Language Translation Software Market By Component, By Solution Type, By Enterprise Size, By Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2031

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. High bargaining power of suppliers
3.3.2. High bargaining power of buyers
3.3.3. Moderate threat of substitutes
3.3.4. High threat of new entrants
3.3.5. Moderate intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Increase in prevalence of smartphones around the globe
3.4.1.2. Rise in Government investments
3.4.2. Restraints
3.4.2.1. Alternative tools and free language translators accessibility
3.4.3. Opportunities
3.4.3.1. Expanding business communication needs
3.5. COVID-19 Impact Analysis on the market

CHAPTER 4: LANGUAGE TRANSLATION SOFTWARE MARKET, BY COMPONENT
4.1. Overview
4.1.1. Market size and forecast
4.2. Solution
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Services
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country

CHAPTER 5: LANGUAGE TRANSLATION SOFTWARE MARKET, BY SOLUTION TYPE
5.1. Overview
5.1.1. Market size and forecast
5.2. Rule-Based Machine Translation
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Statistical Based Machine Translation
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Hybrid Machine Translation
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country

CHAPTER 6: LANGUAGE TRANSLATION SOFTWARE MARKET, BY ENTERPRISE SIZE
6.1. Overview
6.1.1. Market size and forecast
6.2. Large Enterprises
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. SMEs
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country

CHAPTER 7: LANGUAGE TRANSLATION SOFTWARE MARKET, BY INDUSTRY VERTICAL
7.1. Overview
7.1.1. Market size and forecast
7.2. IT and Telecom
7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by region
7.2.3. Market share analysis by country
7.3. Healthcare
7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, by region
7.3.3. Market share analysis by country
7.4. Manufacturing
7.4.1. Key market trends, growth factors and opportunities
7.4.2. Market size and forecast, by region
7.4.3. Market share analysis by country
7.5. BFSI
7.5.1. Key market trends, growth factors and opportunities
7.5.2. Market size and forecast, by region
7.5.3. Market share analysis by country
7.6. Education
7.6.1. Key market trends, growth factors and opportunities
7.6.2. Market size and forecast, by region
7.6.3. Market share analysis by country
7.7. Travel and Tourism
7.7.1. Key market trends, growth factors and opportunities
7.7.2. Market size and forecast, by region
7.7.3. Market share analysis by country
7.8. Others
7.8.1. Key market trends, growth factors and opportunities
7.8.2. Market size and forecast, by region
7.8.3. Market share analysis by country

