At Verified Market Intelligence, we provide a market study that encompasses both qualitative and quantitative assessments of latest trends for the market segmentations classified by our analysts. According to Verified Market Intelligence, the Global Translation Software Market was valued at USD 4.75 billion in 2017 and is projected to reach USD 15.79 billion by 2025, growing at a CAGR of 16.2% from 2018 to 2025.
Translation is a mode of conveying one form of language to other. With growing customer outreach the need for translation services and applications has been accelerated to fulfil the requirements of the customers based on their preferences of language. It has been observed that various companies has been developing translation software in order to provide comfort to their national as well as international clients and customers. Translation software is a database which requires an integrated platform of big data analytics and cloud computing so that the data can be accessible from anywhere and can be easily converted into the preferred language clients and customers choose.
Rising technological advancements in the translation industry and emergence of freelancers and large enterprises investing into translation software and providing with its services has been booming the global translation software market. Apart from this, risks of data security and other cybersecurity concerns might hamper the growth of global translation software market.
The "Global Translation Software Market" study report will provide a valuable insight with an emphasis on the global market including some of the major players such as IBM, SDL, Lionbridge, Alchemy, MultiCorpora, Lingotek, MT@EC, Google and Language Weaver. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
As a part of market estimation, the study also comprises a list of tables and figures for the "Global Translation Software Market" which focuses on a constructive knowledge essential for the companies or individuals interested in the market study report. As a part of market segmentation, our study exhibits a market analysis on the basis of type, industry application and geography.
On the basis of type, the Global Translation Software Market can be categorized into two sections; application and type. This market study analyses the industry for Global Translation Software based on these divisions. The Global Translation Software types are divided into rule based, statistic based and hybrid. The industry is then sectioned by application which includes legal, medical, tourism and travel, financial and banking and others. In terms of geography, Asia Pacific accounts for the fastest growing market due to the presence of numerous developing countries in this region along with their emerging markets. The Chinese market has a major share in this region.
Chapter 1 Global Language Translation Software Market Overview 12
1.1 Translation Software Market Overview 12
1.2 Global Language Translation Software Market Segmentation 13
1.3 Assumptions 14
Chapter 2 Executive Summary 15
2.1 Global Language Translation Software Market Size, 2012 - 2025 (USD Million) 15
2.2 Global Language Translation Software Market Size Comparison, by Type 16
2.3 Global Language Translation Software Market Size Comparison, by Application 17
2.4 Global Language Translation Software Market Size Comparison by Region, 2016 18
Chapter 3 RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE 19
3.1 Data Mining 19
3.2 Secondary Research 19
3.3 Primary Research: 19
3.4 Subject Matter Expert Advice: 20
3.4.1 Quality Check 20
3.4.2 Final Review 20
3.5 Validation 21
3.6 Primary Interviews 21
