Language translation software and services include rules-based machine translation, statistical-based machine translation, and hybrid machine translation. Features of hybrid machine translation include key attributes of rule-based machine translation and statistical-based machine translation to achieve higher accuracy.
This report contains market size and forecasts of Language Translation Software & Services in Global, including the following market information:
- Global Language Translation Software & Services Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Language Translation Software & Services market was valued at 64230 million in 2021 and is projected to reach US$ 87060 million by 2028, at a CAGR of 4.4% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Rules-based Machine Translation Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Language Translation Software & Services include IBM, Microsoft, Google, Global Linguist Solutions, Systran, Lionbridge Technologies, Cloudwords, Babylon Software and Thebigword. etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Language Translation Software & Services 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 & Services Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Language Translation Software & Services Market Segment Percentages, by Type, 2021 (%)
- Rules-based Machine Translation
- Statistical-based Machine Translation
- Hybrid Machine Translation
Global Language Translation Software & Services Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Language Translation Software & Services Market Segment Percentages, by Application, 2021 (%)
- Commercial
- Educational
- Financial
- Military
- Other
Global Language Translation Software & Services Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Language Translation Software & Services 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 & Services revenues in global market, 2017-2022 (estimated), ($ millions)
- Key companies Language Translation Software & Services revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
- IBM
- Microsoft
- Google
- Global Linguist Solutions
- Systran
- Lionbridge Technologies
- Cloudwords
- Babylon Software
- Thebigword
