Global Language Translation Software and Service Strategic

June 08, 2023 09:18 ET | Source: Research and Markets Research and Markets

Dublin, June 08, 2023 (GLOBE NEWSWIRE) -- The "Language Translation Software and Services: Global Strategic Business Report" report has been added to's offering. The global market for Language Translation Software and Services estimated at US$57 Billion in the year 2022, is projected to reach a revised size of US$84.2 Billion by 2030, growing at a CAGR of 5% over the analysis period 2022-2030. Multimedia Chinese Translation Service

Global Language Translation Software and Service Strategic

Solutions, one of the segments analyzed in the report, is projected to record 4.5% CAGR and reach US$48.6 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 5.7% CAGR for the next 8-year period. The U.S. Market is Estimated at $16.8 Billion, While China is Forecast to Grow at 7.5% CAGR The Language Translation Software and Services market in the U.S. is estimated at US$16.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6.7 Billion by the year 2030 trailing a CAGR of 7.5% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 4.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR. Select Competitors (Total 270 Featured) -


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Global Language Translation Software and Service Strategic

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