CHAPTER 8: LANGUAGE TRANSLATION SOFTWARE MARKET, BY REGION
8.1. Overview
8.1.1. Market size and forecast By Region
8.2. North America
8.2.1. Key trends and opportunities
8.2.2. Market size and forecast, by Component
8.2.3. Market size and forecast, by Solution Type
8.2.4. Market size and forecast, by Enterprise Size
8.2.5. Market size and forecast, by Industry Vertical
8.2.6. Market size and forecast, by country
8.2.6.1. U.S.
8.2.6.1.1. Key market trends, growth factors and opportunities
8.2.6.1.2. Market size and forecast, by Component
8.2.6.1.3. Market size and forecast, by Solution Type
8.2.6.1.4. Market size and forecast, by Enterprise Size
8.2.6.1.5. Market size and forecast, by Industry Vertical
8.2.6.2. Canada
8.2.6.2.1. Key market trends, growth factors and opportunities
8.2.6.2.2. Market size and forecast, by Component
8.2.6.2.3. Market size and forecast, by Solution Type
8.2.6.2.4. Market size and forecast, by Enterprise Size
8.2.6.2.5. Market size and forecast, by Industry Vertical
8.3. Europe
8.3.1. Key trends and opportunities
8.3.2. Market size and forecast, by Component
8.3.3. Market size and forecast, by Solution Type
8.3.4. Market size and forecast, by Enterprise Size
8.3.5. Market size and forecast, by Industry Vertical
8.3.6. Market size and forecast, by country
8.3.6.1. UK
8.3.6.1.1. Key market trends, growth factors and opportunities
8.3.6.1.2. Market size and forecast, by Component
8.3.6.1.3. Market size and forecast, by Solution Type
8.3.6.1.4. Market size and forecast, by Enterprise Size
8.3.6.1.5. Market size and forecast, by Industry Vertical
8.3.6.2. Germany
8.3.6.2.1. Key market trends, growth factors and opportunities
8.3.6.2.2. Market size and forecast, by Component
8.3.6.2.3. Market size and forecast, by Solution Type
8.3.6.2.4. Market size and forecast, by Enterprise Size
8.3.6.2.5. Market size and forecast, by Industry Vertical
8.3.6.3. France
8.3.6.3.1. Key market trends, growth factors and opportunities
8.3.6.3.2. Market size and forecast, by Component
8.3.6.3.3. Market size and forecast, by Solution Type
8.3.6.3.4. Market size and forecast, by Enterprise Size
8.3.6.3.5. Market size and forecast, by Industry Vertical
8.3.6.4. Italy
8.3.6.4.1. Key market trends, growth factors and opportunities
8.3.6.4.2. Market size and forecast, by Component
8.3.6.4.3. Market size and forecast, by Solution Type
8.3.6.4.4. Market size and forecast, by Enterprise Size
8.3.6.4.5. Market size and forecast, by Industry Vertical
8.3.6.5. Spain
8.3.6.5.1. Key market trends, growth factors and opportunities
8.3.6.5.2. Market size and forecast, by Component
8.3.6.5.3. Market size and forecast, by Solution Type
8.3.6.5.4. Market size and forecast, by Enterprise Size
8.3.6.5.5. Market size and forecast, by Industry Vertical
8.3.6.6. Netherlands
8.3.6.6.1. Key market trends, growth factors and opportunities
8.3.6.6.2. Market size and forecast, by Component
8.3.6.6.3. Market size and forecast, by Solution Type
8.3.6.6.4. Market size and forecast, by Enterprise Size
8.3.6.6.5. Market size and forecast, by Industry Vertical
8.3.6.7. Rest of Europe
8.3.6.7.1. Key market trends, growth factors and opportunities
8.3.6.7.2. Market size and forecast, by Component
8.3.6.7.3. Market size and forecast, by Solution Type
8.3.6.7.4. Market size and forecast, by Enterprise Size
