Language Translation Software Market - Global Outlook and Forecast 2022-2028

January 2022 | 65 pages | ID: L6460F6C37B8EN
Market Monitor Global

Abstracts

Language translation software interprets the source text in a specific language. It includes a wide range of language services such as translation, localization, interpretation, transcription, and others. Increasing urbanization has resulted in an increased need to provide content that is relevant to the local market. LanguageLine Solutions, Global Linguist Solutions, LLC, and Babylon Corporation are some of the key players in the language translation software market.

The growing need for businesses to communicate with customers, employees, and officials in the target market increases the demand for translation software in order to overcome language barriers. The presence of free language translators is expected to restrict the market growth. However, increasing proliferation of the Internet in non-English speaking countries such as South America, Spain, Russia, and Brazil provides ample growth opportunities owing to the need for localized websites.

This report contains market size and forecasts of Language Translation Software in Global, including the following market information:

Global Language Translation Software Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Language Translation Software market was valued at 13340 million in 2021 and is projected to reach US$ 22230 million by 2028, at a CAGR of 7.6% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Rule-Based Machine Translation Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Language Translation Software include Bigword Group Ltd, Lionbridge, LanguageLine Solutions, Global Linguist Solutions, Babylon Corporation, Google Inc, IBM Corporation, Microsoft Inc. Systran and Cloudwords Inc. etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Language Translation Software companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Language Translation Software Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Language Translation Software Market Segment Percentages, by Type, 2021 (%)

• Rule-Based Machine Translation
• Statistical-Based Machine Translation
• Hybrid Machine Translation
• Others

Global Language Translation Software Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Language Translation Software Market Segment Percentages, by Application, 2021 (%)

• Banking Financial Services and Insurance
• Healthcare
• Manufacturing
• Government
• IT & Telecom
• Education
• Others

Global Language Translation Software Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Language Translation Software Market Segment Percentages, By Region and Country, 2021 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Language Translation Software revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Language Translation Software revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

• Bigword Group Ltd
• Lionbridge
• LanguageLine Solutions
• Global Linguist Solutions
• Babylon Corporation
• Google Inc
• IBM Corporation
• Microsoft Inc. Systran
• Cloudwords Inc

Contents

1 INTRODUCTION TO RESEARCH & ANALYSIS REPORTS

1.1 Language Translation Software Market Definition
1.2 Market Segments
  1.2.1 Market by Type
  1.2.2 Market by Application
1.3 Global Language Translation Software Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
  1.5.1 Research Methodology
  1.5.2 Research Process
  1.5.3 Base Year
  1.5.4 Report Assumptions & Caveats

2 GLOBAL LANGUAGE TRANSLATION SOFTWARE OVERALL MARKET SIZE

2.1 Global Language Translation Software Market Size: 2021 VS 2028
2.2 Global Language Translation Software Market Size, Prospects & Forecasts: 2017-2028
2.3 Key Market Trends, Opportunity, Drivers and Restraints
  2.3.1 Market Opportunities & Trends
  2.3.2 Market Drivers
  2.3.3 Market Restraints

3 COMPANY LANDSCAPE

3.1 Top Language Translation Software Players in Global Market
3.2 Top Global Language Translation Software Companies Ranked by Revenue
3.3 Global Language Translation Software Revenue by Companies
3.4 Top 3 and Top 5 Language Translation Software Companies in Global Market, by Revenue in 2021
3.5 Global Companies Language Translation Software Product Type
3.6 Tier 1, Tier 2 and Tier 3 Language Translation Software Players in Global Market
  3.6.1 List of Global Tier 1 Language Translation Software Companies
  3.6.2 List of Global Tier 2 and Tier 3 Language Translation Software Companies

