Change Language

Select Language

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Language Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview 2022-2027:

The global language services market reached a value of US$ 62.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 96.1 Billion by 2027, exhibiting at a CAGR of 7.5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Language services stand for the set of language assistance solutions that offer varying degrees of interpretation, translation, comprehension, localization, and other training services. They include a wide range of electronic, written, and multimedia materials for transcription, dubbing, narration, voice-over, etc. Language services provide several benefits, such as effective communication, wide geographical outreach, high accuracy rate, skill development, along with offering a highly interactive learning platform to the users. Further, the adoption of these services promotes the integration of technology with human communication. Owing to this, language services are widely employed across diverse sectors, including legal, medical, IT and telecommunication, education, automotive, and BFSI.

 

 
 

www.imarcgroup.com

Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

Language Services Market Trends:

The rising demand for language services can be attributed to the rapid advancements in the IT and telecommunication industry leading to software development for accurate translation and interpretation results. In addition to this, rapid globalization coupled with improving internet connectivity has further augmented the growing need for language services. With increasing geographical outreach, various companies are opting for translation services. This provides convenience to their international clients and allows companies to efficiently express their services. Furthermore, the growing consumer inclination towards language services for multilingual and cross-cultural communication to create an efficient and quicker learning platform has also led to its increasing global adoption. Additionally, the rising influence of social media platforms resulting in the popularity of visual translations and content localization, is also driving the demand. Apart from this, the increasing investments in the field of language services coupled with the rapid influx of translation and interpretation outsourcing have also contributed to the strong market growth. Moreover, the increasing need for language services pertaining to international business tourism, medical tourism, leisure tourism, on-site work stays, etc., is also catalyzing the market. In the educational sector, customized foreign language training courses are being offered at on-site and off-site locations in classroom, private, semi-private, tutorial, and in-country immersion forums, thereby driving the demand for language services. In the coming years, several technological upgradations along with the emergence of artificial intelligence in the sector are expected to fuel the growth of the global language service market. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global language services market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on service, component and application.

Breakup by Service:

 

 
 

www.imarcgroup.com

Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

  • Translation Services
  • Interpretation Services
  • Others
     

Breakup by Component:

  • Software
  • Hardware
     

Breakup by Application:

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

Breakup by Region:

 

 
 

www.imarcgroup.com

To get more information on the regional analysis of this market, Request Sample

  • North America
    • United States
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Sweden
    • Russia
    • Netherlands
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Others
  • Middle East and Africa
    • Turkey
    • Saudi Arabia
    • Iran
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
       

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being 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, and TransPerfect Translations.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Service, Component, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Sweden, Russia, Netherlands, China, Japan, India, South Korea, Australia, Turkey, Saudi Arabia, Iran, Brazil, Mexico
Companies Covered 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, and TransPerfect Translations
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Language Services Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Service
    6.1    Translation Services
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Interpretation Services
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Others
        6.3.1 Market Trends
        6.3.2 Market Forecast
7   Market Breakup by Component
    7.1    Software
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Hardware
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market Breakup by Application
    8.1    IT and Telecommunications 
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Commercial
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Government 
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Automotive
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Healthcare
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Others
        8.6.1 Market Trends
        8.6.2 Market Forecast
9   Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Europe
        9.2.1 United Kingdom
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Germany
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 France
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 Sweden
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Russia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Netherlands
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Asia Pacific
        9.3.1 China
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 Japan
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 India
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 South Korea
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Australia
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Others
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
    9.4    Middle East and Africa
        9.4.1 Turkey
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Saudi Arabia
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Iran
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
        9.4.4 Others
           9.4.4.1 Market Trends
           9.4.4.2 Market Forecast 
    9.5    Latin America
        9.5.1 Brazil
           9.5.1.1 Market Trends
           9.5.1.2 Market Forecast
        9.5.2 Mexico
           9.5.2.1 Market Trends
           9.5.2.2 Market Forecast
        9.5.3 Others
           9.5.3.1 Market Trends
           9.5.3.2 Market Forecast
10  SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis
12  Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13  Competitive Landscape
    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Global Linguist Solutions, LLC
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio 
           13.3.1.3 Financials
           13.3.1.4 SWOT Analysis
        13.3.2    Hogarth Worldwide
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio 
           13.3.2.3 Financials
           13.3.2.4 SWOT Analysis
        13.3.3    Keywords Studios plc
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio 
           13.3.3.3 Financials
           13.3.3.4 SWOT Analysis
        13.3.4    LanguageLine Solutions (Teleperformance)
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio 
           13.3.4.3 Financials
           13.3.4.4 SWOT Analysis
        13.3.5    Lionbridge Technologies, inc.
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio 
           13.3.5.3 Financials
           13.3.5.4 SWOT Analysis
        13.3.6    Mission Essential Personnel
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio 
           13.3.6.3 Financials
           13.3.6.4 SWOT Analysis
        13.3.7    RWS Holdings plc 
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio 
           13.3.7.3 Financials
           13.3.7.4 SWOT Analysis
        13.3.8    SDI Media Group Inc.
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio 
           13.3.8.3 Financials
           13.3.8.4 SWOT Analysis
        13.3.9    SDL plc
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio 
           13.3.9.3 Financials
           13.3.9.4 SWOT Analysis
        13.3.10    TransPerfect Solutions
           13.3.10.1 Company Overview
           13.3.10.2 Product Portfolio 
           13.3.10.3 Financials
           13.3.10.4 SWOT Analysis