8.3.6.7.5. Market size and forecast, by Industry Vertical
8.4. Asia-Pacific
8.4.1. Key trends and opportunities
8.4.2. Market size and forecast, by Component
8.4.3. Market size and forecast, by Solution Type
8.4.4. Market size and forecast, by Enterprise Size
8.4.5. Market size and forecast, by Industry Vertical
8.4.6. Market size and forecast, by country
8.4.6.1. China
8.4.6.1.1. Key market trends, growth factors and opportunities
8.4.6.1.2. Market size and forecast, by Component
8.4.6.1.3. Market size and forecast, by Solution Type
8.4.6.1.4. Market size and forecast, by Enterprise Size
8.4.6.1.5. Market size and forecast, by Industry Vertical
8.4.6.2. India
8.4.6.2.1. Key market trends, growth factors and opportunities
8.4.6.2.2. Market size and forecast, by Component
8.4.6.2.3. Market size and forecast, by Solution Type
8.4.6.2.4. Market size and forecast, by Enterprise Size
8.4.6.2.5. Market size and forecast, by Industry Vertical
8.4.6.3. Japan
8.4.6.3.1. Key market trends, growth factors and opportunities
8.4.6.3.2. Market size and forecast, by Component
8.4.6.3.3. Market size and forecast, by Solution Type
8.4.6.3.4. Market size and forecast, by Enterprise Size
8.4.6.3.5. Market size and forecast, by Industry Vertical
8.4.6.4. Australia
8.4.6.4.1. Key market trends, growth factors and opportunities
8.4.6.4.2. Market size and forecast, by Component
8.4.6.4.3. Market size and forecast, by Solution Type
8.4.6.4.4. Market size and forecast, by Enterprise Size
8.4.6.4.5. Market size and forecast, by Industry Vertical
8.4.6.5. South Korea
8.4.6.5.1. Key market trends, growth factors and opportunities
8.4.6.5.2. Market size and forecast, by Component
8.4.6.5.3. Market size and forecast, by Solution Type
8.4.6.5.4. Market size and forecast, by Enterprise Size
8.4.6.5.5. Market size and forecast, by Industry Vertical
8.4.6.6. Rest of Asia-Pacific
8.4.6.6.1. Key market trends, growth factors and opportunities
8.4.6.6.2. Market size and forecast, by Component
8.4.6.6.3. Market size and forecast, by Solution Type
8.4.6.6.4. Market size and forecast, by Enterprise Size
8.4.6.6.5. Market size and forecast, by Industry Vertical
8.5. LAMEA
8.5.1. Key trends and opportunities
8.5.2. Market size and forecast, by Component
8.5.3. Market size and forecast, by Solution Type
8.5.4. Market size and forecast, by Enterprise Size
8.5.5. Market size and forecast, by Industry Vertical
8.5.6. Market size and forecast, by country
8.5.6.1. Latin America
8.5.6.1.1. Key market trends, growth factors and opportunities
8.5.6.1.2. Market size and forecast, by Component
8.5.6.1.3. Market size and forecast, by Solution Type
8.5.6.1.4. Market size and forecast, by Enterprise Size
8.5.6.1.5. Market size and forecast, by Industry Vertical
8.5.6.2. Middle East
8.5.6.2.1. Key market trends, growth factors and opportunities
8.5.6.2.2. Market size and forecast, by Component
8.5.6.2.3. Market size and forecast, by Solution Type
8.5.6.2.4. Market size and forecast, by Enterprise Size
8.5.6.2.5. Market size and forecast, by Industry Vertical
8.5.6.3. Africa
8.5.6.3.1. Key market trends, growth factors and opportunities
8.5.6.3.2. Market size and forecast, by Component
8.5.6.3.3. Market size and forecast, by Solution Type
8.5.6.3.4. Market size and forecast, by Enterprise Size
8.5.6.3.5. Market size and forecast, by Industry Vertical

