The Europe Language Translation Software Market should witness market growth of 16.5% CAGR during the forecast period (2022-2028).
Translation in the educational field is quite significant. It is necessary when course credits or degrees must be approved for recognition to support students who wish to study or work abroad. For students to fully comprehend the formalities, inscriptions, regulations, prohibitions,and other important information about their universities or colleges, clear programs assist students in getting crucial information about those institutions.
Making educational attainment and credentials transparent is necessary for a proper translation in the educational field. The appropriate translation of educational content is necessary for effective learning and teaching. In order to build a name abroad and draw in new immigrant families, translation is also needed for advertising and branding objectives. Inadequate clarity in translations prompts pointless inquiries, forcing the staff to repeatedly address the same questions. A better translation of the information can quickly fix this. In addition, without starting from scratch, schools can update their curriculum as the semesters progress by employing translation software.
The creation of communication and public informationmaterials, including press releases, speeches, and social media, is the other main function of translation. By doing this in all EU languages, the institutions become more accessible to the general people and encourage open and democratic decision-making. Since 2007, IATE (Interactive Terminology For Europe) has been open to the public and combines the terminological assets of all EU translation services. The European Commission, the European Parliament, the Council of the European Union,the Court of Justice, and the European Central Bank are among the project partners whose translation services are managed by the Translation Centre on their behalf. Therefore, the expansive usage of translation software in the region are proving to be highly beneficial for the market.
The Germany market dominated the Europe Language Translation Software Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,779.1 million by 2028. The UK market is anticipated to grow at a CAGR of 15.6% during (2022-2028). Additionally, The France market would exhibit a CAGR of 17.4% during (2022-2028).
Based on Component, the market is segmented into Solution and Services. Based on Solution Type, the market is segmented into Rule-based Machine Translation, Statistical Machine Translation and Hybrid Machine Translation. Based on Vertical, the market is segmented into IT & Telecom, Manufacturing, Education, Healthcare, BFSI, Travel & Tourism and Others. Based on Enterprise Size, the market is segmented into Large Enterprises and SMEs. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Google LLC (Alphabet Inc.), Acolad Group, AppTek, LanguageLine Solutions (Teleperformance SE), inRiver AB, Babylon Software Ltd., Lingotek, Inc., and SYSTRAN S.A.
Translation in the educational field is quite significant. It is necessary when course credits or degrees must be approved for recognition to support students who wish to study or work abroad. For students to fully comprehend the formalities, inscriptions, regulations, prohibitions,and other important information about their universities or colleges, clear programs assist students in getting crucial information about those institutions.
Making educational attainment and credentials transparent is necessary for a proper translation in the educational field. The appropriate translation of educational content is necessary for effective learning and teaching. In order to build a name abroad and draw in new immigrant families, translation is also needed for advertising and branding objectives. Inadequate clarity in translations prompts pointless inquiries, forcing the staff to repeatedly address the same questions. A better translation of the information can quickly fix this. In addition, without starting from scratch, schools can update their curriculum as the semesters progress by employing translation software.
The creation of communication and public informationmaterials, including press releases, speeches, and social media, is the other main function of translation. By doing this in all EU languages, the institutions become more accessible to the general people and encourage open and democratic decision-making. Since 2007, IATE (Interactive Terminology For Europe) has been open to the public and combines the terminological assets of all EU translation services. The European Commission, the European Parliament, the Council of the European Union,the Court of Justice, and the European Central Bank are among the project partners whose translation services are managed by the Translation Centre on their behalf. Therefore, the expansive usage of translation software in the region are proving to be highly beneficial for the market.
The Germany market dominated the Europe Language Translation Software Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,779.1 million by 2028. The UK market is anticipated to grow at a CAGR of 15.6% during (2022-2028). Additionally, The France market would exhibit a CAGR of 17.4% during (2022-2028).
Based on Component, the market is segmented into Solution and Services. Based on Solution Type, the market is segmented into Rule-based Machine Translation, Statistical Machine Translation and Hybrid Machine Translation. Based on Vertical, the market is segmented into IT & Telecom, Manufacturing, Education, Healthcare, BFSI, Travel & Tourism and Others. Based on Enterprise Size, the market is segmented into Large Enterprises and SMEs. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Google LLC (Alphabet Inc.), Acolad Group, AppTek, LanguageLine Solutions (Teleperformance SE), inRiver AB, Babylon Software Ltd., Lingotek, Inc., and SYSTRAN S.A.
Scope of the Study
By Component
- Solution
- Rule-based Machine Translation
- Statistical Machine Translation
- Hybrid Machine Translation
- Services
By Vertical
- IT & Telecom
- Manufacturing
- Education
- Healthcare
- BFSI
- Travel & Tourism
- Others
By Enterprise Size
- Large Enterprises
- SMEs
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- Google LLC (Alphabet Inc.)
