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North America Translation Management Systems Market Size, Share & Trends Analysis Report By Offering (Software, and Services), By Software Type, By Content Type, By Business Function, By Application, By Vertical, By Country and Growth Forecast, 2023 - 203

Publisher Knowledge Based Value (KBV) Research
Published Mar 14, 2024
Length 180 Pages
SKU # KBV18687082

Description

North America Translation Management Systems Market Size, Share & Trends Analysis Report By Offering (Software, and Services), By Software Type, By Content Type, By Business Function, By Application, By Vertical, By Country and Growth Forecast, 2023 - 2030


The North America Translation Management Systems Market would witness market growth of 16.7% CAGR during the forecast period (2023-2030).

The US market dominated the North America Translation Management Systems Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,506.7 million by 2030. The Canada market is experiencing a CAGR of 19.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 18.3% during (2023 - 2030).

Translation management systems are software platforms designed to facilitate the translation of content between languages. They provide a centralized hub for managing translation projects, coordinating workflows, and collaborating with translators and other stakeholders. In the present era, it has become critical for businesses to communicate effectively with various demographics in multiple languages.

Translation management systems (TMS) have emerged as crucial tools, offering a centralized platform for managing translation projects and ensuring translation consistency and quality. Recognizing the benefits of TMS in improving efficiency, reducing costs, and enhancing translation quality, businesses across various industries and regions have begun to adopt these systems at an accelerated pace.

The BFSI sector in Canada is well-developed and known for its stability and innovation. The banking industry helps Canada grow, contributing 3.6% (or over $62 billion) to Canada’s gross domestic product (GDP) in 2022. The prudent risk management practices of Canadian banks have enabled them to endure financial crises and preserve solid balance sheets. Thus, the well-developed BFSI sector in Canada and the transformation of the BFSI sector in Mexico will likely increase their demand in the coming years.

Based on Offering, the market is segmented into Software, and Services. Based on Software Type, the market is segmented into Translation Software, Localization Software, Translation Project Management Software, Terminology Management Software, Quality Assurance Software, Analytics & Reporting, and Others. Based on Content Type, the market is segmented into Text-based Content, Audio-based Content, and Video-based Content. Based on Business Function, the market is segmented into Sales & Marketing, Finance & Accounting, Legal, Human Resources, and Others. Based on Application, the market is segmented into Translation, Terminology Management, Quality Assurance, Project Management, Resource Management, Billing & Invoicing Analysis, and Others. Based on Vertical, the market is segmented into BFSI, Media & Entertainment, Education, Healthcare & Lifesciences, Transportation & Logistics, Manufacturing, Retail & eCommerce, IT & ITeS, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled
  • Microsoft Corporation
  • Google LLC (Alphabet Inc.)
  • Amazon Web Services, Inc. (Amazon.com, Inc.)
  • Oracle Corporation
  • SAP SE
  • Acolad Group
  • LanguageLine Solutions (Teleperformance SE)
  • Babylon Software Ltd.
  • XTM International Ltd
  • United Language Group Limited
North America Translation Management Systems Market Report Segmentation

By Offering
  • Software
  • Translation Software
  • Localization Software
  • Translation Project Management Software
  • Terminology Management Software
  • Quality Assurance Software
  • Analytics & Reporting
  • Others
  • Services
By Content Type
  • Text-based Content
  • Audio-based Content
  • Video-based Content
By Business Function
  • Sales & Marketing
  • Finance & Accounting
  • Legal
  • Human Resources
  • Others
By Application
  • Translation
  • Terminology Management
  • Quality Assurance
  • Project Management
  • Resource Management
  • Billing & Invoicing Analysis
  • Others
By Vertical
  • BFSI
  • Media & Entertainment
  • Education
  • Healthcare & Lifesciences
  • Transportation & Logistics
  • Manufacturing
  • Retail & eCommerce
  • IT & ITeS
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