CHAPTER 9: COMPETITIVE LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top player positioning, 2021

CHAPTER 10: COMPANY PROFILES
10.1. Acolad
10.1.1. Company overview
10.1.2. Key Executives
10.1.3. Company snapshot
10.1.4. Operating business segments
10.1.5. Product portfolio
10.1.6. Key strategic moves and developments
10.2. Alphabet Inc
10.2.1. Company overview
10.2.2. Key Executives
10.2.3. Company snapshot
10.2.4. Operating business segments
10.2.5. Product portfolio
10.2.6. Business performance
10.2.7. Key strategic moves and developments
10.3. apptek
10.3.1. Company overview
10.3.2. Key Executives
10.3.3. Company snapshot
10.3.4. Operating business segments
10.3.5. Product portfolio
10.3.6. Key strategic moves and developments
10.4. Babylon Software
10.4.1. Company overview
10.4.2. Key Executives
10.4.3. Company snapshot
10.4.4. Operating business segments
10.4.5. Product portfolio
10.5. global linguist solutions
10.5.1. Company overview
10.5.2. Key Executives
10.5.3. Company snapshot
10.5.4. Operating business segments
10.5.5. Product portfolio
10.6. inriver
10.6.1. Company overview
10.6.2. Key Executives
10.6.3. Company snapshot
10.6.4. Operating business segments
10.6.5. Product portfolio
10.7. International Business Machines Corporation
10.7.1. Company overview
10.7.2. Key Executives
10.7.3. Company snapshot
10.7.4. Operating business segments
10.7.5. Product portfolio
10.7.6. Business performance
10.7.7. Key strategic moves and developments
10.8. LanguageLine Solutions
10.8.1. Company overview
10.8.2. Key Executives
10.8.3. Company snapshot
10.8.4. Operating business segments
10.8.5. Product portfolio
10.9. Microsoft Corporation
10.9.1. Company overview
10.9.2. Key Executives
10.9.3. Company snapshot
10.9.4. Operating business segments
10.9.5. Product portfolio
10.9.6. Business performance
10.9.7. Key strategic moves and developments
10.10. Lingotek
10.10.1. Company overview
10.10.2. Key Executives
10.10.3. Company snapshot
10.10.4. Operating business segments
10.10.5. Product portfolio

