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The global language translation software market is forecasted to grow by USD 13.01 billion during 2025-2030, accelerating at a CAGR of 16.3% during the forecast period. The report on the global language translation software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by accelerating globalization and expansion of cross border e-commerce, continuous advancements in artificial intelligence and translation quality, proliferation of real time, multilingual digital content.
The study identifies the shift toward hyper-personalization and adaptive machine translation as one of the prime reasons driving the global language translation software market growth during the next few years. Also, rise of on-device and edge translation for privacy and performance and deep integration into enterprise automation and intelligence platforms will lead to sizable demand in the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The global language translation software market is segmented as below:
By Solution
- Rule-based machine translation
- Statistical-based machine translation
- Hybrid machine translation
- Others
By Technology
- Neural machine translation
- Statistical machine translation
- Human translation
By End-User
- Large enterprises
- SMEs
By Region
- North America
- Europe
- APAC
- South America
- Middle East and Africa
- Rest of World (RoW)
The report covers the following areas:
- Global language translation software market sizing
- Global language translation software market forecast
- Global language translation software market industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Solution
9 Market Segmentation by Technology
10 Market Segmentation by End-user
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global global language translation software market: Acolad Group, AppTek, Babylon Software Ltd., Google LLC, IBM Corp., Keywords Studios Plc, Language Line Solutions, LILT Inc., Lingotek Inc., Lionbridge Technologies LLC, MateCat, Microsoft Corp., RR Donnelley and Sons Co., RWS Holdings PLC, Smartling Inc., SYSTRAN SA, thebigword., Transifex, TransPerfect Global Inc., Welocalize Inc..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is shift toward hyper-personalization and adaptive machine translation."
According to the report, one of the major drivers for this market is the accelerating globalization and expansion of cross border e-commerce.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Acolad Group
- AppTek
- Babylon Software Ltd.
- Google LLC
- IBM Corp.
- Keywords Studios PLC
- Language Line Solutions
- LILT Inc.
- Lingotek Inc.
- Lionbridge Technologies LLC
- MateCat
- Microsoft Corp.
- RR Donnelley and Sons Co.
- RWS Holdings PLC
- Smartling Inc.
- SYSTRAN SA
- thebigword.
- Transifex
- TransPerfect Global Inc.
- Welocalize Inc.
