Global Translation Services Market

April 2019 | 200 pages | ID: G00E769179DEN
Bizwit Research & Consulting LLP

Abstracts

Global Translation Service Market valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2018-2025. The Translation Service Market 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 market 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 market growth of Translation Service during the forecast period.

The regional analysis of Global Translation Service Market 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 market 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 market over the upcoming years. Asia-Pacific is anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 owing to rising government initiatives in the region.

The major market player included in this report are:

• Language Line Solutions
• Lionbridge
• TransPerfect
• SDL
• Globalexicon
• Global Language Solutions Inc.
• Ingco International
• Straker Translations
• Mars Translation Services
• Gengo

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

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 Regions:

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Rest of the World

Furthermore, years considered for the study are as follows:

• Historical year – 2015, 2016
• Base year – 2017
• Forecast period – 2018 to 2025

Target Audience of the Global Translation Service Market in Market Study:

• Key Consulting Companies & Advisors
• Large, medium-sized, and small enterprises
• Venture capitalists
• Value-Added Resellers (VARs)
• Third-party knowledge providers
• Investment bankers
• Investors

Contents

CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Key Trends
1.3. Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion)
  1.3.1. Translation Service Market, by Operation Type, 2015-2025 (USD Billion)
  1.3.2. Translation Service Market, by Service, 2015-2025 (USD Billion)
  1.3.3. Translation Service Market, by Component, 2015-2025 (USD Billion)
  1.3.4. Translation Service Market, by Application, 2015-2025 (USD Billion)
  1.3.5. Translation Service Market, by Region, 2015-2025 (USD Billion)
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. TRANSLATION SERVICE MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. TRANSLATION SERVICE MARKET DYNAMICS

3.1. See Saw Analysis
  3.1.1. Market Drivers
  3.1.2. Market Challenges
  3.1.3. Market Opportunities

CHAPTER 4. TRANSLATION SERVICE MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Buyers
  4.1.2. Bargaining Power of Suppliers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.2. PEST Analysis
  4.2.1. Political Scenario
  4.2.2. Economic Scenario
  4.2.3. Social Scenario
  4.2.4. Technological Scenario
4.3. Value Chain Analysis
  4.3.1. Supplier
  4.3.2. Manufacturers/Service Provider
  4.3.3. Distributors
  4.3.4. End-Users
4.4. Key Buying Criteria
4.5. Regulatory Framework
4.6. Cost Structure Analysis
  4.6.1. Raw Material Cost Analysis
  4.6.2. Manufacturing Cost Analysis
  4.6.3. Labour Cost Analysis
4.7. Investment Vs Adoption Scenario
4.8. Analyst Recommendation & Conclusion

CHAPTER 5. TRANSLATION SERVICE MARKET, BY OPERATION TYPE

5.1. Market Snapshot
5.2. Market Performance - Potential Model
5.3. Key Market Players
5.4. Translation Service Market, Sub Segment Analysis
  5.4.1. Technical Translation
    5.4.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
    5.4.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
  5.4.2. Machine Translation
    5.4.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
    5.4.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)

CHAPTER 6. TRANSLATION SERVICE MARKET, BY SERVICE

6.1. Market Snapshot
6.2. Market Performance - Potential Model
6.3. Key Market Players
6.4. Translation Service Market, Sub Segment Analysis
  6.4.1. Written Translation Service
    6.4.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
    6.4.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
  6.4.2. Interpretation Service
    6.4.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
    6.4.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)

CHAPTER 7. TRANSLATION SERVICE MARKET, BY COMPONENT

7.1. Market Snapshot
7.2. Market Performance - Potential Model
7.3. Key Market Players
7.4. Translation Service Market, Sub Segment Analysis
  7.4.1. Hardware
    7.4.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
    7.4.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
  7.4.2. Software
    7.4.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
    7.4.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)

CHAPTER 8. TRANSLATION SERVICE MARKET, BY APPLICATION

8.1. Market Snapshot
8.2. Market Performance - Potential Model
8.3. Key Market Players
8.4. Translation Service Market, Sub Segment Analysis
  8.4.1. Commercial
    8.4.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
    8.4.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
  8.4.2. Automotive
    8.4.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
    8.4.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
  8.4.3. IT & Telecommunication
    8.4.3.1. Market estimates & forecasts, 2015-2025 (USD Billion)
    8.4.3.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
  8.4.4. Healthcare
    8.4.4.1. Market estimates & forecasts, 2015-2025 (USD Billion)
    8.4.4.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
  8.4.5. Government
    8.4.5.1. Market estimates & forecasts, 2015-2025 (USD Billion)
    8.4.5.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)