3.7 Research Scope and Assumptions 21
3.8 List of data sources 22
Chapter 4 Global Language Translation Software Market Dynamics 23
4.1 Market Dynamics 23
4.1.1 Drivers 23
4.1.1.1 Demand driven by emerging business enterprises 23
4.1.1.2 Technological Developments in the Translation Industry 24
4.1.1.3 Growing Demand for Freelancers 24
4.1.2 Restraints 24
4.1.2.1 Increasing access to computerized translation tools 24
4.1.2.2 Risks of data security 24
4.1.2.3 Inefficiency in translating legal information 25
4.1.3 Opportunity 25
4.1.3.1 Increasing interest of major firms in language software providers 25
Chapter 5 Global Language Translation Software Market, by Type 26
5.1 OVERVIEW 26
5.2 Rule Based 27
5.3 Statistical Based 28
5.4 Hybrid 29
Chapter 6 Global Language Translation Software Market, by Application 31
6.1 OVERVIEW 31
6.2 Legal 32
6.3 Medical 33
6.4 Tourism & Travel 34
6.5 Financial & Banking 35
6.6 Others 36
Chapter 7 GLOBAL LANGUAGE TRANSLATION SOFTWARE MARKET, BY GEOGRAPHY 38
7.1 Overview 38
7.2 North America 41
7.2.1 U.S. 44
7.2.2 Canada 46
7.2.3 Mexico 48
7.3 Europe 50
7.3.1 Germany 53
7.3.2 UK 55
7.3.3 France 57
7.3.4 Rest of Europe 59
7.4 Asia Pacific 61
7.4.1 China 64
7.4.2 Japan 66
7.4.3 India 68
7.4.4 Southeast Asia 70
7.4.5 Rest of Asia Pacific 72
7.5 Latin America 74
7.5.1 Brazil 77
7.5.2 Rest of Latin America 79
7.5.3 Rest of World 81
Chapter 8 Company Profiles 83
8.1 IBM 83
8.1.1 Main Business Overview 83
8.1.2 Company Details 83
8.1.3 Financial Overview 84
8.1.4 IBM Global Language Translation Software Portfolio 84
8.2 SDL 85
8.2.1 Main Business Overview 85
8.2.2 Company Details 85
8.2.3 Financial Overview 85
8.2.4 SDL Global Language Translation Software Portfolio 86
8.3 Lionbridge 87
8.3.1 Main Business Overview 87
8.3.2 Company Details 87
8.3.3 Lionbridge Global Language Translation Software Portfolio 87
8.4 Alchemy 89
8.4.1 Main Business Overview 89
8.4.2 Company Details 89
8.4.3 Alchemy Global Language Translation Services Portfolio 89
8.5 MultiCorpora 90
8.5.1 Main Business Overview 90
8.5.2 Company Details 90
8.5.3 MultiCorpora Financial Overview 90
8.5.4 MultiCorpora Global Language Translation Software Portfolio 91
8.6 Lingotek 92
8.6.1 Main Business Overview 92
8.6.2 Company Details 92
8.6.3 Lingotek Translation Services Portfolio 92
8.7 MT@EC 93
8.7.1 Main Business Overview 93
8.7.2 Company Details 93
8.7.3 MT@EC Global Language Translation Software Portfolio 93
8.8 Google 94
8.8.1 Main Business Overview 94
8.8.2 Company Details 94
8.8.3 Financial Overview 95
8.8.4 Google Global Language Translation Software Portfolio 95
8.9 Language Weaver 96
8.9.1 Main Business Overview 96
8.9.2 Company Details 96
8.9.3 Language Weaver Global Language Translation Software Portfolio 96
List of Tables
TABLE 1 GLOBAL LANGUAGE TRANSLATION SOFTWARE MARKET, BY TYPE, 2012 - 2025 (USD MILLION) 27
TABLE 2 GLOBAL LANGUAGE TRANSLATION SOFTWARE MARKET, BY APPLICATION, 2012 - 2025 (USD MILLION) 32
TABLE 3 GLOBAL LANGUAGE TRANSLATION SOFTWARE MARKET, BY GEOGRAPHY, 2012 - 2025 (USD MILLION) 40
TABLE 4 NORTH AMERICA LANGUAGE TRANSLATION SOFTWARE MARKET, BY COUNTRY, 2012 - 2025 (USD MILLION) 42
TABLE 5 NORTH AMERICA LANGUAGE TRANSLATION SOFTWARE MARKET, BY TYPE, 2012 - 2025 (USD MILLION) 43
TABLE 6 NORTH AMERICA LANGUAGE TRANSLATION SOFTWARE MARKET, BY APPLICATION, 2012 - 2025 (USD MILLION) 43
TABLE 7 U.S. LANGUAGE TRANSLATION SOFTWARE MARKET, BY TYPE, 2012 - 2025 (USD MILLION) 44
TABLE 8 U.S. LANGUAGE TRANSLATION SOFTWARE MARKET, BY APPLICATION, 2012 - 2025 (USD MILLION) 45
TABLE 9 CANADA LANGUAGE TRANSLATION SOFTWARE MARKET, BY TYPE, 2012 - 2025 (USD MILLION) 46