4 MARKET SIGHTS BY PRODUCT

4.1 Overview
  4.1.1 by Type - Global Language Translation Software Market Size Markets, 2021 & 2028
  4.1.2 Rule-Based Machine Translation
  4.1.3 Statistical-Based Machine Translation
  4.1.4 Hybrid Machine Translation
  4.1.5 Others
4.2 By Type - Global Language Translation Software Revenue & Forecasts
  4.2.1 By Type - Global Language Translation Software Revenue, 2017-2022
  4.2.2 By Type - Global Language Translation Software Revenue, 2023-2028
  4.2.3 By Type - Global Language Translation Software Revenue Market Share, 2017-2028

5 SIGHTS BY APPLICATION

5.1 Overview
  5.1.1 By Application - Global Language Translation Software Market Size, 2021 & 2028
  5.1.2 Banking Financial Services and Insurance
  5.1.3 Healthcare
  5.1.4 Manufacturing
  5.1.5 Government
  5.1.6 IT & Telecom
  5.1.7 Education
  5.1.8 Others
5.2 By Application - Global Language Translation Software Revenue & Forecasts
  5.2.1 By Application - Global Language Translation Software Revenue, 2017-2022
  5.2.2 By Application - Global Language Translation Software Revenue, 2023-2028
  5.2.3 By Application - Global Language Translation Software Revenue Market Share, 2017-2028

6 SIGHTS BY REGION

6.1 By Region - Global Language Translation Software Market Size, 2021 & 2028
6.2 By Region - Global Language Translation Software Revenue & Forecasts
  6.2.1 By Region - Global Language Translation Software Revenue, 2017-2022
  6.2.2 By Region - Global Language Translation Software Revenue, 2023-2028
  6.2.3 By Region - Global Language Translation Software Revenue Market Share, 2017-2028
6.3 North America
  6.3.1 By Country - North America Language Translation Software Revenue, 2017-2028
  6.3.2 US Language Translation Software Market Size, 2017-2028
  6.3.3 Canada Language Translation Software Market Size, 2017-2028
  6.3.4 Mexico Language Translation Software Market Size, 2017-2028
6.4 Europe
  6.4.1 By Country - Europe Language Translation Software Revenue, 2017-2028
  6.4.2 Germany Language Translation Software Market Size, 2017-2028
  6.4.3 France Language Translation Software Market Size, 2017-2028
  6.4.4 U.K. Language Translation Software Market Size, 2017-2028
  6.4.5 Italy Language Translation Software Market Size, 2017-2028
  6.4.6 Russia Language Translation Software Market Size, 2017-2028
  6.4.7 Nordic Countries Language Translation Software Market Size, 2017-2028
  6.4.8 Benelux Language Translation Software Market Size, 2017-2028
6.5 Asia
  6.5.1 By Region - Asia Language Translation Software Revenue, 2017-2028
  6.5.2 China Language Translation Software Market Size, 2017-2028
  6.5.3 Japan Language Translation Software Market Size, 2017-2028
  6.5.4 South Korea Language Translation Software Market Size, 2017-2028
  6.5.5 Southeast Asia Language Translation Software Market Size, 2017-2028
  6.5.6 India Language Translation Software Market Size, 2017-2028
6.6 South America
  6.6.1 By Country - South America Language Translation Software Revenue, 2017-2028
  6.6.2 Brazil Language Translation Software Market Size, 2017-2028
  6.6.3 Argentina Language Translation Software Market Size, 2017-2028
6.7 Middle East & Africa
  6.7.1 By Country - Middle East & Africa Language Translation Software Revenue, 2017-2028
  6.7.2 Turkey Language Translation Software Market Size, 2017-2028
  6.7.3 Israel Language Translation Software Market Size, 2017-2028
  6.7.4 Saudi Arabia Language Translation Software Market Size, 2017-2028
  6.7.5 UAE Language Translation Software Market Size, 2017-2028

