Global Language Translation Software Market 2024-2028

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	139 Pages	TechNavio	September, 2024	INF19287282

Best Price Guarantee
Price	from $2,500
Length	139 Pages
Publisher	TechNavio
Published Date	September, 2024
SKU	INF19287282

Language Translation Software Market 2024-2028

The language translation software market is forecasted to grow by USD 8903.2 mn during 2023-2028, accelerating at a CAGR of 14.7% during the forecast period. The report on the 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.

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 increased adoption of mobile translation solutions, globalization of businesses, and technology adoption to enhance language translation process efficiency.

Technavio's language translation software market is segmented as below:

By Solution
Rule-based machine translation
Statistical-based machine translation
Hybrid machine translation
Others
By Geographical Landscape
North America
Europe
APAC
South America
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, growing number of collaborations and acquisitions and advent of nmt (neutral machine translation) and ai (artificial intelligence) will lead to sizable demand in the market.

The 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 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 Group, 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, Stepes, SYSTRAN SA, thebigword Group Ltd., and Transifex . 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 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.

1 Executive Summary: 1.1 Market overview; Executive Summary - Chart on Market Overview; Executive Summary - Data Table on Market Overview; Executive Summary - Chart on Global Market Characteristics; Executive Summary - Chart on Market By Geographical Landscape; Executive Summary - Chart on Market Segmentation by Solution; Executive Summary - Chart on Incremental Growth; Executive Summary - Data Table on Incremental Growth; Executive Summary - Chart on Company Market Positioning
2 Market Landscape: 2.1 Market ecosystem; Parent Market; Data Table on - Parent Market; 2.2 Market characteristics; Market characteristics analysis; 2.3 Value chain analysis; Value Chain Analysis
3 Market Sizing: 3.1 Market definition; Offerings of companies included in the market definition; 3.2 Market segment analysis; Market segments; 3.3 Market size 2023; 3.4 Market outlook: Forecast for 2023-2028; Chart on Global - Market size and forecast 2023-2028 ($ million); Data Table on Global - Market size and forecast 2023-2028 ($ million); Chart on Global Market: Year-over-year growth 2023-2028 (%); Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size: 4.1 Global Language Translation Software Market 2018 - 2022; Historic Market Size - Data Table on Global Language Translation Software Market 2018 - 2022 ($ million); 4.2 Solution segment analysis 2018 - 2022; Historic Market Size - Solution Segment 2018 - 2022 ($ million); 4.3 Geography segment analysis 2018 - 2022; Historic Market Size - Geography Segment 2018 - 2022 ($ million); 4.4 Country segment analysis 2018 - 2022; Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis: 5.1 Five forces summary; Five forces analysis - Comparison between 2023 and 2028; 5.2 Bargaining power of buyers; Bargaining power of buyers - Impact of key factors 2023 and 2028; 5.3 Bargaining power of suppliers; Bargaining power of suppliers - Impact of key factors in 2023 and 2028; 5.4 Threat of new entrants; Threat of new entrants - Impact of key factors in 2023 and 2028; 5.5 Threat of substitutes; Threat of substitutes - Impact of key factors in 2023 and 2028; 5.6 Threat of rivalry; Threat of rivalry - Impact of key factors in 2023 and 2028; 5.7 Market condition; Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Solution: 6.1 Market segments; Chart on Solution - Market share 2023-2028 (%); Data Table on Solution - Market share 2023-2028 (%); 6.2 Comparison by Solution; Chart on Comparison by Solution; Data Table on Comparison by Solution; 6.3 Rule-based machine translation - Market size and forecast 2023-2028; Chart on Rule-based machine translation - Market size and forecast 2023-2028 ($ million); Data Table on Rule-based machine translation - Market size and forecast 2023-2028 ($ million); Chart on Rule-based machine translation - Year-over-year growth 2023-2028 (%); Data Table on Rule-based machine translation - Year-over-year growth 2023-2028 (%); 6.4 Statistical-based machine translation - Market size and forecast 2023-2028; Chart on Statistical-based machine translation - Market size and forecast 2023-2028 ($ million); Data Table on Statistical-based machine translation - Market size and forecast 2023-2028 ($ million); Chart on Statistical-based machine translation - Year-over-year growth 2023-2028 (%); Data Table on Statistical-based machine translation - Year-over-year growth 2023-2028 (%); 6.5 Hybrid machine translation - Market size and forecast 2023-2028; Chart on Hybrid machine translation - Market size and forecast 2023-2028 ($ million); Data Table on Hybrid machine translation - Market size and forecast 2023-2028 ($ million); Chart on Hybrid machine translation - Year-over-year growth 2023-2028 (%); Data Table on Hybrid machine translation - Year-over-year growth 2023-2028 (%); 6.6 Others - Market size and forecast 2023-2028; Chart on Others - Market size and forecast 2023-2028 ($ million); Data Table on Others - Market size and forecast 2023-2028 ($ million); Chart on Others - Year-over-year growth 2023-2028 (%); Data Table on Others - Year-over-year growth 2023-2028 (%); 6.7 Market opportunity by Solution; Market opportunity by Solution ($ million); Data Table on Market opportunity by Solution ($ million)
7 Customer Landscape: 7.1 Customer landscape overview; Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape: 8.1 Geographic segmentation; Chart on Market share By Geographical Landscape 2023-2028 (%); Data Table on Market share By Geographical Landscape 2023-2028 (%); 8.2 Geographic comparison; Chart on Geographic comparison; Data Table on Geographic comparison; 8.3 North America - Market size and forecast 2023-2028; Chart on North America - Market size and forecast 2023-2028 ($ million); Data Table on North America - Market size and forecast 2023-2028 ($ million); Chart on North America - Year-over-year growth 2023-2028 (%); Data Table on North America - Year-over-year growth 2023-2028 (%); 8.4 Europe - Market size and forecast 2023-2028; Chart on Europe - Market size and forecast 2023-2028 ($ million); Data Table on Europe - Market size and forecast 2023-2028 ($ million); Chart on Europe - Year-over-year growth 2023-2028 (%); Data Table on Europe - Year-over-year growth 2023-2028 (%); 8.5 APAC - Market size and forecast 2023-2028; Chart on APAC - Market size and forecast 2023-2028 ($ million); Data Table on APAC - Market size and forecast 2023-2028 ($ million); Chart on APAC - Year-over-year growth 2023-2028 (%); Data Table on APAC - Year-over-year growth 2023-2028 (%); 8.6 South America - Market size and forecast 2023-2028; Chart on South America - Market size and forecast 2023-2028 ($ million); Data Table on South America - Market size and forecast 2023-2028 ($ million); Chart on South America - Year-over-year growth 2023-2028 (%); Data Table on South America - Year-over-year growth 2023-2028 (%); 8.7 Middle East and Africa - Market size and forecast 2023-2028; Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million); Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million); Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%); Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%); 8.8 US - Market size and forecast 2023-2028; Chart on US - Market size and forecast 2023-2028 ($ million); Data Table on US - Market size and forecast 2023-2028 ($ million); Chart on US - Year-over-year growth 2023-2028 (%); Data Table on US - Year-over-year growth 2023-2028 (%); 8.9 China - Market size and forecast 2023-2028; Chart on China - Market size and forecast 2023-2028 ($ million); Data Table on China - Market size and forecast 2023-2028 ($ million); Chart on China - Year-over-year growth 2023-2028 (%); Data Table on China - Year-over-year growth 2023-2028 (%); 8.10 UK - Market size and forecast 2023-2028; Chart on UK - Market size and forecast 2023-2028 ($ million); Data Table on UK - Market size and forecast 2023-2028 ($ million); Chart on UK - Year-over-year growth 2023-2028 (%); Data Table on UK - Year-over-year growth 2023-2028 (%); 8.11 Germany - Market size and forecast 2023-2028; Chart on Germany - Market size and forecast 2023-2028 ($ million); Data Table on Germany - Market size and forecast 2023-2028 ($ million); Chart on Germany - Year-over-year growth 2023-2028 (%); Data Table on Germany - Year-over-year growth 2023-2028 (%); 8.12 Japan - Market size and forecast 2023-2028; Chart on Japan - Market size and forecast 2023-2028 ($ million); Data Table on Japan - Market size and forecast 2023-2028 ($ million); Chart on Japan - Year-over-year growth 2023-2028 (%); Data Table on Japan - Year-over-year growth 2023-2028 (%); 8.13 Market opportunity By Geographical Landscape; Market opportunity By Geographical Landscape ($ million); Data Tables on Market opportunity By Geographical Landscape ($ million)
