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Synopsis
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.
The global Language Translation Software market was valued at US$ 12970 million in 2023 and is anticipated to reach US$ 22820 million by 2030, witnessing a CAGR of 7.9% during the forecast period 2024-2030.
North American market for Language Translation Software is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Language Translation Software is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The global market for Language Translation Software in Banking Financial Services and Insurance is estimated to increase from $ million in 2023 to $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global companies 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 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Language Translation Software, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Language Translation Software.
Report Scope
The Language Translation Software market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Language Translation Software market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Language Translation Software companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Language Translation Software companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Language Translation Software Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Rule-Based Machine Translation
1.2.3 Statistical-Based Machine Translation
1.2.4 Hybrid Machine Translation
1.2.5 Others
1.3 Market by Application
1.3.1 Global Language Translation Software Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Banking Financial Services and Insurance
1.3.3 Healthcare
1.3.4 Manufacturing
1.3.5 Government
1.3.6 IT & Telecom
1.3.7 Education
1.3.8 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Language Translation Software Market Perspective (2019-2030)
2.2 Language Translation Software Growth Trends by Region
2.2.1 Global Language Translation Software Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Language Translation Software Historic Market Size by Region (2019-2024)
2.2.3 Language Translation Software Forecasted Market Size by Region (2025-2030)
2.3 Language Translation Software Market Dynamics
2.3.1 Language Translation Software Industry Trends
2.3.2 Language Translation Software Market Drivers
2.3.3 Language Translation Software Market Challenges
2.3.4 Language Translation Software Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Language Translation Software Players by Revenue
3.1.1 Global Top Language Translation Software Players by Revenue (2019-2024)
3.1.2 Global Language Translation Software Revenue Market Share by Players (2019-2024)
3.2 Global Language Translation Software Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Language Translation Software Revenue
3.4 Global Language Translation Software Market Concentration Ratio
3.4.1 Global Language Translation Software Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Language Translation Software Revenue in 2023
3.5 Language Translation Software Key Players Head office and Area Served
3.6 Key Players Language Translation Software Product Solution and Service
3.7 Date of Enter into Language Translation Software Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Language Translation Software Breakdown Data by Type
4.1 Global Language Translation Software Historic Market Size by Type (2019-2024)
4.2 Global Language Translation Software Forecasted Market Size by Type (2025-2030)
5 Language Translation Software Breakdown Data by Application
5.1 Global Language Translation Software Historic Market Size by Application (2019-2024)
5.2 Global Language Translation Software Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Language Translation Software Market Size (2019-2030)
6.2 North America Language Translation Software Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Language Translation Software Market Size by Country (2019-2024)
6.4 North America Language Translation Software Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Language Translation Software Market Size (2019-2030)
7.2 Europe Language Translation Software Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Language Translation Software Market Size by Country (2019-2024)
7.4 Europe Language Translation Software Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Language Translation Software Market Size (2019-2030)
8.2 Asia-Pacific Language Translation Software Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Language Translation Software Market Size by Region (2019-2024)
8.4 Asia-Pacific Language Translation Software Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Language Translation Software Market Size (2019-2030)
9.2 Latin America Language Translation Software Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Language Translation Software Market Size by Country (2019-2024)
9.4 Latin America Language Translation Software Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Language Translation Software Market Size (2019-2030)
