Translation Service Market Research Report - Forecast 2027

Global Translation Service Market Research by Service Type (Written Translation Services, Interpretation Service), By Operation Type (Technical Translation, Machine Translation), By Component (Hardware and Software) Application - Forecast to 2027

ID: MRFR/ICT/0891-HCR | February 2021 | Region: Global | 110 pages

Impact of COVID-19 on the Global Translation Service Market


The primary factor responsible for the growth of the market is the increasing geographical outreach by enterprises globally, which has resulted in a growing base of foreign clients that require translation services. The COVID-19 pandemic has spread across the world and has had a mixed impact on various industries. However, the lockdowns in the various countries have only marginally impacted the translation services market, as most of the translators are working from home using digital documents. On the other hand, the interpreters who provide these services in person at international events, symposia, and conferences are facing difficulties, as global businesses are no longer allowed to host delegations of partners and foreign clients in executive briefing centers and conference halls. Most of the corporate events have been postponed or canceled owing to the COVID-19 pandemic. Despite the cancelations and delays in these events, translators have played a significant role during the pandemic by helping both international and domestic companies in capitalizing on the current opportunity of developing their businesses worldwide. The worldwide response to the COVID-19 pandemic has been accelerated as various analyses, research, and data, are being translated and circulated among professional communities. Relevant documentation, accurately translated, transcribed, and dispersed across the globe, is expected to aid experts in collaborating to curb the spread of COVID-19.


According to the MRFR analysis, North America is expected to dominate the market owing to the high adoption of translation services in government and security agencies. The government security service agencies are increasingly using translation services to identify and interpret radio signals and messages. Besides, the growing use of advanced translation services in the field of analytics is driving the growth of the market in the region.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Translation Services Market

5 Deployment Overview of Global Translation Services Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Translation Services Market by Operation Type

