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- Global Translation Services Market – Size, Outlook, Trends and Forecast (2020 – 2026)
Translation is communication of meaning from one language to other languages. The purpose of translation is to convey the original quality, tone, essence, and intent of the message. Humans have used the translation from centuries after the arrival of literature. Modern day translation services rely on new technologies which use software to simplify the translation of languages. Organizations around the world use translations for the business purposes, missions, mandates, user reviews, reports and many more.
Global Translation Services Market Size & Growth:
The global translation services market is estimated to reach $XX Billion by 2025, at a CAGR of XX% from $XX Billion in 2019 during the forecast period 2019-2025. The critical factors responsible for the global translation services market growth are globalisation, substantial technological advancements, growing geographical outreach and increase in foreign client base. One to one correlation between words, inevitable loss of intended meaning and machines cannot be able to translate the context are hampering the global translation market growth during the forecast period. The significant challenges facing by the global translation services market are the level of accuracy is very low, and it can be improved. Use of artificial intelligence to translate the languages are creating profitable opportunities for the market growth during 2019-2025.
Global Translation Services Market Segments Share:
The global translation services market is segmented based on the type, service, component, application and geography. By type, the global translation services market is segregated into technical and machine translation. Among the type segment, technical translation segment is expected to register the highest growth in the global translation services market, and machine translation holds the largest market share in the global translation services market. By service, the market is categorised into written service and interpretation service. Among these, written service is expected to register the highest growth in the global translation services market, and Interpretation services hold the largest market share during the forecast period. It is mainly due to Huge technological advancement, growing geographical outreach of enterprises, increase in foreign client base. By component, the market is segmented into hardware and software. Among these, the software segment shows the significant growth. By geography, North America holds the largest market share in the global translation services market due to the huge technological development and growing geographical outreach. Europe is expected to register the highest growth in global translation services market due to increase in foreign client base.
Global Translation Services Market Trends:
- 2018: Google announces Auto ML vision, natural language, translation and contacts Artificial intelligence centre.
- 2017: Globalexion Company has announced that its expansion of language services in the operations centre.
- 2018: SDL company has announced its collaboration with the Veeva technology program to provide quality translation services.
- 2018: Language line solutions recognised as CIO 100 winner due to its translation services has been worldwide popular.
Global Translation Services Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have a complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried out to understand the market more comprehensively.
Regional and Global Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact on altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The primary critical players in the Global Translation Services Market are:
Language line solutions
- Lionbridge
- TransPerfect
- SDL translations
- Globalexion
- Global language solutions Inc.
Along with these companies, there were many other companies considered/ cited in the report while analysing the global Translation Services market. These companies hold substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and stable customer base.
