Market Overview:
The global translation services provider services market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for translation and localization services from individual and enterprise users across different regions. In addition, the growing trend of globalization is also fueling the demand for translation and localization services, which in turn is propelling the growth of this market. The global translation services provider services market can be segmented on the basis of type into closed captioning services, interpretation services, localization service providers, and multilingual desktop publishing providers. Closed captioning service providers are expected to witness high growth during the forecast period owing to rising demand for subtitling and transcription solutions from individual users across different regions. Interpretation service providers are also expected to witness high growth during the forecast period due to increasing demand for language interpretation solutions from enterprise users across different regions.
Product Definition:
Translation Services Provider Services is the provision of translation services by a third party. This can include interpretation, transcription, and localization services. The importance of Translation Services Provider Services lies in its ability to provide accurate translations for businesses and other organizations that need to communicate with customers or clients in other languages.
Closed Captioning Services:
Closed captioning services are the ones that are used to add closed captions or subtitles in a video. The main function of these services is to provide hearing impaired people with an alternative way of experiencing and understanding the content by adding relevant captions in videos. These types of services have been gaining popularity due to their ability to offer more flexibility, accuracy, and convenience as compared with traditional translation methods.
Interpretation Services:
Interpretation services are the translation of source language into target language. It is a process that involves understanding the context, interpreting signs, and conveying messages in target languages. These services are provided by TIPPs ( Translation Industry Players) to their clients which can be further divided into two types: service providers and end-users. Service providers offer these interpretation services through various channels such as agencies or sub-contractors whereas end users employ them directly for their translation requirements.
Application Insights:
The enterprise application segment dominated the global translation services provider services market, accounting for over 60.0% share of the overall revenue in 2017. For instance, Microsoft Corporation has regional offices across different parts of the world to serve its customers better. These factors are expected to drive demand from enterprises over the forecast period.
The individual segment is expected register a significant CAGR during the forecast period owing to increasing use of technology-based communication tools such as smartphones and social media which have enabled individuals globally communicate with ease through text messaging.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the presence of a large number of translation service providers and increasing demand for foreign language translations in countries, such as U.S., Canada, and Mexico. Asia Pacific is expected to witness significant growth over the forecast period owing to rising demand for localization services by various companies based out of China and Japan along with growing popularity of foreign entertainment content in these countries. Moreover, availability of low-cost labor coupled with high English proficiency levels will drive regional market growth during the forecast period. Latin America also presents lucrative opportunities due to increasing outsourcing activities across several industries by leading firms from Brazil and Argentina that are driving up requirements for professional translators into their native languages who provide closed captioning services or Interpretation Services (ASA).
Growth Factors:
- Increasing globalization and internationalization of businesses – as companies expand their operations to new markets, the demand for translation services increases.
- The rise of digital content – with more businesses moving to a digital-first model, the need for translations of website content, marketing materials, and other digital assets grows.
- The increasing use of technology by businesses – from customer relationship management (CRM) systems to enterprise resource planning (ERP) systems, businesses are increasingly relying on technology that needs to be localized for different markets.
- The growth in travel and tourism – as people travel more frequently and explore new places, the demand for translation services related to tourism increases accordingly.
- The increasing number of multilingual speakers around the world – with more people speaking multiple languages, there is an increased need for translation services that can meet those needs
Scope Of The Report
Report Attributes
Report Details
Report Title
Translation Services Provider Services Market Research Report
By Type
Closed Captioning Services, Interpretation Services, Localization Services Providers, Multilingual Desktop Publishing Providers
By Application
Individual, Enterprise, Others
By Companies
Adobe, Rev, 3Play Media, CaptioningStar, Dotsub, LanguageLine Solutions, Speechpad, Lionbridge Technologies, HI-COM, OneHourTranslation, Tomedes, Net-Translators, Amplexor, Translated, RWS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Translation Services Provider Services Market Report Segments:
The global Translation Services Provider Services market is segmented on the basis of:
Types
Closed Captioning Services, Interpretation Services, Localization Services Providers, Multilingual Desktop Publishing Providers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Individual, Enterprise, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Adobe
- Rev
- 3Play Media
- CaptioningStar
- Dotsub
- LanguageLine Solutions
- Speechpad
- Lionbridge Technologies
- HI-COM
- OneHourTranslation
- Tomedes
- Net-Translators
- Amplexor
- Translated
- RWS
Highlights of The Translation Services Provider Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Closed Captioning Services
- Interpretation Services
- Localization Services Providers
- Multilingual Desktop Publishing Providers
- By Application:
- Individual
- Enterprise
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Translation Services Provider Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Translation Services Provider Services is a service that provides translation services to businesses and organizations. Translation Services Provider Services can provide translation services for a variety of languages, including English, Spanish, French, German, Italian and other languages. Translation Services ProviderServices can also provide localization services for software applications and websites.
