.2. Product Portfolio 16.5.6.3. Key Financials 16.5.6.4. SWOT Analysis 16.5.6.5. Key Developments 16.5.6.6. Strategy Overview 16.5.7. translate plus 16.5.7.1. Overview 16.5.7.2. Product Portfolio 16.5.7.3. Key Financials 16.5.7.4. SWOT Analysis 16.5.7.5. Key Developments 16.5.7.6. Strategy Overview 16.5.8. Acolad Group 16.5.8.1. Overview 16.5.8.2. Product Portfolio 16.5.8.3. Key Financials 16.5.8.4. SWOT Analysis 16.5.8.5. Key Developments 16.5.8.6. Strategy Overview 16.5.9. Welocalize 16.5.9.1. Overview 16.5.9.2. Product Portfolio 16.5.9.3. Key Financials 16.5.9.4. SWOT Analysis 16.5.9.5. Key Developments 16.5.9.6. Strategy Overview 16.5.10. Hogarth Worldwide 16.5.10.1. Overview 16.5.10.2. Product Portfolio 16.5.10.3. Key Financials 16.5.10.4. SWOT Analysis 16.5.10.5. Key Developments 16.5.10.6. Strategy Overview 16.5.11. Poletowin Pitcrew Holdings 16.5.11.1. Overview 16.5.11.2. Product Portfolio 16.5.11.3. Key Financials 16.5.11.4. SWOT Analysis 16.5.11.5. Key Developments 16.5.11.6. Strategy Overview 16.5.12. STAR Group 16.5.12.1. Overview 16.5.12.2. Product Portfolio 16.5.12.3. Key Financials 16.5.12.4. SWOT Analysis 16.5.12.5. Key Developments 16.5.12.6. Strategy Overview 16.5.13. Pactera EDGE 16.5.13.1. Overview 16.5.13.2. Product Portfolio 16.5.13.3. Key Financials 16.5.13.4. SWOT Analysis 16.5.13.5. Key Developments 16.5.13.6. Strategy Overview 16.5.14. Pixelogic Media 16.5.14.1. Overview 16.5.14.2. Product Portfolio 16.5.14.3. Key Financials 16.5.14.4. SWOT Analysis 16.5.14.5. Key Developments 16.5.14.6. Strategy Overview 16.5.15. AMN Language Services 16.5.15.1. Overview 16.5.15.2. Product Portfolio 16.5.15.3. Key Financials 16.5.15.4. SWOT Analysis 16.5.15.5. Key Developments 16.5.15.6. Strategy Overview 16.5.16. CyraCom International 16.5.16.1. Overview 16.5.16.2. Product Portfolio 16.5.16.3. Key Financials 16.5.16.4. SWOT Analysis 16.5.16.5. Key Developments 16.5.16.6. Strategy Overview 16.5.17. Translation Bureau 16.5.17.1. Overview 16.5.17.2. Product Portfolio 16.5.17.3. Key Financials 16.5.17.4. SWOT Analysis 16.5.17.5. Key Developments 16.5.17.6. Strategy Overview 16.5.18. President Translation Service Group International (PTSGI) 16.5.18.1. Overview 16.5.18.2. Product Portfolio 16.5.18.3. Key Financials 16.5.18.4. SWOT Analysis 16.5.18.5. Key Developments 16.5.18.6. Strategy Overview 16.5.19. Dubbing Brothers 16.5.19.1. Overview 16.5.19.2. Product Portfolio 16.5.19.3. Key Financials 16.5.19.4. SWOT Analysis 16.5.19.5. Key Developments 16.5.19.6. Strategy Overview 16.5.20. Voice and Script International (VSI) 16.5.20.1. Overview 16.5.20.2. Product Portfolio 16.5.20.3. Key Financials 16.5.20.4. SWOT Analysis 16.5.20.5. Key Developments 16.5.20.6. Strategy Overview 16.5.21. GTCOM (Global Tone Communication Technology) 16.5.21.1. Overview 16.5.21.2. Product Portfolio 16.5.21.3. Key Financials 16.5.21.4. SWOT Analysis 16.5.21.5. Key Developments 16.5.21.6. Strategy Overview 16.5.22. Honyaku Center 16.5.22.1. Overview 16.5.22.2. Product Portfolio 16.5.22.3. Key Financials 16.5.22.4. SWOT Analysis 16.5.22.5. Key Developments 16.5.22.6. Strategy Overview 16.5.23. Thebigword 16.5.23.1. Overview 16.5.23.2. Product Portfolio 16.5.23.3. Key Financials 16.5.23.4. SWOT Analysis 16.5.23.5. Key Developments 16.5.23.6. Strategy Overview 16.5.24. United Language Group 16.5.24.1. Overview 16.5.24.2. Product Portfolio 16.5.24.3. Key Financials 16.5.24.4. SWOT Analysis 16.5.24.5. Key Developments 16.5.24.6. Strategy Overview 17. Assumptions & Acronyms Used 18. Research Methodology
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List Of Table
Table 01. Global Language Services Market Value (US$ Bn) and Forecast By Region, 2017-2021
Table 02. Global Language Services Market Value (US$ Bn) and Forecast By Region, 2022-2032
