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Translation Services
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Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Measure category performance on 15 key parameters across cost, risk and strategy KPIs

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Discover Market Info

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Find Suppliers

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Assess Category Performance

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Source Market Indices

Abi will answer all Translation Services related
procurement queries with relevant data points

Abi - AI powered digital procurement assistant

Get up-to-date market and supplier info on Translation Services to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

Assess Supplier Risk based on key risk and compliance parameters

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

Benchmark your category performance against peers and the market

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

Get information on key factors affecting your supply

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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Translation Services Category Intelligence

Report Coverage

Trends in Engagement Models - MTSP
Sourcing Models
Cost Structure Analysis for Translation Services
Cost Components – Translation Services

Market Size

Global Market Size

$ 45 Bn

Market Size North America

$ 11.3 Bn

Market Size Europe

$ 21.2 Bn

Market Size Asia Pacific

$ 6.5 Bn

Translation Services Market Trends

Category Intelligence on Translation Services covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

Table of contents

Executive Summary
Category Intelligence Summary

MARKET ANALYSIS
Market Overview on Translation Services
Machine translation Technology tools

BEST PRACTICES
Sourcing Models
Managed Translation Service Providers
Cost Structure Analysis for Translation Services
Case Studies /Success Stories

SUPPLIER ANALYSIS
Supplier Profiling: Machine translation service providers
Supplier Profiling: Language service providers

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Industry Outlook & Drivers

Market Overview on Translation Services

The global translation industry is expected to witness a robust growth in the next four years. The key supplier initiatives in the market are driven toward expanding service portfolio, enhancing geographical footprint and improved technological capabilities, aimed at increasing efficiency and reducing the cost for buyers.

Technology Trends - Machine Translation

Machine translation is a statistical automated translation method. Open sourced SMT methods are widely used and it is an emerging trend in the market. Most of the Language service providers are using machine translation.

In the US & Europe, cloud based machine translation services are gaining importance
Cloud Translation helps to manage projects easier with a dashboard solution
Most of the global suppliers offer the portal services to clients, who opt for document translation in varies languages
Some suppliers charge a one-time payment for the portal access, while others offer it for free
Additional charges are incurred for the following services:

Specialized reporting
Email notifications to alert changes in project status
Ability to track departmental translation expenditures

Machine translation Technology Tools

Spend involved in cloud based machine translation is less when compared to on premises MT server. Fortune 500 companies are strategically engaging with LSP who provides machine translations with human post-editing services.Ex: PepsiCo, Lilly, Sun Chemicals, Novartis and Xerox.

Market Trends – Process Centralization

Most of the organizations in North America and European nations are moving towards the centralizing their translation activities and streamlining the budget in order to achieve process efficiencies, spend visibility and cost saving.

Centralization of translation services includes the following parameters:

Governance structure – Process optimization and centralization
Technology – SaaS based Translation Management System
Supplier sourcing strategy – Managed Translation Service Provider

Demand & Supply Overview

Languages in Demand

The demand for the translation of documents to languages such as English, Italian, German, French, Spanish, and Portuguese is quite high
Translation to and from common Asian languages such as Korean, Japanese, and Chinese is also in high demand, followed by Russian and Turkish

Supply Market

The suppliers with Cloud based translation solutions are in demand and the supply market is well matured
Suppliers are increasingly investing in technologies, with real-time translation being the key focus area
This would enable the suppliers to reduce their cost, enabling a reduction in prices and improvement in turnaround time

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