List of Tables
Table 01. Global Language Translation Software Market, by Component, 2021-2031 (Revenue, $Million)
Table 02. Language Translation Software Market for Solution, by Region, 2021-2031 (Revenue, $Million)
Table 03. Language Translation Software Market for Services, by Region, 2021-2031 (Revenue, $Million)
Table 04. Global Language Translation Software Market, by Solution Type, 2021-2031 (Revenue, $Million)
Table 05. Language Translation Software Market for Rule-based Machine Translation, by Region, 2021-2031 (Revenue, $Million)
Table 06. Language Translation Software Market for Statistical Based Machine Translation, by Region, 2021-2031 (Revenue, $Million)
Table 07. Language Translation Software Market for Hybrid Machine Translation, by Region, 2021-2031 (Revenue, $Million)
Table 08. Global Language Translation Software Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 09. Language Translation Software Market for Large Enterprises, by Region, 2021-2031 (Revenue, $Million)
Table 10. Language Translation Software Market for SMEs, by Region, 2021-2031 (Revenue, $Million)
Table 11. Global Language Translation Software Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 12. Language Translation Software Market for IT and Telecom, by Region, 2021-2031 (Revenue, $Million)
Table 13. Language Translation Software Market for Healthcare, by Region, 2021-2031 (Revenue, $Million)
Table 14. Language Translation Software Market for Manufacturing, by Region, 2021-2031 (Revenue, $Million)
Table 15. Language Translation Software Market for Bfsi, by Region, 2021-2031 (Revenue, $Million)
Table 16. Language Translation Software Market for Education, by Region, 2021-2031 (Revenue, $Million)
Table 17. Language Translation Software Market for Travel and Tourism, by Region, 2021-2031 (Revenue, $Million)
Table 18. Language Translation Software Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 19. Language Translation Software Market, by Region, 2021-2031 (Revenue, $Million)
Table 20. North America Language Translation Software Market, by Component, 2021-2031 (Revenue, $Million)
Table 21. North America Language Translation Software Market, by Solution Type, 2021-2031 (Revenue, $Million)
Table 22. North America Language Translation Software Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 23. North America Language Translation Software Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 24. North America Language Translation Software Market, by Country, 2021-2031 (Revenue, $Million)
Table 25. U.S. Language Translation Software Market, by Component, 2021-2031 (Revenue, $Million)
Table 26. U.S. Language Translation Software Market, by Solution Type, 2021-2031 (Revenue, $Million)
Table 27. U.S. Language Translation Software Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 28. U.S. Language Translation Software Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 29. Canada Language Translation Software Market, by Component, 2021-2031 (Revenue, $Million)
Table 30. Canada Language Translation Software Market, by Solution Type, 2021-2031 (Revenue, $Million)
Table 31. Canada Language Translation Software Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 32. Canada Language Translation Software Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 33. Europe Language Translation Software Market, by Component, 2021-2031 (Revenue, $Million)
Table 34. Europe Language Translation Software Market, by Solution Type, 2021-2031 (Revenue, $Million)
Table 35. Europe Language Translation Software Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 36. Europe Language Translation Software Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 37. Europe Language Translation Software Market, by Country, 2021-2031 (Revenue, $Million)
Table 38. UK Language Translation Software Market, by Component, 2021-2031 (Revenue, $Million)
Table 39. UK Language Translation Software Market, by Solution Type, 2021-2031 (Revenue, $Million)
Table 40. UK Language Translation Software Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 41. UK Language Translation Software Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 42. Germany Language Translation Software Market, by Component, 2021-2031 (Revenue, $Million)
Table 43. Germany Language Translation Software Market, by Solution Type, 2021-2031 (Revenue, $Million)
Table 44. Germany Language Translation Software Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 45. Germany Language Translation Software Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 46. France Language Translation Software Market, by Component, 2021-2031 (Revenue, $Million)
Table 47. France Language Translation Software Market, by Solution Type, 2021-2031 (Revenue, $Million)
Table 48. France Language Translation Software Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 49. France Language Translation Software Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 50. Italy Language Translation Software Market, by Component, 2021-2031 (Revenue, $Million)
Table 51. Italy Language Translation Software Market, by Solution Type, 2021-2031 (Revenue, $Million)
Table 52. Italy Language Translation Software Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 53. Italy Language Translation Software Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 54. Spain Language Translation Software Market, by Component, 2021-2031 (Revenue, $Million)
Table 55. Spain Language Translation Software Market, by Solution Type, 2021-2031 (Revenue, $Million)
Table 56. Spain Language Translation Software Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 57. Spain Language Translation Software Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 58. Netherlands Language Translation Software Market, by Component, 2021-2031 (Revenue, $Million)
Table 59. Netherlands Language Translation Software Market, by Solution Type, 2021-2031 (Revenue, $Million)
Table 60. Netherlands Language Translation Software Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 61. Netherlands Language Translation Software Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 62. Rest of Europe Language Translation Software Market, by Component, 2021-2031 (Revenue, $Million)
Table 63. Rest of Europe Language Translation Software Market, by Solution Type, 2021-2031 (Revenue, $Million)
Table 64. Rest of Europe Language Translation Software Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 65. Rest of Europe Language Translation Software Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 66. Asia-Pacific Language Translation Software Market, by Component, 2021-2031 (Revenue, $Million)
