The global interpreter services market is anticipated to grow at a CAGR of 5.1% during the forecast period. Enterprise translation software solutions are vital to the success of any global organization to assist in navigating language and cultural barriers in key markets across the globe. Global companies also adapt their products differently for different markets across the globe. Using enterprise translation software solutions assist product development teams in easily communicating with native speakers to understand habits, likes, dislikes, and test product preferences. The growing deployment of translation software solutions globally among enterprises is expected to drive the interpreter services market during the forecast period. For example, McDonald’s is a global company that has mastered both translation and localization in markets across the globe. In Japan, the company’s mascot name, Ronald McDonald, is translated to Donarudo Makudonarudo and menu items are smaller to accommodate preferred serving sizes. In India, the restaurant offers the beef-less Maharaja Mac to cater to local tastes and in Morocco and customers can find lots of menu items that use traditional spices such as coriander and cumin.
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Furthermore, the market players are taking strategic initiatives such as the expansion of products and services, mergers and acquisitions, partnerships, and collaborations. For instance, in May 2022, the Children's Hospital of Eastern Ontario (CHEO) launched a new language interpreting service app for patients, their families, and clinicians. The service will be available any time of day, seven days a week, and is expected to provide users with a video or audio interpretation within 20 seconds of the request. Additionally, the interpreters at the technology company are specifically trained to ensure interpretation accuracy and efficiency in healthcare settings. Thus, such strategic initiatives are expected to drive market growth during the forecast period.
Global Interpreter Services Market Report Segment
By Services
- Language Interpretation
- Language Translation
- Language Testing & Training
- Localization
- Others
By Application
- BFSI
- Healthcare
- Travel & Tourism
- Legal
- Media & Entertainment
- Others
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Interpreter Services Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
· Acolad Group
· Atlas Language Services, Inc.
· Day Translations, Inc.
· Gengo, Inc.
· Ingco International
· Language Line Solutions
· Lingotek Inc.
· Lionbridge Technologies, Inc.
· Mars Translation Services
· One Hour Translation (Get Blend)
· ProZ.com
· RWS Holdings Plc
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