List of Figures

Figure 1: Global: Language Services Market: Key Trends
Figure 2: Global: Language Services Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Language Services Market: Breakup by Service (in %), 2021
Figure 4: Global: Language Services Market: Breakup by Component (in %), 2021
Figure 5: Global: Language Services Market: Breakup by Application (in %), 2021
Figure 6: Global: Language Services Market: Breakup by Region (in %), 2021
Figure 7: Global: Language Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 8: Global: Language Services (Translation) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 9: Global: Language Services (Translation) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 10: Global: Language Services (Interpretation) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 11: Global: Language Services (Interpretation) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 12: Global: Language Services (Other Services) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 13: Global: Language Services (Other Services) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 14: Global: Language Services (Software) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 15: Global: Language Services (Software) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 16: Global: Language Services (Hardware) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 17: Global: Language Services (Hardware) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 18: Global: Language Services (IT and Communications) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 19: Global: Language Services (IT and Communications) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 20: Global: Language Services (Commercial) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 21: Global: Language Services (Commercial) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 22: Global: Language Services (Government) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 23: Global: Language Services (Government) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 24: Global: Language Services (Automotive) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 25: Global: Language Services (Automotive) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 26: Global: Language Services (Healthcare) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 27: Global: Language Services (Healthcare) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 28: Global: Language Services (Other Applications) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 29: Global: Language Services (Other Applications) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 30: North America: Language Services Market: Sales Value (in Billion US$), 2016 & 2021
Figure 31: North America: Language Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 32: United States: Language Services Market: Sales Value (in Billion US$), 2016 & 2021
Figure 33: United States: Language Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 34: Canada: Language Services Market: Sales Value (in Billion US$), 2016 & 2021
Figure 35: Canada: Language Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 36: Europe: Language Services Market: Sales Value (in Billion US$), 2016 & 2021
Figure 37: Europe: Language Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 38: United Kingdom: Language Services Market: Sales Value (in Billion US$), 2016 & 2021
Figure 39: United Kingdom: Language Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 40: Germany: Language Services Market: Sales Value (in Billion US$), 2016 & 2021
Figure 41: Germany: Language Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 42: France: Language Services Market: Sales Value (in Billion US$), 2016 & 2021
Figure 43: France: Language Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 44: Sweden: Language Services Market: Sales Value (in Billion US$), 2016 & 2021
Figure 45: Sweden: Language Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 46: Russia: Language Services Market: Sales Value (in Billion US$), 2016 & 2021
Figure 47: Russia: Language Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 48: Netherlands: Language Services Market: Sales Value (in Billion US$), 2016 & 2021
Figure 49: Netherlands: Language Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 50: Others: Language Services Market: Sales Value (in Billion US$), 2016 & 2021
Figure 51: Others: Language Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 52: Asia Pacific: Language Services Market: Sales Value (in Billion US$), 2016 & 2021
Figure 53: Asia Pacific: Language Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 54: China: Language Services Market: Sales Value (in Billion US$), 2016 & 2021
Figure 55: China: Language Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 56: Japan: Language Services Market: Sales Value (in Billion US$), 2016 & 2021