Some of the major players in the translation services provider services market are Adobe, Rev, 3Play Media, CaptioningStar, Dotsub, LanguageLine Solutions, Speechpad, Lionbridge Technologies, HI-COM, OneHourTranslation, Tomedes, Net-Translators, Amplexor, Translated, RWS.
The translation services provider services market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Translation Services Provider Services Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Translation Services Provider Services Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Translation Services Provider Services Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Translation Services Provider Services Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Translation Services Provider Services Market Size & Forecast, 2018-2028 4.5.1 Translation Services Provider Services Market Size and Y-o-Y Growth 4.5.2 Translation Services Provider Services Market Absolute $ Opportunity
Chapter 5 Global Translation Services Provider Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Translation Services Provider Services Market Size Forecast by Type
5.2.1 Closed Captioning Services
5.2.2 Interpretation Services
5.2.3 Localization Services Providers
5.2.4 Multilingual Desktop Publishing Providers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Translation Services Provider Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Translation Services Provider Services Market Size Forecast by Applications
6.2.1 Individual
6.2.2 Enterprise
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Translation Services Provider Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Translation Services Provider Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Translation Services Provider Services Analysis and Forecast
9.1 Introduction
9.2 North America Translation Services Provider Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Translation Services Provider Services Market Size Forecast by Type
9.6.1 Closed Captioning Services
9.6.2 Interpretation Services
9.6.3 Localization Services Providers
9.6.4 Multilingual Desktop Publishing Providers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Translation Services Provider Services Market Size Forecast by Applications
9.10.1 Individual
9.10.2 Enterprise
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Translation Services Provider Services Analysis and Forecast
10.1 Introduction
10.2 Europe Translation Services Provider Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Translation Services Provider Services Market Size Forecast by Type
10.6.1 Closed Captioning Services
10.6.2 Interpretation Services
10.6.3 Localization Services Providers
10.6.4 Multilingual Desktop Publishing Providers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Translation Services Provider Services Market Size Forecast by Applications
10.10.1 Individual
10.10.2 Enterprise
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Translation Services Provider Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Translation Services Provider Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Translation Services Provider Services Market Size Forecast by Type
11.6.1 Closed Captioning Services
11.6.2 Interpretation Services
11.6.3 Localization Services Providers
11.6.4 Multilingual Desktop Publishing Providers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Translation Services Provider Services Market Size Forecast by Applications
11.10.1 Individual
11.10.2 Enterprise
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Translation Services Provider Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Translation Services Provider Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Translation Services Provider Services Market Size Forecast by Type
12.6.1 Closed Captioning Services
12.6.2 Interpretation Services
12.6.3 Localization Services Providers
12.6.4 Multilingual Desktop Publishing Providers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Translation Services Provider Services Market Size Forecast by Applications
12.10.1 Individual
12.10.2 Enterprise
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Translation Services Provider Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Translation Services Provider Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Translation Services Provider Services Market Size Forecast by Type
13.6.1 Closed Captioning Services
13.6.2 Interpretation Services
13.6.3 Localization Services Providers
13.6.4 Multilingual Desktop Publishing Providers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Translation Services Provider Services Market Size Forecast by Applications
13.10.1 Individual
13.10.2 Enterprise
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Translation Services Provider Services Market: Competitive Dashboard
14.2 Global Translation Services Provider Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Adobe
14.3.2 Rev
14.3.3 3Play Media
14.3.4 CaptioningStar
14.3.5 Dotsub
14.3.6 LanguageLine Solutions
14.3.7 Speechpad
14.3.8 Lionbridge Technologies
14.3.9 HI-COM
14.3.10 OneHourTranslation
14.3.11 Tomedes
14.3.12 Net-Translators
14.3.13 Amplexor
14.3.14 Translated
14.3.15 RWS