Computer Assisted Translation Software Market Exploring Future Growth 2020 - 2030

Computer Assisted Translation Software Market: Introduction

- Computer assisted translation software, also known as CAT tool or software, is used by linguists and translators to translate a text into the language they require. Additionally, the translated text is saved into a database, which is known as Translation Memory (TM). Computer assisted translation software enables higher level of content translation in less time, as it breaks the content into small text segments.
- The COVID-19 outbreak has been a major challenge for the post-pandemic business environment. Governments of different countries across the world have imposed lockdowns to curb the spread of the disease. Hence, organizations or enterprises are using computer assisted translation software to enhance their productivity while maintaining high-quality translation services. Computer assisted translation software was extensively used by people due to remote working across both developed and developing countries during the pandemic outbreak. The COVID-19 outbreak increased the demand for computer assisted translation software, as it helped translators to enhance their skills and maintain consistency and authenticity within the data while working from home. This, in turn, is expected to boost the global computer assisted translation software market.

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Global Computer Assisted Translation Software Market: Market Dynamics

- The growing number of translation software provided by companies through the internet, and the increasing need for translation of web content and websites across organizations is expected to propel the computer assisted translation software market
- Growing focus of translation management systems (TMS) across small & medium and large enterprises that help to manage, automate, and translate content in efficient ways by using computer assisted translation software is estimated to accelerate the growth of the computer assisted translation software market during the forecast period.
- The growing popularity of audio and video translations is expected to trigger the growth of the computer assisted translation software market during the forecast period.
- Rising demand for cloud-based computer assisted translation software, is expected to trigger the growth of the market.
- The easy availability and access to cost-free translation software may restrain the growth of the computer assisted translation software market.

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Key Players Operating in the Global Computer Assisted Translation Software Market

Companies operating in the global computer assisted translation software market are increasingly investing in research and development activities to develop new and innovative techniques to provide computer assisted translation software. The global computer assisted translation software market is highly fragmented, with the presence of numerous providers in developed and developing regions.

Key players operating in the global computer assisted translation software market include:
Andovar Pte Ltd., Crowdin, Lessify.io, lingohub GmbH, Lokalise, Inc., MateCat, memoQ, Memsource, MotionPoint Corporation., Pairaphrase LLC, PoliLingua UK Ltd, SDL Limited, Smartcat Platform Inc., TOMEDES., Transifex, ZELENKA Czech Republic s.r.o

Global Computer Assisted Translation Software Market: Research Scope

Global Computer Assisted Translation Software Market Segmentation, by Deployment

- On-premise
- Cloud

Global Computer Assisted Translation Software Market Segmentation, by Enterprise Size

- Small & Medium Enterprise
- Large Enterprise

Alternative Keywords:

- CAT tool
- Software Translation Tool
- Computer Assisted Translation Software

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

North America
Asia Pacific
Europe
Latin America
The Middle East and Africa

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