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Language Service Market is expected to generate a revenue of USD 129.64 Billion by 2031, Globally, at 7.41% CAGR: Verified Market Research®

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Verified Market Research® proudly announce the development and release of our latest market research report, focusing on the rapidly evolving Language Service Market. With globalization accelerating at an unprecedented rate, businesses are under increasing pressure to communicate effectively across linguistic and cultural barriers. Our report provides the industry’s decision-makers, investors, and strategists with critical insights into this dynamic sector, equipping them to capitalize on emerging opportunities.

LEWES, Del., Sept. 19, 2024 /PRNewswire/ — The Global Language Service Market Size is projected to grow at a CAGR of 7.41% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 77.06 Billion in 2024 and is expected to reach USD 129.64 Billion by the end of the forecast period.

Key Highlights of the Report:

Market Forecast & Growth Trends: A detailed analysis of the Language Service Market’s projected growth, providing a roadmap for businesses to navigate this thriving industry.Technological Disruption: Explore how AI-driven translation tools, machine learning, and automation are reshaping the language service landscape.Regional Market Insights: Comprehensive breakdowns of regional demand in North America, Europe, Asia-Pacific, and other key markets.Competitive Landscape: Profiles of major players, emerging firms, and key M&A activities shaping the competitive environment.Tailored Solutions for Enterprises: How leading businesses are leveraging language services to enhance customer experience and operational efficiency.

Why This Report Matters to Industry Leaders: In a globalized business ecosystem, access to accurate and timely language services is no longer optional—it’s a competitive advantage. From multinational corporations to tech start-ups, companies that invest in language solutions can expand their market presence, improve customer satisfaction, and ensure regulatory compliance across borders.

This report is an essential tool for industry executives seeking to:

Identify high-growth opportunities in translation, localization, and interpretation services.Optimize their global communication strategy using cutting-edge language technologies.Stay ahead of the competition by aligning with future market trends.

The Language Service Market is experiencing unprecedented growth, driven by increasing demand for multilingual content, international business expansion, and the rise of digital-first communication strategies. Now is the time for businesses to refine their global communication plans and ensure they are equipped to meet the challenges of an interconnected world.

Secure Your Competitive Edge Today

For those looking to lead in this high-demand market, our report offers the actionable intelligence needed to make data-driven decisions and achieve sustainable growth. Don’t miss this opportunity to stay ahead of the curve in a market that is shaping the future of global business.

For more information or to purchase the report, please contact us at: https://www.verifiedmarketresearch.com/download-sample?rid=10719

Browse in-depth TOC on “Global Language Service Market Size

202 – Pages
126 – Tables
37 – Figures

Report Scope

REPORT ATTRIBUTES

DETAILS

STUDY PERIOD

2021-2031

GROWTH RATE

CAGR of ~7.41% from 2024 to 2031

BASE FOR VALUATION

2024

HISTORICAL PERIOD

2021-2023

FORECAST PERIOD

2024-2031

QUANTITATIVE UNITS

Value in USD Billion

REPORT COVERAGE

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

SEGMENTS COVERED

ServiceEnd-User

REGIONS COVERED

North AmericaEuropeAsia PacificLatin AmericaMiddle East & Africa

KEY PLAYERS

Acolad Group, Appen Limited, ATAP Co., Welocalize Inc., RWS Holdings PLC, Semantix AB, SDL PLC, STAR Group Worldwide, Thebigword, TransPerfect, Translate Plus, LanguageWire, Lionbridge Technologies, Honyaku Center, Bureau Van Dijk, Moravia IT, LanguageLine Solutions, GuidingStar

CUSTOMIZATION

Report customization along with purchase available upon request

Global Language Service Market Overview

Globalization and Cross-Border Business Expansion: The increasing trend of globalization has intensified the demand for translation services as enterprises enter foreign markets. The Language Service Market is set for significant expansion as organizations endeavor to localize content for diverse areas. Proficient communication in several languages is increasingly crucial for sustaining brand credibility, ensuring compliance, and augmenting client engagement across diverse areas.

Advancements in AI and Machine Translation: Advancements in artificial intelligence (AI) and machine translation technologies are transforming the Language Service Market. These innovations have markedly diminished translation durations, allowing firms to function more effectively. As artificial intelligence progressively improves the precision and efficiency of language services, corporations will increasingly allocate resources to these technologies, resulting in heightened adoption and expansion within the sector.

Rise of Digital-First Communication: The digital transformation in various industries has intensified the demand for real-time language services. Organizations depend on digital platforms for international communication, hence augmenting the demand for translation and interpretation services. This transition is especially vital for industries such as e-commerce, legal, and healthcare, where precise and prompt communication is essential. The Language Service Market is poised for growth as enterprises allocate resources to digital language solutions to maintain competitiveness.

