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Language Translation Software Market Is Expected to Grow at a CAGR of 8 2% 2020 to 2025
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Language Translation Software Market 2021 Global Leading Drivers, Emerging Audience, COVID - 19 Outbreak, Segments, Industry Profits Growth and Regional Analysis
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The global language services market grew at a CAGR of around 6% during 2014-2019. Language services stand for the set of language assistance solutions that offer varying degrees of interpretation, translation, comprehension, localization, and other training services. They include a wide range of electronic, written, and multimedia materials for transcription, dubbing, narration, voice-over, etc. Language services provide several benefits, such as effective communication, wide geographical outreach, high accuracy rate, skill development, along with offering a highly interactive learning platform to the users.
Further, the adoption of these services promotes the integration of technology with human communication. Owing to this, language services are widely employed across diverse sectors, including legal, medical, IT and telecommunication, education, automotive, and BFSI.