Language Translation Software and Services: Market Research Report

January 2019 | 417 pages | ID: L6346CFFAE9EN
Global Industry Analysts, Inc

Abstracts

This report analyzes the worldwide markets for Language Translation Software and Services in US$ Million.

The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2016 through 2024.

Also, a five-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research.

Company profiles are primarily based on public domain information including company URLs. The report profiles 251 companies including many key and niche players such as -

• AMPLEXOR International S.A.
• AppTek
• Babylon Ltd.
• Google Inc.
• Global Linguist Solutions LLC
• International Business Machines Corporation

Contents

1. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations
Data Interpretation & Reporting Level
Quantitative Techniques & Analytics
Product Definitions and Scope of Study

2. INDUSTRY OVERVIEW

Translation Services Market Surges Ahead
Translation Industry – Dynamic as Ever
Increasing Focus on NMT
Demand for Continuous Content Creation and Delivery
Further Expansion of Video Translation Services
Apps for Translation
Neural Machine Translation Software for More Accurate Translations
AI and Statistical Machine Learning
Increasing Focus on Voice and Video Translation
Outlook
Neural Machine Translation Gains Momentum
US - The Single Largest Market
Developing Economies to Drive Growth
Stable Economic Outlook to Keep Market Sentiment Intact in the Immediate Term

Table 1. World Real GDP Growth Rates in % for the Years 2016 through 2019 for Select Countries (includes corresponding Graph/Chart)

Language Translation Software Market: An Insight
Computer-based Translation Systems: An Overview
Competitive Landscape in the Machine Translation Market
Online Translation Market Players Increase in Number
Special Translation – An Overview
Translation Industry during the Recession – A Retrospective Overview

3. MARKET DYNAMICS

Translation Technology to Enable Connected World
Translation Services to Create New Opportunities for Human Translators and Interpreters
The Automation Challenge for the Translation Industry
Translation Services Witnessing Broader Adoption across Organizations and Businesses
Video Translation
Dubbing, Subtitling and Voice-Over
Captioning
Translation Apps
Translation of E-learning Courses
Advancements in Translation Technology
Globalization Drives Demand
The Rise of Internet-based Business Operations Lends Traction to Market

Table 2. Number of Internet Users Worldwide (in Million) and Penetration per 100 Population for Years 2011 through 2017 (includes corresponding Graph/Chart)

Table 3. Top 20 Internet Countries: Ranked by Number of Internet Users (in Millions): 2017 (includes corresponding Graph/Chart)

Table 4. Global Internet Usage (2017): Percentage Share Breakdown of Number of Internet Users for Select Countries (includes corresponding Graph/Chart)

Table 5. Global Internet Users (2017): Percentage Breakdown of Users by Region (includes corresponding Graph/Chart)

Table 6. Global Internet Penetration (2017): Percentage Breakdown of Households with Internet Access by Region (includes corresponding Graph/Chart)

Table 7. Worldwide Internet Penetration Rates (%) by Region: 2017 (includes corresponding Graph/Chart)

Table 8. World Internet Usage (2017): Percentage Share Breakdown of Number of Users by Leading Languages (includes corresponding Graph/Chart)

Table 9. Global Web Content by Language: Percentage Share Breakdown of Content by Leading Languages (2017) (includes corresponding Graph/Chart)

Major Applications of Machine Learning in Translation Services
Machine Translation for Business Applications
Online or App Machine Learning Translations for Consumers
Machine Translation for Domain/ Industry Specific Machine Translation
Growing Emphasis on Web Localization
An Insight into Latest Localization and Translation Trends
Adaptive and Neural Machine Translations to Gain Momentum
Multilingual Digital Content Likely to Register Strong Demand
Video Content Demand to Rise
Interpretation Technology to Register Improvements
ISO Certifications Will Gain Importance
Learning New Languages Critical for Companies
Language Specific SEO Strategy Crucial
Subtitles Set to Replace Dubbing
More eLearning Courses to be Translated
Improved CAT Tools for Localization and Translation Emerge
Future of Translation - A Review
Focus on Speed and Cost Effectiveness Crucial
Automated Translation to Become Commonplace
Tools to Make Translation Easier and Faster
Use of Artificial Intelligence to Increase
Secure Cloud Environments to Gain Attention
Technological Advances to Fuel Growth in Language Technology
Technology for Translating Difficult Languages
Crowdsourcing Grows Stronger
Social Media Marketing to Lend Traction for Translation
Mobile Technology Promotes Machine Translation
Growing Smartphone Sales – A Business Case