To Purchase a Comprehensive Report Analysis: https://www.verifiedmarketresearch.com/select-licence?rid=10719

High Costs Associated with Quality Services: Notwithstanding the progress in AI and automation, superior language services continue to necessitate proficient humans. The expense associated with human translators and interpreters poses a significant challenge, especially for small and medium enterprises (SMEs). This constraint may impede market growth, as enterprises might be reluctant to spend in premium services, favoring more economical yet less precise alternatives, which could obstruct overall market progress.

Data Security and Privacy Concerns: The growing dependence on cloud-based translation services and digital platforms presents substantial issues with data security and privacy. In sectors like legal, banking, and healthcare, the necessity to safeguard sensitive information may impede the adoption of language services without stringent security protocols. As enterprises emphasize data safety, the Language Service Market may experience decelerated growth if these issues remain unaddressed.

Dependence on Technology and Lack of Human Touch: Although AI and machine learning have enhanced efficiency, numerous language services lack the sophisticated comprehension of context and cultural subtleties that human translators provide. This constraint can impact the accuracy of translations, especially in sectors demanding precision, such as legal and medical domains. The dependence on technology devoid of human supervision may hinder the expansion of the Language Service Market as enterprises pursue solutions that integrate automation with human proficiency.

Geographical Dominance

North America dominates the Language Service Market owing to its robust business environment and the necessity for multilingual communication in industries such as technology, healthcare, and legal services. Europe quickly follows, propelled by the region’s linguistic diversity and regulatory frameworks. The Asia-Pacific region is fast advancing due to the growth of cross-border trade. This geographical preeminence facilitates market expansion as enterprises prioritize worldwide outreach, hence amplifying the demand for localization services.

Key Players

The “Global Language Service Market” study report will provide a valuable insight with an emphasis on the global market.  The major players in the market are Acolad Group, Appen Limited, ATAP Co., Welocalize Inc., RWS Holdings PLC, Semantix AB, SDL PLC, STAR Group Worldwide, Thebigword, TransPerfect, Translate Plus, LanguageWire, Lionbridge Technologies, Honyaku Center, Bureau Van Dijk, Moravia IT, LanguageLine Solutions, GuidingStar.

Language Service Market Segment Analysis

Based on the research, Verified Market Research has segmented the global Language Service Market into Service, End-User and Geography.

Language Service Market, by Service:TranslationInterpretationOthersLanguage Service Market, by End-User:HealthcareIT and TelecomBanking, Financial Services, and Insurance (BFSI)GovernmentOthersLanguage Service Market, by GeographyNorth AmericaU.SCanadaMexicoEuropeGermanyFranceU.KRest of EuropeAsia PacificChinaJapanIndiaRest of Asia PacificROWMiddle East & AfricaLatin America

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With a team of 500+ Analysts and subject matter experts, VMR leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.

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Neusoft Education officially renamed as ” Neutech Group Limited “, accelerating the advancement of the “education-healthcare-wellness and mind tour” strategy in a new stage

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HONG KONG, Jan. 11, 2025 /PRNewswire/ — On 9 January, Neusoft Education (09616.HK) announced that the Company’s English name will change from “Neusoft Education Technology Co. Limited” to “Neutech Group Limited”. The name change will take effect on the same day.

According to the announcement, the Company’s renaming to “Neutech Group Limited” better reflects its strategic transformation and upgrade, and more accurately demonstrates its five-in-one industry layout of “education-healthcare-wellness and mind tour”. This will establish a new corporate brand image and highlight the Company’s comprehensive strength in technological innovation and integrated development. Starting with the name change, the Company will focus on education and adapt to the aging economy, promoting the parallel development of academic education, continuing education, senior education, and resource output. This will create a business model of “education-assisted healthcare, education-assisted wellness, medical-care conversion, medical-education assistance, care-supported medicine, and care-education assistance”. Driven by technology and platform research and development, the company will achieve integrated development of education, medicine, care, health, and tourism, as well as efficient use of human, financial, and material resources. This will build a harmonious and inclusive “education + technology + medical care + health + tourism” prosperous ecosystem. It is expected to further enhance the Company’s brand reputation and industry influence, and support its sustainable development.

Neutech Group, as a pioneer in the “education-healthcare-wellness and mind tour” ecosystem in China, successfully listed on the Main Board of the Hong Kong Stock Exchange on 29 September 2020, becoming the “first stock of IT higher education” (stock code: 9616.HK). With the broad market opportunities brought by the aging population and the positive support of policies for the development of the elderly care industry, the Company leverages its innovative research and development capabilities in “education + technology + medical care” to build a new ecosystem of integrated development of ” education-healthcare-wellness and mind tour”.