180 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Translation Management Systems Market, by Offering
1.4.2 North America Translation Management Systems Market, by Content Type
1.4.3 North America Translation Management Systems Market, by Business Function
1.4.4 North America Translation Management Systems Market, by Application
1.4.5 North America Translation Management Systems Market, by Vertical
1.4.6 North America Translation Management Systems Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2022
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2019, Jul – 2024, Jan) Leading Players
4.5 Porter’s Five Forces Analysis
Chapter 5. North America Translation Management Systems Market by Offering
5.1 North America Software Market by Region
5.2 North America Translation Management Systems Market by Software Type
5.2.1 North America Translation Software Market by Country
5.2.2 North America Localization Software Market by Country
5.2.3 North America Translation Project Management Software Market by Country
5.2.4 North America Terminology Management Software Market by Country
5.2.5 North America Quality Assurance Software Market by Country
5.2.6 North America Analytics & Reporting Market by Country
5.2.7 North America Others Market by Country
5.3 North America Services Market by Region
Chapter 6. North America Translation Management Systems Market by Content Type
6.1 North America Text-based Content Market by Country
6.2 North America Audio-based Content Market by Country
6.3 North America Video-based Content Market by Country
Chapter 7. North America Translation Management Systems Market by Business Function
7.1 North America Sales & Marketing Market by Country
7.2 North America Finance & Accounting Market by Country
7.3 North America Legal Market by Country
7.4 North America Human Resources Market by Country
7.5 North America Others Market by Country
Chapter 8. North America Translation Management Systems Market by Application
8.1 North America Translation Market by Country
8.2 North America Terminology Management Market by Country
8.3 North America Quality Assurance Market by Country
8.4 North America Project Management Market by Country
8.5 North America Resource Management Market by Country
8.6 North America Billing & Invoicing Analysis Market by Country
8.7 North America Others Market by Country
Chapter 9. North America Translation Management Systems Market by Vertical
9.1 North America BFSI Market by Country
9.2 North America Media & Entertainment Market by Country
9.3 North America Education Market by Country
9.4 North America Healthcare & Lifesciences Market by Country
9.5 North America Transportation & Logistics Market by Country
9.6 North America Manufacturing Market by Country
9.7 North America Retail & eCommerce Market by Country
9.8 North America IT & ITeS Market by Country
9.9 North America Others Market by Country
Chapter 10. North America Translation Management Systems Market by Country
10.1 US Translation Management Systems Market
10.1.1 US Translation Management Systems Market by Offering
10.1.1.1 US Translation Management Systems Market by Software Type
10.1.2 US Translation Management Systems Market by Content Type
10.1.3 US Translation Management Systems Market by Business Function
10.1.4 US Translation Management Systems Market by Application
10.1.5 US Translation Management Systems Market by Vertical
10.2 Canada Translation Management Systems Market
10.2.1 Canada Translation Management Systems Market by Offering
10.2.1.1 Canada Translation Management Systems Market by Software Type
10.2.2 Canada Translation Management Systems Market by Content Type
10.2.3 Canada Translation Management Systems Market by Business Function
10.2.4 Canada Translation Management Systems Market by Application
10.2.5 Canada Translation Management Systems Market by Vertical
10.3 Mexico Translation Management Systems Market
10.3.1 Mexico Translation Management Systems Market by Offering
10.3.1.1 Mexico Translation Management Systems Market by Software Type
10.3.2 Mexico Translation Management Systems Market by Content Type
10.3.3 Mexico Translation Management Systems Market by Business Function
10.3.4 Mexico Translation Management Systems Market by Application
10.3.5 Mexico Translation Management Systems Market by Vertical
10.4 Rest of North America Translation Management Systems Market
10.4.1 Rest of North America Translation Management Systems Market by Offering
10.4.1.1 Rest of North America Translation Management Systems Market by Software Type
10.4.2 Rest of North America Translation Management Systems Market by Content Type
10.4.3 Rest of North America Translation Management Systems Market by Business Function
10.4.4 Rest of North America Translation Management Systems Market by Application
10.4.5 Rest of North America Translation Management Systems Market by Vertical
Chapter 11. Company Profiles
11.1 Microsoft Corporation
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Segmental and Regional Analysis
11.1.4 Research & Development Expenses
11.1.5 Recent strategies and developments:
11.1.5.1 Partnerships, Collaborations, and Agreements:
11.1.5.2 Product Launches and Product Expansions:
11.1.5.3 Acquisition and Mergers:
11.1.6 SWOT Analysis
11.2 Google LLC (Alphabet Inc.)
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Segmental and Regional Analysis
11.2.4 Research & Development Expense
11.2.5 Recent strategies and developments:
11.2.5.1 Partnerships, Collaborations, and Agreements:
11.2.5.2 Product Launches and Product Expansions:
11.2.6 SWOT Analysis
11.3 Amazon Web Services, Inc. (Amazon.com, Inc.)
11.3.1 Company Overview
11.3.2 Financial Analysis
11.3.3 Segmental Analysis
11.3.4 Recent strategies and developments:
11.3.4.1 Partnerships, Collaborations, and Agreements:
11.3.5 SWOT Analysis
11.4 Oracle Corporation
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Segmental and Regional Analysis
11.4.4 Research & Development Expense
11.4.5 Recent strategies and developments:
11.4.5.1 Partnerships, Collaborations, and Agreements:
11.4.5.2 Product Launches and Product Expansions:
11.4.6 SWOT Analysis
11.5 SAP SE
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Regional Analysis
11.5.4 Research & Development Expense
11.5.5 Recent strategies and developments:
11.5.5.1 Partnerships, Collaborations, and Agreements:
11.5.6 SWOT Analysis
11.6 Acolad Group
11.6.1 Company Overview
11.6.2 Recent strategies and developments:
11.6.2.1 Partnerships, Collaborations, and Agreements:
11.6.2.2 Acquisition and Mergers:
11.6.3 SWOT Analysis
11.7 LanguageLine Solutions (Teleperformance SE)
11.7.1 Company Overview
11.7.2 Financial Analysis
11.7.3 Segmental Analysis
11.7.4 SWOT Analysis
11.8 Babylon Software Ltd.
11.8.1 Company Overview
11.8.2 SWOT Analysis
11.9 XTM International Ltd
11.9.1 Company Overview
11.9.2 Recent strategies and developments:
11.9.2.1 Acquisition and Mergers:
11.9.3 SWOT Analysis
11.10. United Language Group Limited
11.10.1 Company Overview
11.10.2 SWOT Analysis

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