10.2 Middle East & Africa Language Translation Software Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Language Translation Software Market Size by Country (2019-2024)
10.4 Middle East & Africa Language Translation Software Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Bigword Group Ltd
11.1.1 Bigword Group Ltd Company Detail
11.1.2 Bigword Group Ltd Business Overview
11.1.3 Bigword Group Ltd Language Translation Software Introduction
11.1.4 Bigword Group Ltd Revenue in Language Translation Software Business (2019-2024)
11.1.5 Bigword Group Ltd Recent Development
11.2 Lionbridge
11.2.1 Lionbridge Company Detail
11.2.2 Lionbridge Business Overview
11.2.3 Lionbridge Language Translation Software Introduction
11.2.4 Lionbridge Revenue in Language Translation Software Business (2019-2024)
11.2.5 Lionbridge Recent Development
11.3 LanguageLine Solutions
11.3.1 LanguageLine Solutions Company Detail
11.3.2 LanguageLine Solutions Business Overview
11.3.3 LanguageLine Solutions Language Translation Software Introduction
11.3.4 LanguageLine Solutions Revenue in Language Translation Software Business (2019-2024)
11.3.5 LanguageLine Solutions Recent Development
11.4 Global Linguist Solutions
11.4.1 Global Linguist Solutions Company Detail
11.4.2 Global Linguist Solutions Business Overview
11.4.3 Global Linguist Solutions Language Translation Software Introduction
11.4.4 Global Linguist Solutions Revenue in Language Translation Software Business (2019-2024)
11.4.5 Global Linguist Solutions Recent Development
11.5 Babylon Corporation
11.5.1 Babylon Corporation Company Detail
11.5.2 Babylon Corporation Business Overview
11.5.3 Babylon Corporation Language Translation Software Introduction
11.5.4 Babylon Corporation Revenue in Language Translation Software Business (2019-2024)
11.5.5 Babylon Corporation Recent Development
11.6 Google Inc
11.6.1 Google Inc Company Detail
11.6.2 Google Inc Business Overview
11.6.3 Google Inc Language Translation Software Introduction
11.6.4 Google Inc Revenue in Language Translation Software Business (2019-2024)
11.6.5 Google Inc Recent Development
11.7 IBM Corporation
11.7.1 IBM Corporation Company Detail
11.7.2 IBM Corporation Business Overview
11.7.3 IBM Corporation Language Translation Software Introduction
11.7.4 IBM Corporation Revenue in Language Translation Software Business (2019-2024)
11.7.5 IBM Corporation Recent Development
11.8 Microsoft Inc. Systran
11.8.1 Microsoft Inc. Systran Company Detail
11.8.2 Microsoft Inc. Systran Business Overview
11.8.3 Microsoft Inc. Systran Language Translation Software Introduction
11.8.4 Microsoft Inc. Systran Revenue in Language Translation Software Business (2019-2024)
11.8.5 Microsoft Inc. Systran Recent Development
11.9 Cloudwords Inc
11.9.1 Cloudwords Inc Company Detail
11.9.2 Cloudwords Inc Business Overview
11.9.3 Cloudwords Inc Language Translation Software Introduction
11.9.4 Cloudwords Inc Revenue in Language Translation Software Business (2019-2024)
11.9.5 Cloudwords Inc Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
List of Tables
List of Tables
Table 1. Global Language Translation Software Market Size Growth Rate by Type (US$ Million): 2019 VS 2023 VS 2030
Table 2. Key Players of Rule-Based Machine Translation
Table 3. Key Players of Statistical-Based Machine Translation
Table 4. Key Players of Hybrid Machine Translation
Table 5. Key Players of Others
Table 6. Global Language Translation Software Market Size Growth by Application (US$ Million): 2019 VS 2023 VS 2030
Table 7. Global Language Translation Software Market Size by Region (US$ Million): 2019 VS 2023 VS 2030
Table 8. Global Language Translation Software Market Size by Region (2019-2024) & (US$ Million)
Table 9. Global Language Translation Software Market Share by Region (2019-2024)
Table 10. Global Language Translation Software Forecasted Market Size by Region (2025-2030) & (US$ Million)
Table 11. Global Language Translation Software Market Share by Region (2025-2030)
Table 12. Language Translation Software Market Trends
Table 13. Language Translation Software Market Drivers
Table 14. Language Translation Software Market Challenges
Table 15. Language Translation Software Market Restraints
Table 16. Global Language Translation Software Revenue by Players (2019-2024) & (US$ Million)
Table 17. Global Language Translation Software Market Share by Players (2019-2024)
Table 18. Global Top Language Translation Software Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Language Translation Software as of 2023)
Table 19. Ranking of Global Top Language Translation Software Companies by Revenue (US$ Million) in 2023
Table 20. Global 5 Largest Players Market Share by Language Translation Software Revenue (CR5 and HHI) & (2019-2024)
Table 21. Key Players Headquarters and Area Served
Table 22. Key Players Language Translation Software Product Solution and Service
Table 23. Date of Enter into Language Translation Software Market
Table 24. Mergers & Acquisitions, Expansion Plans
Table 25. Global Language Translation Software Market Size by Type (2019-2024) & (US$ Million)
Table 26. Global Language Translation Software Revenue Market Share by Type (2019-2024)
Table 27. Global Language Translation Software Forecasted Market Size by Type (2025-2030) & (US$ Million)