In the education technology business sector, the Company will retain the main body of ” Neusoft Education Group” and continue to operate academic education, continuing education, and resource output businesses. Based on IT innovation education, the Company will further develop the “digital media” and “medical care” fields, build an integrated ecosystem of “education-healthcare-wellness”, and consolidate the core competitiveness of education technology in the future. The Company will also establish a characteristic product and service system based on the 4S model, providing first-class platforms, resources, models, and management services to governments, universities, hospitals, and health care institutions, continuously empowering partners’ reform and development.

In the elderly education and elderly care technology business sector, following the concept of “Elderly care starts with prevention, education drives elderly care, and technology empowers elderly care”, the Company has deeply developed elderly education through Neuedu Phoenix Academy and created a unique “LIFECARES” model of integrated elderly education with “leisure, care, medical services, education, and integration”. Using top-notch medical and care services and platform services to empower the elderly to live a happy life, the Company is building a dream university for active seniors. In addition, the Company will strengthen the training of elderly care service personnel by creating a one-stop industry chain of “university training + training + intern + human resource services”. On the other hand, the Company will build a medical and care technology operation service model, create an elderly care solution industrial ecosystem through the output of overall smart elderly care solutions and elderly care technology products and services, and achieve mutually beneficial cooperation with ecological partners.

In the medical and health care service sector, the Company integrates customer management service systems to provide intelligent medical and elderly care information solutions, and create a “medical care and elderly care” integrated development system with treatment-based medical institutions, rehabilitation-based nursing institutions, and care-based elderly care institutions. Its subsidiaries, Ruikang Cardiovascular Hospital, Dalian Ruikang Zhuomei Stomatology Hospital Co., Ltd., and Wecare Family Nursing Home, have been put into operation.

In the wellness tourism sector, targeting energetic seniors, the Company integrates tourism, education, and elderly care into one, with a focus on “leisure learning, slow travel, and peaceful living”. Through the concept of “study-travel-care”, seniors can experience a variety of dimensions of “learning-travel-care” in their travel and learning process, creating a comprehensive elderly education model that provides opportunities for art experiences, promotes physical and mental relaxation, enhances cultural literacy, and expands social interaction.

In addition, the Company expands its industrial management and service sector, with the vision of building a better life and using technology to empower intelligent logistics. It explores diverse, characteristic, and value-added service models to meet the diverse needs of internal and external customers, continuously expanding its brand reputation and social influence.

With its keen market insight and deep accumulation of industry and education resources, Neutech Group Limited actively embraces the development of the silver-haired economy, timely enters new tracks, and improves its position in the industrial ecosystem. Now, the Group’s new layout of “education-healthcare-wellness and mind tour ” has been formed, which not only helps to create a new growth curve but also continuously expands new development margins, moving towards becoming a leader in the development of the “education-healthcare-wellness and mind tour” ecosystem.

CONTACT: Lin Wei, weilin@neuedu.com

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SOURCE Neutech Group Limited

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RoboSense and Coco Robotics Forge Strategic Partnership to Revolutionize Autonomous Last-Mile Delivery

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LAS VEGAS, Jan. 12, 2025 /PRNewswire/ — RoboSense (2498.HK), a global leader in AI-driven robotics technology, and Coco Robotics, an innovator in delivery robots, have announced a strategic partnership to transform last-mile logistics. By combining RoboSense’s advanced sensor technology with Coco Robotics’s delivery solutions, the collaboration aims to enhance safety, efficiency, and sustainability in urban networks.

Coco Robotics bridges the gap between local businesses and customers through advanced navigation and real-time tracking, prioritizing sustainability by reducing carbon emissions and delivery costs. Since its launch in 2020, the company has expanded operations to major U.S. and European cities, forming partnerships with food delivery leaders like Uber Eats and DoorDash to meet the growing demands of modern logistics and support a greener future.

This partnership addresses key challenges in autonomous last-mile delivery by integrating RoboSense’s perception solutions into Coco Robotics’s fleet to enhance navigation and obstacle detection. Together, the companies are accelerating the deployment of delivery robots to optimize efficiency and scale operations.

“We’re thrilled to collaborate with RoboSense to push the boundaries of what’s possible in last-mile delivery,” said Zach Rash, Co-founder and CEO of Coco Robotics. “This partnership strengthens our ability to provide safe, reliable, and sustainable delivery solutions at scale, helping us better serve businesses and communities.”