Table 67. Asia-Pacific Language Translation Software Market, by Solution Type, 2021-2031 (Revenue, $Million)
Table 68. Asia-Pacific Language Translation Software Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 69. Asia-Pacific Language Translation Software Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 70. Asia-Pacific Language Translation Software Market, by Country, 2021-2031 (Revenue, $Million)
Table 71. China Language Translation Software Market, by Component, 2021-2031 (Revenue, $Million)
Table 72. China Language Translation Software Market, by Solution Type, 2021-2031 (Revenue, $Million)
Table 73. China Language Translation Software Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 74. China Language Translation Software Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 75. India Language Translation Software Market, by Component, 2021-2031 (Revenue, $Million)
Table 76. India Language Translation Software Market, by Solution Type, 2021-2031 (Revenue, $Million)
Table 77. India Language Translation Software Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 78. India Language Translation Software Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 79. Japan Language Translation Software Market, by Component, 2021-2031 (Revenue, $Million)
Table 80. Japan Language Translation Software Market, by Solution Type, 2021-2031 (Revenue, $Million)
Table 81. Japan Language Translation Software Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 82. Japan Language Translation Software Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 83. Australia Language Translation Software Market, by Component, 2021-2031 (Revenue, $Million)
Table 84. Australia Language Translation Software Market, by Solution Type, 2021-2031 (Revenue, $Million)
Table 85. Australia Language Translation Software Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 86. Australia Language Translation Software Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 87. South Korea Language Translation Software Market, by Component, 2021-2031 (Revenue, $Million)
Table 88. South Korea Language Translation Software Market, by Solution Type, 2021-2031 (Revenue, $Million)
Table 89. South Korea Language Translation Software Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 90. South Korea Language Translation Software Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 91. Rest of Asia-Pacific Language Translation Software Market, by Component, 2021-2031 (Revenue, $Million)
Table 92. Rest of Asia-Pacific Language Translation Software Market, by Solution Type, 2021-2031 (Revenue, $Million)
Table 93. Rest of Asia-Pacific Language Translation Software Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 94. Rest of Asia-Pacific Language Translation Software Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 95. LAMEA Language Translation Software Market, by Component, 2021-2031 (Revenue, $Million)
Table 96. LAMEA Language Translation Software Market, by Solution Type, 2021-2031 (Revenue, $Million)
Table 97. LAMEA Language Translation Software Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 98. LAMEA Language Translation Software Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 99. LAMEA Language Translation Software Market, by Country, 2021-2031 (Revenue, $Million)
Table 100. Latin America Language Translation Software Market, by Component, 2021-2031 (Revenue, $Million)
Table 101. Latin America Language Translation Software Market, by Solution Type, 2021-2031 (Revenue, $Million)
Table 102. Latin America Language Translation Software Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 103. Latin America Language Translation Software Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 104. Middle East Language Translation Software Market, by Component, 2021-2031 (Revenue, $Million)
Table 105. Middle East Language Translation Software Market, by Solution Type, 2021-2031 (Revenue, $Million)
Table 106. Middle East Language Translation Software Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 107. Middle East Language Translation Software Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 108. Africa Language Translation Software Market, by Component, 2021-2031 (Revenue, $Million)
Table 109. Africa Language Translation Software Market, by Solution Type, 2021-2031 (Revenue, $Million)
Table 110. Africa Language Translation Software Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 111. Africa Language Translation Software Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 112. Acolad: Key Executives
Table 113. Acolad: Company Snapshot
Table 114. Acolad: Service Segments
Table 115. Acolad: Product Portfolio
Table 116. Acolad: Key Strategies
Table 117. Alphabet Inc.: Key Executives
Table 118. Alphabet Inc.: Company Snapshot
Table 119. Alphabet Inc.: Service Segments
Table 120. Alphabet Inc.: Product Portfolio
Table 121. Alphabet Inc.: Key Strategies
Table 122. Apptek: Key Executives
Table 123. Apptek: Company Snapshot
Table 124. Apptek: Service Segments
Table 125. Apptek: Product Portfolio
Table 126. Apptek: Key Strategies
Table 127. Babylon Software: Key Executives
Table 128. Babylon Software: Company Snapshot
Table 129. Babylon Software: Product Segments
Table 130. Babylon Software: Product Portfolio
Table 131. Global Linguist Solutions: Key Executives
Table 132. Global Linguist Solutions: Company Snapshot
Table 133. Global Linguist Solutions: Product Segments
Table 134. Global Linguist Solutions: Product Portfolio
Table 135. Inriver: Key Executives
Table 136. Inriver: Company Snapshot
Table 137. Inriver: Product Segments
Table 138. Inriver: Product Portfolio
Table 139. International Business Machines Corporation: Key Executives
Table 140. International Business Machines Corporation: Company Snapshot
Table 141. International Business Machines Corporation: Service Segments
Table 142. International Business Machines Corporation: Product Portfolio
Table 143. International Business Machines Corporation: Key Strategies
Table 144. Languageline Solutions: Key Executives
Table 145. Languageline Solutions: Company Snapshot
Table 146. Languageline Solutions: Product Segments
Table 147. Languageline Solutions: Product Portfolio
Table 148. Microsoft Corporation: Key Executives
Table 149. Microsoft Corporation: Company Snapshot
Table 150. Microsoft Corporation: Service Segments
Table 151. Microsoft Corporation: Product Portfolio
Table 152. Microsoft Corporation: Key Strategies
Table 153. Lingotek: Key Executives
Table 154. Lingotek: Company Snapshot
Table 155. Lingotek: Product Segments
Table 156. Lingotek: Product Portfolio