Table 03. Global Language Services Market Value (US$ Bn) and Forecast By Service, 2017-2021
Table 04. Global Language Services Market Value (US$ Bn) and Forecast By Service, 2022-2032
Table 05. Global Language Services Market Value (US$ Bn) and Forecast By End use industry, 2017-2021
Table 06. Global Language Services Market Value (US$ Bn) and Forecast By End use industry, 2022-2032
Table 07. North America Language Services Market Value (US$ Bn) and Forecast By Country, 2017-2021
Table 08. North America Language Services Market Value (US$ Bn) and Forecast By Country, 2022-2032
Table 09. North America Language Services Market Value (US$ Bn) and Forecast By Service, 2017-2021
Table 10. North America Language Services Market Value (US$ Bn) and Forecast By Service, 2022-2032
Table 11. North America Language Services Market Value (US$ Bn) and Forecast By End use industry, 2017-2021
Table 12. North America Language Services Market Value (US$ Bn) and Forecast By End use industry, 2022-2032
Table 13. Latin America Language Services Market Value (US$ Bn) and Forecast By Country, 2017-2021
Table 14. Latin America Language Services Market Value (US$ Bn) and Forecast By Country, 2022-2032
Table 15. Latin America Language Services Market Value (US$ Bn) and Forecast By Service, 2017-2021
Table 16. Latin America Language Services Market Value (US$ Bn) and Forecast By Service, 2022-2032
Table 17. Latin America Language Services Market Value (US$ Bn) and Forecast By End use industry, 2017-2021
Table 18. Latin America Language Services Market Value (US$ Bn) and Forecast By End use industry, 2022-2032
Table 19. Europe Language Services Market Value (US$ Bn) and Forecast By Country, 2017-2021
Table 20. Europe Language Services Market Value (US$ Bn) and Forecast By Country, 2022-2032
Table 21. Europe Language Services Market Value (US$ Bn) and Forecast By Service, 2017-2021
Table 22. Europe Language Services Market Value (US$ Bn) and Forecast By Service, 2022-2032
Table 23. Europe Language Services Market Value (US$ Bn) and Forecast By End use industry, 2017-2021
Table 24. Europe Language Services Market Value (US$ Bn) and Forecast By End use industry, 2022-2032
Table 25. East Asia Language Services Market Value (US$ Bn) and Forecast By Country, 2017-2021
Table 26. East Asia Language Services Market Value (US$ Bn) and Forecast By Country, 2022-2032
Table 27. East Asia Language Services Market Value (US$ Bn) and Forecast By Service, 2022-2032
Table 28. East Asia Language Services Market Value (US$ Bn) and Forecast By End use industry, 2017-2021
Table 29. East Asia Language Services Market Value (US$ Bn) and Forecast By End use industry, 2022-2032
Table 30. South Asia & Oceania Language Services Market Value (US$ Bn) and Forecast By Country, 2017-2021
Table 31. South Asia & Oceania Language Services Market Value (US$ Bn) and Forecast By Country, 2022-2032
Table 32. South Asia & Oceania Language Services Market Value (US$ Bn) and Forecast By Service, 2017-2021
Table 33. South Asia & Oceania Language Services Market Value (US$ Bn) and Forecast By Service, 2022-2032
Table 34. South Asia & Oceania Language Services Market Value (US$ Bn) and Forecast By End use industry, 2017-2021
Table 35. South Asia & Oceania Language Services Market Value (US$ Bn) and Forecast By End use industry, 2022-2032
Table 36. MEA Language Services Market Value (US$ Bn) and Forecast By Country, 2017-2021
Table 37. MEA Language Services Market Value (US$ Bn) and Forecast By Country, 2022-2032
Table 38. MEA Language Services Market Value (US$ Bn) and Forecast By Service, 2017-2021
Table 39. MEA Language Services Market Value (US$ Bn) and Forecast By Service, 2022-2032
Table 40. MEA Language Services Market Value (US$ Bn) and Forecast By End use industry, 2017-2021