TABLE 10 U.S. LANGUAGE TRANSLATION SOFTWARE MARKET, BY APPLICATION, 2012 - 2025 (USD MILLION) 47
TABLE 11 MEXICO LANGUAGE TRANSLATION SOFTWARE MARKET, BY TYPE, 2012 - 2025 (USD MILLION) 48
TABLE 12 MEXICO LANGUAGE TRANSLATION SOFTWARE MARKET, BY APPLICATION, 2012 - 2025 (USD MILLION) 49
TABLE 13 EUROPE LANGUAGE TRANSLATION SOFTWARE MARKET, BY COUNTRY, 2012 - 2025 (USD MILLION) 51
TABLE 14 EUROPE LANGUAGE TRANSLATION SOFTWARE MARKET, BY TYPE, 2012 - 2025 (USD MILLION) 52
TABLE 15 EUROPE LANGUAGE TRANSLATION SOFTWARE MARKET, BY APPLICATION, 2012 - 2025 (USD MILLION) 52
TABLE 16 GERMANY LANGUAGE TRANSLATION SOFTWARE MARKET, BY TYPE, 2012 - 2025 (USD MILLION) 53
TABLE 17 GERMANY LANGUAGE TRANSLATION SOFTWARE MARKET, BY APPLICATION, 2012 - 2025 (USD MILLION) 54
TABLE 18 UK LANGUAGE TRANSLATION SOFTWARE MARKET, BY TYPE, 2012 - 2025 (USD MILLION) 55
TABLE 19 UK LANGUAGE TRANSLATION SOFTWARE MARKET, BY APPLICATION, 2012 - 2025 (USD MILLION) 56
TABLE 20 FRANCE LANGUAGE TRANSLATION SOFTWARE MARKET, BY TYPE, 2012 - 2025 (USD MILLION) 57
TABLE 21 FRANCE LANGUAGE TRANSLATION SOFTWARE MARKET, BY APPLICATION, 2012 - 2025 (USD MILLION) 58
TABLE 22 REST OF EUROPE LANGUAGE TRANSLATION SOFTWARE MARKET, BY TYPE, 2012 - 2025 (USD MILLION) 59
TABLE 23 REST OF EUROPE LANGUAGE TRANSLATION SOFTWARE MARKET, BY APPLICATION, 2012 - 2025 (USD MILLION) 60
TABLE 24 ASIA PACIFIC LANGUAGE TRANSLATION SOFTWARE MARKET, BY COUNTRY, 2012 - 2025 (USD MILLION) 62
TABLE 25 ASIA PACIFIC LANGUAGE TRANSLATION SOFTWARE MARKET, BY TYPE, 2012 - 2025 (USD MILLION) 63
TABLE 26 ASIA PACIFIC LANGUAGE TRANSLATION SOFTWARE MARKET, BY APPLICATION, 2012 - 2025 (USD MILLION) 63
TABLE 27 CHINA LANGUAGE TRANSLATION SOFTWARE MARKET, BY TYPE, 2012 - 2025 (USD MILLION) 64
TABLE 28 CHINA LANGUAGE TRANSLATION SOFTWARE MARKET, BY APPLICATION, 2012 - 2025 (USD MILLION) 65
TABLE 29 JAPAN LANGUAGE TRANSLATION SOFTWARE MARKET, BY TYPE, 2012 - 2025 (USD MILLION) 66
TABLE 30 JAPAN LANGUAGE TRANSLATION SOFTWARE MARKET, BY APPLICATION, 2012 - 2025 (USD MILLION) 67
TABLE 31 INDIA LANGUAGE TRANSLATION SOFTWARE MARKET, BY TYPE, 2012 - 2025 (USD MILLION) 68
TABLE 32 INDIA LANGUAGE TRANSLATION SOFTWARE MARKET, BY APPLICATION, 2012 - 2025 (USD MILLION) 69
TABLE 33 SOUTHEAST ASIA LANGUAGE TRANSLATION SOFTWARE MARKET, BY TYPE, 2012 - 2025 (USD MILLION) 70
TABLE 34 SOUTHEAST ASIA LANGUAGE TRANSLATION SOFTWARE MARKET, BY APPLICATION, 2012 - 2025 (USD MILLION) 71
TABLE 35 REST OF ASIA PACIFIC LANGUAGE TRANSLATION SOFTWARE MARKET, BY TYPE, 2012 - 2025 (USD MILLION) 72
TABLE 36 REST OF ASIA PACIFIC LANGUAGE TRANSLATION SOFTWARE MARKET, BY APPLICATION, 2012 - 2025 (USD MILLION) 73
TABLE 37 LATIN AMERICA LANGUAGE TRANSLATION SOFTWARE MARKET, BY COUNTRY, 2012 - 2025 (USD MILLION) 75
TABLE 38 LATIN AMERICA LANGUAGE TRANSLATION SOFTWARE MARKET, BY TYPE, 2012 - 2025 (USD MILLION) 76
TABLE 39 LATIN AMERICA LANGUAGE TRANSLATION SOFTWARE MARKET, BY APPLICATION, 2012 - 2025 (USD MILLION) 76
TABLE 40 BRAZIL LANGUAGE TRANSLATION SOFTWARE MARKET, BY TYPE, 2012 - 2025 (USD MILLION) 77
TABLE 41 BRAZIL LANGUAGE TRANSLATION SOFTWARE MARKET, BY APPLICATION, 2012 - 2025 (USD MILLION) 78
TABLE 42 REST OF LATIN AMERICA LANGUAGE TRANSLATION SOFTWARE MARKET, BY TYPE, 2012 - 2025 (USD MILLION) 79
TABLE 43 REST OF LATIN AMERICA LANGUAGE TRANSLATION SOFTWARE MARKET, BY APPLICATION, 2012 - 2025 (USD MILLION) 80
TABLE 44 REST OF WORLD LANGUAGE TRANSLATION SOFTWARE MARKET, BY TYPE, 2012 - 2025 (USD MILLION) 81
TABLE 45 REST OF WORLD LANGUAGE TRANSLATION SOFTWARE MARKET, BY APPLICATION, 2012 - 2025 (USD MILLION) 82
List of Figures
FIG. 1 Global Language Translation Software Market Size 2012 - 2025 (USD Million) 15