Table 10. Top Ten Countries by Number of Smartphone Users (2017) (includes corresponding Graph/Chart)

Table 11. Smartphone Penetration Worldwide (as a Percentage of Total Population) for Major Countries: 2017 (includes corresponding Graph/Chart)

Table 12. Global Market for Smartphones (2012, 2014, 2016 & 2018P): Breakdown of Sales in Thousand Units (includes corresponding Graph/Chart)

Table 13. Global Smartphones Market (2016 & 2020P): Percentage Share Breakdown of Sales by Geographic Region (includes corresponding Graph/Chart)

Table 14. Top Mobile App Languages by Popularity: Percentage Share Breakdown of Most Used Language (2017) (includes corresponding Graph/Chart)

Table 15. LTE Penetration Rate (%) by Region (2017) (includes corresponding Graph/Chart)

Table 16. LTE Share of Total Cellular Subscribers by Region (2017) (includes corresponding Graph/Chart)

Hybrid Machine Translation Blends Statistics and Rules
Real Time Translation: Yet to Become a Reality
Cloud Based Services on the Rise
Human Translators - Still in Demand
Telepresence Propels Growth in Language Translation Market
Burgeoning Demand for Financial Translations Services
Localization in Medical Sector
Industry Faces Copyright Issues
Price - A Major Concern for Mid-Size Language Service Providers

4. TECHNOLOGICAL DEVELOPMENTS

Stepes Translation App
Linguee App and Website
Translation Memory
Google Translate
Facebook Translate
Skype Translate
KantanMT
Systran
SDL Government
Canopy Innovations - Healthcare
Lingua Custodia - Finance
ili
Pilot
iTranslate-Voice
Textgrabber 6 - A Device Capable of Image-to-Text Translation in the Real-Time

5. AN INSIGHT INTO LANGUAGE TRANSLATION INDUSTRY

Translation Service: An Introduction
Evolution of Language Translation Industry
Automated Translations - A Historic Preview
Industry Structure
Language Service Providers
Sought After Attributes in Translators
Translation Companies
Universities/ Language Schools
Freelance Translators
Free Online Translation Services
An Overview of Language Industry Services
Interpretation
Machine Translation
Machine Translation Software
Applications
Computer-Assisted Translation
Language Translation Software
Overview of Select Language Translation Software Solutions
Online Translations
Translation Memory
Translation Memory Software
Applications
Technical Translation
Mobile Translation
Standards and Regulations

