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Language Translation Software-Global Market Insights and Sales Trends 2024

Language Translation Software-Global Market Insights and Sales Trends 2024

Publishing Date : Nov, 2023

License Type :
 

Report Code : 1818547

No of Pages : 85

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Synopsis

Language translation software interprets the source text in a specific language. It includes a wide range of language services such as translation, localization, interpretation, transcription, and others. Increasing urbanization has resulted in an increased need to provide content that is relevant to the local market. LanguageLine Solutions, Global Linguist Solutions, LLC, and Babylon Corporation are some of the key players in the language translation software market.

The growing need for businesses to communicate with customers, employees, and officials in the target market increases the demand for translation software in order to overcome language barriers. The presence of free language translators is expected to restrict the market growth. However, increasing proliferation of the Internet in non-English speaking countries such as South America, Spain, Russia, and Brazil provides ample growth opportunities owing to the need for localized websites.

The global Language Translation Software market size is expected to reach US$ 22820 million by 2029, growing at a CAGR of 7.9% from 2023 to 2029. The market is mainly driven by the significant applications of Language Translation Software in various end use industries. The expanding demands from the Banking Financial Services and Insurance, Healthcare, Manufacturing and Government, are propelling Language Translation Software market. Rule-Based Machine Translation, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Statistical-Based Machine Translation segment is estimated at % CAGR for the next seven-year period.

Asia Pacific shows high growth potential for Language Translation Software market, driven by demand from China, the second largest economy with some signs of stabilising, the Language Translation Software market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.

Report Objectives

This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Language Translation Software, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.

Key Features of The Study:

This report provides in-depth analysis of the global Language Translation Software market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.

This report profiles key players in the global Language Translation Software market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Language Translation Software sales data, market share and ranking.

This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.

This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.

Key companies of Language Translation Software covered in this report include Bigword Group Ltd, Lionbridge, LanguageLine Solutions, Global Linguist Solutions, Babylon Corporation, Google Inc, IBM Corporation, Microsoft Inc. Systran and Cloudwords Inc, etc.

The global Language Translation Software market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.

Market Segmentation

Company Profiles:

  • Bigword Group Ltd
  • Lionbridge
  • LanguageLine Solutions
  • Global Linguist Solutions
  • Babylon Corporation
  • Google Inc
  • IBM Corporation
  • Microsoft Inc. Systran
  • Cloudwords Inc

Global Language Translation Software market, by region:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, UK, Italy, etc.)
  • Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
  • South America (Brazil, etc.)
  • Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

Global Language Translation Software market, Segment by Type:

  • Rule-Based Machine Translation
  • Statistical-Based Machine Translation
  • Hybrid Machine Translation
  • Others

Global Language Translation Software market, by Application

  • Banking Financial Services and Insurance
  • Healthcare
  • Manufacturing
  • Government
  • IT & Telecom
  • Education
  • Others

Core Chapters

Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Language Translation Software companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion

Index

1 Market Overview of Language Translation Software
1.1 Language Translation Software Market Overview
1.1.1 Language Translation Software Product Scope
1.1.2 Language Translation Software Market Status and Outlook
1.2 Global Language Translation Software Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Language Translation Software Market Size by Region (2018-2029)
1.4 Global Language Translation Software Historic Market Size by Region (2018-2023)
1.5 Global Language Translation Software Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Language Translation Software Market Size (2018-2029)
1.6.1 North America Language Translation Software Market Size (2018-2029)
1.6.2 Europe Language Translation Software Market Size (2018-2029)
1.6.3 Asia-Pacific Language Translation Software Market Size (2018-2029)
1.6.4 Latin America Language Translation Software Market Size (2018-2029)
1.6.5 Middle East & Africa Language Translation Software Market Size (2018-2029)
2 Language Translation Software Market by Type
2.1 Introduction
2.1.1 Rule-Based Machine Translation
2.1.2 Statistical-Based Machine Translation
2.1.3 Hybrid Machine Translation
2.1.4 Others
2.2 Global Language Translation Software Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Language Translation Software Historic Market Size by Type (2018-2023)
2.2.2 Global Language Translation Software Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Language Translation Software Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Language Translation Software Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Language Translation Software Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Language Translation Software Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Language Translation Software Revenue Breakdown by Type (2018-2029)
3 Language Translation Software Market Overview by Application
3.1 Introduction
3.1.1 Banking Financial Services and Insurance
3.1.2 Healthcare
3.1.3 Manufacturing
3.1.4 Government
3.1.5 IT & Telecom
3.1.6 Education
3.1.7 Others
3.2 Global Language Translation Software Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Language Translation Software Historic Market Size by Application (2018-2023)
3.2.2 Global Language Translation Software Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Language Translation Software Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Language Translation Software Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Language Translation Software Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Language Translation Software Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Language Translation Software Revenue Breakdown by Application (2018-2029)
4 Language Translation Software Competition Analysis by Players
4.1 Global Language Translation Software Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Language Translation Software as of 2022)
4.3 Date of Key Players Enter into Language Translation Software Market
4.4 Global Top Players Language Translation Software Headquarters and Area Served
4.5 Key Players Language Translation Software Product Solution and Service
4.6 Competitive Status
4.6.1 Language Translation Software Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Bigword Group Ltd
5.1.1 Bigword Group Ltd Profile
5.1.2 Bigword Group Ltd Main Business
5.1.3 Bigword Group Ltd Language Translation Software Products, Services and Solutions
5.1.4 Bigword Group Ltd Language Translation Software Revenue (US$ Million) & (2018-2023)
5.1.5 Bigword Group Ltd Recent Developments
5.2 Lionbridge
5.2.1 Lionbridge Profile
5.2.2 Lionbridge Main Business
5.2.3 Lionbridge Language Translation Software Products, Services and Solutions
5.2.4 Lionbridge Language Translation Software Revenue (US$ Million) & (2018-2023)
5.2.5 Lionbridge Recent Developments
5.3 LanguageLine Solutions
5.3.1 LanguageLine Solutions Profile
5.3.2 LanguageLine Solutions Main Business
5.3.3 LanguageLine Solutions Language Translation Software Products, Services and Solutions
5.3.4 LanguageLine Solutions Language Translation Software Revenue (US$ Million) & (2018-2023)
5.3.5 Global Linguist Solutions Recent Developments
5.4 Global Linguist Solutions
5.4.1 Global Linguist Solutions Profile
5.4.2 Global Linguist Solutions Main Business
5.4.3 Global Linguist Solutions Language Translation Software Products, Services and Solutions
5.4.4 Global Linguist Solutions Language Translation Software Revenue (US$ Million) & (2018-2023)
5.4.5 Global Linguist Solutions Recent Developments
5.5 Babylon Corporation
5.5.1 Babylon Corporation Profile
5.5.2 Babylon Corporation Main Business
5.5.3 Babylon Corporation Language Translation Software Products, Services and Solutions
5.5.4 Babylon Corporation Language Translation Software Revenue (US$ Million) & (2018-2023)
5.5.5 Babylon Corporation Recent Developments
5.6 Google Inc
5.6.1 Google Inc Profile
5.6.2 Google Inc Main Business
5.6.3 Google Inc Language Translation Software Products, Services and Solutions
5.6.4 Google Inc Language Translation Software Revenue (US$ Million) & (2018-2023)
5.6.5 Google Inc Recent Developments
5.7 IBM Corporation
5.7.1 IBM Corporation Profile
5.7.2 IBM Corporation Main Business
5.7.3 IBM Corporation Language Translation Software Products, Services and Solutions
5.7.4 IBM Corporation Language Translation Software Revenue (US$ Million) & (2018-2023)
5.7.5 IBM Corporation Recent Developments
5.8 Microsoft Inc. Systran
5.8.1 Microsoft Inc. Systran Profile
5.8.2 Microsoft Inc. Systran Main Business
5.8.3 Microsoft Inc. Systran Language Translation Software Products, Services and Solutions
5.8.4 Microsoft Inc. Systran Language Translation Software Revenue (US$ Million) & (2018-2023)
5.8.5 Microsoft Inc. Systran Recent Developments
5.9 Cloudwords Inc
5.9.1 Cloudwords Inc Profile
5.9.2 Cloudwords Inc Main Business
5.9.3 Cloudwords Inc Language Translation Software Products, Services and Solutions
5.9.4 Cloudwords Inc Language Translation Software Revenue (US$ Million) & (2018-2023)
5.9.5 Cloudwords Inc Recent Developments
6 North America
6.1 North America Language Translation Software Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Language Translation Software Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Language Translation Software Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Language Translation Software Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Language Translation Software Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Language Translation Software Market Dynamics
11.1 Language Translation Software Industry Trends
11.2 Language Translation Software Market Drivers
11.3 Language Translation Software Market Challenges
11.4 Language Translation Software Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List

Published By : QY Research

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