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Language Services Market - Actionable Research on COVID-19|Globalization of Businesses to Boost Market Growth | TechnavioThe global language services market size is poised to grow by USD 9.72 billion during 2020-2024, progressing at a CAGR of over 4% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201002005049/en/ Technavio has announced its latest market research report titled Global Language Services Market 2020-2024 (Graphic: Business Wire) Corporate organizations across the world are focusing on expanding their business by entering new markets. The expansion plans of companies have created the demand for individuals who are proficient in translating content into local languages. Moreover, the rise in the number of M&A activities has led companies to invest in developing in-house language services functionalities. Furthermore, companies expanding their businesses globally must comply with several regional regulations, which requires the translation of documents to regional languages. Therefore, the globalization of businesses is expected to fuel the growth of the global language services market during the forecast period. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Report Highlights:
Increased government spending on language services will be a Key Market Trend Governments across the world are making significant investments to mainstream the adoption of language translation and interpretation services. For instance, in 2017, the National Health Service in the UK invested about USD 134.7 million on vendors that offer face-to-face interpretation, OPI, document translation, and one-stop-shop translation. Similarly, the Government of Scotland has awarded about USD 15.60 million contract for interpreting, translation, and transcription services translation and interpretation. Many such investments will positively influence the growth of the global language services market during the forecast period. Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report Language Services Market 2020-2024: Key Highlights
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendor Analysis
Appendix
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