Global Language Translation Software Market Size Study & Forecast, by Component, by Solution Type, by Enterprise Size, by Industry Vertical and Regional Analysis, 2023-2030

Description

List of Tables

Global Language Translation Software Market is valued at approximately USD 10.91 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 17.3% over the forecast period 2023-2030. Translation software refers to any computer program that aids individuals in converting content from one language to another. It encompasses a range of tools, features, and resources that streamline the entire translation process, facilitating the production of accurate and top-notch translations. Effective translation software typically integrates project management, data analysis and reporting, and content delivery, providing a centralized solution for all translation-related tasks. Moreover, the growth of the language translation software market is being propelled by significant factors such as the rise of e-commerce platforms, increasing demand for localization and the surge in government investments.

The proliferation of smartphones worldwide is a key driver for the growth of the language translation software market. According to Statista, the global number of smartphone users is projected to experience consistent growth from 2023 to 2028, with an estimated increase of 910.3 million users (+17.33 percent). This trend signifies the fifth consecutive year of growth and is expected to result in a record high of 6.2 billion smartphone users by 2028. Importantly, the number of smartphone users has been steadily rising in recent years, indicating a continuous rise in global smartphone adoption. Additionally, rapid expansion due to the growing demand for content localization and the increasing requirements for business communication are the factors expected to create abundant opportunities for the market to expand further anticipated period. However, the growth of the language translation software market is hindered by the availability of alternative tools and the accessibility of free language translators as well as the concerns related to data privacy and security.

The key regions considered for the Global Language Translation Software Market study include: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of a strong industrial base, government initiatives promoting innovation, high demand for high-quality translation services, and the significant purchasing power in the U.S. Asia Pacific is expected to fastest growing during the forecast period, companies in the region are actively developing new technological advancements, such as AI-enabled translators, to enhance the translation process. These factors are expected to drive the expansion of the market significantly in the forecasted period.

Major market players included in this report are:

Inriver
Alphabet Inc
LanguageLine Solutions
Apptek, Inc.
Lingotek
Babylon Software Ltd.
International Business Machines Corporation
Microsoft Corporation
Acolad Group
Global Linguist Solutions LLC

Recent Developments in the Market:

In December 2022, Process9, a prominent language technology company in India, launched the latest edition of its cloud-based neural machine translation technology called MoxWave. This innovative software-as-a-service (SaaS) product is developed in India and offers the capability to translate content into 13 Indian languages, including the popular combination of Hindi and English known as Hinglish. The company is continuously expanding the range of languages supported by the product, encompassing both Indian and global languages.
In April 2023, AXL EdTech is developing a new product named "Merlin," a proprietary translation software designed for e-learning courses. It utilizes an AI avatar that translates videos, replicating the original speaker's voice timbre and lip movements for a hyper-realistic translation experience. Merlin adapt to any language and is able to automatically translate lessons uploaded to the AXL platform into 50 different languages.

Global Language Translation Software Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Component, Solution Type, Enterprise Size, Industry Vertical, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:

Solution
Services

By Solution Type:

Rule-Based Machine Translation
Statistical Based Machine Translation
Hybrid Machine Translation

By Enterprise Size:

Large Enterprises
SMEs

By Industry Vertical:

IT and Telecom
Healthcare
Manufacturing
BFSI
Education
Travel and Tourism
Others

By Region:

North America

U.S.
Canada

Europe

UK
Germany
France
Spain
Italy
ROE

Asia Pacific

China
India
Japan
Australia
South Korea
RoAPAC

Latin America

Brazil
Mexico

Middle East & Africa

Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Language Translation Software Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Language Translation Software Market, by Component, 2020-2030 (USD Billion)
- 1.2.3. Language Translation Software Market, by Solution Type, 2020-2030 (USD Billion)
- 1.2.4. Language Translation Software Market, by Enterprise Size, 2020-2030 (USD Billion)
- 1.2.5. Language Translation Software Market, by Industry Vertical, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Language Translation Software Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Language Translation Software Market Dynamics

3.1. Language Translation Software Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing penetration of smartphones
  - 3.1.1.2. Surge in the government investments
- 3.1.2. Market Challenges
  - 3.1.2.1. Concerns related to data privacy and security
  - 3.1.2.2. Availability of alternative tools
- 3.1.3. Market Opportunities
  - 3.1.3.1. Growing demand for content localization
  - 3.1.3.2. Increasing requirements for business communication

Chapter 4. Global Language Translation Software Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Language Translation Software Market, by Component

5.1. Market Snapshot
5.2. Global Language Translation Software Market by Component, Performance - Potential Analysis
5.3. Global Language Translation Software Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
5.4. Language Translation Software Market, Sub Segment Analysis
- 5.4.1. Solution
- 5.4.2. Services

Chapter 6. Global Language Translation Software Market, by Solution Type

6.1. Market Snapshot
6.2. Global Language Translation Software Market by Solution Type, Performance - Potential Analysis
6.3. Global Language Translation Software Market Estimates & Forecasts by Solution Type 2020-2030 (USD Billion)
6.4. Language Translation Software Market, Sub Segment Analysis
- 6.4.1. Rule-Based Machine Translation
- 6.4.2. Statistical Based Machine Translation
- 6.4.3. Hybrid Machine Translation

