Report cover image

Global Language Translation Software Market to 2027

Publisher QualiKet Research
Published Feb 02, 2022
Length 191 Pages
SKU # QUA17148897

Description

Global Language Translation Software Market to 2027

Global Language Translation Software Market to 2027

Market Overview

Language translation is the interpretation of meaningful text, and the production of an equivalent text. This text is known as the source text or language. Increase in prevalence of integrated organization markets and rise in user friendly website designing will drive the market growth over the forecast period. Language translation software is divided into various types such as localization, interpretation, translation, transcription, and others.

Market Drivers

Increase in penetration of smartphones and internet facility in non- English speaking countries such as Spain, Russia, Mexico, and Brazil is the key driving factor which is expected to boost the global language translation software market growth. Furthermore, increase in globalization as well as increase in demand to search information over internet will have the positive impact on global language translation software market growth. Moreover technological advancements and innovations will fuel market growth during this forecast period.

Market Restraints

However, availability of alternatives and free language translators is the major restraining factor which is expected to hamper the global language translation software market growth. Also, lack of awareness will affect the market growth.

Market Segmentation

Global Language Translation Software Market is segmented into component such as Software( Hybrid Machine Translation, Statistical-Based Machine Translation, and Rule-based Machine Translation) and Solution (Transcription, Interpretation, Localization, Translation, and Others).Further, market is segmented into by industrial vertical such as Education, IT & Telecommunication, Government, Manufacturing, Healthcare, and Banking Financial Services and Insurance (BFSI).

Also, Global Language Translation Software Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players

Various key players are discussed in this report such as Cloudwords Inc, Systran, Microsoft Inc, IBM Corporation, Google Inc, Babylon Corporation, Global Linguist Solutions, LLC, LanguageLine Solutions, Lionbridge, and bigword Group Ltd

Market Taxonomy

By Component
  • Software
o Hybrid Machine Translation

Statistical-Based Machine Translation

Rule-based Machine Translation
  • Solution
o Transcription

Interpretation

Localization

Translation

Others

By Industrial Vertical
  • Education
  • IT & Telecommunication
  • Government
  • Manufacturing
  • Healthcare
  • Banking Financial Services and Insurance (BFSI)
By Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Table of Contents

191 Pages
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Language Translation Software Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Language Translation Software Market, By Component
5.1 Y-o-Y Growth Comparison, By Component
5.2 Global Language Translation Software Market Share Analysis, By Component
5.3 Global Language Translation Software Market Size and Forecast, By Component
5.3.1 Software
5.3.1.1 Hybrid Machine Translation
5.3.1.2 Statistical- Based Machine Transaction
5.3.1.3 Rule-Based Machine Transaction
5.3.2 Services
5.3.2.1 Transcription
5.3.2.2 Interpretation
5.3.2.3 Localisation
5.3.2.4 Translation
5.3.2.5 Others
6 Global Language Translation Software Market, By Industrial Vertical
6.1 Y-o-Y Growth Comparison, By Industrial Vertical
6.2 Global Language Translation Software Market Share Analysis, By Industrial Vertical
6.3 Global Language Translation Software Market Size and Forecast, By Industrial Vertical
6.3.1 Education
6.3.2 IT & Telecommunication
6.3.3 Government
6.3.4 Manufacturing
6.3.5 Healthcare
6.3.6 Banking Financial Services and Insurance (BFSI)
7 Global Language Translation Software Market, By Region
7.1 Global Language Translation Software Market Share Analysis, By Region
7.2 Global Language Translation Software Market Share Analysis, By Region
7.3 Global Language Translation Software Market Size and Forecast, By Region
8 North America Language Translation Software Market Analysis and Forecast (2017 – 2027)
8.1 Introduction
8.2 North America Language Translation Software Market Share Analysis, By Component
8.3 North America Language Translation Software Market Size and Forecast, By Industrial Vertical
8.4 North America Language Translation Software Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Language Translation Software Market Analysis and Forecast (2017 – 2027)
9.1 Introduction
9.2 Europe Language Translation Software Market Share Analysis, By Component
9.3 Europe Language Translation Software Market Size and Forecast, By Industrial Vertical
9.4 Europe Language Translation Software Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10 Asia Pacific Language Translation Software Market Analysis and Forecast (2017 – 2027)
10.1 Introduction
10.2 Asia Pacific Language Translation Software Market Share Analysis, By Component
10.3 Asia Pacific Language Translation Software Market Size and Forecast, By Industrial Vertical
10.4 Asia Pacific Language Translation Software Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Language Translation Software Market Analysis and Forecast (2017 – 2027)
11.1 Introduction
11.2 Latin America Language Translation Software Market Share Analysis, By Component
11.3 Latin America Language Translation Software Market Size and Forecast, By Industrial Vertical
11.4 Latin America Language Translation Software Market Size and Forecast, By Country
12 Middle East Language Translation Software Market Analysis and Forecast (2017 – 2027)
12.1 Introduction
12.2 Middle East Language Translation Software Market Share Analysis, By Component
12.3 Middle East Language Translation Software Market Size and Forecast, By Industrial Vertical
12.4 Middle East Language Translation Software Market Size and Forecast, By Country
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
15.1 Cloudwords Inc
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Systran
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Microsoft Inc
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 IBM Corporation
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Google Inc
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Babylon Corporation
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Global Linguist Solutions, LLC
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 LanguageLine Solutions
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Lionbridge
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 bigword Group Ltd
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us