9 Drivers, Challenges, and Opportunity/Restraints: 9.1 Market drivers; 9.2 Market challenges; 9.3 Impact of drivers and challenges; Impact of drivers and challenges in 2023 and 2028; 9.4 Market opportunities/restraints
10 Competitive Landscape: 10.1 Overview; 10.2 Competitive Landscape; Overview on criticality of inputs and factors of differentiation; 10.3 Landscape disruption; Overview on factors of disruption; 10.4 Industry risks; Impact of key risks on business
11 Competitive Analysis: 11.1 Companies profiled; Companies covered; 11.2 Market positioning of companies; Matrix on companies position and classification; 11.3 Alphabet Inc.; Alphabet Inc. - Overview; Alphabet Inc. - Business segments; Alphabet Inc. - Key offerings; Alphabet Inc. - Segment focus; 11.4 Babylon Software Ltd.; Babylon Software Ltd. - Overview; Babylon Software Ltd. - Product / Service; Babylon Software Ltd. - Key offerings; 11.5 International Business Machines Corp.; International Business Machines Corp. - Overview; International Business Machines Corp. - Business segments; International Business Machines Corp. - Key news; International Business Machines Corp. - Key offerings; International Business Machines Corp. - Segment focus; 11.6 LanguageLine Solutions; LanguageLine Solutions - Overview; LanguageLine Solutions - Product / Service; LanguageLine Solutions - Key offerings; 11.7 Lionbridge Technologies LLC; Lionbridge Technologies LLC - Overview; Lionbridge Technologies LLC - Product / Service; Lionbridge Technologies LLC - Key offerings; 11.8 Microsoft Corp.; Microsoft Corp. - Overview; Microsoft Corp. - Business segments; Microsoft Corp. - Key news; Microsoft Corp. - Key offerings; Microsoft Corp. - Segment focus; 11.9 RR Donnelley and Sons Co.; RR Donnelley and Sons Co. - Overview; RR Donnelley and Sons Co. - Product / Service; RR Donnelley and Sons Co. - Key offerings; 11.10 RWS Holdings PLC; RWS Holdings PLC - Overview; RWS Holdings PLC - Business segments; RWS Holdings PLC - Key offerings; RWS Holdings PLC - Segment focus; 11.11 SYSTRAN SA; SYSTRAN SA - Overview; SYSTRAN SA - Product / Service; SYSTRAN SA - Key offerings; 11.12 thebigword Group Ltd.; thebigword Group Ltd. - Overview; thebigword Group Ltd. - Product / Service; thebigword Group Ltd. - Key offerings
12 Appendix: 12.1 Scope of the report; 12.2 Inclusions and exclusions checklist; Inclusions checklist; Exclusions checklist; 12.3 Currency conversion rates for US$; Currency conversion rates for US$; 12.4 Research methodology; Research methodology; 12.5 Data procurement; Information sources; 12.6 Data validation; Data validation; 12.7 Validation techniques employed for market sizing; Validation techniques employed for market sizing; 12.8 Data synthesis; Data synthesis; 12.9 360 degree market analysis; 360 degree market analysis; 12.10 List of abbreviations; List of abbreviations
Exhibits:: Exhibits1: Executive Summary - Chart on Market Overview; Exhibits2: Executive Summary - Data Table on Market Overview; Exhibits3: Executive Summary - Chart on Global Market Characteristics; Exhibits4: Executive Summary - Chart on Market By Geographical Landscape; Exhibits5: Executive Summary - Chart on Market Segmentation by Solution; Exhibits6: Executive Summary - Chart on Incremental Growth; Exhibits7: Executive Summary - Data Table on Incremental Growth; Exhibits8: Executive Summary - Chart on Company Market Positioning; Exhibits9: Parent Market; Exhibits10: Data Table on - Parent Market; Exhibits11: Market characteristics analysis; Exhibits12: Value Chain Analysis; Exhibits13: Offerings of companies included in the market definition; Exhibits14: Market segments; Exhibits15: Chart on Global - Market size and forecast 2023-2028 ($ million); Exhibits16: Data Table on Global - Market size and forecast 2023-2028 ($ million); Exhibits17: Chart on Global Market: Year-over-year