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Language Service Market: Size, Trends & Forecasts (2021-2025 Edition)

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    Report

  • 57 Pages
  • March 2022
  • Region: Global
  • Daedal Research
  • ID: 5309768
Description Jump to:
The report provides analysis of the global language service market, with detailed analysis of market size and growth, and segmentation of the industry. The analysis includes the market by value, by growth rate, and by segmentation.



Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global language service market has also been forecasted till the year 2025, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

TransPerfect, Lionbridge, Teleperformance (LanguageLine Solutions) and RWS Holding are some of the key players operating in the global language service market, whose company profiling has been done in the report. In this segment of the report, business overview, financial overview and business strategies of the companies are provided.

Company Coverage


  • TransPerfect
  • Lionbridge
  • Teleperformance (LanguageLine Solutions)
  • RWS Holding

Table of Contents

1. Executive Summary
2. Introduction
2.1 Language Service Industry: An Overview
2.1.1 Language Service Industry: Meaning
2.1.2 Segments of Language Service
2.1.3 Language Service Provider in Terms of Structure
2.1.4 Benefits of Working with a Small-Scale Language Service Provider
2.1.5 Elements Required for Selection of a Language Services Provider
2.1.6 End-Users of Language Services
3. Market Sizing
3.1 Global Language Service Market: An Analysis
3.1.1 Global Language Service Market by Value
3.1.2 Global Language Service Market by Growth Rate
3.1.3 Global Top 100 Language Service Companies by Region
3.2 Global Language Service Market: Segment Analysis
3.2.1 Global Language Service Market by Segment (Translation and transcreation, Interpreting, Localization services & other services)
3.2.2 Global Translation, Localization and Transcreation Market
3.2.3 Global Interpreting and Other Language Services
3.3 Global Language Service Market: Regional Analysis
3.3.1 Global Language Service Market by Region (EMEA (Europe, Middle East and Africa) and America & Asia-Pacific)
3.3.2 European Language Service Companies by Sales Volume
3.3.3 European Language Service Companies by Vertical
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Increasing Globalization
4.1.2 Growing E-Commerce
4.1.3 Increasing Online and Offline Content Volume
4.1.4 Emergence of new markets with specific language requirements
4.1.5 Growing Demand for CAT Software
4.1.6 Rising Regulatory Translations
4.2 Challenges
4.2.1 Data Security
4.2.2 High Pricing Pressure
4.2.3 Getting Mobile Application and Social Media Savvy
4.3 Market Trends
4.3.1 Importance of Video Translation
4.3.2 Demand for Neural Machine Translation Tools
4.3.3 Subtitling, Dubbing, Captioning and Voice-Over
4.3.4 More Relevant ISO Certification
5. Competitive Landscape
5.1 Global Language Service Market: Competitive Landscape
5.1.1 Global Language Service Market by Top 100 Player Share
5.1.2 Global Language Service Market by Top 20 Player
6. Company Profiling
6.1 TransPerfect
6.1.1 Business Overview
6.1.2 Business Strategy
6.2 Lionbridge
6.2.1 Business Overview
6.2.2 Business Strategy
6.3 Teleperformance (LanguageLine Solutions)
6.3.1 Business Overview
6.3.2 Financial Overview
6.3.3 Business Strategy
6.4 RWS Holding
6.4.1 Business Overview
6.4.2 Financial Overview
6.4.3 Business Strategy
List of Figures
Figure 1: Benefits of Working with a Small-Scale Language Service Provider
Figure 2: Elements Required for Selection of a Language Services Provider
Figure 3: End-Users of Language Services
Figure 4: Global Language Service Market by Value; 2016-2020 (US$ Billion)
Figure 5: Global Language Service Market by Value; 2021-2025 (US$ Billion)
Figure 6: Global Language Service Market by Growth Rate; 2014-2020 (Percentage, %)
Figure 7: Global Top 100 Language Service Companies by Region; 2020 (Percentage, %)
Figure 8: Global Language Service Market by Segment; 2020 (Percentage, %)
Figure 9: Global Translation, Localization and Transcreation Market; 2017-2020 (US$ Billion)
Figure 10: Global Translation, Localization and Transcreation Market; 2021-2025 (US$ Billion)
Figure 11: Global Interpreting and Other Language Services; 2017-2020 (US$ Billion)
Figure 12: Global Interpreting and Other Language Services; 2021-2025 (US$ Billion)
Figure 13: Global Language Service Market by Region; 2020 (Percentage, %)
Figure 14: European Language Service Companies by Sales Volume; 2020 (Percentage, %)
Figure 15: European Language Service Companies by Vertical; 2020 (Numbers)
Figure 16: Global Economic Globalization Index; 2020 (Percentage, %)
Figure 17: Global Digital Buyers; 2016-2021 (Billion)
Figure 18: Global Internet Users; 2015-2019 (Billion)
Figure 19: Emerging Economies GDP Growth Rate; 2019 (Percentage, %)
Figure 20: Global Number of Video Streaming User; 2017-2023 (Million)
Figure 21: Global Machine Translation Tools; 2017-2024 (US$ Million)
Figure 22: Global Language Service Market by Top 100 Player Share; 2020 (Percentage, %)
Figure 23: Teleperformance Revenue; 2016-2020 (US$ Billion)
Figure 24: Teleperformance Revenues by Segment; 2020 (Percentage, %)
Figure 25: RWS Holding Revenue; 2016-2020 (US$ Million)
Figure 26: RWS Holding Revenue by Segment; 2020 (Percentage, %)
Figure 27: RWS Holding Revenue by Region; 2020 (Percentage, %)
Table 1: Difference Between CAT Tools and Machine Translations
Table 2: Top 20 Language Service Providers: 2020

Executive Summary

There are many segments which fall under language service industry such as translations, editing for authors, language interpretation, language education, computer assisted translations, terminology extractions, language localization, software localization and machine translations. Also, language service providers are of different infrastructure, such as, freelancers (one who translates and edits and proofreads), Single-Language Vendor (offering a wide range of translation services into one language) and Multiple-Language Vendor (a company that offer a wide range of translation services into multiple languages, enabling its clients to concentrate all of their translation requests with one vendor).

The global language service market is expected to increase at high growth rates during the coming years. The global language service market is supported by various growth drivers, such as increasing globalization, growing e-commerce, increasing online and offline content volume, etc. Yet, the market faces certain challenges, such as, data security, getting mobile application and social media savvy, etc. Few new market trends are also provided such as, importance of video translation, demand for neural machine translation tools, etc.

Companies Mentioned

  • TransPerfect
  • Lionbridge
  • Teleperformance (LanguageLine Solutions)
  • RWS Holding

Table Information

Report AttributeDetails
No. of Pages57
PublishedMarch 2022
Forecast Period2021 - 2025
Estimated Market Value ( USD ) in 2021 $ 60.13 Billion
Forecasted Market Value ( USD ) by 2025 $ 82.23 Billion
Compound Annual Growth Rate8.1%
Regions CoveredGlobal
No. of Companies Mentioned4

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