Figure 57: Japan: Language Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 58: India: Language Services Market: Sales Value (in Billion US$), 2016 & 2021
Figure 59: India: Language Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 60: South Korea: Language Services Market: Sales Value (in Billion US$), 2016 & 2021
Figure 61: South Korea: Language Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 62: Australia: Language Services Market: Sales Value (in Billion US$), 2016 & 2021
Figure 63: Australia: Language Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 64: Others: Language Services Market: Sales Value (in Billion US$), 2016 & 2021
Figure 65: Others: Language Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 66: Middle East and Africa: Language Services Market: Sales Value (in Billion US$), 2016 & 2021
Figure 67: Middle East and Africa: Language Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 68: Turkey: Language Services Market: Sales Value (in Billion US$), 2016 & 2021
Figure 69: Turkey: Language Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 70: Saudi Arabia: Language Services Market: Sales Value (in Billion US$), 2016 & 2021
Figure 71: Saudi Arabia: Language Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 72: Iran: Language Services Market: Sales Value (in Billion US$), 2016 & 2021
Figure 73: Iran: Language Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 74: Others: Language Services Market: Sales Value (in Billion US$), 2016 & 2021
Figure 75: Others: Language Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 76: Latin America: Language Services Market: Sales Value (in Billion US$), 2016 & 2021
Figure 77: Latin America: Language Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 78: Brazil: Language Services Market: Sales Value (in Billion US$), 2016 & 2021
Figure 79: Brazil: Language Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 80: Mexico: Language Services Market: Sales Value (in Billion US$), 2016 & 2021
Figure 81: Mexico: Language Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 82: Others: Language Services Market: Sales Value (in Billion US$), 2016 & 2021
Figure 83: Others: Language Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 84: Global: Language Services Industry: SWOT Analysis
Figure 85: Global: Language Services Industry: Value Chain Analysis
Figure 86: Global: Language Services Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Language Services Market: Key Industry Highlights, 2021and 2027
Table 2: Global: Language Services Market Forecast: Breakup by Service (in Billion US$), 2022-2027
Table 3: Global: Language Services Market Forecast: Breakup by Component (in Billion US$), 2022-2027
Table 4: Global: Language Services Market Forecast: Breakup by Application (in Billion US$), 2022-2027
Table 5: Global: Language Services Market Forecast: Breakup by Region (in Billion US$), 2022-2027
Table 6: Global: Language Services Market: Competitive Structure
Table 7: Global: Language Services Market: Key Players    


Note: We value your privacy and will never rent or sell your email address. Privacy policy

Key Questions Answered in This Report

The global language services market was valued at US$ 62.6 Billion in 2021.

We expect the global language services market to exhibit a CAGR of 7.5% during 2022-2027.

The rising instances of international business tourism, medical tourism, leisure tourism, on-site work
stays, etc., are primarily driving the global language services market.

The sudden outbreak of the COVID-19 pandemic has led to the growing inclination towards language
services solution among individuals to remotely generate effective communication, wide
geographical outreach, high accuracy rate, and skill development.

Based on the service, the global language services market can be categorized into translation
services, interpretation services, and others. Currently, translation services exhibit clear dominance
in the market.

Based on the component, the global language services market has been segmented into hardware
and software, where software represents the largest market share.

Based on the application, the global language services market can be bifurcated into IT and
telecommunications, commercial, government, automotive, healthcare, and others. Among these,
the IT and telecommunication sector accounts for the majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle
East and Africa, and Latin America, where Europe currently dominates the global market.

Some of the major players in the global language services market 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, and
TransPerfect Translations.

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Purchase Options




$ 2499

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )


Drop us an email at

sales@imarcgroup.com

Social Links