Mark Qiu, CEO of RoboSense, said, “The successful collaboration with Coco Robotics is one of the key milestones in RoboSense’s global strategy. By combining our visual sensor technology with Coco Robotics’ innovative robotics solutions, we aim to redefine what’s possible in autonomous last-mile delivery. RoboSense will continue to innovate, providing superior incremental components and solutions to our global robotics customers. Partnering with Coco Robotics, we will create safer, smarter robotic delivery services and expand into global markets.”  

About RoboSense

RoboSense (2498.HK), founded in 2014, is an AI-driven robotics technology company that supplies industry-leading incremental components and solutions for the robotics market. The company is committed to “Become the global leader in robotics technology platforms”, and its mission is “Safer world, Smarter life”. For more information about RoboSense, visit https://www.robosense.ai 

About Coco Robotics

Coco Robotics is the world’s largest urban robot delivery platform. Founded in 2020, Coco has completed over 500,000 zero-emission deliveries, serving customers in the US and Europe. Coco’s mission is to create a more sustainable, reliable, and affordable last-mile logistics solution in cities around the world. For more information about Coco, visit cocodelivery.com  

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SOURCE RoboSense Technology Co., Ltd.

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AI Wellness Launches SoCal Fire Relief Initiative to Support Families and First Responders in Southern California

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LOS ANGELES, Jan. 11, 2025 /PRNewswire/ — Demonstrating a commitment to both innovation and compassion, AI Wellness has officially launched the SoCal Fire Relief Initiative to provide aid to families and first responders affected by the devastating fires in Southern California. Unveiled during CES 2025, this initiative aims to deliver critical resources and long-term recovery solutions to the communities hardest hit by this tragedy.

 

Southern California is more than just where we operate—it’s our home,” said Dr. Gideon Kwok, Co-Founder of AI Wellness. “The fires have left countless families without homes, belongings, and hope. This initiative is our way of giving back and rebuilding the lives of our neighbors and the first responders who have worked tirelessly to protect them.”

Let’s Take Action Together

The SoCal Fire Relief Initiative brings together individuals, brands, and organizations to address the urgent and long-term needs of affected communities. In partnership with the Mission Community Hospital Foundation and the Santo Niño Health Center, AI Wellness is leading efforts to:

Provide essential supplies such as food, water, clothing, and medical care to displaced families.Deliver hydration and wellness resources to first responders working on the frontlines.Support long-term community recovery through wellness programs and innovative solutions.

“It is during a crisis that the best of humanity comes out,” said Bernard Hiller. “It’s important for those affected to know they are not alone. This is a huge undertaking that we cannot do without you. These are our friends, neighbors, and family. Please help us.”

How You Can Help

The initiative provides several ways to make a difference:

Donate to Relief Efforts:
Contributions directly fund essential resources for families and first responders.Send Water to Evacuation Centers:
Every purchase of AI Wellness Water helps ensure first responders and displaced families stay hydrated, while also funding continued production and donation efforts.Spread Awareness:
Share the SoCal Fire Relief Initiative with your networks to amplify its reach and inspire collective action.Wellness Bundles:
Wellness bundle purchases such as the Powersuit, Smart Ring, and Mindbody Matrix Water, help support relief efforts with proceeds contributing to recovery initiatives.

DONATE HERE

Real Impact in Action

Since the fires began, AI Wellness and its partners have made a significant impact:

Delivered over 10,000 water packs to evacuation centers and first responders.Distributed 500 wellness bundles to displaced families.Donated proceeds from the first 1,000 AI Wellness Powersuits and 5,000 Smart Rings to relief efforts.Raised $250,000 to support critical aid and recovery.

“This initiative is about more than providing relief,” said Abby Aboitiz Founder of AI Wellness. “It’s about restoring hope and rebuilding our community, together.”

Uniting Brands and Innovators

During CES 2025, AI Wellness called on brands and innovators to collaborate on this critical mission. Companies can contribute by donating resources, partnering on curated wellness bundles, or amplifying awareness for the initiative.

“We’re inspired by the innovation and generosity of the brands we’ve met here at CES,” said Dr. TK Huynh, Medical Innovator at AI Wellness. “Together, we can transform this tragedy into an opportunity to rebuild lives and strengthen our community.”

Join the SoCal Fire Relief Initiative

Support the SoCal Fire Relief Initiative by visiting aiwellness.ai or contacting AI Wellness directly:

Email: info@aiwellness.aiInstagram: @aiwellnesstv

About AI Wellness

AI Wellness is a pioneer in health, wellness, and philanthropy, combining cutting-edge AI technology with innovative solutions to address the most pressing challenges facing communities today. From digital avatars to precision education and curated wellness bundles, AI Wellness empowers individuals and brands to make a meaningful impact.

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SOURCE Assisted Intelligence Wellness, Inc.

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