The Global Translation Services Market Was Valued At Billion In 2017

Posted by sainath on August 20th, 2018

Translation services industry comprises establishments primarily engaged in translating written material from one language to another.

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The global translation services market was valued at 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.

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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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