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Translation Service Market to Reach US$ 89.94 Billion by 2033 as Globalization and AI Drive Multilingual Demand | Astute Analytica [Yahoo! Finance]
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Advanced AI-powered machine translation, combined with human expertise, is enhancing accuracy and efficiency, enabling companies like Netflix and Amazon to deliver content and services seamlessly to multilingual audiences worldwide. Chicago, Feb. 04, 2026 (GLOBE NEWSWIRE) -- The global translation service market was valued at 50.12 billion in 2023 and is expected to reach US$ 89.94 billion by 2032, growing at a CAGR of 6.7% from 2024 to 2032. The global translation service market is in high demand and likely to continue at an exponential rate, boosted by a number of factors such as economic, technological, and social shifts. The rising e-commerce sector is on its way to reaching US$ 8.1 trillion by 2026. Massive numbers like this require the translation of product descriptions and website content to a worldwide audience. Which would all be translated with the intent of increasing sales across different markets around the world. The introduction of new advanced tech makes translati
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