6. COMPETITIVE LANDSCAPE

A Highly Competitive Industry
M&A Activity Increases
Leading Translation Software Solutions - A Review
GlobalLink
Pairaphrase
TextUnited
Phrase App
Lionbridge Translation Workspace
Other Offerings
Lokalize
Transifex
Crowdin
OneSky
MotionPoint
6.1 Focus on Select Players
AMPLEXOR International S. A. (Luxembourg)
AppTek (USA)
Babylon Ltd. (Israel)
Google Inc. (USA)
Global Linguist Solutions LLC (USA)
International Business Machines Corporation (IBM) (USA)
LanguageLine Solutions (USA)
Lionbridge Technologies Inc. (USA)
Manpower Group Solutions (USA)
RWS Group (UK)
Moravia IT a. s (Czech Republic)
SDL plc (UK)
STAR Group (Switzerland)
SYSTRAN S. A. (France)
thebigword Group Plc (UK)
TransPerfect Translations International Inc (USA)
Translations. com (USA)
Welocalize Inc. (USA)
Xerox Corporation (USA)
6.2 Product/Service Launches
Translations. com Introduces GlobalLink Connect for Contentful
China Ethnic Languages Translation Bureau Unveils new Apps and Software for Tibetan-Chinese Translation
TWB Unveils Glossary for Bangladesh with Five Languages
SDL Completes Development of Russian to English NMT
Google Unveils Offline Mode for 59 Languages in Translate App
SDL Introduces ETS 8. 0 Solution
SYSTRAN Launches SYSTRAN Pure Neural Server
Translations. com Unveils Latest GlobalLink Connect for Drupal 8 Solution
LEO and RWS Unveil Full-Service Digital Content Solution
Sogou Introduces Sogou Travel Translator and Sogou Smart Translation Recorder
StrikeTru and Unveils Akeneo2GlobalLink Connector
Stepes Introduces Enterprise Cloud Translations
AWS Launches NMT Service, Amazon Translate
Australia Post and LanguageLoop launch Translation Services at Post Offices
Stepes Introduces Rush Translation Services
SDL Announces Availability of SDL ETS on AWS Marketplace
Microsoft and Huawei Introduce Fully Neural on Device Translation
DeepL Launches New Online Translator
Moravia Launches Chinese Advertising Compliance Tool Spec Check
Baidu and Ctrip Introduce New Translation Service
ULG Unveils Updated OctaveMT Software
SDL Adds NMT Capability to SDL ETS 7.4
Morningside Translations Introduces Language Connect
AppTek Unveils New Generation Talk2Me Bi-directional Speech-to-Speech Translation Apps
Fujitsu Introduces LiveTalk
Google Unveils GNMT
Iconic Introduces eDiscovery Translation Solution
6.3 Recent Industry Activity
AMPLEXOR Bags Contract from Region 4 Education Service Center
AppTek Bags Mahine Translation Contract from US Army
Made-in-China. com Selects SDL ETS for Translation Services
SDL Acquires Donnelley Language Solutions
The Hut Group Acquires Language Connect
TransPerfect Acquires TranslateNow
Lionbridge Technologies Adds Amazon Translate to Localization Platform
SDL and Nuance Communications Enter into Strategic Partnership for AI based Translation Solutions
AMPLEXOR Teams up with DFKI to Develop Neural Translation Solution
Microsoft Achieves High Accuracy for Chinese to English Machine Translation
Semantix Takes Over Amesto Translations
thebigword Bags Translation Contract from NATO
thebigword Secures Patents for Translation Technologies
RWS Reorganizes Business Operations
Summa Linguae to Acquire Mayflower Language Services
Wolfestone Takes Over Robertson Languages International
RWS Holdings to Acquire Moravia
RWS Reorganizes and Rebrands Operations
Lionbridge Selected by Kreg Tool as Translation Provider
AMPLEXOR Acquires Sajan
TWB and TRF to Merge
Semantix Takes Over TextMinded
The Arancho Doc Group Takes Over Soget
ULG Acquires Lucy Software
Translations. com to Provide Translation Services for lastminute. com
Ubiqus and Eurosis Merge

7. GLOBAL MARKET PERSPECTIVE

Table 17. World Recent Past, Current & Future Analysis for Language Translation Software and Services by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World Markets Independently Analyzed with Annual Revenue Figures in US$ Million for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 18. World Historic Review for Language Translation Software and Services by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World Markets Independently Analyzed with Annual Revenue Figures in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 19. World 14-Year Perspective for Language Translation Software and Services by Geographic Region - Percentage Breakdown of Revenues for US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World Markets for Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)

8. REGIONAL MARKET PERSPECTIVE

8.1 The United States
A. Market Analysis
Current and Future Analysis
Economic Recovery Rekindles Demand for Language Services
Computers & Software: Widely Used Tools for Translation
Rising Demand for Translation from Medical Device Sector
Customization - The Future of Translation Solutions
B. Market Analytics

Table 20. US Recent Past, Current & Future Analysis for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 21. US Historic Review for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart)

8.2 Canada
A. Market Analysis
Current and Future Analysis
Overview
Canadian Translation Market - A New Employment Arena
B. Market Analytics

Table 22. Canadian Recent Past, Current & Future Analysis for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 23. Canadian Historic Review for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart)

8.3 Japan
A. Market Analysis
Current and Future Analysis
A Closed Economy Curtails Growth of Translation Services
B. Market Analytics

Table 24. Japanese Recent Past, Current & Future Analysis for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 25. Japanese Historic Review for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart)

8.4 Europe
A. Market Analysis
Current and Future Analysis
The Demographic Profile of Users Drives Market
Eastern Europe: Potential Opportunities for Translation Industry
Translation Industry & Energy Sector
Consolidation Poses Trouble for Individual and Small Service Providers
B. Market Analytics

Table 26. European Recent Past, Current & Future Analysis for Language Translation Software and Services by Geographic Region - France, Germany, Italy, UK, Spain, Russia, and Rest of Europe Markets Independently Analyzed with Annual Revenue Figures in US$ Million for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 27. European Historic Review for Language Translation Software and Services by Geographic Region - France, Germany, Italy, UK, Spain, Russia, and Rest of Europe Markets Independently Analyzed with Annual Revenue Figures in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 28. European 14-Year Perspective for Language Translation Software and Services by Geographic Region - Percentage Breakdown of Revenues for France, Germany, Italy, UK, Spain, Russia, and Rest of Europe Markets for Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)