7.1 Introduction

7.2 Technical Translation

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Machine Translation

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

8. Global Translation Services Market by Service

8.1 Introduction

8.2 Written Translation Services

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 Interpretation Service

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027

9. Global Translation Services Market by Application

9.1 Introduction

9.2 Commercial

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast by Region, 2020-2027

9.3 Automotive

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast by Region, 2020-2027

9.4 IT & Telecommunication

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast by Region, 2020-2027

9.5 Healthcare

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast by Region, 2020-2027

9.6 Government

9.6.1 Market Estimates & Forecast, 2020-2027

9.6.2 Market Estimates & Forecast by Region, 2020-2027

10. Global Translation Services Market by Component

10.1 Introduction

10.2 Hardware

10.2.1 Market Estimates & Forecast, 2020-2027

10.2.2 Market Estimates & Forecast by Region, 2020-2027

103 Software

10.3.1 Market Estimates & Forecast, 2020-2027

10.3.2 Market Estimates & Forecast by Region, 2020-2027

11. Global Translation Services Market by Region

11.1 Introduction

11.2 North America

11.2.1 Market Estimates & Forecast, 2020-2027

11.2.2 Market Estimates & Forecast by Operation Type, 2020-2027

11.2.3 Market Estimates & Forecast by Service, 2020-2027

11.2.4 Market Estimates & Forecast by Deployment, 2020-2027

11.2.5 U.S.

11.2.5.1 Market Estimates & Forecast, 2020-2027

11.2.5.2 Market Estimates & Forecast by Operation Type, 2020-2027

11.2.5.3 Market Estimates & Forecast by Service, 2020-2027

11.2.5.4 Market Estimates & Forecast by Deployment, 2020-2027

11.2.6 Mexico

11.2.6.1 Market Estimates & Forecast, 2020-2027

11.2.6.2 Market Estimates & Forecast by Operation Type, 2020-2027

11.2.6.3 Market Estimates & Forecast by Service, 2020-2027

11.2.6.4 Market Estimates & Forecast by Deployment, 2020-2027

11.2.7 Canada

11.2.7.1 Market Estimates & Forecast, 2020-2027

11.2.7.2 Market Estimates & Forecast by Operation Type, 2020-2027

11.2.7.3 Market Estimates & Forecast by Service, 2020-2027

11.2.7.4 Market Estimates & Forecast by Deployment, 2020-2027

11.3 Europe

11.3.1 Market Estimates & Forecast, 2020-2027

11.3.2 Market Estimates & Forecast by Operation Type, 2020-2027

11.3.3 Market Estimates & Forecast by Service, 2020-2027

11.3.4 Market Estimates & Forecast by Deployment, 2020-2027

11.3.5 Germany

11.3.5.1 Market Estimates & Forecast, 2020-2027

11.3.5.2 Market Estimates & Forecast by Operation Type, 2020-2027

11.3.5.3 Market Estimates & Forecast by Service, 2020-2027

11.3.5.4 Market Estimates & Forecast by Deployment, 2020-2027

11.3.6. France

11.3.6.1 Market Estimates & Forecast, 2020-2027

11.3.6.2 Market Estimates & Forecast by Operation Type, 2020-2027

11.3.6.3 Market Estimates & Forecast by Service, 2020-2027

11.3.6.4 Market Estimates & Forecast by Deployment, 2020-2027

11.3.7 U.K

11.3.7.1 Market Estimates & Forecast, 2020-2027

11.3.7.2 Market Estimates & Forecast by Operation Type, 2020-2027

11.3.7.3 Market Estimates & Forecast by Service, 2020-2027

11.3.7.4 Market Estimates & Forecast by Deployment, 2020-2027

11.4 Asia Pacific

11.4.1 Market Estimates & Forecast, 2020-2027

11.4.2 Market Estimates & Forecast by Operation Type, 2020-2027

11.4.3 Market Estimates & Forecast by Service, 2020-2027

11.4.4 Market Estimates & Forecast by Deployment, 2020-2027

11.4.5 China

11.4.5.1 Market Estimates & Forecast, 2020-2027

11.4.5.2 Market Estimates & Forecast by Operation Type, 2020-2027

11.4.5.3 Market Estimates & Forecast by Service, 2020-2027

11.4.5.4 Market Estimates & Forecast by Deployment, 2020-2027

11.4.6 India

11.4.6.1 Market Estimates & Forecast, 2020-2027

11.4.6.2 Market Estimates & Forecast by Operation Type, 2020-2027

11.4.6.3 Market Estimates & Forecast by Service, 2020-2027

11.4.6.4 Market Estimates & Forecast by Deployment, 2020-2027

11.4.7 Japan

11.4.7.1 Market Estimates & Forecast, 2020-2027

11.4.7.2 Market Estimates & Forecast by Operation Type, 2020-2027

11.4.7.3 Market Estimates & Forecast by Service, 2020-2027

11.4.7.4 Market Estimates & Forecast by Deployment, 2020-2027

11.4.8 Rest of Asia Pacific

11.4.8.1 Market Estimates & Forecast, 2020-2027

11.4.8.2 Market Estimates & Forecast by Operation Type, 2020-2027

11.4.8.3 Market Estimates & Forecast by Service, 2020-2027

11.4.8.4 Market Estimates & Forecast by Deployment, 2020-2027

11.5 Rest of the World

11.5.1 Market Estimates & Forecast, 2020-2027

11.5.2 Market Estimates & Forecast by Operation Type, 2020-2027

11.5.3 Market Estimates & Forecast by Service, 2020-2027

11.5.4 Market Estimates & Forecast by Deployment, 2020-2027