7 PLAYERS PROFILES

7.1 Bigword Group Ltd
  7.1.1 Bigword Group Ltd Corporate Summary
  7.1.2 Bigword Group Ltd Business Overview
  7.1.3 Bigword Group Ltd Language Translation Software Major Product Offerings
  7.1.4 Bigword Group Ltd Language Translation Software Revenue in Global Market (2017-2022)
  7.1.5 Bigword Group Ltd Key News
7.2 Lionbridge
  7.2.1 Lionbridge Corporate Summary
  7.2.2 Lionbridge Business Overview
  7.2.3 Lionbridge Language Translation Software Major Product Offerings
  7.2.4 Lionbridge Language Translation Software Revenue in Global Market (2017-2022)
  7.2.5 Lionbridge Key News
7.3 LanguageLine Solutions
  7.3.1 LanguageLine Solutions Corporate Summary
  7.3.2 LanguageLine Solutions Business Overview
  7.3.3 LanguageLine Solutions Language Translation Software Major Product Offerings
  7.3.4 LanguageLine Solutions Language Translation Software Revenue in Global Market (2017-2022)
  7.3.5 LanguageLine Solutions Key News
7.4 Global Linguist Solutions
  7.4.1 Global Linguist Solutions Corporate Summary
  7.4.2 Global Linguist Solutions Business Overview
  7.4.3 Global Linguist Solutions Language Translation Software Major Product Offerings
  7.4.4 Global Linguist Solutions Language Translation Software Revenue in Global Market (2017-2022)
  7.4.5 Global Linguist Solutions Key News
7.5 Babylon Corporation
  7.5.1 Babylon Corporation Corporate Summary
  7.5.2 Babylon Corporation Business Overview
  7.5.3 Babylon Corporation Language Translation Software Major Product Offerings
  7.5.4 Babylon Corporation Language Translation Software Revenue in Global Market (2017-2022)
  7.5.5 Babylon Corporation Key News
7.6 Google Inc
  7.6.1 Google Inc Corporate Summary
  7.6.2 Google Inc Business Overview
  7.6.3 Google Inc Language Translation Software Major Product Offerings
  7.6.4 Google Inc Language Translation Software Revenue in Global Market (2017-2022)
  7.6.5 Google Inc Key News
7.7 IBM Corporation
  7.7.1 IBM Corporation Corporate Summary
  7.7.2 IBM Corporation Business Overview
  7.7.3 IBM Corporation Language Translation Software Major Product Offerings
  7.7.4 IBM Corporation Language Translation Software Revenue in Global Market (2017-2022)
  7.7.5 IBM Corporation Key News
7.8 Microsoft Inc. Systran
  7.8.1 Microsoft Inc. Systran Corporate Summary
  7.8.2 Microsoft Inc. Systran Business Overview
  7.8.3 Microsoft Inc. Systran Language Translation Software Major Product Offerings
  7.8.4 Microsoft Inc. Systran Language Translation Software Revenue in Global Market (2017-2022)
  7.8.5 Microsoft Inc. Systran Key News
7.9 Cloudwords Inc
  7.9.1 Cloudwords Inc Corporate Summary
  7.9.2 Cloudwords Inc Business Overview
  7.9.3 Cloudwords Inc Language Translation Software Major Product Offerings
  7.9.4 Cloudwords Inc Language Translation Software Revenue in Global Market (2017-2022)
  7.9.5 Cloudwords Inc Key News