growth 2023-2028 (%); Exhibits18: Data Table on Global Market: Year-over-year growth 2023-2028 (%); Exhibits19: Historic Market Size - Data Table on Global Language Translation Software Market 2018 - 2022 ($ million); Exhibits20: Historic Market Size - Solution Segment 2018 - 2022 ($ million); Exhibits21: Historic Market Size - Geography Segment 2018 - 2022 ($ million); Exhibits22: Historic Market Size - Country Segment 2018 - 2022 ($ million); Exhibits23: Five forces analysis - Comparison between 2023 and 2028; Exhibits24: Bargaining power of buyers - Impact of key factors 2023 and 2028; Exhibits25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028; Exhibits26: Threat of new entrants - Impact of key factors in 2023 and 2028; Exhibits27: Threat of substitutes - Impact of key factors in 2023 and 2028; Exhibits28: Threat of rivalry - Impact of key factors in 2023 and 2028; Exhibits29: Chart on Market condition - Five forces 2023 and 2028; Exhibits30: Chart on Solution - Market share 2023-2028 (%); Exhibits31: Data Table on Solution - Market share 2023-2028 (%); Exhibits32: Chart on Comparison by Solution; Exhibits33: Data Table on Comparison by Solution; Exhibits34: Chart on Rule-based machine translation - Market size and forecast 2023-2028 ($ million); Exhibits35: Data Table on Rule-based machine translation - Market size and forecast 2023-2028 ($ million); Exhibits36: Chart on Rule-based machine translation - Year-over-year growth 2023-2028 (%); Exhibits37: Data Table on Rule-based machine translation - Year-over-year growth 2023-2028 (%); Exhibits38: Chart on Statistical-based machine translation - Market size and forecast 2023-2028 ($ million); Exhibits39: Data Table on Statistical-based machine translation - Market size and forecast 2023-2028 ($ million); Exhibits40: Chart on Statistical-based machine translation - Year-over-year growth 2023-2028 (%); Exhibits41: Data Table on Statistical-based machine translation - Year-over-year growth 2023-2028 (%); Exhibits42: Chart on Hybrid machine translation - Market size and forecast 2023-2028 ($ million); Exhibits43: Data Table on Hybrid machine translation - Market size and forecast 2023-2028 ($ million); Exhibits44: Chart on Hybrid machine translation - Year-over-year growth 2023-2028 (%); Exhibits45: Data Table on Hybrid machine translation - Year-over-year growth 2023-2028 (%); Exhibits46: Chart on Others - Market size and forecast 2023-2028 ($ million); Exhibits47: Data Table on Others - Market size and forecast 2023-2028 ($ million); Exhibits48: Chart on Others - Year-over-year growth 2023-2028 (%); Exhibits49: Data Table on Others - Year-over-year growth 2023-2028 (%); Exhibits50: Market opportunity by Solution ($ million); Exhibits51: Data Table on Market opportunity by Solution ($ million); Exhibits52: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria; Exhibits53: Chart on Market share By Geographical Landscape 2023-2028 (%); Exhibits54: Data Table on Market share By Geographical Landscape 2023-2028 (%); Exhibits55: Chart on Geographic comparison; Exhibits56: Data Table on Geographic comparison; Exhibits57: Chart on North America - Market size and forecast 2023-2028 ($ million); Exhibits58: Data Table on North America - Market size and forecast 2023-2028 ($ million); Exhibits59: Chart on North America - Year-over-year growth 2023-2028 (%); Exhibits60: Data Table on North America - Year-over-year growth 2023-2028 (%); Exhibits61: Chart on Europe - Market size and forecast 2023-2028 ($ million); Exhibits62: Data Table on Europe - Market size and forecast 2023-2028 ($ million); Exhibits63: Chart on Europe - Year-over-year growth 2023-2028 (%); Exhibits64: Data Table on Europe - Year-over-year growth 2023-2028 (%); Exhibits65: Chart on APAC - Market size and forecast 2023-2028 ($ million); Exhibits66: Data Table on APAC - Market size and forecast 2023-2028 ($ million); Exhibits67: Chart on APAC - Year-over-year growth 2023-2028 (%); Exhibits68: Data Table on APAC - Year-over-year growth 2023-2028 (%); Exhibits69: Chart on South America - Market size and forecast 2023-2028 ($ million); Exhibits70: Data Table on South America - Market size and forecast 2023-2028 ($ million); Exhibits71: Chart on South America - Year-over-year growth 2023-2028 (%); Exhibits72: Data Table on South America - Year-over-year growth 2023-2028 (%); Exhibits73: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million); Exhibits74: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million); Exhibits75: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%); Exhibits76: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%); Exhibits77: Chart on US - Market size and forecast 2023-2028 ($ million); Exhibits78: Data Table on US - Market size and forecast 2023-2028 ($ million); Exhibits79: Chart on US - Year-over-year growth 2023-2028 (%); Exhibits80: Data Table on US - Year-over-year growth 2023-2028 (%); Exhibits81: Chart on China - Market size and forecast 2023-2028 ($ million); Exhibits82: Data Table on China - Market size and forecast 2023-2028 ($ million); Exhibits83: Chart on China - Year-over-year growth 2023-2028 (%); Exhibits84: Data Table on China - Year-over-year growth 2023-2028 (%); Exhibits85: Chart on UK - Market size and forecast 2023-2028 ($ million); Exhibits86: Data Table on UK - Market size and forecast 2023-2028 ($ million); Exhibits87: Chart on UK - Year-over-year growth 2023-2028 (%); Exhibits88: Data Table on UK - Year-over-year growth 2023-2028 (%); Exhibits89: Chart on Germany - Market size and forecast 2023-2028 ($ million); Exhibits90: Data Table on Germany - Market size and forecast 2023-2028 ($ million); Exhibits91: Chart on Germany - Year-over-year growth 2023-2028 (%); Exhibits92: Data Table on Germany - Year-over-year growth 2023-2028 (%); Exhibits93: Chart on Japan - Market size and forecast 2023-2028 ($ million); Exhibits94: Data Table on Japan - Market size and forecast 2023-2028 ($ million); Exhibits95: Chart on Japan - Year-over-year growth 2023-2028 (%); Exhibits96: Data Table on Japan - Year-over-year growth 2023-2028 (%); Exhibits97: Market opportunity By Geographical Landscape ($ million); Exhibits98: Data Tables on Market opportunity By Geographical Landscape ($ million); Exhibits99: Impact of drivers and challenges in 2023 and 2028; Exhibits100: Overview on criticality of inputs and factors of differentiation; Exhibits101: Overview on factors of disruption; Exhibits102: Impact of key risks on business; Exhibits103: Companies covered; Exhibits104: Matrix on companies position and classification; Exhibits105: Alphabet Inc. - Overview; Exhibits106: Alphabet Inc. - Business segments; Exhibits107: Alphabet Inc. - Key offerings; Exhibits108: Alphabet Inc. - Segment focus; Exhibits109: Babylon Software Ltd. - Overview; Exhibits110: Babylon Software Ltd. - Product / Service; Exhibits111: Babylon Software Ltd. - Key offerings; Exhibits112: International Business Machines Corp. - Overview; Exhibits113: International Business Machines Corp. - Business segments; Exhibits114: International Business Machines Corp. - Key news; Exhibits115: International Business Machines Corp. - Key offerings; Exhibits116: International Business Machines Corp. - Segment focus; Exhibits117: LanguageLine Solutions - Overview; Exhibits118: LanguageLine Solutions - Product / Service; Exhibits119: LanguageLine Solutions - Key offerings; Exhibits120: Lionbridge Technologies LLC - Overview; Exhibits121: Lionbridge Technologies LLC - Product / Service; Exhibits122: Lionbridge Technologies LLC - Key offerings; Exhibits123: Microsoft Corp. - Overview; Exhibits124: Microsoft Corp. - Business segments; Exhibits125: Microsoft Corp. - Key news; Exhibits126: Microsoft Corp. - Key offerings; Exhibits127: Microsoft Corp. - Segment focus; Exhibits128: RR Donnelley and Sons Co. - Overview; Exhibits129: RR Donnelley and Sons Co. - Product / Service; Exhibits130: RR Donnelley and Sons Co. - Key offerings; Exhibits131: RWS Holdings PLC - Overview; Exhibits132: RWS Holdings PLC - Business segments; Exhibits133: RWS Holdings PLC - Key offerings; Exhibits134: RWS Holdings PLC - Segment focus; Exhibits135: SYSTRAN SA - Overview; Exhibits136: SYSTRAN SA - Product / Service; Exhibits137: SYSTRAN SA - Key offerings; Exhibits138: thebigword Group Ltd. - Overview; Exhibits139: thebigword Group Ltd. - Product / Service; Exhibits140: thebigword Group Ltd. - Key offerings; Exhibits141: Inclusions checklist; Exhibits142: Exclusions checklist; Exhibits143: Currency conversion rates for US$; Exhibits144: Research methodology; Exhibits145: Information sources; Exhibits146: Data validation; Exhibits147: Validation techniques employed for market sizing; Exhibits148: Data synthesis; Exhibits149: 360 degree market analysis; Exhibits150: List of abbreviations