Language Translation Software Market 2027 By Component, Industrial Vertical and Geography | The Insight Partners

Language Translation Software Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Component (Solution, Services); Industrial Vertical (BFSI, Healthcare, Manufacturing, Government, IT and Telecom, Education, Others) and Geography

Report Code: TIPRE00011206 | No. of Pages: 150 | Category: Technology, Media and Telecommunications | Status: Upcoming
Covid
MARKET INTRODUCTION

Language translation fosters global interaction; it allows interactive relationships in various fields such as commerce, education, technology, finance, etc. Communicating in any language becomes very easy because of the development of the language-translation software. Software for language translation helps to interact with consumers in different localities. Companies use language translation software to derive information and opinions from social media about their products, which can then be used in decision making. Software for language translation is used in small, medium, and large organizations. Implementation of this software proliferates in the IT & BFSI industry. This is due to a large number of IT sector employees and their migration to various regions.

MARKET DYNAMICS

The driving factor for the global market of language translation software is increasing the need for businesses to interact with employees and consumers in various regions. Language is a crucial driver for an organization's growth. Also, the increase in smartphone use is a significant factor that is considered to be an essential global factor and is projected to drive the market during the estimated period. Samsung Galaxy, for example, is capable of operating in different languages. To interact with customers in different regions, each organization has to provide different websites for different languages. Enterprises are investing heavily in language translation tools to improve productivity and business efficiency. One of the major factors driving the growth of this market is a large amount of data generation from several industries. The high cost and complicated structure, however, are impeding the market growth.

MARKET SCOPE

The "Global Language Translation Software Market Analysis To 2027" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The language translation software market report aims to provide an overview of the language translation software market with detailed market segmentation by component, industry vertical, and geography. The global language translation software market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading language translation software market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global language translation software market is segmented on the basis of component, and industry vertical. Based on component, the language translation software market is segmented into: solution (Rule-Based Machine Translation, Statistical-Based Machine Translation, and Hybrid Machine Translation), and services (Translation, Localization, Interpretation, Transcription, and Others). On the basis of industry vertical, the language translation software market is segmented into: BFSI, Healthcare, Manufacturing, Government, IT and Telecom, Education, and Others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global language translation software market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The language translation software market by each region is later sub-segmented by respective countries and segments. The language translation software market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the language translation software market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South& Central America after evaluating political, economic, social and technological factors affecting the language translation software market in these regions.



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MARKET PLAYERS


The reports cover key developments in the language translation software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from language translation software market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the language translation software market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the language translation software market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.


  •  Babylon Ltd.
  •  Cloudwords Inc.
  •  Global Linguist Solutions, LLC.
  •  Google LLC
  •  IBM Corporation
  •  LanguageLine Solutions
  •  Lionbridge Technologies, Inc.
  •  Microsoft
  •  SYSTRAN
  •  thebigword


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TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Language Translation Software Market - By Component
1.3.2 Language Translation Software Market - By Industrial Vertical
1.3.3 Language Translation Software Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. LANGUAGE TRANSLATION SOFTWARE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. LANGUAGE TRANSLATION SOFTWARE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. LANGUAGE TRANSLATION SOFTWARE MARKET - GLOBAL MARKET ANALYSIS
6.1. LANGUAGE TRANSLATION SOFTWARE - GLOBAL MARKET OVERVIEW
6.2. LANGUAGE TRANSLATION SOFTWARE - GLOBAL MARKET AND FORECAST TO 2027
6.3. MARKET POSITIONING/MARKET SHARE