  8.4.1 France
A. Market Analysis
Current and Future Analysis
French Language Translation Service Providers in Demand
B. Market Analytics

Table 29. French Recent Past, Current & Future Analysis for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 30. French Historic Review for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart)

  8.4.2 Germany
Market Analysis

Table 31. German Recent Past, Current & Future Analysis for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 32. German Historic Review for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart)

  8.4.3 Italy
Market Analysis

Table 33. Italian Recent Past, Current & Future Analysis for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 34. Italian Historic Review for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart)

  8.4.4 The United Kingdom
A. Market Analysis
Current and Future Analysis
Rising Demand for Welsh Translation Services
Global Financial Hub in London Provides Steady Opportunities
B. Market Analytics

Table 35. UK Recent Past, Current & Future Analysis for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 36. UK Historic Review for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart)

  8.4.5 Spain
A. Market Analysis
Current and Future Analysis
Overview
B. Market Analytics

Table 37. Spanish Recent Past, Current & Future Analysis for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 38. Spanish Historic Review for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart)

  8.4.6 Russia
Market Analysis

Table 39. Russian Recent Past, Current & Future Analysis for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 40. Russian Historic Review for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart)

  8.4.7 Rest of Europe
Market Analysis

Table 41. Rest of Europe Recent Past, Current & Future Analysis for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 42. Rest of Europe Historic Review for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart)

8.5 Asia-Pacific
Market Analysis

Table 43. Asia-Pacific Recent Past, Current & Future Analysis for Language Translation Software and Services by Geographic Region - China, India and Rest of Asia-Pacific Markets Independently Analyzed with Annual Revenue Figures in US$ Million for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 44. Asia-Pacific Historic Review for Language Translation Software and Services by Geographic Region - China, India and Rest of Asia-Pacific Markets Independently Analyzed with Annual Revenue Figures in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart)

Table 45. Asia-Pacific 14-Year Perspective for Language Translation Software and Services by Geographic Region - Percentage Breakdown of Revenues for China, India and Rest of Asia-Pacific Markets for Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)

  8.5.1 China
A. Market Analysis
Current and Future Analysis
New Tools for Translation Transform Industry Operations
Software for Translating Ethnic Languages
Localization Sector: Huge Opportunity
Challenges Facing the Industry
B. Market Analytics

Table 46. Chinese Recent Past, Current & Future Analysis for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 47. Chinese Historic Review for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart)

  8.5.2 India
A. Market Analysis
Current and Future Analysis
Indian Translation Industry Comes of Age
Indian Translation Market Gaining Momentum
Language Translation Sector Gains Impetus
A High Volume Low Cost Market
B. Market Analytics

Table 48. Indian Recent Past, Current & Future Analysis for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 49. Indian Historic Review for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart)

  8.5.3 Rest of Asia-Pacific
A. Market Analysis
Current and Future Analysis
Overview of Select Markets
South Korea
Declining Standards: A Cause of Concern in Translation Services Industry
Malaysia - Globalization Spurs Growth in Language Industry
B. Market Analytics

Table 50. Rest of Asia-Pacific Recent Past, Current & Future Analysis for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 51. Rest of Asia-Pacific Historic Review for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart)

8.6 Latin America
A. Market Analysis
Current and Future Analysis
Latin America: Continuous Growth of Language Services Industry
B. Market Analytics

Table 52. Latin American Recent Past, Current & Future Analysis for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 53. Latin American Historic Review for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart)

8.7 Rest of World
A. Market Analysis
Current and Future Analysis
Saudi Arabia: Translation Industry Witnesses Rapid Growth
B. Market Analytics

Table 54. Rest of World Recent Past, Current & Future Analysis for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2016 through 2024 (includes corresponding Graph/Chart)

Table 55. Rest of World Historic Review for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart)

9. COMPANY PROFILES

Total Companies Profiled: 251 (including Divisions/Subsidiaries - 264)
The United States (109)
Canada (5)
Japan (10)
Europe (105)
  France (6)
  Germany (15)
  The United Kingdom (22)
  Italy (4)
  Spain (7)
  Rest of Europe (51)
Asia-Pacific (Excluding Japan) (27)
Middle East (6)
Africa (2)