NEW YORK , Aug. 27, 2024 /PRNewswire/ -- Report with market evolution powered by AI- The global language services market size is estimated to grow by USD 24.21 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 7.1% during the forecast period. Technology adoption to enhance language translation process efficiency is driving market growth, with a trend towards increased emphasis on transcreation.
However, shortage of skilled professionals poses a challenge. Key market players include Acolad Group, APPEN Ltd., Centific Global Solutions Inc.
, Cyracom International Inc., Dubbing Brothers SAS, Honyaku Center Inc., IMAGICA GROUP Inc.
, Iyuno, Keywords Studios Plc, Lionbridge Technologies LLC, President Translation Service Group International, Questel, RWS Holdings PLC, STAR AG , Teleperformance SE, thebigword Group Ltd., TransPerfect Global Inc., United Language Group, Voice and Script International Ltd.
, and Welocalize Inc.. Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report Market Driver Businesses are expanding internationally, leading to an increased demand for transcreation services.
Transcreation goes beyond direct translations by adapting content and imagery for target markets. This approach helps marketers connect effectively with their audience. Transcreation involves both translation and copywriting.
Major players like Ampere Nordic Translations and Zeitgeist off.