8 CONCLUSION

9 APPENDIX

9.1 Note
9.2 Examples of Clients
9.3 Disclaimer

List Of Tables

LIST OF TABLES

Table 1. Language Translation Software Market Opportunities & Trends in Global Market
Table 2. Language Translation Software Market Drivers in Global Market
Table 3. Language Translation Software Market Restraints in Global Market
Table 4. Key Players of Language Translation Software in Global Market
Table 5. Top Language Translation Software Players in Global Market, Ranking by Revenue (2021)
Table 6. Global Language Translation Software Revenue by Companies, (US$, Mn), 2017-2022
Table 7. Global Language Translation Software Revenue Share by Companies, 2017-2022
Table 8. Global Companies Language Translation Software Product Type
Table 9. List of Global Tier 1 Language Translation Software Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Language Translation Software Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 11. By Type – Global Language Translation Software Revenue, (US$, Mn), 2021 & 2028
Table 12. By Type - Language Translation Software Revenue in Global (US$, Mn), 2017-2022
Table 13. By Type - Language Translation Software Revenue in Global (US$, Mn), 2023-2028
Table 14. By Application – Global Language Translation Software Revenue, (US$, Mn), 2021 & 2028
Table 15. By Application - Language Translation Software Revenue in Global (US$, Mn), 2017-2022
Table 16. By Application - Language Translation Software Revenue in Global (US$, Mn), 2023-2028
Table 17. By Region – Global Language Translation Software Revenue, (US$, Mn), 2021 & 2028
Table 18. By Region - Global Language Translation Software Revenue (US$, Mn), 2017-2022
Table 19. By Region - Global Language Translation Software Revenue (US$, Mn), 2023-2028
Table 20. By Country - North America Language Translation Software Revenue, (US$, Mn), 2017-2022
Table 21. By Country - North America Language Translation Software Revenue, (US$, Mn), 2023-2028
Table 22. By Country - Europe Language Translation Software Revenue, (US$, Mn), 2017-2022
Table 23. By Country - Europe Language Translation Software Revenue, (US$, Mn), 2023-2028
Table 24. By Region - Asia Language Translation Software Revenue, (US$, Mn), 2017-2022
Table 25. By Region - Asia Language Translation Software Revenue, (US$, Mn), 2023-2028
Table 26. By Country - South America Language Translation Software Revenue, (US$, Mn), 2017-2022
Table 27. By Country - South America Language Translation Software Revenue, (US$, Mn), 2023-2028
Table 28. By Country - Middle East & Africa Language Translation Software Revenue, (US$, Mn), 2017-2022
Table 29. By Country - Middle East & Africa Language Translation Software Revenue, (US$, Mn), 2023-2028
Table 30. Bigword Group Ltd Corporate Summary
Table 31. Bigword Group Ltd Language Translation Software Product Offerings
Table 32. Bigword Group Ltd Language Translation Software Revenue (US$, Mn), (2017-2022)
Table 33. Lionbridge Corporate Summary
Table 34. Lionbridge Language Translation Software Product Offerings
Table 35. Lionbridge Language Translation Software Revenue (US$, Mn), (2017-2022)
Table 36. LanguageLine Solutions Corporate Summary
Table 37. LanguageLine Solutions Language Translation Software Product Offerings
Table 38. LanguageLine Solutions Language Translation Software Revenue (US$, Mn), (2017-2022)
Table 39. Global Linguist Solutions Corporate Summary
Table 40. Global Linguist Solutions Language Translation Software Product Offerings
Table 41. Global Linguist Solutions Language Translation Software Revenue (US$, Mn), (2017-2022)
Table 42. Babylon Corporation Corporate Summary
Table 43. Babylon Corporation Language Translation Software Product Offerings
Table 44. Babylon Corporation Language Translation Software Revenue (US$, Mn), (2017-2022)
Table 45. Google Inc Corporate Summary
Table 46. Google Inc Language Translation Software Product Offerings
Table 47. Google Inc Language Translation Software Revenue (US$, Mn), (2017-2022)
Table 48. IBM Corporation Corporate Summary
Table 49. IBM Corporation Language Translation Software Product Offerings
Table 50. IBM Corporation Language Translation Software Revenue (US$, Mn), (2017-2022)
Table 51. Microsoft Inc. Systran Corporate Summary
Table 52. Microsoft Inc. Systran Language Translation Software Product Offerings
Table 53. Microsoft Inc. Systran Language Translation Software Revenue (US$, Mn), (2017-2022)
Table 54. Cloudwords Inc Corporate Summary
Table 55. Cloudwords Inc Language Translation Software Product Offerings
Table 56. Cloudwords Inc Language Translation Software Revenue (US$, Mn), (2017-2022)