List of Figures
Figure 01. Language Translation Software Market, 2021-2031
Figure 02. Segmentation of Language Translation Software Market, 2021-2031
Figure 03. Top Investment Pockets in Language Translation Software Market (2022-2031)
Figure 04. High Bargaining Power of Suppliers
Figure 05. High Bargaining Power of Buyers
Figure 06. Moderate Threat of Substitutes
Figure 07. High Threat of New Entrants
Figure 08. Moderate Intensity of Rivalry
Figure 09. Drivers, Restraints and Opportunities: Globallanguage Translation Software Market
Figure 10. Language Translation Software Market, by Component, 2021(%)
Figure 11. Comparative Share Analysis of Language Translation Software Market for Solution, by Country 2021-2031(%)
Figure 12. Comparative Share Analysis of Language Translation Software Market for Services, by Country 2021-2031(%)
Figure 13. Language Translation Software Market, by Solution Type, 2021(%)
Figure 14. Comparative Share Analysis of Language Translation Software Market for Rule-based Machine Translation, by Country 2021-2031(%)
Figure 15. Comparative Share Analysis of Language Translation Software Market for Statistical Based Machine Translation, by Country 2021-2031(%)
Figure 16. Comparative Share Analysis of Language Translation Software Market for Hybrid Machine Translation, by Country 2021-2031(%)
Figure 17. Language Translation Software Market, by Enterprise Size, 2021(%)
Figure 18. Comparative Share Analysis of Language Translation Software Market for Large Enterprises, by Country 2021-2031(%)
Figure 19. Comparative Share Analysis of Language Translation Software Market for SMEs, by Country 2021-2031(%)
Figure 20. Language Translation Software Market, by Industry Vertical, 2021(%)
Figure 21. Comparative Share Analysis of Language Translation Software Market for IT and Telecom, by Country 2021-2031(%)
Figure 22. Comparative Share Analysis of Language Translation Software Market for Healthcare, by Country 2021-2031(%)
Figure 23. Comparative Share Analysis of Language Translation Software Market for Manufacturing, by Country 2021-2031(%)
Figure 24. Comparative Share Analysis of Language Translation Software Market for Bfsi, by Country 2021-2031(%)
Figure 25. Comparative Share Analysis of Language Translation Software Market for Education, by Country 2021-2031(%)
Figure 26. Comparative Share Analysis of Language Translation Software Market for Travel and Tourism, by Country 2021-2031(%)
Figure 27. Comparative Share Analysis of Language Translation Software Market for Others, by Country 2021-2031(%)
Figure 28. Language Translation Software Market by Region, 2021
Figure 29. U.S. Language Translation Software Market, 2021-2031 ($Million)
Figure 30. Canada Language Translation Software Market, 2021-2031 ($Million)
Figure 31. UK Language Translation Software Market, 2021-2031 ($Million)
Figure 32. Germany Language Translation Software Market, 2021-2031 ($Million)
Figure 33. France Language Translation Software Market, 2021-2031 ($Million)
Figure 34. Italy Language Translation Software Market, 2021-2031 ($Million)
Figure 35. Spain Language Translation Software Market, 2021-2031 ($Million)
Figure 36. Netherlands Language Translation Software Market, 2021-2031 ($Million)
Figure 37. Rest of Europe Language Translation Software Market, 2021-2031 ($Million)
Figure 38. China Language Translation Software Market, 2021-2031 ($Million)
Figure 39. India Language Translation Software Market, 2021-2031 ($Million)
Figure 40. Japan Language Translation Software Market, 2021-2031 ($Million)
Figure 41. Australia Language Translation Software Market, 2021-2031 ($Million)
Figure 42. South Korea Language Translation Software Market, 2021-2031 ($Million)
Figure 43. Rest of Asia-Pacific Language Translation Software Market, 2021-2031 ($Million)
Figure 44. Latin America Language Translation Software Market, 2021-2031 ($Million)
Figure 45. Middle East Language Translation Software Market, 2021-2031 ($Million)
Figure 46. Africa Language Translation Software Market, 2021-2031 ($Million)
Figure 47. Top Winning Strategies, by Year
Figure 48. Top Winning Strategies, by Development
Figure 49. Top Winning Strategies, by Company
Figure 50. Product Mapping of Top 10 Players
Figure 51. Competitive Dashboard
Figure 52. Competitive Heatmap: Language Translation Software Market
Figure 53. Top Player Positioning, 2021
Figure 54. Alphabet Inc.: Net Revenue, 2019-2021 ($Million)
Figure 55. Alphabet Inc.: Research & Development Expenditure, 2019-2021
Figure 56. Alphabet Inc.: Revenue Share by Segment, 2021 (%)
Figure 57. Alphabet Inc.: Revenue Share by Region, 2021 (%)
Figure 58. International Business Machines Corporation: Net Revenue, 2019-2021 ($Million)
Figure 59. International Business Machines Corporation: Revenue Share by Segment, 2021 (%)
Figure 60. International Business Machines Corporation: Revenue Share by Region, 2021 (%)
Figure 61. Microsoft Corporation: Net Revenue, 2018-2020 ($Million)
Figure 62. Microsoft Corporation: Research & Development Expenditure, 2018-2020
Figure 63. Microsoft Corporation: Revenue Share by Segment, 2021 (%)
Figure 64. Microsoft Corporation: Revenue Share by Region, 2021 (%)