FIG. 2 Global Language Translation Software Market Size Comparison by Type, 2016& 2025 (USD Million) 16
FIG. 3 Global Language Translation Software Market Size Comparison, by Application, 2016 & 2025, (USD Million) 17
FIG. 4 GlobalLanguage Translation Software Market Size Comparison, by Region, 2016 & 2025, (USD Million) 18
FIG. 5 Market Dynamics 23
FIG. 6 Global Language Translation Software Market Share, By Type, 2016 (%) 26
FIG. 7 Global Rule Based Language Translation Software Market Estimates and Forecasts, 2012 - 2025(USD MILLION) 28
FIG. 8 Global Statistical Based Language Translation Software Market Estimates and Forecasts, 2012 - 2025(USD MILLION) 29
FIG. 9 Global Hybrid Language Translation Software Market Estimates and Forecasts, 2012 - 2025(USD MILLION) 30
FIG. 10 Global Language Translation Software Market Share, By Application, 2016 (%) 31
FIG. 11 Global Language Translation Software Market Estimates and Forecasts in Legal Application, 2012 - 2025(USD MILLION) 33
FIG. 12 Global Language Translation Software Market Estimates and Forecasts in Medical Application, 2012 - 2025(USD MILLION) 34
FIG. 13 Global Language Translation Software Market Estimates and Forecasts in Tourism & Travel Application, 2012 - 2025(USD MILLION) 35
FIG. 14 Global Language Translation Software Market Estimates and Forecasts in Financial & Banking Application, 2012 - 2025(USD MILLION) 36
FIG. 15 Global Language Translation Software Market Estimates and Forecasts in Other Applications, 2012 - 2025(USD MILLION) 37
FIG. 16 Global Language Translation Software Market, By Geography, 2012 - 2025 39
FIG. 17 North America Market Snapshot 41
FIG. 18 North America Language Translation Software Market, By Country, 2016 42
FIG. 19 U.S. Language Translation Software Market, 2012 - 2025 (USD Million) 44
FIG. 20 Canada Language Translation Software Market, 2012 - 2025 (USD Million) 46
FIG. 21 Mexico Language Translation Software Market, 2012 - 2025 (USD Million) 48
FIG. 22 Europe Market Snapshot 50
FIG. 23 EuropeLanguage Translation Software Market, By Country, 2016 51
FIG. 24 Germany Language Translation Software Market, 2012 - 2025 (USD Million) 53
FIG. 25 UK Language Translation Software Market, 2012 - 2025 (USD Million) 55
FIG. 26 France Language Translation Software Market, 2012 - 2025 (USD Million) 57
FIG. 27 Rest of Europe Language Translation Software Market, 2012 - 2025 (USD Million) 59
FIG. 28 Asia Pacific Market Snapshot 61
FIG. 29 Asia PacificLanguage Translation Software Market, By Country, 2016 62
FIG. 30 China Language Translation Software Market, 2012 - 2025 (USD Million) 64
FIG. 31 Japan Language Translation Software Market, 2012 - 2025 (USD Million) 66
FIG. 32 India Language Translation Software Market, 2012 - 2025 (USD Million) 68
FIG. 33 Southeast Asia Language Translation Software Market, 2012 - 2025 (USD Million) 70
FIG. 34 Rest of Asia Pacific Language Translation Software Market, 2012 - 2025 (USD Million) 72
FIG. 35 Latin America Market Snapshot 74
FIG. 36 Latin AmericaLanguage Translation Software Market, By Country, 2016 75
FIG. 37 Brazil Language Translation Software Market, 2012 - 2025 (USD Million) 77
FIG. 38 Rest of Latin America Language Translation Software Market, 2012 - 2025 (USD Million) 79
FIG. 39 Rest of World Language Translation Software Market, 2012 - 2025 (USD Million) 81
FIG. 40 Financial Information - Revenue (USD Million) 84
FIG. 41 Financial Information - Revenue (USD Million) 85
FIG. 42 Financial Information - Revenue (USD Billion) 90
FIG. 43 Financial Information, Revenue (USD Million) 95
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