CHAPTER 9. TRANSLATION SERVICE MARKET, BY REGIONAL ANALYSIS

9.1. Translation Service Market, Regional Market Snapshot (2015-2025)
9.2. North America Translation Service Market Snapshot
  9.2.1. U.S.
    9.2.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
    9.2.1.2. Operation Type breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.2.1.3. Service breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.2.1.4. Component breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.2.1.5. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)
  9.2.2. Canada
    9.2.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
    9.2.2.2. Operation Type breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.2.2.3. Service breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.2.2.4. Component breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.2.2.5. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.3. Europe Translation Service Market Snapshot
  9.3.1. U.K.
    9.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
    9.3.1.2. Operation Type breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.3.1.3. Service breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.3.1.4. Component breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.3.1.5. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)
  9.3.2. Germany
    9.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
    9.3.2.2. Operation Type breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.3.2.3. Service breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.3.2.4. Component breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.3.2.5. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)
  9.3.3. France
    9.3.3.1. Market estimates & forecasts, 2015-2025 (USD Billion)
    9.3.3.2. Operation Type breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.3.3.3. Service breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.3.3.4. Component breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.3.3.5. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)
  9.3.4. Rest of Europe
    9.3.4.1. Market estimates & forecasts, 2015-2025 (USD Billion)
    9.3.4.2. Operation Type breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.3.4.3. Service breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.3.4.4. Component breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.3.4.5. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.4. Asia Translation Service Market Snapshot
  9.4.1. China
    9.4.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
    9.4.1.2. Operation Type breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.4.1.3. Service breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.4.1.4. Component breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.4.1.5. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)
  9.4.2. India
    9.4.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
    9.4.2.2. Operation Type breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.4.2.3. Service breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.4.2.4. Component breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.4.2.5. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)
  9.4.3. Japan
    9.4.3.1. Market estimates & forecasts, 2015-2025 (USD Billion)
    9.4.3.2. Operation Type breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.4.3.3. Service breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.4.3.4. Component breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.4.3.5. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)
  9.4.4. Rest of Asia Pacific
    9.4.4.1. Market estimates & forecasts, 2015-2025 (USD Billion)
    9.4.4.2. Operation Type breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.4.4.3. Service breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.4.4.4. Component breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.4.4.5. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.5. Latin America Translation Service Market Snapshot
  9.5.1. Brazil
    9.5.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
    9.5.1.2. Operation Type breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.5.1.3. Service breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.5.1.4. Component breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.5.1.5. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)
  9.5.2. Mexico
    9.5.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
    9.5.2.2. Operation Type breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.5.2.3. Service breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.5.2.4. Component breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.5.2.5. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)
9.6. Rest of The World
  9.6.1. South America
    9.6.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
    9.6.1.2. Operation Type breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.6.1.3. Service breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.6.1.4. Component breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.6.1.5. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)
  9.6.2. Middle East and Africa
    9.6.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
    9.6.2.2. Operation Type breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.6.2.3. Service breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.6.2.4. Component breakdown estimates & forecasts, 2015-2025 (USD Billion)
    9.6.2.5. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Company Market Share (Subject to Data Availability)
10.2. Top Market Strategies
10.3. Company Profiles
  10.3.1. Language Line Solutions
    10.3.1.1. Overview
    10.3.1.2. Financial (Subject to Data Availability)
    10.3.1.3. Summary
    10.3.1.4. Recent Developments
  10.3.2. Lionbridge
  10.3.3. TransPerfect
  10.3.4. SDL
  10.3.5. Globalexicon
  10.3.6. Global Language Solutions Inc.
  10.3.7. Ingco International
  10.3.8. Straker Translations
  10.3.9. Mars Translation Services
  10.3.10. Gengo

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
  11.1.6. Research Assumption