Executive Summary

According to the report titled, 'Language Translation Software Market,' the language translation software market was valued at $9.3 billion in 2021, and is estimated to reach $44.8 billion by 2031, growing at a CAGR of 17.3% from 2022 to 2031.

Language translation software refers to any application or a program that supports human translators throughout the process of converting text from one language to another. Through automation and terminology management, it aims to increase both speed and quality. However, there are variants of translation software for the desktop and the cloud. Brands can now quickly distribute its content to a worldwide audience due to translation software, which also lowers the total cost and even manual labor that a localization project formerly needed. Furthermore, a spreadsheet or text document would often be used for translations in the past, with no extra information or visual context present. Managing spreadsheets and emails used to be a never-ending balancing act, but currently the process is automated and agile with the help of language translation software.

Increase in prevalence of smartphones around the globe and the rise in government investments are driving the growth of the market. However, alternative tools and free language translators' accessibility limits the growth of this market. Conversely, expanding business communication needs are anticipated to provide numerous opportunities for the expansion of the market during the forecast period.

On the basis of enterprise size, large enterprise segment dominated the LTS market in 2021, and is expected to maintain its dominance in the upcoming years, owing to an increasing number of large enterprises are employing language translation solutions to strengthen their multilingual capacities in an effort to foster sustainable growth on a worldwide scale, which leads to market growth. However, SMEs is expected segment is expected to witness highest growth, owing to need in launching a successful internationalization strategy along with connection with local customers.

Region-wise, the language translation software market size was dominated by North America in 2021 and is expected to retain its position during the forecast period, owing to presence of a substantial industrial base in the U.S., government initiatives to promote innovation, and large purchasing power. The U.S, is where the growth is mostly centered. Companies are also creating new technological advancements to improve the translation process, such as AI translators aiding the growth of the language translation software market. However, Asia Pacific is expected to witness significant growth during the forecast period, owing to the continuous adoption of machine learning and cloud computing by LTS. People here are increasingly adopting LTS enabled smartphones to communicate around the world and enhance their productivity in the region which is expected to fuel the market growth in this region.

The global language translation software market is segmented on the basis of component, enterprise size, industry vertical and region. On the basis of component, it is segregated into solution and services. On the basis of solution type, it is segregated into rule-based machine translation, statistical based machine translation, and hybrid machine translation. On the basis of enterprise size, it is bifurcated into large enterprise and SMEs. By industry vertical, it is categorized into BFSI, IT & telecom, education, travel and tourism, manufacturing, healthcare, and other. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global language translation software market is dominated by key players such as Languageline Solutions, Microsoft Corporation, Acolad, Alphabet Inc, Babylon Software, Inriver, International Business Machines Corporation, Lingotek, Apptek, and Global Linguist Solutions. These players have adopted various Strategies to increase their market penetration and strengthen their position in the industry.

End-User Adoption
The growing digitalization and increasing need of translation software is accelerating end-user adoption. Language translation software can be adopted by different end users such as individual consumers, businesses, and government organizations. Individual users of language translation software use it for a variety of personal purposes, including travel, intercultural communication, and language acquisition. Microsoft Translator and Google Translate are two well-known consumer-oriented language translation programmes. For instance, StoryWeaver, a multilingual children’s storytelling platform. It currently hosts more than 50,000 open-licensed stories across reading levels in more than 300 languages from around the world.

Furthermore, the availability and quality of the software, the requirement for communication in several languages, and the cost of the programme are some of the variables that influence end user adoption of language translation software. The creation of more precise and user-friendly language translation software has expanded its use among end users in recent years as a result of developments in the field of natural language processing and the expansion of data availability. For instance, in January 2022, Kotozna Inc., a Japan-based software startup, debuted its latest digital concierge platform namely Kotozna In-room, that deciphers 109 different languages for hotels and travel markets. The system allows guests and hotel staff to communicate in real-time in their native tongues but have the messages translated to whatever language the person speaks. This unlocks new potentials and innovation value, enhancing the translation role and creating opportunities for translation software.

KEY BENEFITS FOR STAKEHOLDERS

The study provides an in-depth analysis of the global language translation software market forecast along with the current & future trends to explain the imminent investment pockets.

Information about key drivers, restraints, & opportunities and their impact analysis on global language translation software market trends is provided in the report.

Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.

The quantitative analysis of the market from 2022 to 2031 is provided to determine the market potential.

Companies Mentioned

• LanguageLine Solutions
• Microsoft Corporation
• Acolad
• Alphabet Inc
• Babylon Software
• inriver
• International Business Machines Corporation
• Lingotek
• apptek
• global linguist solutions

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.