Global Language Services Market to Grow by $21+ Billion During 2021-2025 - Globalization of Businesses Translates to Major Demand

Dublin, Sept. 22, 2021 (GLOBE NEWSWIRE) -- The "Global Language Services Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.

The global language services market is poised to grow by US$ 21.67 billion during 2021-2025, progressing at a CAGR of 6.64% during the forecast period.

The market is driven by technology adoption to enhance language translation process efficiency and increased government spending on language services. The study identifies the globalization of businesses as one of the prime reasons driving the language services market growth during the next few years.

Report Scope

This report on the language services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment.

The global language services market is segmented as below:

• By End-user

  • Healthcare

  • ICT

  • BFSI

  • Government

  • Others

• By Geographical Landscape

  • Europe

  • North America

  • APAC

  • South America

  • MEA

The report covers the following areas:

• Language services market sizing

• Language services market forecast

• Language services market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading language services market vendors that include:

• Acolad

• APPEN Ltd.

• Iyuno SDI Group

• Keywords Studios Plc

• LanguageLine Solutions

• Lionbridge Technologies LLC

• SDL Ltd.

• Star Group

• TransPerfect Global Inc.

• Welocalize Inc.

Also, the language services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

Key Topics Covered

Executive Summary

• Market overview

Market Landscape

• Market ecosystem

• Value chain analysis

Market Sizing

• Market definition

• Market segment analysis

• Market size 2020

• Market outlook: Forecast for 2020-2025

Five Forces Analysis

• Bargaining power of buyers

• Bargaining power of suppliers

• Threat of new entrants

• Threat of substitutes

• Threat of rivalry

• Market condition

Market Segmentation by End-user

• Market segments

• Comparison by End-user

• Healthcare - Market size and forecast 2020-2025

• ICT - Market size and forecast 2020-2025

• BFSI - Market size and forecast 2020-2025

• Government - Market size and forecast 2020-2025

• Others - Market size and forecast 2020-2025

• Market opportunity by End-user

Customer Landscape

• Overview

Geographic Landscape

• Geographic segmentation

• Geographic comparison

• Europe - Market size and forecast 2020-2025

• North America - Market size and forecast 2020-2025

• APAC - Market size and forecast 2020-2025

• South America - Market size and forecast 2020-2025

• MEA - Market size and forecast 2020-2025

• Key leading countries

• Market opportunity By Geographical Landscape

• Market drivers

• Market challenges

• Market trends

Vendor Landscape

• Overview

• Landscape disruption

Vendor Analysis

• Vendors covered

• Market positioning of vendors

For more information about this report visit https://www.researchandmarkets.com/r/9fo54

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