Language translation is the interpretation of meaningful text, and the production of an equivalent text. This text is known as the source text or language. Increase in prevalence of integrated organization markets and rise in user friendly website designing will drive the market growth over the forecast period. Language translation software is divided into various types such as localization, interpretation, translation, transcription, and others.
Increase in penetration of smartphones and internet facility in non- English speaking countries such as Spain, Russia, Mexico, and Brazil is the key driving factor which is expected to boost the global language translation software market growth. Furthermore, increase in globalization as well as increase in demand to search information over internet will have the positive impact on global language translation software market growth. Moreover technological advancements and innovations will fuel market growth during this forecast period.
However, availability of alternatives and free language translators is the major restraining factor which is expected to hamper the global language translation software market growth. Also, lack of awareness will affect the market growth.
Global Language Translation Software Market is segmented into component such as Software( Hybrid Machine Translation, Statistical-Based Machine Translation, and Rule-based Machine Translation) and Solution (Transcription, Interpretation, Localization, Translation, and Others).Further, market is segmented into by industrial vertical such as Education, IT & Telecommunication, Government, Manufacturing, Healthcare, and Banking Financial Services and Insurance (BFSI).
Also, Global Language Translation Software Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Various key players are discussed in this report such as Cloudwords Inc, Systran, Microsoft Inc, IBM Corporation, Google Inc, Babylon Corporation, Global Linguist Solutions, LLC, LanguageLine Solutions, Lionbridge, and bigword Group Ltd
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5.1 Y-o-Y Growth Comparison, By Component
5.2 Global Language Translation Software Market Share Analysis, By Component
5.3 Global Language Translation Software Market Size and Forecast, By Component
5.3.1 Software
5.3.1.1 Hybrid Machine Translation
5.3.1.2 Statistical- Based Machine Transaction
5.3.1.3 Rule-Based Machine Transaction
5.3.2 Services
5.3.2.1 Transcription
5.3.2.2 Interpretation
5.3.2.3 Localisation
5.3.2.4 Translation
5.3.2.5 Others
6.1 Y-o-Y Growth Comparison, By Industrial Vertical
6.2 Global Language Translation Software Market Share Analysis, By Industrial Vertical
6.3 Global Language Translation Software Market Size and Forecast, By Industrial Vertical
6.3.1 Education
6.3.2 IT & Telecommunication
6.3.3 Government
6.3.4Manufacturing
6.3.5 Healthcare
6.3.6 Banking Financial Services and Insurance (BFSI)
7.1 Global Language Translation Software Market Share Analysis, By Region
7.2 Global Language Translation Software Market Share Analysis, By Region
7.3 Global Language Translation Software Market Size and Forecast, By Region
8.1 Introduction
8.2 North America Language Translation Software Market Share Analysis, By Component
8.3 North America Language Translation Software Market Size and Forecast, By Industrial Vertical
8.4 North America Language Translation Software Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9.1 Introduction
9.2 Europe Language Translation Software Market Share Analysis, By Component
9.3 Europe Language Translation Software Market Size and Forecast, By Industrial Vertical
9.4 Europe Language Translation Software Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10.1 Introduction
10.2 Asia Pacific Language Translation Software Market Share Analysis, By Component
10.3 Asia Pacific Language Translation Software Market Size and Forecast, By Industrial Vertical
10.4 Asia Pacific Language Translation Software Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11.1 Introduction
11.2 Latin America Language Translation Software Market Share Analysis, By Component
11.3 Latin America Language Translation Software Market Size and Forecast, By Industrial Vertical
11.4 Latin America Language Translation Software Market Size and Forecast, By Country
12.1 Introduction
12.2 Middle East Language Translation Software Market Share Analysis, By Component
12.3 Middle East Language Translation Software Market Size and Forecast, By Industrial Vertical
12.4 Middle East Language Translation Software Market Size and Forecast, By Country
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Systran
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Microsoft Inc
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 IBM Corporation
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Google Inc
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Babylon Corporation
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Global Linguist Solutions, LLC
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 LanguageLine Solutions
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Lionbridge
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 bigword Group Ltd
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