Table 28. Global Language Translation Software Revenue Market Share by Type (2025-2030)
Table 29. Global Language Translation Software Market Size by Application (2019-2024) & (US$ Million)
Table 30. Global Language Translation Software Revenue Market Share by Application (2019-2024)
Table 31. Global Language Translation Software Forecasted Market Size by Application (2025-2030) & (US$ Million)
Table 32. Global Language Translation Software Revenue Market Share by Application (2025-2030)
Table 33. North America Language Translation Software Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
Table 34. North America Language Translation Software Market Size by Country (2019-2024) & (US$ Million)
Table 35. North America Language Translation Software Market Size by Country (2025-2030) & (US$ Million)
Table 36. Europe Language Translation Software Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
Table 37. Europe Language Translation Software Market Size by Country (2019-2024) & (US$ Million)
Table 38. Europe Language Translation Software Market Size by Country (2025-2030) & (US$ Million)
Table 39. Asia-Pacific Language Translation Software Market Size Growth Rate by Region (US$ Million): 2019 VS 2023 VS 2030
Table 40. Asia-Pacific Language Translation Software Market Size by Region (2019-2024) & (US$ Million)
Table 41. Asia-Pacific Language Translation Software Market Size by Region (2025-2030) & (US$ Million)
Table 42. Latin America Language Translation Software Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
Table 43. Latin America Language Translation Software Market Size by Country (2019-2024) & (US$ Million)
Table 44. Latin America Language Translation Software Market Size by Country (2025-2030) & (US$ Million)
Table 45. Middle East & Africa Language Translation Software Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
Table 46. Middle East & Africa Language Translation Software Market Size by Country (2019-2024) & (US$ Million)
Table 47. Middle East & Africa Language Translation Software Market Size by Country (2025-2030) & (US$ Million)
Table 48. Bigword Group Ltd Company Detail
Table 49. Bigword Group Ltd Business Overview
Table 50. Bigword Group Ltd Language Translation Software Product
Table 51. Bigword Group Ltd Revenue in Language Translation Software Business (2019-2024) & (US$ Million)
Table 52. Bigword Group Ltd Recent Development
Table 53. Lionbridge Company Detail
Table 54. Lionbridge Business Overview
Table 55. Lionbridge Language Translation Software Product
Table 56. Lionbridge Revenue in Language Translation Software Business (2019-2024) & (US$ Million)
Table 57. Lionbridge Recent Development
Table 58. LanguageLine Solutions Company Detail
Table 59. LanguageLine Solutions Business Overview
Table 60. LanguageLine Solutions Language Translation Software Product
Table 61. LanguageLine Solutions Revenue in Language Translation Software Business (2019-2024) & (US$ Million)
Table 62. LanguageLine Solutions Recent Development
Table 63. Global Linguist Solutions Company Detail
Table 64. Global Linguist Solutions Business Overview
Table 65. Global Linguist Solutions Language Translation Software Product
Table 66. Global Linguist Solutions Revenue in Language Translation Software Business (2019-2024) & (US$ Million)
Table 67. Global Linguist Solutions Recent Development
Table 68. Babylon Corporation Company Detail
Table 69. Babylon Corporation Business Overview
Table 70. Babylon Corporation Language Translation Software Product
Table 71. Babylon Corporation Revenue in Language Translation Software Business (2019-2024) & (US$ Million)
Table 72. Babylon Corporation Recent Development
Table 73. Google Inc Company Detail
Table 74. Google Inc Business Overview
Table 75. Google Inc Language Translation Software Product
Table 76. Google Inc Revenue in Language Translation Software Business (2019-2024) & (US$ Million)
Table 77. Google Inc Recent Development
Table 78. IBM Corporation Company Detail
Table 79. IBM Corporation Business Overview
Table 80. IBM Corporation Language Translation Software Product
Table 81. IBM Corporation Revenue in Language Translation Software Business (2019-2024) & (US$ Million)
Table 82. IBM Corporation Recent Development
Table 83. Microsoft Inc. Systran Company Detail
Table 84. Microsoft Inc. Systran Business Overview
Table 85. Microsoft Inc. Systran Language Translation Software Product
Table 86. Microsoft Inc. Systran Revenue in Language Translation Software Business (2019-2024) & (US$ Million)
Table 87. Microsoft Inc. Systran Recent Development
Table 88. Cloudwords Inc Company Detail
Table 89. Cloudwords Inc Business Overview
Table 90. Cloudwords Inc Language Translation Software Product
Table 91. Cloudwords Inc Revenue in Language Translation Software Business (2019-2024) & (US$ Million)
Table 92. Cloudwords Inc Recent Development
Table 93. Research Programs/Design for This Report
Table 94. Key Data Information from Secondary Sources
Table 95. Key Data Information from Primary Sources
List of Figures
Figure 1. Global Language Translation Software Market Size Comparison by Type (2024-2030) & (US$ Million)