List Of Figures

LIST OF FIGURES

Figure 1. Language Translation Software Segment by Type in 2021
Figure 2. Language Translation Software Segment by Application in 2021
Figure 3. Global Language Translation Software Market Overview: 2020
Figure 4. Key Caveats
Figure 5. Global Language Translation Software Market Size: 2021 VS 2028 (US$, Mn)
Figure 6. Global Language Translation Software Revenue, 2017-2028 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Language Translation Software Revenue in 2021
Figure 8. By Type - Global Language Translation Software Revenue Market Share, 2017-2028
Figure 9. By Application - Global Language Translation Software Revenue Market Share, 2017-2028
Figure 10. By Region - Global Language Translation Software Revenue Market Share, 2017-2028
Figure 11. By Country - North America Language Translation Software Revenue Market Share, 2017-2028
Figure 12. US Language Translation Software Revenue, (US$, Mn), 2017-2028
Figure 13. Canada Language Translation Software Revenue, (US$, Mn), 2017-2028
Figure 14. Mexico Language Translation Software Revenue, (US$, Mn), 2017-2028
Figure 15. By Country - Europe Language Translation Software Revenue Market Share, 2017-2028
Figure 16. Germany Language Translation Software Revenue, (US$, Mn), 2017-2028
Figure 17. France Language Translation Software Revenue, (US$, Mn), 2017-2028
Figure 18. U.K. Language Translation Software Revenue, (US$, Mn), 2017-2028
Figure 19. Italy Language Translation Software Revenue, (US$, Mn), 2017-2028
Figure 20. Russia Language Translation Software Revenue, (US$, Mn), 2017-2028
Figure 21. Nordic Countries Language Translation Software Revenue, (US$, Mn), 2017-2028
Figure 22. Benelux Language Translation Software Revenue, (US$, Mn), 2017-2028
Figure 23. By Region - Asia Language Translation Software Revenue Market Share, 2017-2028
Figure 24. China Language Translation Software Revenue, (US$, Mn), 2017-2028
Figure 25. Japan Language Translation Software Revenue, (US$, Mn), 2017-2028
Figure 26. South Korea Language Translation Software Revenue, (US$, Mn), 2017-2028
Figure 27. Southeast Asia Language Translation Software Revenue, (US$, Mn), 2017-2028
Figure 28. India Language Translation Software Revenue, (US$, Mn), 2017-2028
Figure 29. By Country - South America Language Translation Software Revenue Market Share, 2017-2028
Figure 30. Brazil Language Translation Software Revenue, (US$, Mn), 2017-2028
Figure 31. Argentina Language Translation Software Revenue, (US$, Mn), 2017-2028
Figure 32. By Country - Middle East & Africa Language Translation Software Revenue Market Share, 2017-2028
Figure 33. Turkey Language Translation Software Revenue, (US$, Mn), 2017-2028
Figure 34. Israel Language Translation Software Revenue, (US$, Mn), 2017-2028
Figure 35. Saudi Arabia Language Translation Software Revenue, (US$, Mn), 2017-2028
Figure 36. UAE Language Translation Software Revenue, (US$, Mn), 2017-2028
Figure 37. Bigword Group Ltd Language Translation Software Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 38. Lionbridge Language Translation Software Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 39. LanguageLine Solutions Language Translation Software Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 40. Global Linguist Solutions Language Translation Software Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 41. Babylon Corporation Language Translation Software Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 42. Google Inc Language Translation Software Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 43. IBM Corporation Language Translation Software Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 44. Microsoft Inc. Systran Language Translation Software Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 45. Cloudwords Inc Language Translation Software Revenue Year Over Year Growth (US$, Mn) & (2017-2022)