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The translation management software market is forecasted to grow by USD 2.33 billion during 2023-2028, accelerating at a CAGR of 14.66% during the forecast period. The report on the translation management software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing volume of data among organizations, increased dependency on internet, and easy development and deployment of digital advertisements.
The translation management software market is segmented as below:
By Deployment
- On-premises
- Cloud
By End-user
- BFSI
- Legal
- Life sciences
- Tourism and travel
- Others
By Geographical Landscape
- Europe
- North America
- APAC
- Middle East and Africa
- South America
The report on the translation management software market covers the following areas:
- Translation management software market sizing
- Translation management software market forecast
- Translation management software market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Five Forces Analysis
7 Market Segmentation by Deployment
8 Market Segmentation by End-user
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Opportunity/Restraints
12 Competitive Landscape
13 Competitive Analysis
14 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the translation management software market: Acolad Group, Across Systems GmbH, Alphabet Inc., Babylon Software Ltd., Crowdin, International Business Machines Corp., LanguageLine Solutions, Lionbridge Technologies LLC, Lokalise Inc., MemoQ Translation Technologies Ltd., Microsoft Corp., Pairaphrase LLC, RWS Holdings PLC, SAP SE, Smartling Inc., STAR AG, TextUnited GmbH, TransPerfect Inc., Welocalize Inc., Wordfast LLC, and XTM International Ltd..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increasing adoption of neural machine translation (NMT)."
According to the report, one of the major drivers for this market is the increasing volume of data among organizations.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Acolad Group
- Across Systems GmbH
- Alphabet Inc.
- Babylon Software Ltd.
- Crowdin
- International Business Machines Corp.
- LanguageLine Solutions
- Lionbridge Technologies LLC
- Lokalise Inc.
- MemoQ Translation Technologies Ltd.
- Microsoft Corp.
- Pairaphrase LLC
- RWS Holdings PLC
- SAP SE
- Smartling Inc.
- STAR AG
- TextUnited GmbH
- TransPerfect Global Inc.
- Welocalize Inc.
- Wordfast LLC
- XTM International Ltd.