- Acolad Group
- AppTek
- LanguageLine Solutions (Teleperformance SE)
- inRiver AB
- Babylon Software Ltd.
- Lingotek, Inc.
- SYSTRAN S.A.
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Language Translation Software Market, by Component
1.4.2 Europe Language Translation Software Market, by Vertical
1.4.3 Europe Language Translation Software Market, by Enterprise Size
1.4.4 Europe Language Translation Software Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Market Share Analysis, 2021
Chapter 4. Europe Language Translation Software Market by Component
4.1 Europe Solution Market by Country
4.2 Europe Language Translation Software Market by Solution Type
4.2.1 Europe Rule-based Machine Translation Market by Country
4.2.2 Europe Statistical Machine Translation Market by Country
4.2.3 Europe Hybrid Machine Translation Market by Country
4.3 Europe Services Market by Country
Chapter 5. Europe Language Translation Software Market by Vertical
5.1 Europe IT & Telecom Market by Country
5.2 Europe Manufacturing Market by Country
5.3 Europe Education Market by Country
5.4 Europe Healthcare Market by Country
5.5 Europe BFSI Market by Country
5.6 Europe Travel & Tourism Market by Country
5.7 Europe Other Vertical Market by Country
Chapter 6. Europe Language Translation Software Market by Enterprise Size
6.1 Europe Large Enterprises Market by Country
6.2 Europe SMEs Market by Country
Chapter 7. Europe Language Translation Software Market by Country
7.1 Germany Language Translation Software Market
7.1.1 Germany Language Translation Software Market by Component
7.1.1.1 Germany Language Translation Software Market by Solution Type
7.1.2 Germany Language Translation Software Market by Vertical
7.1.3 Germany Language Translation Software Market by Enterprise Size
7.2 UK Language Translation Software Market
7.2.1 UK Language Translation Software Market by Component
7.2.1.1 UK Language Translation Software Market by Solution Type
7.2.2 UK Language Translation Software Market by Vertical
7.2.3 UK Language Translation Software Market by Enterprise Size
7.3 France Language Translation Software Market
7.3.1 France Language Translation Software Market by Component
7.3.1.1 France Language Translation Software Market by Solution Type
7.3.2 France Language Translation Software Market by Vertical
7.3.3 France Language Translation Software Market by Enterprise Size
7.4 Russia Language Translation Software Market
7.4.1 Russia Language Translation Software Market by Component
7.4.1.1 Russia Language Translation Software Market by Solution Type
7.4.2 Russia Language Translation Software Market by Vertical
7.4.3 Russia Language Translation Software Market by Enterprise Size
7.5 Spain Language Translation Software Market
7.5.1 Spain Language Translation Software Market by Component
7.5.1.1 Spain Language Translation Software Market by Solution Type
7.5.2 Spain Language Translation Software Market by Vertical
7.5.3 Spain Language Translation Software Market by Enterprise Size
7.6 Italy Language Translation Software Market
7.6.1 Italy Language Translation Software Market by Component
7.6.1.1 Italy Language Translation Software Market by Solution Type
7.6.2 Italy Language Translation Software Market by Vertical
7.6.3 Italy Language Translation Software Market by Enterprise Size
7.7 Rest of Europe Language Translation Software Market
7.7.1 Rest of Europe Language Translation Software Market by Component
7.7.1.1 Rest of Europe Language Translation Software Market by Solution Type
7.7.2 Rest of Europe Language Translation Software Market by Vertical
7.7.3 Rest of Europe Language Translation Software Market by Enterprise Size
Chapter 8. Company Profiles
8.1 Microsoft Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Product Launches and Product Expansions:
8.1.6 SWOT Analysis
8.2 IBM Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional & Segmental Analysis
8.2.4 Research & Development Expenses
8.2.5 SWOT Analysis
8.3 Google LLC (Alphabet Inc.)
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 SWOT Analysis
8.4 Acolad Group
8.4.1 Company Overview
8.4.2 Recent strategies and developments:
8.4.2.1 Acquisition and Mergers:
8.5 AppTek
8.5.1 Company Overview
8.5.2 Recent strategies and developments:
8.5.2.1 Partnerships, Collaborations, and Agreements:
8.6 LanguageLine Solutions (Teleperformance SE)
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental Analysis
8.7 inRiver AB
8.7.1 Company Overview
8.8 Babylon Software Ltd.
8.8.1 Company Overview
8.9 Lingotek, Inc.
8.9.1 Company Overview
8.10. SYSTRAN S.A.
8.10.1 Company Overview
Companies Mentioned
- IBM Corporation
- Google LLC (Alphabet Inc.)
- Acolad Group
- AppTek
- LanguageLine Solutions (Teleperformance SE)
- inRiver AB
- Babylon Software Ltd.
- Lingotek, Inc.
- SYSTRAN S.A.
Methodology
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