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The publisher has been monitoring the language translation software market and it is poised to grow by $ 9.37 bn during 2022-2026, progressing at a CAGR of 15.3% during the forecast period. This report on 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 global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased adoption of mobile translation, globalization of businesses, and technology adoption to enhance language translation process efficiency.
The language translation software market analysis includes solution segment and geographic landscape.
The language translation software market is segmented as below:
By Solution
- Rule-Based Machine Transition
- Statistical-Based Machine Transition
- Hybrid Machine Transition
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- The Middle East and Africa
This study identifies the growing demand for cloud-based language translation software offerings as one of the prime reasons driving the language translation software market growth during the next few years. Also, the growing number of collaborations and acquisitions, and the advent of NMT (neutral machine translation) and ai (artificial intelligence) will lead to sizable demand in the market.
The publisher 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.
This report on the language translation software market covers the following areas:
- Language translation software market sizing
- Language translation software market forecast
- Language translation software market industry analysis
The publisher's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading language translation software market vendors that include Acolad, Alphabet Inc., AppTek, Babylon Software Ltd., Global Linguist Solutions LLC, Inriver AB, International Business Machines Corp., Language Engineering Co., LanguageLine Solutions, Lingotek Inc., Lionbridge Technologies LLC, MateCat, Memsource AS, Microsoft Corp., RR Donnelley and Sons Co., RWS Holdings PLC, SYSTRAN SA, thebigword Group Ltd., and Transifex Ltd. Also, the language translation software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
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 an analysis of the key vendors.
The publisher 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 research - both primary and secondary. Technavio's 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 Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Solution
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
List of Exhibits
Executive Summary
The Publisher Announces the Publication of its Research Report - Global Language Translation Software Market 2022-2026The publisher recognizes the following companies as the key players in the global language translation software market: Acolad, Alphabet Inc., AppTek, Babylon Software Ltd., Global Linguist Solutions LLC, Inriver AB, International Business Machines Corp., Language Engineering Co., LanguageLine Solutions, Lingotek Inc., Lionbridge Technologies LLC, MateCat, Memsource AS, Microsoft Corp., RR Donnelley and Sons Co., RWS Holdings PLC, SYSTRAN SA, thebigword Group Ltd., and Transifex Ltd.
Commenting on the report, an analyst from the publisher said: 'The latest trend gaining momentum in the market is growing demand for cloud-based language translation software offerings.'
According to the report, one of the major drivers for this market is the increased adoption of mobile translation.
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
- Alphabet Inc.
- AppTek
- Babylon Software Ltd.
- Global Linguist Solutions LLC
- Inriver AB
- International Business Machines Corp.
- Language Engineering Co.
- LanguageLine Solutions
- Lingotek Inc.
- Lionbridge Technologies LLC
- MateCat
- Memsource AS
- Microsoft Corp.
- RR Donnelley and Sons Co.
- RWS Holdings PLC
- SYSTRAN SA
- thebigword Group Ltd.
- Transifex Ltd.
