Translation services industry
comprises establishments primarily engaged in translating written material from
one language to another.
Read More: https://www.thebusinessresearchcompany.com/report/translation-services-global-market-report-2018
The global translation services market was valued at $43 billion in 2017, and is expected to be driven because of globalization. Businesses tend to market and position themselves internationally, so to create an effective base in the host countries, such services are used. North America was the largest geographic region in the market in 2017, accounting for three-fifth of the global market share.
The USA was the largest
country in the translation services market in 2017, accounting for half of the
global market share. The USA was followed by China and India as the next
largest countries in the market.
The top five competitors in the market are
Lionbridge, TelePerformance, TransPerfect, Yamagata, and Semantix. Lionbridge
was the biggest player in the market in 2017. It provides content, language, and
testing solutions. It operates in language and content services, enterprise
solutions, and interpretation services. It provides on-site services by
qualified professionals and freelance translators to individuals and
businesses. It also provides translation services in creation and management of
marketing content. The company is based in Waltham, Massachusetts.
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