Press release
Translation Management Software Market is Projected to Grow at a Robust CAGR of 17.2%, 2022-2030
Translation management software is leveraged by freelance translators and language service providers (LSPs) to organize translation and localization projects. Translation management solutions are often referred to as translation project management, though many tools provide more than just project management functionality. Translation management systems span the entire lifecycle of a translation text; from inputting the source text to distributing the finished target text, these products serve as a central translation hub for organizations to track and collaborate on translations.
Many translation management tools also provide built-in computer-assisted translation software and/or machine translation software features as well. These all-in-one solutions allow translators and translation services providers to plan and execute projects from a single solution. In this same vein, some translation management tools also provide features like billing and invoicing, client portals and client management, and resource management. Some translation management vendors will also provide professional translators as a service for clients with translation needs who aren't LSPs themselves.
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Global Translation Management Software Market Analysis
The report provides an analysis of the current trends and future estimations of the global Translation Management software market. The report also includes the drivers, restraints, opportunities, and challenges faced by the vendors operating in this market. In addition, the report analyzes the impact of these factors on the growth of the market over the forecast period. To evaluate the market size, the global market research report considers the revenue generated from the sales of Translation Management Software products. In addition, the market breakdown data for each component, deployment model, organization size, industry, and regional market is provided in the report.
The Translation Management Software market report thoroughly analyzes detailed macro-micro economic factors as well as segmental and regional market attractiveness. The report will include an in-depth quantitative and qualitative assessment of the segmental/regional market outlook considering the market players' presence in the respective region/country and segment. The finalized version of the research report also includes the conclusion and recommendation section specific to the buyer of the report.
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Translation Management Software Market Segmentation
Global Translation Management Software Market Segment Percentages, By Deployment Mode, 2021 (%)
On-premise
Cloud
Global Translation Management Software Market Segment Percentages, By Organization Size, 2021 (%)
Large Enterprises
Small and Medium Enterprises
Global Translation Management Software Market, By Region and Country, 2018-2021, 2022-2030 (US$ Millions)
Global Translation Management Software Market Segment Percentages, By Region and Country, 2021 (%)
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Italy, Spain, Russia, Switzerland, Poland, Belgium, the Netherlands, Norway, Sweden, Czech Republic, Slovakia, Slovenia, Rest of Europe)
Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Singapore, Australia & New Zealand, Rest of Asia Pacific)
South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
The Middle East & Africa (Saudi Arabia, UAE, South Africa, Egypt, Qatar, Northern Africa, Rest of MEA)
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Competitor Analysis of the Global Translation Management Software Market
The report also provides an analysis of leading market participants, including:
Key companies Translation Management Software revenues in the global market, 2018-2021 (Estimated), (US$ Millions)
Key companies Translation Management Software revenues market share in global market, 2021 (%)
Key companies Translation Management Software sold in the global market, 2018-2021 (Estimated)
Leading Translation Management Software Market Players -
Across Systems GmbH
Alphabet Inc.
International Business Machines Corp.
ICD Translation Inc.
Lingotek Inc.
Lionbridge Technologies LLC
Microsoft Corp.
Smartling Inc.
TextUnited GmbH
Welocalize Inc.
Translation Management Software Market Report Covers Comprehensive Analysis On:
Market Segmentation & Regional Analysis
Market Size of 10 years
Pricing Analysis
Supply & Demand Analysis
Product Life Cycle Analysis
Porter's Five Forces & Value/Supply Chain Analysis
Developed & Emerging Economies Analysis
PESTEL Analysis
Market and Forecast Factor Analysis
Market Opportunities, Risks, & Trends
Conclusion & Recommendation
Regulatory Landscape
Patent Analysis
Competition Landscape
15+ Company Profiles
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