7. LANGUAGE TRANSLATION SOFTWARE MARKET - REVENUE AND FORECASTS TO 2027 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. SOLUTION
7.3.1. Overview
7.3.2. Solution Market Forecast and Analysis
7.3.3. Rule-Based Machine Translation Market
7.3.3.1. Overview
7.3.3.2. Rule-Based Machine Translation Market Forecast and Analysis
7.3.4. Statistical-Based Machine Translation Market
7.3.4.1. Overview
7.3.4.2. Statistical-Based Machine Translation Market Forecast and Analysis
7.3.5. Hybrid Machine Translation Market
7.3.5.1. Overview
7.3.5.2. Hybrid Machine Translation Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
7.4.3. Translation Market
7.4.3.1. Overview
7.4.3.2. Translation Market Forecast and Analysis
7.4.4. Localization Market
7.4.4.1. Overview
7.4.4.2. Localization Market Forecast and Analysis
7.4.5. Interpretation Market
7.4.5.1. Overview
7.4.5.2. Interpretation Market Forecast and Analysis
7.4.6. Transcription Market
7.4.6.1. Overview
7.4.6.2. Transcription Market Forecast and Analysis
7.4.7. Others Market
7.4.7.1. Overview
7.4.7.2. Others Market Forecast and Analysis
8. LANGUAGE TRANSLATION SOFTWARE MARKET - REVENUE AND FORECASTS TO 2027 - INDUSTRIAL VERTICAL
8.1. OVERVIEW
8.2. INDUSTRIAL VERTICAL MARKET FORECASTS AND ANALYSIS
8.3. BFSI
8.3.1. Overview
8.3.2. BFSI Market Forecast and Analysis
8.4. HEALTHCARE
8.4.1. Overview
8.4.2. Healthcare Market Forecast and Analysis
8.5. MANUFACTURING
8.5.1. Overview
8.5.2. Manufacturing Market Forecast and Analysis
8.6. GOVERNMENT
8.6.1. Overview
8.6.2. Government Market Forecast and Analysis
8.7. IT AND TELECOM
8.7.1. Overview
8.7.2. IT and Telecom Market Forecast and Analysis
8.8. EDUCATION
8.8.1. Overview
8.8.2. Education Market Forecast and Analysis
8.9. OTHERS
8.9.1. Overview
8.9.2. Others Market Forecast and Analysis

