Global Language Services Market 2020-2024 - Increased Focus on Transcreation Set to Drive Market Growth - ResearchAndMarkets.com

DUBLIN--()--The "Global Language Services Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.

The language services market report provides a forecast and analysis at global and regional level as well as for key countries during the period 2020-2024. The study includes the latest drivers and restraints and analyzes the current global market scenario, to provide the current and forecasted market situation to 2024.

The market is segmented based on end-user into:

  • Healthcare
  • ICT
  • BFSI
  • Government
  • Other

Increased emphasis on transcreation will drive the language services market through the forecast period. The market growth will also be impacted by trends such as an increase in localization of video content, and increased adoption of mobile translation.

The impact of key challenges such as open source language service tools, shortage of professional translators, and market fragmentation on the market is analyzed in detail in this report. These challenges, if all come true during the forecast period, will have a significant negative influence on the market.

To improve their market presence, many vendors in the market are increasing investments in increasing capacity, marketing and sales, improving distribution network, and logistics & warehousing. To provide a holistic view of the market, detailed competitive scenario and product offerings of the prominent vendors have been covered in this report, including Lionbridge, Mayflower Language Services, RWS Group, SDL Language Services, and Semantix. A Porter's five force analysis is also included to provide a comprehensive view of the competitive landscape.

Key areas covered in the report:

  • Market growth during the forecast period of 2020-2024
  • In-depth analysis of factors impacting growth of the language services market during the next five years
  • Key challenges faced by the vendors in language services market
  • Accurate prediction of changes in the geographical market landscape across North America, South America, Europe, Asia Pacific (APAC), and Middle East and Africa (MEA)
  • Detailed competitive landscape analysis and extensive information on around 25 vendors
  • Current market size of global language services market, its contribution to the parent market and estimate of size of market for each year during the forecast period of 2020-2024
  • Exact factors influencing purchase behavior of customers

     

Key Topics Covered:

1 Executive Summary

2 Market Landscape

2.1 Market Ecosystem

2.2 Market Characteristics

2.3 Value Chain Analysis

3 Market Sizing

3.1 Market Definition

3.2 Market Segmentation Analysis

3.3 Market Size 2019

3.4 Market Outlook: Forecast 2019-2024

4 Five Forces Analysis

4.1 Bargaining Power of Buyers

4.2 Bargaining Power of Suppliers

4.3 Threat of New Entrants

4.4 Threat of Substitutes

4.5 Threat of Rivalry

4.6 Market Condition

5 Market Segmentation

6 Customer Landscape

7 Geographic Landscape

7.1 Geographic Segmentation

7.2 Geographic Comparison

7.3 Europe - Market Size and Forecast 2019-2024

7.4 North America - Market Size and Forecast 2019-2024

7.5 APAC - Market Size and Forecast 2019-2024

7.6 South America - Market Size and Forecast 2019-2024

7.7 MEA - Market Size and Forecast 2019-2024

7.8 Key Leading Countries

7.9 Market Opportunity

8 Drivers, Challenges and Trends

8.1 Market Drivers

8.2 Market Challenges

8.3 Market Trends

9 Vendor landscape

9.1 Overview

9.2 Landscape Disruption

10 Vendor Analysis

10.1 Vendors Covered

10.2 Market Positioning of Vendors

11 Appendix

11.1 Scope of the report

11.2 Currency conversion rates for US$

11.3 Research methodology

11.4 Information sources

11.5 List of abbreviations

11.6 List of Exhibits

For more information about this report visit https://www.researchandmarkets.com/r/bd3vc4

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press 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