DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/rx9wp5/global_tandi) has announced the addition of the "Global T&I Outsourcing Services Market 2014-2018" report to their offering.
The Global T&I Outsourcing Services market to grow at a CAGR of 6.34% the period 2013-2018.
Many vendors in the Global T&I Outsourcing Services market offer a suite of services from document translation to website localization to multilingual court reporting, and oral interpretation. The Global T&I Outsourcing Services market has evolved in time with the inclusion of more service offerings as per the growing demands of end-users.
The increasing adoption of machine translators is a new trend in the market. Many companies prefer machine translators over human translators because they can process massive information in a cost-effective manner. This helps companies to improve their efficiency.
According to the report, the rapid globalization is one of the major drivers of the market. Globalization has facilitated the rapid expansion of companies across the world. As a result, companies are marketing their products and services overseas. Hence, in order to understand customers and their needs, there is a growing demand for T&I services for improved comprehension.
Further, the report states that one of the major challenges in this market is the shortage of skilled labor. Although there has been an increase in demand for professional T&I services, especially for Asian languages such as Chinese, Japanese, and Arabic and Middle Eastern languages, the market is not able to provide these services because of the lack of native skilled translators who are well-versed in these languages.
- Hewlett-Packard Development Company
- Lionbridge Technologies
- Mission Essential Personnel
- TransPerfect Translations International
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis