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Language Services Market to Expand by USD 24.21 Billion from 2024-2028, AI-driven Technology Enhances Translation Efficiency, Redefining the Market Landscape – Technavio Report

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2 years ago

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NEW YORK, Aug. 27, 2024 /PRNewswire/ — Report with market evolution powered by AI- The global language services market size is estimated to grow by USD 24.21 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  7.1%  during the forecast period. Technology adoption to enhance language translation process efficiency is driving market growth, with a trend towards increased emphasis on transcreation. However, shortage of skilled professionals  poses a challenge. Key market players include Acolad Group, APPEN Ltd., Centific Global Solutions Inc., Cyracom International Inc., Dubbing Brothers SAS, Honyaku Center Inc., IMAGICA GROUP Inc., Iyuno, Keywords Studios Plc, Lionbridge Technologies LLC, President Translation Service Group International, Questel, RWS Holdings PLC, STAR AG, Teleperformance SE, thebigword Group Ltd., TransPerfect Global Inc., United Language Group, Voice and Script International Ltd., and Welocalize Inc..

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Language Services Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.1%

Market growth 2024-2028

USD 24212.4 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.5

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 32%

Key countries

US, UK, Germany, China, and India

Key companies profiled

Acolad Group, APPEN Ltd., Centific Global Solutions Inc., Cyracom International Inc., Dubbing Brothers SAS, Honyaku Center Inc., IMAGICA GROUP Inc., Iyuno, Keywords Studios Plc, Lionbridge Technologies LLC, President Translation Service Group International, Questel, RWS Holdings PLC, STAR AG, Teleperformance SE, thebigword Group Ltd., TransPerfect Global Inc., United Language Group, Voice and Script International Ltd., and Welocalize Inc.

Market Driver

Businesses are expanding internationally, leading to an increased demand for transcreation services. Transcreation goes beyond direct translations by adapting content and imagery for target markets. This approach helps marketers connect effectively with their audience. Transcreation involves both translation and copywriting. Major players like Ampere Nordic Translations and Zeitgeist offer end-to-end transcreation solutions. Zeitgeist caters to technology-based companies, providing campaign planning to multilingual marketing material delivery. Transcreation’s popularity is growing, especially in the food and beverage sector, with brands like Coca-Cola and Red Bull customizing their websites and product designs for specific markets. The market for language services, including transcreation, is poised for growth due to this trend. 

Language services are in high demand as businesses expand globally, bridging linguistic gaps between cultures. Translation, transliteration, interpretation, and localization services are key offerings. Social media, online content, and international students require translation for effective communication. Immigrants and IT and telecommunications industries also benefit. BFSI sector relies on accurate language services for customer engagement. AI and machine learning drive an AI-driven approach to translation services. E-commerce companies need product descriptions and user interfaces localized for various regions and audiences. Video and audio content require translation and transcreation. Language policies and training are essential for businesses. AI and collaborative platforms offer cloud-based solutions for efficient communication. Internet usage, content marketing, PPC advertising, and social media marketing all require language services. Automotive industry also utilizes interpretation services. 

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Market Challenges

The language services market depends on a large pool of skilled professionals, including linguists, translators, and interpreters, to deliver precise and trustworthy translations. However, the scarcity of competent professionals poses a major hurdle to the market’s growth and expansion. This shortage can lead to project delays, negatively impacting client satisfaction. Inexperienced professionals may be hired to fill the gap, potentially affecting the quality of language services. Service providers might increase costs to offset the shortage, potentially losing business to more affordable competitors. Furthermore, obtaining skilled professionals in specific industries like medicine, law, and finance may be challenging, reducing business opportunities. Subpar quality from vendors can lead to dissatisfied clients and negative feedback, potentially hindering the growth of the global language services market.Businesses expanding globally face language challenges in written and spoken forms. Cultures and regions bring unique linguistic needs. Linguistic consulting, localization, transcreation, and translation services help bridge these gaps. Written materials, videos, audio, and user interfaces require translation. Language policies ensure consistency. E-commerce companies need accurate product descriptions and customer engagement. Automotive industry relies on localized content for markets. Collaborative platforms and cloud-based solutions demand multilingual support. Internet usage, content marketing, PPC advertising, and social media marketing require language services. AI-driven approach using machine learning and AI translators streamline processes. Cultural consulting and language training are essential for effective communication. Webinars and mobile translators offer flexibility.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This language services market report extensively covers market segmentation by  

Service 1.1 Translation1.2 Interpretation1.3 OthersEnd-user 2.1 Healthcare2.2 ICT2.3 BFSI2.4 Government2.5 OthersGeography 3.1 Europe3.2 North America3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Translation-  The language services market is experiencing growth due to several factors, including the rise of remote work and virtual events during the COVID-19 pandemic. In the healthcare industry, accurate translation of medical records and reports is essential for effective treatment of COVID-19 patients with diverse linguistic backgrounds. Language translation services offer solutions in various forms, such as interpretation, video interpreting, and remote interpreting, catering to industries like healthcare, legal, financial, and technical domains. Document translation, website translation, software localization, and other options are available. Translation services enhance customer satisfaction by enabling clear communication in industries like healthcare, IT, and BFSI. Specialized translators can accurately translate complex and specialized subjects, such as technical documents, scientific reports, or legal materials. The language services market enables industries to expand operations globally, maintain data in understandable formats, and improve patient care. Translation technology also plays a crucial role in enhancing patient care. The increasing demand for translation services from end-user industries like healthcare and BFSI is expected to drive the growth of the global language services market.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

Language services encompass a range of professional offerings designed to bridge linguistic gaps and facilitate effective communication between businesses, individuals, and cultures. These services include Translation (written language conversion), Transliteration (conversion of written text from one script to another), Interpretation (spoken language conversion), and Localization (adapting content to specific cultures and regions). In today’s globalized world, Social media, Online content, International students, and Immigrants increasingly rely on language services to navigate the digital landscape. Localization services are crucial for Product descriptions, User interfaces, and Customer engagement, ensuring seamless experiences for users in various markets. Industries like Automotive, Collaborative platforms, and Cloud-based solutions leverage language services to expand their reach and engage customers effectively. With the rise of Internet usage, Content marketing, PPC advertising, and Social media marketing, the demand for high-quality language services continues to grow. Linguistic consulting is also an essential part of the language services market, providing expert advice on language and cultural matters.

Market Research Overview

Language services encompass a range of professional offerings designed to bridge linguistic gaps and facilitate effective communication between businesses, individuals, and cultures. These services include Translation (written language conversion), Transliteration (conversion of written text from one script to another), Interpretation (spoken language conversion), and Localization (adapting content to specific regions and audiences). In today’s globalized world, demand for language services is on the rise, driven by factors such as Social media, Online content, International students, Immigrants, and IT and telecommunications. Industries like BFSI, Artificial intelligence (AI), E commerce companies, and Automotive increasingly rely on language services for Product descriptions, User interfaces, Customer engagement, and more. AI-driven approaches using Machine learning and Transcreation (adapting content for specific cultural contexts) are also gaining popularity. Language training, Cultural consulting, and Linguistic consulting are additional professional offerings in this field. Regions and audiences continue to expand, driving demand for services in Video, Audio, Written materials, and Collaborative platforms. Language policies and Cloud-based solutions are essential for effective implementation of these services. Language services are crucial for businesses looking to expand globally, bridging gaps in communication and ensuring customer engagement through multilingual offerings on Social media marketing, PPC advertising, Social networking sites, and Webinars. Mobile translators offer on-the-go solutions for individuals and businesses alike.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ServiceTranslationInterpretationOthersEnd-userHealthcareICTBFSIGovernmentOthersGeographyEuropeNorth AmericaAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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SSC SECURITY SERVICES CORP. ANNOUNCES SHAREHOLDER APPROVAL OF PREVIOUSLY ANNOUNCED PLAN OF ARRANGEMENT

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59 minutes ago

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July 22, 2026

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REGINA, SK, July 22, 2026 /CNW/ — SSC Security Services Corp. (TSXV: SECU) (US: SECUF) (“SSC” or the “Company”) today announced the voting results from its special meeting of holders (the “Shareholders”) of common shares (the “Shares”) of the Company held today (the “Meeting”) in connection with the previously announced plan of arrangement under the Business Corporations Act, 2021 (Saskatchewan) (the “Arrangement”), pursuant to which Universal Protection Service, LP (the “Parent”), through its wholly-owned subsidiary, 102236724 Saskatchewan Ltd. (the “Purchaser”, and together with the Parent, “Allied Universal”), will acquire all of the issued and outstanding Shares for $4.4075 per Share in cash, and pursuant to which certain officers and directors of the Company (the “Management Purchasers”) will purchase the Company’s legacy assets and cyber security business in a management buy-out transaction (the “MBO” and collectively with the Arrangement, the “Transaction”).

The Arrangement requires (i) the approval of 66 2/3% of the votes cast by Shareholders (including the Management Purchasers) present or represented by proxy and entitled to vote at the Meeting and (ii) the approval of a simple majority (more than 50%) of the votes cast by Shareholders present or represented by proxy and entitled to vote at the Meeting, other than the Management Purchasers and any other person required to be excluded from such vote for the purpose of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (the “Minority Shareholders”). At the Meeting, the resolution approving the Arrangement was approved by (i) 99.99% of the votes cast by Shareholders, and (ii) 99.97% of the votes cast by the Minority Shareholders.

Remaining Conditions to Completion of the Arrangement

Completion of the Transaction remains subject to the satisfaction or waiver of certain closing conditions that are set out in the arrangement agreement entered into between the Company and Allied Universal on May 26, 2026 (the “Arrangement Agreement”), including receipt of final court approval and approval of the TSX Venture Exchange. SSC intends to seek a final order (the “Final Order”) of the Court of King’s Bench for Saskatchewan to approve the Arrangement at a hearing to be held on July 27, 2026.

Subject to obtaining the Final Order and the satisfaction or waiver of the remaining conditions in the Arrangement Agreement, the Transaction is anticipated to close on July 31, 2026.

About SSC

SSC Security Services Corp. is Canada’s largest publicly traded security company. SSC acts as a public holding company investing in physical, electronic and cyber security businesses. The Company has one wholly-owned operating subsidiary: Logixx Security Inc., which provides physical, electronic and cyber security services to primarily commercial, industrial and public sector clients. The Company’s clients include federal and provincial governments, Crown corporations, and many high-profile corporate and public sector clients such as hospitals, airports, utility companies and police forces.

Forward Looking Statements

This release includes forward-looking statements concerning the future results, future performance, intentions, objectives, plans and expectations of the Company. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “estimates”, “intends”, “anticipates”, “believes” or variations of such words and phrases (including negative and grammatical variations) or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risks, uncertainties affecting SSC, including risks regarding economic factors and the equity markets generally and many other factors beyond the control of SSC. Without limiting the generality of the foregoing, this release contains forward-looking statements pertaining to: the anticipated timing of the Transaction; receipt of required court and stock exchange approvals; satisfaction of closing conditions; and the anticipated effective date of the Arrangement. Risks and uncertainties that could cause actual results to differ materially include: failure to obtain court or stock exchange approvals; failure to satisfy closing conditions; failure of the parties to complete the Transaction for any reason, including termination of the Arrangement Agreement; legal challenges to the Arrangement; and risks and uncertainties discussed in SSC’s disclosure documents filed on SEDAR+ at www.sedarplus.ca. Forward-looking statements are not guarantees of future performance. These forward-looking statements should not be relied upon as representing the views of SSC as of any date after the date of this Release. Although SSC has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements contained in this Release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this Release are made as of the date of this Release and SSC does not undertake to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE SSC Security Services Corp.

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GMI Cloud Announces Strategic Compute Collaboration With NVIDIA

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59 minutes ago

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July 22, 2026

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The collaboration advances GMI Cloud’s selective partnership strategy and supports its next phase of AI infrastructure growth

MOUNTAIN VIEW, Calif., July 22, 2026 /PRNewswire/ — GMI Cloud, a leading AI-native cloud provider delivering high-performance GPU infrastructure and inference services, today announced a strategic collaboration with NVIDIA as part of its selective approach to building long-term compute partnerships.

In support of this strategy, GMI Cloud has committed $500 million in CapEx to expand its compute capabilities and serve growing customer demand. The commitment represents a significant investment in the company’s next phase of infrastructure development.

GMI Cloud has also secured nine-figure contracts with a leading U.S. frontier AI enterprise, providing a strong commercial foundation for its continued growth.

GMI Cloud is pursuing a selective partnership model centered on a limited number of strategic relationships. The collaboration builds on GMI Cloud’s continued partnership with NVIDIA and brings together long-term compute planning with contracted customer demand.

GMI Cloud is among the earliest cloud providers to adopt this new compute partnership model, marking an important step in the company’s expansion and partnership strategy.

The $500 million CapEx commitment, nine-figure customer contracts, and selective partnership strategy establish the foundation for GMI Cloud’s next stage of growth. The company is set to continue this trajectory as it expands its compute capabilities and supports the evolving needs of frontier AI customers. For more information, visit www.gmicloud.ai.

About GMI Cloud
GMI Cloud is an AI-native cloud infrastructure company powering the next generation of AI applications. The company provides high-performance GPU infrastructure, Model-as-a-Service, dedicated endpoints, and AI workload deployment solutions for developers and enterprises building production AI systems. GMI Cloud helps teams move from experimentation to production with scalable compute, flexible infrastructure, and an ecosystem built for modern AI builders. For more information visit gmicloud.ai.

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SOURCE GMI Cloud

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ROKFORM Launches Rugged Case for Samsung Galaxy Z Fold8 and Z Fold8 Ultra

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59 minutes ago

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July 22, 2026

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Complete foldable protection with six-foot drop rating, MAGMAX ™ magnetic grip, and RokLock ® twist-lock mounting

IRVINE, Calif., July 22, 2026 /PRNewswire/ — ROKFORM today launched its Rugged Case for the Samsung Galaxy Z Fold8 and Galaxy Z Fold8 Ultra. Built with a slim, two-piece shell design — not just a backplate — the Rugged Case delivers six-foot drop protection, full hinge coverage, and secure RokLock® mounting across both foldable models.

“Users get the full ROKFORM experience with the Rugged Case, including incredible drop protection, RokLock® mounting, and MAGMAX™ magnetic strength, all in a design built specifically around the unique needs of a foldable device,” said Jeff Whitten, ROKFORM CEO.

The two-piece shell locks together to protect the outer screen, back, and spine of the Galaxy Z Fold8. In addition, the case is engineered to guard one of the most critical and vulnerable components on foldable phones — the hinge — from drops and impacts with full hinge coverage. The case exceeds military-grade drop protection standards from six feet, with a dual-layer build and reinforced corners designed to absorb real-world impact.

ROKFORM’s patented RokLock® twist-lock system delivers rock-solid, wobble-free connection to ROKFORM’s full ecosystem of car, bike, and motorcycle mounts. Combined with MAGMAX™ magnets, which deliver 3x more holding strength over standard MagSafe® magnets, users get an ultra-secure magnetic grip for mounting and use with other accessories.

The case is compatible with ROKFORM wireless chargers and compatible wireless charging accessories.

The Rugged Case for the Samsung Galaxy Z Fold8 and Z Fold8 Ultra retails for $79.99 and will be available August 5, 2026 at rokform.com.

About ROKFORM:
Founded in 2010, ROKFORM’s small but dedicated team has bootstrapped its way to becoming a leader in the design and manufacturing of innovative consumer electronics products. It is based in Irvine, California. With nearly 20 patents, ROKFORM remains a leader in the premium active lifestyle consumer electronics niche, with innovative designs to protect and enhance the world’s mobile devices. Products are designed and shipped directly from California headquarters, and customers can visit ROKFORM’s showroom to experience them. Learn more at rokform.com.

Contact:
Haley Lush
775-204-7975
419258@email4pr.com

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SOURCE ROKFORM

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