9. LANGUAGE TRANSLATION SOFTWARE MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Language Translation Software Market Overview
9.1.2 North America Language Translation Software Market Forecasts and Analysis
9.1.3 North America Language Translation Software Market Forecasts and Analysis - By Component
9.1.4 North America Language Translation Software Market Forecasts and Analysis - By Industrial Vertical
9.1.5 North America Language Translation Software Market Forecasts and Analysis - By Countries
9.1.5.1 United States Language Translation Software Market
9.1.5.1.1 United States Language Translation Software Market by Component
9.1.5.1.2 United States Language Translation Software Market by Industrial Vertical
9.1.5.2 Canada Language Translation Software Market
9.1.5.2.1 Canada Language Translation Software Market by Component
9.1.5.2.2 Canada Language Translation Software Market by Industrial Vertical
9.1.5.3 Mexico Language Translation Software Market
9.1.5.3.1 Mexico Language Translation Software Market by Component
9.1.5.3.2 Mexico Language Translation Software Market by Industrial Vertical
9.2. EUROPE
9.2.1 Europe Language Translation Software Market Overview
9.2.2 Europe Language Translation Software Market Forecasts and Analysis
9.2.3 Europe Language Translation Software Market Forecasts and Analysis - By Component
9.2.4 Europe Language Translation Software Market Forecasts and Analysis - By Industrial Vertical
9.2.5 Europe Language Translation Software Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Language Translation Software Market
9.2.5.1.1 Germany Language Translation Software Market by Component
9.2.5.1.2 Germany Language Translation Software Market by Industrial Vertical
9.2.5.2 France Language Translation Software Market
9.2.5.2.1 France Language Translation Software Market by Component
9.2.5.2.2 France Language Translation Software Market by Industrial Vertical
9.2.5.3 Italy Language Translation Software Market
9.2.5.3.1 Italy Language Translation Software Market by Component
9.2.5.3.2 Italy Language Translation Software Market by Industrial Vertical
9.2.5.4 United Kingdom Language Translation Software Market
9.2.5.4.1 United Kingdom Language Translation Software Market by Component
9.2.5.4.2 United Kingdom Language Translation Software Market by Industrial Vertical
9.2.5.5 Russia Language Translation Software Market
9.2.5.5.1 Russia Language Translation Software Market by Component
9.2.5.5.2 Russia Language Translation Software Market by Industrial Vertical
9.2.5.6 Rest of Europe Language Translation Software Market
9.2.5.6.1 Rest of Europe Language Translation Software Market by Component
9.2.5.6.2 Rest of Europe Language Translation Software Market by Industrial Vertical
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Language Translation Software Market Overview
9.3.2 Asia-Pacific Language Translation Software Market Forecasts and Analysis
9.3.3 Asia-Pacific Language Translation Software Market Forecasts and Analysis - By Component
9.3.4 Asia-Pacific Language Translation Software Market Forecasts and Analysis - By Industrial Vertical
9.3.5 Asia-Pacific Language Translation Software Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Language Translation Software Market
9.3.5.1.1 Australia Language Translation Software Market by Component
9.3.5.1.2 Australia Language Translation Software Market by Industrial Vertical
9.3.5.2 China Language Translation Software Market
9.3.5.2.1 China Language Translation Software Market by Component
9.3.5.2.2 China Language Translation Software Market by Industrial Vertical
9.3.5.3 India Language Translation Software Market
9.3.5.3.1 India Language Translation Software Market by Component
9.3.5.3.2 India Language Translation Software Market by Industrial Vertical
9.3.5.4 Japan Language Translation Software Market
9.3.5.4.1 Japan Language Translation Software Market by Component
9.3.5.4.2 Japan Language Translation Software Market by Industrial Vertical
9.3.5.5 South Korea Language Translation Software Market
9.3.5.5.1 South Korea Language Translation Software Market by Component
9.3.5.5.2 South Korea Language Translation Software Market by Industrial Vertical
9.3.5.6 Rest of Asia-Pacific Language Translation Software Market
9.3.5.6.1 Rest of Asia-Pacific Language Translation Software Market by Component
9.3.5.6.2 Rest of Asia-Pacific Language Translation Software Market by Industrial Vertical
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Language Translation Software Market Overview
9.4.2 Middle East and Africa Language Translation Software Market Forecasts and Analysis
9.4.3 Middle East and Africa Language Translation Software Market Forecasts and Analysis - By Component
9.4.4 Middle East and Africa Language Translation Software Market Forecasts and Analysis - By Industrial Vertical
9.4.5 Middle East and Africa Language Translation Software Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Language Translation Software Market
9.4.5.1.1 South Africa Language Translation Software Market by Component
9.4.5.1.2 South Africa Language Translation Software Market by Industrial Vertical
9.4.5.2 Saudi Arabia Language Translation Software Market
9.4.5.2.1 Saudi Arabia Language Translation Software Market by Component
9.4.5.2.2 Saudi Arabia Language Translation Software Market by Industrial Vertical
9.4.5.3 U.A.E Language Translation Software Market
9.4.5.3.1 U.A.E Language Translation Software Market by Component
9.4.5.3.2 U.A.E Language Translation Software Market by Industrial Vertical
9.4.5.4 Rest of Middle East and Africa Language Translation Software Market
9.4.5.4.1 Rest of Middle East and Africa Language Translation Software Market by Component
9.4.5.4.2 Rest of Middle East and Africa Language Translation Software Market by Industrial Vertical
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Language Translation Software Market Overview
9.5.2 South and Central America Language Translation Software Market Forecasts and Analysis
9.5.3 South and Central America Language Translation Software Market Forecasts and Analysis - By Component
9.5.4 South and Central America Language Translation Software Market Forecasts and Analysis - By Industrial Vertical
9.5.5 South and Central America Language Translation Software Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Language Translation Software Market
9.5.5.1.1 Brazil Language Translation Software Market by Component
9.5.5.1.2 Brazil Language Translation Software Market by Industrial Vertical
9.5.5.2 Argentina Language Translation Software Market
9.5.5.2.1 Argentina Language Translation Software Market by Component
9.5.5.2.2 Argentina Language Translation Software Market by Industrial Vertical
9.5.5.3 Rest of South and Central America Language Translation Software Market
9.5.5.3.1 Rest of South and Central America Language Translation Software Market by Component
9.5.5.3.2 Rest of South and Central America Language Translation Software Market by Industrial Vertical

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. LANGUAGE TRANSLATION SOFTWARE MARKET, KEY COMPANY PROFILES
11.1. BABYLON LTD.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CLOUDWORDS INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GLOBAL LINGUIST SOLUTIONS, LLC .
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GOOGLE LLC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. IBM CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. LANGUAGELINE SOLUTIONS
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. LIONBRIDGE TECHNOLOGIES, INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MICROSOFT
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SYSTRAN
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THEBIGWORD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1. Babylon Ltd.
2. Cloudwords Inc.
3. Global Linguist Solutions, LLC .
4. Google LLC
5. IBM Corporation
6. LanguageLine Solutions
7. Lionbridge Technologies, Inc.
8. Microsoft
9. SYSTRAN
10. thebigword
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