Table 41. MEA Language Services Market Value (US$ Bn) and Forecast By End use industry, 2022-2032
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List Of Figures
Figure 01. Global Language Services Market Value (US$ Bn) Forecast, 2022-2032
Figure 02. Global Language Services Market Absolute $ Opportunity (US$ Bn), 2022-2032
Figure 03. Global Language Services Market Value (US$ Bn) By Region, 2022 & 2032
Figure 04. Global Language Services Market Y-o-Y Growth Rate By Region, 2022-2032
Figure 05. Global Language Services Market Value (US$ Bn) By Service, 2022 & 2032
Figure 06. Global Language Services Market Y-o-Y Growth Rate By Service, 2022-2032
Figure 07. Global Language Services Market Value (US$ Bn) By End use industry, 2022 & 2032
Figure 08. Global Language Services Market Y-o-Y Growth Rate By End use industry, 2022-2032
Figure 09. North America Language Services Market Value (US$ Bn) Forecast, 2022-2032
Figure 10. North America Language Services Market Absolute $ Opportunity (US$ Bn), 2022-2032
Figure 11. North America Language Services Market Value (US$ Bn) By Country, 2022 & 2032
Figure 12. North America Language Services Market Y-o-Y Growth Rate By Country, 2022-2032
Figure 13. North America Language Services Market Value (US$ Bn) By Service, 2022 & 2032
Figure 14. North America Language Services Market Y-o-Y Growth Rate By Service, 2022-2032
Figure 15. North America Language Services Market Value (US$ Bn) By End use industry, 2022 & 2032
Figure 16. North America Language Services Market Y-o-Y Growth Rate By End use industry, 2022-2032
Figure 17. North America Language Services Market Attractiveness Analysis By Country, 2022-2032
Figure 18. North America Language Services Market Attractiveness Analysis By Service, 2022-2032
Figure 19. North America Language Services Market Attractiveness Analysis By End use industry, 2022-2032
Figure 20. Latin America Language Services Market Value (US$ Bn) Forecast, 2022-2032
Figure 21. Latin America Language Services Market Absolute $ Opportunity (US$ Bn), 2022-2032
Figure 22. Latin America Language Services Market Value (US$ Bn) By Country, 2022 & 2032
Figure 23. Latin America Language Services Market Y-o-Y Growth Rate By Country, 2022-2032
Figure 24. Latin America Language Services Market Value (US$ Bn) By Service, 2022 & 2032
Figure 25. Latin America Language Services Market Y-o-Y Growth Rate By Service, 2022-2032
Figure 26. Latin America Language Services Market Value (US$ Bn) By End use industry, 2022 & 2032
Figure 27. Latin America Language Services Market Y-o-Y Growth Rate By End use industry, 2022-2032
Figure 28. Latin America Language Services Market Attractiveness Analysis By Country, 2022-2032
Figure 29. Latin America Language Services Market Attractiveness Analysis By Service, 2022-2032
Figure 30. Latin America Language Services Market Attractiveness Analysis By End use industry, 2022-2032
Figure 31. Europe Language Services Market Value (US$ Bn) Forecast, 2022-2032
Figure 32. Europe Language Services Market Absolute $ Opportunity (US$ Bn), 2022-2032
Figure 33. Europe Language Services Market Value (US$ Bn) By Country, 2022 & 2032
Figure 34. Europe Language Services Market Y-o-Y Growth Rate By Country, 2022-2032
Figure 35. Europe Language Services Market Value (US$ Bn) By Service, 2022 & 2032
Figure 36. Europe Language Services Market Y-o-Y Growth Rate By Service, 2022-2032
Figure 37. Europe Language Services Market Value (US$ Bn) By End use industry, 2022 & 2032
Figure 38. Europe Language Services Market Y-o-Y Growth Rate By End use industry, 2022-2032
Figure 39. Europe Language Services Market Attractiveness Analysis By Country, 2022-2032
Figure 40. Europe Language Services Market Attractiveness Analysis By Service, 2022-2032
Figure 41. Europe Language Services Market Attractiveness Analysis By End use industry, 2022-2032
