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Translation Services Market By Application, By Product and By Region - Global opportunity Analysis and Industry Forecast 2019-2025

Description

Global Translation Service Industry valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2019-2025. The Translation Service Industry is continuously growing in the global scenario at significant pace. Translation is communication of meaning from one language to other languages. The purpose of translation is to convey the original quality, tone, essence, and intent of the message. Modern day translation services rely on new technologies which use software to simplify the translation of languages. Organizations around the world use translations for the business purposes, missions, mandates, user reviews, reports and many more. Rapid globalization, technological enhancements, increasing geographical outreach and growth in foreign client base are the substantial driving factors of the Industry during the forecast period. Moreover, growing adoption of artificial intelligence is the major factor that likely to creating lucrative opportunity in the near future. In addition, translation services makes communication effective, highly accurate and meets global regulation & standards which also impelling the demand of translation services across the globe. However, inevitable loss of intended meaning and machines cannot be able to translate the context is one of the major factor that limiting the Industry growth of Translation Service during the forecast period.
The regional analysis of Global Translation Service Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of Industry share due to higher adoption of translation services in security & government agencies and rising technological advancements across the region. Europe is estimated to grow at stable growth rate in the global Translation Service Industry over the upcoming years. Asia-Pacific is anticipated to exhibit higher growth rate / CAGR over the forecast period 2019-2025 owing to rising government initiatives in the region.
The

Translation Services Industry Share and Size by 2019-2025
Business & Services
Translation Services Market Segmentation:
By Operation Type:
* Technical Translation
* Machine Translation

By Service:
* Written Translation Services
* Interpretation Service

By Component:
* Hardware
* Software

By Application:
* Commercial
* Automotive
* IT & Telecommunication
* Healthcare
* Government

By Region
* North America
- USA
- Canada
* Europe
- Germany
- U.K.
- France
- Italy
- Rest of Europe
* APAC
- China
- India
- Japan
- Rest of Asia-Pacific
* RoW
- Latin America
- Middle East & Africa

Major Market Players in Translation Services Market are as follows:
Language Line Solutions
Lionbridge
TransPerfect
SDL
Globalexicon
Global Language Solutions Inc.
Ingc - International
Straker Translations
Mars Translation Services
Geng -

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