Language Services Market Size To Hit US$ 98.6 Billion By 2028 | IMARC Group

IMARC Group has recently released a new research study titled “Language Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. The global language services market size reached US$ 67.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 98.6 Billion by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.

Language services are solutions that facilitate communication between individuals or organizations with different languages and cultures. They include translation, website localization, interpretation, localization, and language training as standard services. Some of the prominent advantages of language services include improved communication and understanding, enhanced cross-cultural collaboration, and expanded business opportunities. They are essential for global businesses that operate in multiple countries and need to communicate effectively with customers, partners, and employees.

Request for a Free Sample Copy of this Report:
https://www.imarcgroup.com/language-services-market/requestsample

Language Services Market Trends:

The global language services market is primarily accelerated by rapid advancements in the information technology (IT) and telecommunications industry, which have led to the development of accurate translation and interpretation software. With globalization and improved internet connectivity, companies are adopting translation services to cater to their international clients and efficiently express their services, which, in turn, is creating a positive outlook for the market. Moreover, the growing popularity of social media platforms has surged the demand for visual translations and content localization, which is driving the market growth. Furthermore, increasing investments in language services and the influx of translation and interpretation outsourcing are contributing to the market growth. Other factors, such as the surging product demand in various sectors, such as international business tourism, medical tourism, leisure tourism, and on-site work stays, and rapid technological advancements, are propelling the market growth.


Language Services Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the language services market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Global Linguist Solutions, LLC
  • Hogarth Worldwide
  • Keywords Studios Plc
  • LanguageLine Solutions (Teleperformance)
  • Lionbridge Technologies, Inc.
  • Mission Essential Personnel
  • RWS Holdings plc
  • SDI Media
  • SDL plc
  • TransPerfect Solutions

Key Market Segmentation:

The report has segmented the global language services market based on service, component, application and region.

Breakup by Service:

  • Translation Services
  • Interpretation Services
  • Others

Breakup by Component:

  • Software
  • Hardware

Breakup by Application:

  • IT and Telecommunications
  • Commercial
  • Government
  • Automotive
  • Healthcare
  • Others

Breakup by Region:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2216&flag=C

Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Other Reports by IMARC Group:

Military Robots Market: https://bit.ly/41xRlrO

Travel Insurance Market: https://bit.ly/3okiksG

Car Rental Market: https://bit.ly/3mHSo9P

India Renewable Energy Market: https://bit.ly/41Di9Xw

Latin America Business Travel Market: https://bit.ly/3oli6l0

India Dietary Supplements Market: https://bit.ly/3mIErsc

Africa E-Learning Market: https://bit.ly/3A5r8oM

Specialty Chemicals Market: https://bit.ly/43Ex3yF

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com/

Popular posts from this blog

GCC LED Lighting Market Size, Trends, Growth, Forecast & Industry Report 2024-2032

Image
According to IMARC Group, the GCC led lighting market share reached us$ 876.9 million in 2023 . Looking forward, Imarc group expects the market to reach us$ 2,174.9 million by 2032, exhibiting a growth rate (CAGR) of 10.3% during 2024-2032. The report has segmented the market by product type (panel lights, down lights, street lights, and others), application (residential, commercial, industrial, and others), import and domestic manufacturing (imports, domestic manufacturing), public and private sectors (public sector, private sector), outdoor and indoor application (indoor, outdoor), and region. Request to Get the Sample Report: https://www.imarcgroup.com/gcc-led-lighting-market/requestsample What is the LED Lighting Market ? Light Emitting Diode (LED) lighting has emerged as a transformative technology in the field of illumination, revolutionizing the lighting solutions are perceived and utilized. LEDs are semiconductor devices that emit light when an electrical current passes...
Read more

Blood Group Typing Market Size, Key Facts, Dynamics, Segments and Forecast Report 2023-2028

Image
  The new report by Expert Market Research titled, ‘Global  Blood Group Typing Market Size , Trend, Growth, Analysis, Report and Forecast 2023-2028’, gives an in-depth analysis of the global blood group typing market. It assesses the market based on its segments like offerings, techniques, test types, end-uses, and major regions. Get a Free Sample Report with Table of Contents@   https://www.expertmarketresearch.com/reports/blood-group-typing-market/requestsample The key highlights of the report include: Market Overview 2018-2028 • Historical Market Size (2021):  USD 2 billion • Forecast CAGR (2023-2028):  9.10% • Forecast Market Size (2027):  USD 3.37 billion The market for blood group typing is being driven by the increasing prevalence of chronic diseases, along with the rising demand for blood from various end-users such as hospitals and clinics, research institutes, and blood banks, among others. The increasing number of emergencies and road accidents t...
Read more

Global Civil Engineering Market Size to Grow at a CAGR of 5.2% in the Forecast Period of 2023-2028

Image
The ‘Global   Civil Engineering Market Growth , Size, Share, Trend, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global civil engineering market, assessing the market on the basis of its segments like services, applications, customers, and major regions. The report studies the latest updates in the market, along with their impact across the market. It is also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models. Civil Engineering Market Share, Size, Industry Report, Key Player, Major Segments, and Forecast The key highlights of the report include: Market Overview (2018-2028) • Forecast CAGR (2023-2028):  5.2% Civil engineering provides efficient and reliable assistance in building large structures, ensures environmental safety, facilitates coordination with transportation to manage traffic, and enables the understa...
Read more