Press release
The Global Translation Software Market was valued at USD 4.75 billion in 2017 and is projected to reach USD 15.79 billion by 2025, growing at a CAGR of 16.2% from 2018 to 2025 TOP KEY PLAYERS ARE IBM, SDL, Lionbridge, Alchemy, MultiCorpora, Lingotek, MT@E
Translation is a mode of conveying one form of language to other. With growing customer outreach the need for translation services and applications has been accelerated to fulfil the requirements of the customers based on their preferences of language. It has been observed that various companies has been developing translation software in order to provide comfort to their national as well as international clients and customers. Translation software is a database which requires an integrated platform of big data analytics and cloud computing so that the data can be accessible from anywhere and can be easily converted into the preferred language clients and customers choose.
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Rising technological advancements in the translation industry and emergence of freelancers and large enterprises investing into translation software and providing with its services has been booming the global translation software market. Apart from this, risks of data security and other cybersecurity concerns might hamper the growth of global translation software market.The “Global Translation Software Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as IBM, SDL, Lionbridge, Alchemy, MultiCorpora, Lingotek, MT@EC, Google and Language Weaver. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
As a part of market estimation, the study also comprises a list of tables and figures for the “Global Translation Software Market” which focuses on a constructive knowledge essential for the companies or individuals interested in the market study report. As a part of market segmentation, our study exhibits a market analysis on the basis of type, industry application and geography.
On the basis of type, the Global Translation Software Market can be categorized into two sections; application and type. This market study analyses the industry for Global Translation Software based on these divisions. The Global Translation Software types are divided into rule based, statistic based and hybrid. The industry is then sectioned by application which includes legal, medical, tourism and travel, financial and banking and others. In terms of geography, Asia Pacific accounts for the fastest growing market due to the presence of numerous developing countries in this region along with their emerging markets. The Chinese market has a major share in this region.
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Chapter 1 Global Language Translation Software Market Overview 12
1.1 Translation Software Market Overview 12
1.2 Global Language Translation Software Market Segmentation 13
1.3 Assumptions 14
Chapter 2 Executive Summary 15
2.1 Global Language Translation Software Market Size, 2012 – 2025 (USD Million) 15
2.2 Global Language Translation Software Market Size Comparison, by Type 16
2.3 Global Language Translation Software Market Size Comparison, by Application 17
2.4 Global Language Translation Software Market Size Comparison by Region, 2016 18
Chapter 3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH 19
3.1 Data Mining 19
3.2 Secondary Research 19
3.3 Primary Research: 19
3.4 Subject Matter Expert Advice: 20
3.4.1 Quality Check 20
3.4.2 Final Review 20
3.5 Validation 21
3.6 Primary Interviews 21
3.7 Research Scope and Assumptions 21
3.8 List of data sources 22
Chapter 4 Global Language Translation Software Market Dynamics 23
4.1 Market Dynamics 23
4.1.1 Drivers 23
4.1.1.1 Demand driven by emerging business enterprises 23
4.1.1.2 Technological Developments in the Translation Industry 24
4.1.1.3 Growing Demand for Freelancers 24
4.1.2 Restraints 24
4.1.2.1 Increasing access to computerized translation tools 24
4.1.2.2 Risks of data security 24
4.1.2.3 Inefficiency in translating legal information 25
4.1.3 Opportunity 25
4.1.3.1 Increasing interest of major firms in language software providers 25
Chapter 5 Global Language Translation Software Market, by Type 26
5.1 OVERVIEW 26
5.2 Rule Based 27
5.3 Statistical Based 28
5.4 Hybrid 29
Chapter 6 Global Language Translation Software Market, by Application 31
6.1 OVERVIEW 31
6.2 Legal 32
6.3 Medical 33
6.4 Tourism & Travel 34
6.5 Financial & Banking 35
6.6 Others 36
Chapter 7 GLOBAL LANGUAGE TRANSLATION SOFTWARE MARKET, BY GEOGRAPHY 38
7.1 Overview 38
7.2 North America 41
7.2.1 U.S. 44
7.2.2 Canada 46
7.2.3 Mexico 48
7.3 Europe 50
7.3.1 Germany 53
7.3.2 UK 55
7.3.3 France 57
7.3.4 Rest of Europe 59
7.4 Asia Pacific 61
7.4.1 China 64
7.4.2 Japan 66
7.4.3 India 68
7.4.4 Southeast Asia 70
7.4.5 Rest of Asia Pacific 72
7.5 Latin America 74
7.5.1 Brazil 77
7.5.2 Rest of Latin America 79
7.5.3 Rest of World 81
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You can edit or delete your press release The Global Translation Software Market was valued at USD 4.75 billion in 2017 and is projected to reach USD 15.79 billion by 2025, growing at a CAGR of 16.2% from 2018 to 2025 TOP KEY PLAYERS ARE IBM, SDL, Lionbridge, Alchemy, MultiCorpora, Lingotek, MT@E here
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