Global Language Services Market Outlook 2018-2022: Increasing Demand for CAT Software is the Major Market Driver - ResearchAndMarkets.com

DUBLIN--()--The "Global Language Services Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

Global language services market expected to grow at a CAGR of 3.96% during the period 2018-2022.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is increased emphasis on transcreation. Owing to the significant rise in the internationalization of businesses, corporate organizations are increasingly using the concept of transcreation tools to interact with and attract the target audience towards their products.

According to the report, one driver in the market is technology adoption to enhance language translation process efficiency. The major market driver is the increasing demand for CAT software. The CAT software uses a computerized program to translate from one language to another language using translation memory (TM).

Further, the report states that one challenge in the market is open source language service tools. The major factor hindering the growth of the market is the increased advent of open source translation services. There are several vendors that provide open source translation services, most of which are provided online.

Key Vendors

  • Lionbridge
  • Mayflower Language Services
  • RWS Group
  • SDL Language Services
  • Semantix
  • Teleperformance
  • TransPerfect
  • Welocalize

Key Topics Covered

1. Executive Summary

2. Scope of the Report

3. Research Methodology

4. Market Landscape

5. Market Sizing

6. Five Forces Analysis

7. Customer Landscape

8. Market Segmentation by End-User

9. Regional Landscape

10. Decision Framework

11. Drivers and Challenges

12. Market Trends

13. Vendor Landscape

14. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/5nrph3/global_language?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
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Related Topics: Consulting and Outsourcing

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Consulting and Outsourcing