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.
In 2018, the global Language Translation Software market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Language Translation Software status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Language Translation Software development in United States, Europe and China.
The key players covered in this study
Bigword Group Ltd
Lionbridge
LanguageLine Solutions
Global Linguist Solutions
Babylon Corporation
Google Inc
IBM Corporation
Microsoft Inc. Systran
Cloudwords Inc
Market segment by Type, the product can be split into
Rule-Based Machine Translation
Statistical-Based Machine Translation
Hybrid Machine Translation
Others
Market segment by Application, split into
Banking Financial Services and Insurance
Healthcare
Manufacturing
Government
IT & Telecom
Education
Others
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Language Translation Software status, future forecast, growth opportunity, key market and key players.
To present the Language Translation Software development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Language Translation Software are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Language Translation Software . Industry analysis & Market Report on Language Translation Software is a syndicated market report, published as Global Language Translation Software Market Size, Status and Forecast 2019-2025. It is complete Research Study and Industry Analysis of Language Translation Software market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.