Market Overview:
The global translation software market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for translation software from various end-user segments, such as companies, freelancers, organisations and institutions, universities and others. Additionally, the growing trend of cloud-based deployment is also contributing towards the growth of this market. However, lack of awareness about translation software among end-users is restraining the growth of this market to some extent.
Product Definition:
translation software is a computer program that helps users translate text from one language to another. Translation software is important because it allows people to communicate with others who speak different languages.
Web-based:
The global web-based, it's usage and growth factor in the translation software market size was valued at USD 1.1 billion in 2015. The industry is expected to witness significant growth over the forecast period owing to factors such as low cost of ownership, easy accessibility from any location, and real-time language conversion capabilities offered by these systems.
These solutions are gaining popularity among small & medium enterprises due to their affordable pricing models and ease of use features offered by them.
On-premise:
On-premise is a term used for software installed on the end user's computer, which can be owned by an individual or agency. The software is installed and run from the end user’s premises. It may also be referred to as “homegrown” software, where the source code is developed and maintained by an organization or company rather than being proprietary (copyrighted) to a vendor.
Application Insights:
Companies, freelancers, and organizations were the major application segments in 2017. Companies are adopting global translation software to manage their communication across different departments and regions. The growing importance of multilingual communication skills has propelled the demand for global translation software among companies. Freelancers and individuals can also use these platforms to translate content or communicate with clients or teammates who speak a different language. Global translation tools offer flexibility in scheduling translations as well as revision history for each translated document which is expected to drive their adoption among freelancers and individuals over the forecast period.
The universities segment is expected to register significant growth over the forecast period owing to increasing government initiatives towards higher education degrees at bachelor¢â‚¬â„¢s level in various languages globally including English, Chinese, Spanish, Portuguese etcetera.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to the presence of a large number of translation companies and outsourcing hubs in countries, such as the U.S., which has resulted in high demand for online tools among other industries. Asia Pacific is expected to witness significant growth over the forecast period owing to increasing demand from developing countries, such as China and India, thereby driving regional market growth. Moreover, rising investments by prominent players are anticipated to drive industry expansion across this region during the same period.
The European market also accounted for a considerable share owing to growing awareness about benefits offered by these software solutions coupled with increased spending power of consumers.
Growth Factors:
- Increasing demand for translation software from small and medium-sized businesses (SMBs) due to globalization.
- The increasing number of freelance translators and the need for translation software to manage multiple projects simultaneously.
- Rapid growth in the e-commerce sector, which is driving demand for translation software to facilitate cross-border transactions.
- Growing use of machine learning and artificial intelligence (AI) in translation software, which is improving accuracy and efficiency of translations.
Scope Of The Report
Report Attributes
Report Details
Report Title
Translation Software Market Research Report
By Type
Web-based, On-premise
By Application
Companies, Freelancers, Organisations and Institutions, Universities, Others
By Companies
Google Translate, Bing Translator, Baidu Translate, Tencent Translate, Youdao, Hjenglish, SDL Trados, Deja Vu X, Transmate, Urban Dictionary, Online Slang Dictionary, Word Spy, COCA, Sougou Translate
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Translation Software Market Report Segments:
The global Translation Software market is segmented on the basis of:
Types
Web-based, On-premise
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Companies, Freelancers, Organisations and Institutions, Universities, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Google Translate
- Bing Translator
- Baidu Translate
- Tencent Translate
- Youdao
- Hjenglish
- SDL Trados
- Deja Vu X
- Transmate
- Urban Dictionary
- Online Slang Dictionary
- Word Spy
- COCA
- Sougou Translate
Highlights of The Translation Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Web-based
- On-premise
- By Application:
- Companies
- Freelancers
- Organisations and Institutions
- Universities
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Translation Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Translation software is a computer program that helps translate text from one language to another.
Some of the major players in the translation software market are Google Translate, Bing Translator, Baidu Translate, Tencent Translate, Youdao, Hjenglish, SDL Trados, Deja Vu X, Transmate, Urban Dictionary, Online Slang Dictionary, Word Spy, COCA, Sougou Translate.
The translation software market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Translation Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Translation Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Translation Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Translation Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Translation Software Market Size & Forecast, 2018-2028
4.5.1 Translation Software Market Size and Y-o-Y Growth
4.5.2 Translation Software Market Absolute $ Opportunity
Chapter 5 Global Translation Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Translation Software Market Size Forecast by Type
5.2.1 Web-based
5.2.2 On-premise
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Translation Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Translation Software Market Size Forecast by Applications
6.2.1 Companies
6.2.2 Freelancers
6.2.3 Organisations and Institutions
6.2.4 Universities
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Translation Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Translation Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Translation Software Analysis and Forecast
9.1 Introduction
9.2 North America Translation Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Translation Software Market Size Forecast by Type
9.6.1 Web-based
9.6.2 On-premise
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Translation Software Market Size Forecast by Applications
9.10.1 Companies
9.10.2 Freelancers
9.10.3 Organisations and Institutions
9.10.4 Universities
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Translation Software Analysis and Forecast
10.1 Introduction
10.2 Europe Translation Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Translation Software Market Size Forecast by Type
10.6.1 Web-based
10.6.2 On-premise
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Translation Software Market Size Forecast by Applications
10.10.1 Companies
10.10.2 Freelancers
10.10.3 Organisations and Institutions
10.10.4 Universities
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Translation Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Translation Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Translation Software Market Size Forecast by Type
11.6.1 Web-based
11.6.2 On-premise
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Translation Software Market Size Forecast by Applications
11.10.1 Companies
11.10.2 Freelancers
11.10.3 Organisations and Institutions
11.10.4 Universities
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Translation Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Translation Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Translation Software Market Size Forecast by Type
12.6.1 Web-based
12.6.2 On-premise
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Translation Software Market Size Forecast by Applications
12.10.1 Companies
12.10.2 Freelancers
12.10.3 Organisations and Institutions
12.10.4 Universities
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Translation Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Translation Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Translation Software Market Size Forecast by Type
13.6.1 Web-based
13.6.2 On-premise
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Translation Software Market Size Forecast by Applications
13.10.1 Companies
13.10.2 Freelancers
13.10.3 Organisations and Institutions
13.10.4 Universities
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Translation Software Market: Competitive Dashboard
14.2 Global Translation Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Google Translate
14.3.2 Bing Translator
14.3.3 Baidu Translate
14.3.4 Tencent Translate
14.3.5 Youdao
14.3.6 Hjenglish
14.3.7 SDL Trados
14.3.8 Deja Vu X
14.3.9 Transmate
14.3.10 Urban Dictionary
14.3.11 Online Slang Dictionary
14.3.12 Word Spy
14.3.13 COCA
14.3.14 Sougou Translate