11.5.5 The Middle East & Africa

11.5.5.1 Market Estimates & Forecast, 2020-2027

11.5.5.2 Market Estimates & Forecast by Operation Type, 2020-2027

11.5.5.3 Market Estimates & Forecast by Service, 2020-2027

11.5.5.4 Market Estimates & Forecast by Deployment, 2020-2027

11.5.6 Latin Countries

11.5.6.1 Market Estimates & Forecast, 2020-2027

11.5.6.2 Market Estimates & Forecast by Operation Type, 2020-2027

11.5.6.3 Market Estimates & Forecast by Service, 2020-2027

11.5.6.4 Market Estimates & Forecast by Deployment, 2020-2027

12. Company Profiles

12.1 Language Line Solutions (U.S.)

12.1.1 Company Overview

12.1.2 Product/Business Segment Overview

12.1.3 Financial Updates

12.1.4 Key Developments

12.2 Lionbridge (U.S.)

12.2.1 Company Overview

12.2.2 Product/Business Segment Overview

12.2.3 Financial Updates

12.2.4 Key Developments

12.3 TransPerfect (U.S.)

12.3.1 Company Overview

12.3.2 Product/Business Segment Overview

12.3.3 Financial Updates

12.3.4 Key Developments

12.4 SDL (UK)

12.4.1 Company Overview

12.4.2 Product/Business Segment Overview

12.4.3 Financial Updates

12.4.4 Key Developments

12.5 GlobaLexicon (UK)

12.5.1 Company Overview

12.5.2 Product/Business Segment Overview

12.5.3 Financial Updates

12.5.4 Key Developments

12.6 Global Language Solutions, Inc

12.6.1 Company Overview

12.6.2 Product/Business Segment Overview

12.6.3 Financial Updates

12.6.4 Key Developments

12.7 Ingco International (U.S.)

12.7.1 Company Overview

12.7.2 Product/Business Segment Overview

12.7.3 Financial Updates

12.7.4 Key Developments

12.8 Straker Translations (U.S.)

12.8.1 Company Overview

12.8.2 Product/Business Segment Overview

12.8.3 Financial Updates

12.8.4 Key Developments

12.9 Mars Translation Services (China)

12.9.1 Company Overview

12.9.2 Product/Business Segment Overview

12.9.3 Financial Updates

12.9.4 Key Developments

12.10 Gengo (U.S.)

12.10.1 Company Overview

12.10.2 Product/Business Segment Overview

12.10.3 Financial Updates

12.10.4 Key Developments

13 Conclusion

LIST OF TABLES

Table1 World Population by Major Regions (2020 To 2030)

Table2 Global Translation Services Market: By Region, 2020-2027

Table3 North America Translation Services Market: By Country, 2020-2027

Table4 Europe Translation Services Market: By Country, 2020-2027

Table5 Asia-Pacific Translation Services Market: By Country, 2020-2027

Table6 The Middle East & Africa Translation Services Market: By Country, 2020-2027

Table7 Latin America Translation Services Market: By Country, 2020-2027

Table8 Global Translation Services by Operation Type Market: By Regions, 2020-2027

Table9 North America Translation Services by Operation Type Market: By Country, 2020-2027

Table10 Europe Translation Services by Operation Type Market: By Country, 2020-2027

Table11 Asia-Pacific Translation Services by Operation Type Market: By Country, 2020-2027

Table12 The Middle East & Africa Translation Services by Operation Type Market: By Country, 2020-2027

Table13 Latin America Translation Services by Operation Type Market: By Country, 2020-2027

Table14 Global Operation Type Market: By Region, 2020-2027

Table15 Global Deployment Market: By Region, 2020-2027

Table16 Global Deployment Market: By Region, 2020-2027

Table17 North America Translation Services Market, By Country

Table18 North America Translation Services Market, By Operation Type

Table19 North America Translation Services Market, By Service

Table20 Europe: Translation Services Market, By Service

Table21 Europe: Translation Services Market, By Operation Type

Table22 Asia-Pacific: Translation Services Market, By Country

Table23 Asia-Pacific: Translation Services Market, By Operation Type

Table24 Asia-Pacific: Translation Services Market, By Service

Table25 The Middle East & Africa: Translation Services Market, By Country

Table26 The Middle East & Africa Translation Services Market, By Operation Type

Table27 The Middle East & Africa Translation Services Market, By Service

Table28 Latin America: Translation Services Market, By Country

Table29 Latin America Translation Services Market, By Operation Type

Table30 Latin America Translation Services Market, By Service

LIST OF FIGURES

FIGURE 1 Global Translation Services market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Translation Services Market

FIGURE 4 Value Chain of Global Translation Services Market

FIGURE 5 Share of Global Translation Services Market in 2020, by country (in %)

FIGURE 6 Global Translation Services Market, 2020-2027,

FIGURE 7 Sub segments of Operation Type

FIGURE 8 Global Translation Services Market size by Operation Type, 2020

FIGURE 9 Share of Global Translation Services Market by Operation Type, 2020-2027

FIGURE 10 Global Translation Services Market size by Service, 2020

FIGURE 11 Share of Global Translation Services Market by Service, 2020-2027