interpreter services market is anticipated to grow at a CAGR of 5.1% during the forecast period. Interpreting services are the provision of spoken or signed language communication by a professional interpreter to convey a message from the language of the original speaker or writer, into the language of the listener. The growing demand for video translators is expected to accelerate the interpreter services market during the forecast period. For instance, according to the data stated by Cisco, in 2021, 80% of online traffic will be generated from visual content which will eventually increase the demand for translation, and 84% of video content on Facebook and other social media platforms is often played without sound. So, subtitles are becoming crucial.
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The global interpreter services market is segmented based on the services and applications. Based on the services, the market is sub-segmented into language interpretation, language translation, language testing & training, localization, and others including dubbing and proofreading. Based on the application, the market is sub-segmented into the BFSI, healthcare, travel & tourism, legal, media & entertainment, and others. The above-mentioned segments can be customized as per the requirements. The growing demand for interpretation services in the legal industry is expected to drive the legal segment growth over the forecast period.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Interpreter Services Market by Services
- Language Interpretation
- Language Translation
- Language Testing & Training
- Localization
- Others (Dubbing, Proofreading)
Global Interpreter Services Market by Application
- BFSI
- Healthcare
- Travel & Tourism
- Legal
- Media & Entertainment
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Acolad Group
- Atlas Language Services, Inc.
- Day Translations, Inc.
- Gengo, Inc.
- Ingco International
- Language Line Solutions
- Lingotek Inc.
- Lionbridge Technologies, Inc.
- Mars Translation Services
- One Hour Translation (Get Blend)
- com
- RWS Holdings Plc
- Semantix AB
- Stars Group, Inc.
- Straker Translations
- Text Master (Acolad Group)
- The bigword Group Ltd.
- Toppan Digital Language Ltd.
- TransPerfect Global Inc.
- Welocalize, Inc.
- Yamagata Corp.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global interpreter services market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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