Figure 2. Global Language Translation Software Market Share by Type: 2023 VS 2030
Figure 3. Rule-Based Machine Translation Features
Figure 4. Statistical-Based Machine Translation Features
Figure 5. Hybrid Machine Translation Features
Figure 6. Others Features
Figure 7. Global Language Translation Software Market Size Comparison by Application (2024-2030) & (US$ Million)
Figure 8. Global Language Translation Software Market Share by Application: 2023 VS 2030
Figure 9. Banking Financial Services and Insurance Case Studies
Figure 10. Healthcare Case Studies
Figure 11. Manufacturing Case Studies
Figure 12. Government Case Studies
Figure 13. IT & Telecom Case Studies
Figure 14. Education Case Studies
Figure 15. Others Case Studies
Figure 16. Language Translation Software Report Years Considered
Figure 17. Global Language Translation Software Market Size (US$ Million), Year-over-Year: 2019-2030
Figure 18. Global Language Translation Software Market Size, (US$ Million), 2019 VS 2023 VS 2030
Figure 19. Global Language Translation Software Market Share by Region: 2023 VS 2030
Figure 20. Global Language Translation Software Market Share by Players in 2023
Figure 21. Global Top Language Translation Software Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Language Translation Software as of 2023)
Figure 22. The Top 10 and 5 Players Market Share by Language Translation Software Revenue in 2023
Figure 23. North America Language Translation Software Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 24. North America Language Translation Software Market Share by Country (2019-2030)
Figure 25. United States Language Translation Software Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 26. Canada Language Translation Software Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 27. Europe Language Translation Software Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 28. Europe Language Translation Software Market Share by Country (2019-2030)
Figure 29. Germany Language Translation Software Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 30. France Language Translation Software Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 31. U.K. Language Translation Software Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 32. Italy Language Translation Software Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 33. Russia Language Translation Software Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 34. Nordic Countries Language Translation Software Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 35. Asia-Pacific Language Translation Software Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 36. Asia-Pacific Language Translation Software Market Share by Region (2019-2030)
Figure 37. China Language Translation Software Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 38. Japan Language Translation Software Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 39. South Korea Language Translation Software Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 40. Southeast Asia Language Translation Software Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 41. India Language Translation Software Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 42. Australia Language Translation Software Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 43. Latin America Language Translation Software Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 44. Latin America Language Translation Software Market Share by Country (2019-2030)
Figure 45. Mexico Language Translation Software Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 46. Brazil Language Translation Software Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 47. Middle East & Africa Language Translation Software Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 48. Middle East & Africa Language Translation Software Market Share by Country (2019-2030)
Figure 49. Turkey Language Translation Software Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 50. Saudi Arabia Language Translation Software Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 51. Bigword Group Ltd Revenue Growth Rate in Language Translation Software Business (2019-2024)
Figure 52. Lionbridge Revenue Growth Rate in Language Translation Software Business (2019-2024)
Figure 53. LanguageLine Solutions Revenue Growth Rate in Language Translation Software Business (2019-2024)
Figure 54. Global Linguist Solutions Revenue Growth Rate in Language Translation Software Business (2019-2024)
Figure 55. Babylon Corporation Revenue Growth Rate in Language Translation Software Business (2019-2024)
Figure 56. Google Inc Revenue Growth Rate in Language Translation Software Business (2019-2024)
Figure 57. IBM Corporation Revenue Growth Rate in Language Translation Software Business (2019-2024)
Figure 58. Microsoft Inc. Systran Revenue Growth Rate in Language Translation Software Business (2019-2024)
Figure 59. Cloudwords Inc Revenue Growth Rate in Language Translation Software Business (2019-2024)
Figure 60. Bottom-up and Top-down Approaches for This Report
Figure 61. Data Triangulation
Figure 62. Key Executives Interviewed
Published By : QY Research