MARKET INTRODUCTION

The translation service is the service that transforms one form of language into another. With the rise in customer outreach, the translation services industry has streamlined the provision of service, by using technologies and tools that assist in keeping the translation process flexible, consistent, and adaptable. Further, a growing number of industries across the globe are rising demand for the translation interpretation, and language conversion services which significantly boosting the translation services market growth.

MARKET DYNAMICS

As companies make their services available through the Internet, the rising requirement of translation of webs content and websites are increased which rising demand for the translation services market. However, the high cost of translation services may restraint the translation service market growth during the forecast period. Moreover, as the growing geographical outreach of companies, thereby increasing the foreign client base and thus develops a need for translation, this factor is also booming the growth of the translation services market.

MARKET SCOPE

The "Global Translation Services Market Analysis to 2027" is a specialized and in-depth study of the Translation services industry with a special focus on the global market trend analysis. The report aims to provide an overview Translation services market with detailed market segmentation type, service, end-user, and geography. The global translation services market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Translation services market players and offers key trends and opportunities in the Translation services market.

MARKET SEGMENTATION

The global Translation services market is segmented on the basis type, service, end-user. On the basis of type the market is segmented as written translation services, interpretation services. On the basis of service the market is segmented as technical translation, commercial translation, machine translation, others. On the basis of end-user the market is segmented as BFSI, legal, tourism and travel, government, healthcare, others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Translation services market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The translation services market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting translation services market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the translation services market in these regions.

MARKET PLAYERS

The reports cover key developments in the Translation services market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Translation services market are anticipated to lucrative growth opportunities in the future with the rising demand for translation services in the global market. Below mentioned is the list of few companies engaged in the translation services market.

The report also includes the profiles of key Translation services companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

- Gengo, Inc.
- GlobaLexicon Ltd.
- LanguageLine Solutions
- Lionbridge Technologies, Inc.
- Mars Translation
- SDL PLC
- Semantix
- Tomedes
- TransPerfect Translations International, Inc.
- Yamagata Corporation