1.Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. The scope of the Study
2.Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Analytic Tools and Model
2.4. Economic Indicator
2.4.1. Base Year, Base Currency, Forecasting Period
2.5. Expert Validation
2.6. Study Timeline
3.Market Analysis
3.1. Industry Value Chain Analysis
3.2. Porter’s Five Analysis
3.2.1. Bargaining Power of Buyers
3.2.2. Bargaining Power of Suppliers
3.2.3. Threats of Substitutes
3.2.4. Threats of New Entrants
3.2.5. Industry Rivalry
3.3. Pestle Analysis
3.3.1. Political
3.3.2. Economical
3.3.3. Social
3.3.4. Technological
3.3.5. Legal
3.3.6. Environmental
3.4. SWOT Analysis
3.4.1. Strengths
3.4.2. Weakness
3.4.3. Opportunities
3.4.4. Threats
3.5. Y-O-Y Analyses
4.Market Dynamics
4.1. Drivers
4.1.1. Globalization
4.1.2. Huge technological advancement
4.1.3. Growing geographical outreach of enterprises
4.1.4. Increase in foreign client base
4.2. Restraints
4.2.1. One to one correlations between words
4.2.2. The inevitable loss of intended meaning
4.2.3. Machines can’t translate context
4.3. Opportunities
4.3.1. Use of artificial intelligence for translations
4.4. Challenges
4.4.1. Level of accuracy can be increased
5.Global Translation Services Market– By Operation Type
5.1. Technical translation
5.2. Machine translation
6.Global Translation Services Market – By Service
6.1. Written service
6.2. Interpretation service
7.Global Translation Services Market– By Component
7.1. Hardware
7.2. Software
8.Global Translation Services Market– By Application
8.1. Commercial
8.2. Automotive
8.3. IT & telecommunications
8.4. Healthcare
8.5. Government
8.6. Others
9.Global Translation Services Market Market– By Geography
9.1. Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. South America
9.3.1. Brazil
9.3.2. Argentina
9.3.3. Others
9.4. Europe
9.4.1. U.K.
9.4.2. Germany
9.4.3. France
9.4.4. Italy
9.4.5. Spain
9.4.6. Others
9.5. Asia Pacific
9.5.1. China
9.5.2. Japan
9.5.3. India
9.5.4. Australia & New Zealand
9.5.5. South Korea
9.5.6. Others
9.6. Middle East & Africa
9.6.1. Middle East
9.6.2. Africa
10.Global Translation Services Market– Company Profiles
10.1. Language line solutions
10.2. Lionbridge
10.3. TransPerfect
10.4. SDL translations
10.5. Globalexion
10.6. Global language solutions Inc.
10.7. Ingco internationals
10.8. Straker translations
10.9. Mars translation services
10.10. Gengo
10.11. One Hour Translation
10.12. Foreign translations
10.13. CLS communication
10.14. Net translators
10.15. Dynamic language
10.16. Net translation services
10.17. One planet
11. Global Translation Services Market- Competitive Landscape
11.1. Market Share Analysis
11.2. Strategies Adopted by top companies
11.3. Mergers, Acquisitions, Collaborations & Agreements
12.Market Insights
12.1. Industry Experts Insights
12.2. Analysts Opinions
12.3. Investment Opportunities
13.Appendix
13.1. List of tables
13.2. List of figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
Global Report
$2,700.00 – $8,100.00
- EUR: €2,561.91 - €7,685.74
- INR: ₹224,524.77 - ₹673,574.30
- AED: د.إ9,909.00 - د.إ29,727.00
- GBP: £2,211.78 - £6,635.33
Additional information
| Report Type | Extensive Report, Miniature report, Snapshot Report |
|---|---|
| Licence | Single User License, Team License, Corporate License |
Translation is communication of meaning from one language to other languages. The purpose of translation is to convey the original quality, tone, essence, and intent of the message. Humans have used the translation from centuries after the arrival of literature. Modern day translation services rely on new technologies which use software to simplify the translation of languages. Organizations around the world use translations for the business purposes, missions, mandates, user reviews, reports and many more.
Global Translation Services Market Size & Growth:
The global translation services market is estimated to reach $XX Billion by 2025, at a CAGR of XX% from $XX Billion in 2019 during the forecast period 2019-2025. The critical factors responsible for the global translation services market growth are globalisation, substantial technological advancements, growing geographical outreach and increase in foreign client base. One to one correlation between words, inevitable loss of intended meaning and machines cannot be able to translate the context are hampering the global translation market growth during the forecast period. The significant challenges facing by the global translation services market are the level of accuracy is very low, and it can be improved. Use of artificial intelligence to translate the languages are creating profitable opportunities for the market growth during 2019-2025.
Global Translation Services Market Segments Share:
The global translation services market is segmented based on the type, service, component, application and geography. By type, the global translation services market is segregated into technical and machine translation. Among the type segment, technical translation segment is expected to register the highest growth in the global translation services market, and machine translation holds the largest market share in the global translation services market. By service, the market is categorised into written service and interpretation service. Among these, written service is expected to register the highest growth in the global translation services market, and Interpretation services hold the largest market share during the forecast period. It is mainly due to Huge technological advancement, growing geographical outreach of enterprises, increase in foreign client base. By component, the market is segmented into hardware and software. Among these, the software segment shows the significant growth. By geography, North America holds the largest market share in the global translation services market due to the huge technological development and growing geographical outreach. Europe is expected to register the highest growth in global translation services market due to increase in foreign client base.