Chapter 7. Global Language Translation Software Market, by Enterprise Size

7.1. Market Snapshot
7.2. Global Language Translation Software Market by Enterprise Size, Performance - Potential Analysis
7.3. Global Language Translation Software Market Estimates & Forecasts by Enterprise Size 2020-2030 (USD Billion)
7.4. Language Translation Software Market, Sub Segment Analysis
- 7.4.1. Large Enterprises
- 7.4.2. SMEs

Chapter 8. Global Language Translation Software Market, by Industry Vertical

8.1. Market Snapshot
8.2. Global Language Translation Software Market by Industry Vertical, Performance - Potential Analysis
8.3. Global Language Translation Software Market Estimates & Forecasts by Industry Vertical 2020-2030 (USD Billion)
8.4. Language Translation Software Market, Sub Segment Analysis
- 8.4.1. IT and Telecom
- 8.4.2. Healthcare
- 8.4.3. Manufacturing
- 8.4.4. BFSI
- 8.4.5. Education
- 8.4.6. Travel and Tourism
- 8.4.7. Others

Chapter 9. Global Language Translation Software Market, Regional Analysis

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Language Translation Software Market, Regional Market Snapshot
9.4. North America Language Translation Software Market
- 9.4.1. U.S. Language Translation Software Market
  - 9.4.1.1. Component breakdown estimates & forecasts, 2020-2030
  - 9.4.1.2. Solution Type breakdown estimates & forecasts, 2020-2030
  - 9.4.1.3. Enterprise Size breakdown estimates & forecasts, 2020-2030
  - 9.4.1.4. Industry Vertical breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Language Translation Software Market
9.5. Europe Language Translation Software Market Snapshot
- 9.5.1. U.K. Language Translation Software Market
- 9.5.2. Germany Language Translation Software Market
- 9.5.3. France Language Translation Software Market
- 9.5.4. Spain Language Translation Software Market
- 9.5.5. Italy Language Translation Software Market
- 9.5.6. Rest of Europe Language Translation Software Market
9.6. Asia-Pacific Language Translation Software Market Snapshot
- 9.6.1. China Language Translation Software Market
- 9.6.2. India Language Translation Software Market
- 9.6.3. Japan Language Translation Software Market
- 9.6.4. Australia Language Translation Software Market
- 9.6.5. South Korea Language Translation Software Market
- 9.6.6. Rest of Asia Pacific Language Translation Software Market
9.7. Latin America Language Translation Software Market Snapshot
- 9.7.1. Brazil Language Translation Software Market
- 9.7.2. Mexico Language Translation Software Market
9.8. Middle East & Africa Language Translation Software Market
- 9.8.1. Saudi Arabia Language Translation Software Market
- 9.8.2. South Africa Language Translation Software Market
- 9.8.3. Rest of Middle East & Africa Language Translation Software Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. Inriver
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Recent Developments
- 10.3.2. Alphabet Inc
- 10.3.3. LanguageLine Solutions
- 10.3.4. Apptek, Inc.
- 10.3.5. Lingotek
- 10.3.6. Babylon Software Ltd.
- 10.3.7. International Business Machines Corporation
- 10.3.8. Microsoft Corporation
- 10.3.9. Acolad Group
- 10.3.10. Global Linguist Solutions LLC

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Language Translation Software Market, report scope
TABLE 2. Global Language Translation Software Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Language Translation Software Market estimates & forecasts by Component 2020-2030 (USD Billion)
TABLE 4. Global Language Translation Software Market estimates & forecasts by Solution Type 2020-2030 (USD Billion)
TABLE 5. Global Language Translation Software Market estimates & forecasts by Enterprise Size 2020-2030 (USD Billion)
TABLE 6. Global Language Translation Software Market estimates & forecasts by Industry Vertical 2020-2030 (USD Billion)
TABLE 7. Global Language Translation Software Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Language Translation Software Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Language Translation Software Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Language Translation Software Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Language Translation Software Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Language Translation Software Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Language Translation Software Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Language Translation Software Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Language Translation Software Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Language Translation Software Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Language Translation Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. U.S. Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Language Translation Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. Canada Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Language Translation Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. UK Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Language Translation Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. Germany Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Language Translation Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. France Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. France Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Language Translation Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. Italy Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Italy Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Language Translation Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. Spain Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Spain Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Language Translation Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. RoE Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoE Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Language Translation Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. China Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Language Translation Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. India Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Language Translation Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. Japan Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Language Translation Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. South Korea Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Language Translation Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. Australia Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Language Translation Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. RoAPAC Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPAC Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Language Translation Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. Brazil Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Language Translation Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. Mexico Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Language Translation Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. RoLA Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLA Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. Saudi Arabia Language Translation Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69. South Africa Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. RoMEA Language Translation Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global Language Translation Software Market
TABLE 72. List of primary sources, used in the study of global Language Translation Software Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered

List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Language Translation Software Market, research methodology
FIG 2. Global Language Translation Software Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Language Translation Software Market, key trends 2022
FIG 5. Global Language Translation Software Market, growth prospects 2023-2030
FIG 6. Global Language Translation Software Market, porters 5 force model
FIG 7. Global Language Translation Software Market, pest analysis
FIG 8. Global Language Translation Software Market, value chain analysis
FIG 9. Global Language Translation Software Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Language Translation Software Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Language Translation Software Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Language Translation Software Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Language Translation Software Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Language Translation Software Market, regional snapshot 2020 & 2030
FIG 15. North America Language Translation Software Market 2020 & 2030 (USD Billion)
FIG 16. Europe Language Translation Software Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Language Translation Software Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Language Translation Software Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Language Translation Software Market 2020 & 2030 (USD Billion)