Technavio Research: $9.72 Billion Growth in Global Language Services Market 2020-2024 | Key Segment Insights and Forecast for New Normal | Technavio
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Technavio has announced its latest market research report titled Global Language Services Market 2020-2024 (Graphic: Business Wire)
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Globalization of businesses is one of the major factors propelling the market growth. In addition, the increased localization of video content will boost the growth of the market during the forecast period.
More details: https://www.technavio.com/report/language-services-market-industry-analysis
Language Services Market: End-user Landscape
$9.72 Billion Growth in Global Language Services Market 2020-2024 | Key Segment Insights and Forecast for New Normal | Technavio
02/02/2021 | 02:25pm EDT
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The language services market is expected to grow by USD 9.72 billion, progressing at a CAGR of over 4% during the forecast period.
Technavio has announced its latest market research report titled Global Language Services Market 2020-2024 (Graphic: Business Wire)
Language Services Market: End-user Landscape
Based on the end-user, the market witnessed maximum growth in the healthcare segment in 2019. Factors such as the surge in patent filings by existing and new organizations, regional expansion of businesses, increased outsourcing by drug manufacturers and clinical research companies, and the rising demand for localization services are fueling the growth of the segment. The market growth in this segment will be significant over the forecast period.
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