Translation Services Industry Insights: Market Forecast to 2029

November 13, 2025 by The Business Research Company

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How Much Larger Is The Translation Services Market Expected To Become By 2029 Compared With Its 2025 Level?

The translation services market size has shown steady expansion in recent years. It is forecast to increase from $26.7 billion in 2024 to $27.78 billion in 2025, at a compound annual growth rate (CAGR) of 4.1%. This historic growth can be attributed to the globalization of businesses, the generation of multilingual content, international trade and collaboration, worldwide travel and tourism, and adherence to legal and regulatory compliance.

The translation services market size is anticipated to undergo significant expansion over the next few years. It is forecast to reach $34.24 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 5.4%. The impetus behind this growth during the projected period can be ascribed to the burgeoning e-commerce and global platforms, ongoing advancements in machine translation, an escalating requirement for video and multimedia translation, the necessity for localization in digital marketing, persistent global health and medical translation demands, and an evolving regulatory landscape. Noteworthy trends influencing the forecast period comprise the convergence of e-learning and localization, the emergence of hybrid translation models, critical emphasis on data security and confidentiality, the application of blockchain for ensuring translation verification, and the increasing availability of post-editing services for machine translation.

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Which Major Market Drivers Are Shaping The Future Of The Translation Services Market?

The demand for non-English languages is anticipated to significantly boost the growth of the translation services market. A non-English language individual refers to someone who, because of their origin or culture, speaks a language other than English and struggles with effective English communication during official proceedings. The scope of translation services is broadening to fulfill client requirements based on their preferred languages. For example, in July 2024, Preply, a US-based online language learning marketplace, conducted a survey indicating that 36% of UK adults are bilingual, which translates to over 24 million people. The same study also discovered that 49.5% of Londoners are proficient in at least two languages, and cities like Belfast and Brighton also have substantial bilingual populations, with a quarter of their residents speaking two languages. Furthermore, the survey highlighted that Spanish is the most popular second language to learn in the US, evidenced by over 75,300 monthly searches for Spanish language courses. Consequently, the increasing need for non-English languages is a key factor driving the expansion of the translation services market.

How Is The Translation Services Market Segmented?

The translation services market covered in this report is segmented –

1) By Component: Hardware, Software

2) By Type: Written Translation Services, Interpretation Services, Other Translation Services Types

3) By Operation Type: Technical Translation, Machine Translation

4) By Application: Legal, Medical, Financial And Banking, Tourism And Travel, Other Applications

Subsegments:

1) By Hardware: Translation Devices, Audio Or Visual Equipment

2) By Software: Machine Translation Software, Translation Management Systems, Localization Software

What Trends Are Expected To Drive The Translation Services Market?

Technological advancements represent the primary trend gaining traction in the translation services market. Major companies operating in the translation services market are concentrating on developing technologically advanced solutions to uphold their market position. For instance, in October 2022, Google LLC, a US-based technology company, introduced Translation Hub, a new cloud service designed to allow companies to translate documents on a self-service basis. Users can leverage the Hub to upload documents and select the target languages for translation. If the original document is a Google Doc or Slide, PDF, or Microsoft Word document, the Hub swiftly produces the translation while maintaining the source document’s layout. According to Google, the Hub also incorporates administrative features that enable users to easily oversee translations and submit feedback.

Who Are The Key Multinational Companies Dominating The Translation Services Market?

Major companies operating in the translation services market include TransPerfect Translations, Lionbridge Technologies Inc, LanguageLine Solutions LLC, Logos Group, Yamagata Corporation, RWS Group, Welocalize Inc., Mission Essential LLC, One Hour Translation Ltd., Babylon Software Ltd., Propio Language Services, Ingco International, CLS Communication, Thebigword Holdings Ltd., Day Translations Inc., Global Language Solution, GTS Translation Services, Language Services Associates, Straker Translations, Translations.com, Acolad Group, Hogarth Worldwide

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Which Global Regions Are Influencing The Competitive Landscape Of The Translation Services Market?

North America was the largest region in the translation services market in 2024. The regions covered in the translation services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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