Figure 42. East Asia Language Services Market Value (US$ Bn) Forecast, 2022-2032
Figure 43. East Asia Language Services Market Absolute $ Opportunity (US$ Bn), 2022-2032
Figure 44. East Asia Language Services Market Value (US$ Bn) By Country, 2022 & 2032
Figure 45. East Asia Language Services Market Y-o-Y Growth Rate By Country, 2022-2032
Figure 46. East Asia Language Services Market Value (US$ Bn) By Service, 2022 & 2032
Figure 47. East Asia Language Services Market Y-o-Y Growth Rate By Service, 2022-2032
Figure 48. East Asia Language Services Market Value (US$ Bn) By End use industry, 2022 & 2032
Figure 49. East Asia Language Services Market Y-o-Y Growth Rate By End use industry, 2022-2032
Figure 50. East Asia Language Services Market Attractiveness Analysis By Country, 2022-2032
Figure 51. East Asia Language Services Market Attractiveness Analysis By Service, 2022-2032
Figure 52. East Asia Language Services Market Attractiveness Analysis By End use industry, 2022-2032
Figure 53. South Asia & Oceania Language Services Market Value (US$ Bn) Forecast, 2022-2032
Figure 54. South Asia & Oceania Language Services Market Absolute $ Opportunity (US$ Bn), 2022-2032
Figure 55. South Asia & Oceania Language Services Market Value (US$ Bn) By Country, 2022 & 2032
Figure 56. South Asia & Oceania Language Services Market Y-o-Y Growth Rate By Country, 2022-2032
Figure 57. South Asia & Oceania Language Services Market Value (US$ Bn) By Service, 2022 & 2032
Figure 58. South Asia & Oceania Language Services Market Y-o-Y Growth Rate By Service, 2022-2032
Figure 59. South Asia & Oceania Language Services Market Value (US$ Bn) By End use industry, 2022 & 2032
Figure 60. South Asia & Oceania Language Services Market Y-o-Y Growth Rate By End use industry, 2022-2032
Figure 61. South Asia & Oceania Language Services Market Attractiveness Analysis By Country, 2022-2032
Figure 62. South Asia & Oceania Language Services Market Attractiveness Analysis By Service, 2022-2032
Figure 63. South Asia & Oceania Language Services Market Attractiveness Analysis By End use industry, 2022-2032
Figure 64. MEA Language Services Market Value (US$ Bn) Forecast, 2022-2032
Figure 65. MEA Language Services Market Absolute $ Opportunity (US$ Bn), 2022-2032
Figure 66. MEA Language Services Market Value (US$ Bn) By Country, 2022 & 2032
Figure 67. MEA Language Services Market Y-o-Y Growth Rate By Country, 2022-2032
Figure 68. MEA Language Services Market Value (US$ Bn) By Service, 2022 & 2032
Figure 69. MEA Language Services Market Y-o-Y Growth Rate By Service, 2022-2032
Figure 70. MEA Language Services Market Value (US$ Bn) By End use industry, 2022 & 2032
Figure 71. MEA Language Services Market Y-o-Y Growth Rate By End use industry, 2022-2032
Figure 72. MEA Language Services Market Attractiveness Analysis By Country, 2022-2032
Figure 73. MEA Language Services Market Attractiveness Analysis By Service, 2022-2032
Figure 74. MEA Language Services Market Attractiveness Analysis By End use industry, 2022-2032
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- FAQs -
How much revenue is being generated through language services?
The global language services market is valued at US$ 60.63 billion in 2022.
How is the market for language services expected to fare in the future?
The market for language services is anticipated to reach US$ 96.21 billion by 2032.
How fast did the market expand over the past few years?
From 2017 to 2021, revenue from the sales of language services increased at 4.8% CAGR.
Which region accounts for the most demand for language services?
North America accounts for 41.3% share of the global language services market.
Which type of language service is most widely demanded?
Localization leads and accounts for 23% market share.
Language Services Market