Global Translation Services Market Trends:
- 2018: Google announces Auto ML vision, natural language, translation and contacts Artificial intelligence centre.
- 2017: Globalexion Company has announced that its expansion of language services in the operations centre.
- 2018: SDL company has announced its collaboration with the Veeva technology program to provide quality translation services.
- 2018: Language line solutions recognised as CIO 100 winner due to its translation services has been worldwide popular.
Global Translation Services Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have a complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried out to understand the market more comprehensively.
Regional and Global Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact on altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The primary critical players in the Global Translation Services Market are:
Language line solutions
- Lionbridge
- TransPerfect
- SDL translations
- Globalexion
- Global language solutions Inc.
Along with these companies, there were many other companies considered/ cited in the report while analysing the global Translation Services market. These companies hold substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and stable customer base.
1.Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. The scope of the Study
2.Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Analytic Tools and Model
2.4. Economic Indicator
2.4.1. Base Year, Base Currency, Forecasting Period
2.5. Expert Validation
2.6. Study Timeline
3.Market Analysis
3.1. Industry Value Chain Analysis
3.2. Porter’s Five Analysis
3.2.1. Bargaining Power of Buyers
3.2.2. Bargaining Power of Suppliers
3.2.3. Threats of Substitutes
3.2.4. Threats of New Entrants
3.2.5. Industry Rivalry
3.3. Pestle Analysis
3.3.1. Political
3.3.2. Economical
3.3.3. Social
3.3.4. Technological
3.3.5. Legal
3.3.6. Environmental
3.4. SWOT Analysis
3.4.1. Strengths
3.4.2. Weakness
3.4.3. Opportunities
3.4.4. Threats
3.5. Y-O-Y Analyses
4.Market Dynamics
4.1. Drivers
4.1.1. Globalization
4.1.2. Huge technological advancement
4.1.3. Growing geographical outreach of enterprises
4.1.4. Increase in foreign client base
4.2. Restraints
4.2.1. One to one correlations between words
4.2.2. The inevitable loss of intended meaning
4.2.3. Machines can’t translate context
4.3. Opportunities
4.3.1. Use of artificial intelligence for translations
4.4. Challenges
4.4.1. Level of accuracy can be increased
5.Global Translation Services Market– By Operation Type
5.1. Technical translation
5.2. Machine translation
6.Global Translation Services Market – By Service
6.1. Written service
6.2. Interpretation service
7.Global Translation Services Market– By Component
7.1. Hardware
7.2. Software
8.Global Translation Services Market– By Application
8.1. Commercial
8.2. Automotive
8.3. IT & telecommunications
8.4. Healthcare
8.5. Government
8.6. Others
9.Global Translation Services Market Market– By Geography
9.1. Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. South America
9.3.1. Brazil
9.3.2. Argentina
9.3.3. Others
9.4. Europe
9.4.1. U.K.
9.4.2. Germany
9.4.3. France
9.4.4. Italy
9.4.5. Spain
9.4.6. Others
9.5. Asia Pacific
9.5.1. China
9.5.2. Japan
9.5.3. India
9.5.4. Australia & New Zealand
9.5.5. South Korea
9.5.6. Others
9.6. Middle East & Africa
9.6.1. Middle East
9.6.2. Africa
10.Global Translation Services Market– Company Profiles
10.1. Language line solutions
10.2. Lionbridge
10.3. TransPerfect
10.4. SDL translations
10.5. Globalexion
10.6. Global language solutions Inc.
10.7. Ingco internationals
10.8. Straker translations
10.9. Mars translation services
10.10. Gengo
10.11. One Hour Translation
10.12. Foreign translations
10.13. CLS communication
10.14. Net translators
10.15. Dynamic language
10.16. Net translation services
10.17. One planet
11. Global Translation Services Market- Competitive Landscape
11.1. Market Share Analysis
11.2. Strategies Adopted by top companies
11.3. Mergers, Acquisitions, Collaborations & Agreements
12.Market Insights
12.1. Industry Experts Insights
12.2. Analysts Opinions
12.3. Investment Opportunities
13.Appendix
13.1. List of tables
13.2. List of figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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