Language Service Provider, Global Market Size Forecast, Top 30 Players Rank and Market Share (Internet Services - Other Internet Services)
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Language Service Provider, Global Market Size Forecast, Top 30 Players Rank and Market Share | |
Language Service Provider (LSP) Market Summary Language services means the range of services used and/or required to facilitate communication and promote understanding amongst speakers of different languages, including (but not limited to) interpretation and translation services. A language service provider is an entity that offers services related to languages. An LSP can be an agency, a company, or an individual that has one or a variety of language services on offer. Not every language service provider delivers the same language services. Most LSPs are specialized in a certain range of tasks, usually accompanied by services related to the quality assurance of the same. According to the new market research report “Global Language Service Provider (LSP) Market Report 2023-2029”, published by QYResearch, the global Language Service Provider (LSP) market size is projected to reach USD 78.2 billion by 2029, at a CAGR of 6.0% during the forecast period. With the world becoming increasingly interconnected, the global language services market has seen rapid growth. This report profiles key players of Language Service Provider (LSP) such as TransPerfect, RWS, LanguageLine Solutions, Sorenson Communications, Keywords Studios, Lionbridge, Iyuno, Appen, Translate Plus, Acolad Group. In 2022, the global top 30 Language Service Providers account for 19.1% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Language Service Provider (LSP). Among them, TransPerfect is the largest player. The Language Service Provider (LSP) industry has low market concentration. Currently, the top 30 Language Service Providers are mainly concentrated in United States and United Kingdom. About QYResearch QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future. QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.  | |
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2024-04-30 (0.221 sec)