Language Services Market Growth, Outlook, Demand, Keyplayer Analysis and Opportunity 2023-2028

Author: Elena Anderson Marketing Manager

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Global Digital Payment Market Research Report 2023-2028:

As per the latest report by IMARC Group, titled, “ Language Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2 023-2028

,” the global language services market reached a value of US$ 67.2 Billion in 2022.

Language services refer to a set of language assistance solutions that offer services such as translation, interpretation, comprehension and localization. In addition, these services provide extensive geographical outreach, skill development, uninterrupted communication, and an interactive learning platform to the users. As a result, language services are extensively adopted in multiple industries, including medical, IT and telecommunications, legal, education, automotive, and BFSI. Request for a PDF sample of this report:

https://www.imarcgroup.com/language-services-market/requestsample

Global Digital Payment Market Trends:

The market is primarily driven by the rapid advancements in the IT and telecommunications industry, resulting in the development for translation and interpretation software. Besides this, the market growth has been escalated due to the rapidly increasing globalization among businesses. For instance, various companies are widely adopting translation services to express their services and provide convenience to their international clients.

Moreover, the rising importance of social media platforms is also contributing to the market growth by increasing the popularity of visual translations and content localization. Besides this, the growing adoption of language services in the educational sector, offering numerous customized foreign language training courses to students at on-site and off-site locations, represents another growth-inducing factor. Looking forward, IMARC Group expects the market to grow at a CAGR of 6.2% during the forecast period (2023-2028).

View Report TOC, Figures and Tables: https://www.imarcgroup.com/language-services-market

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Key Market Segmentation

The research report includes the following segments:

Breakup by Service:

• Translation Services

• Interpretation Services

• Others

Breakup by Component:

• Software

• Hardware

Breakup by Application:

• IT and Telecommunications

• Commercial

• Government

• Automotive

• Healthcare

• Others

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Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

Competitive Landscape with Key Players:

• 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

• TransPerfect Solutions.

1. What was the size of the global language services market in 2022?

2. What is the expected growth rate of the global language services market during 2023-2028?

3. What are the key factors driving the global language services market?

4. What has been the impact of COVID-19 on the global language services market?

5. What is the breakup of the global language services market based on the service?

6. What is the breakup of the global language services market based on the component?

7. What is the breakup of the global language services market based on the application?

8. What are the key regions in the global language services market?

9. Who are the key players/companies in the global language services market?

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/language-services-market/toc

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