Translation Management Systems Market

Report Code TC 8944
Published in Feb, 2024, By MarketsandMarkets™
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Translation Management Systems Market by Software (Machine Translation, Localization, Linguistic QA, Terminology Management), Content Type (Audio, Video, Text), Application (Project Management, Billing & Invoice Analysis) - Global Forecast to 2030

Overview

The Translation Management Systems (TMS) market is currently witnessing robust growth, with estimates indicating a substantial increase in market size. Projections suggest a notable expansion in market value, from USD 2.2 billion in 2024 to USD 5.7 billion by 2030, reflecting a substantial CAGR of 17.2% over the forecast period. This growth surge is propelled by globalization, increased digital content, and expanding cross-border business operations. As businesses endeavor to establish a ubiquitous global footprint, there is a soaring demand for efficient translation solutions to surmount language barriers. TMS emerges as a pivotal catalyst, streamlining translation workflows, fostering collaboration, and ensuring linguistic consistency, thereby becoming indispensable for enterprises managing multilingual content. Additionally, the TMS market's upward trajectory is propelled by the synergy between businesses and advanced technologies like artificial intelligence and machine translation, elevating translation accuracy and speed. This expansion mirrors a broader industry trend wherein businesses increasingly recognize the pivotal role of adept language management in achieving and sustaining global success.

Attractive Opportunities in the Translation Management Systems Market

EUROPE:

European Union's commitment to fostering cross-border collaboration and trade has prompted businesses to invest in advanced language technologies like TMS for effective communication. Europe’s emphasis on language accuracy, cultural nuances, and compliance with data protection regulations aligns well with the capabilities offered by translation management solutions.

The growing demand for real-time translations is driving the adoption of cloud-based TMS solutions, allowing for seamless collaboration and accessibility.

Partnerships, collaborations, and product launches would offer lucrative opportunities for market players in the next five years.

There is a rising focus on integration capabilities, with TMS platforms being designed to seamlessly promote a more cohesive and streamlined translation workflow. Europe's robust digital infrastructure and tech-savvy population have facilitated the rapid adoption of TMS solutions.

Increasing emphasis on Artificial Intelligence (AI) and machine learning technologies is enhancing the accuracy and efficiency of translations. TMS platforms incorporating these advancements are gaining traction for their ability to provide context-aware and nuanced language translations.

Global Translation Management Systems Market Dynamics

DRIVER: The exponential growth of digital content has fueled the need for effective translation solutions

The exponential growth of digital content is a significant driver for the expansion of the Translation Management Systems (TMS) market. As businesses increasingly embrace digital platforms for communication, marketing, and operations, the volume of content produced in various languages has surged. This digital proliferation necessitates efficient translation solutions to bridge language barriers and cater to diverse audiences. TMS, with its ability to streamline and automate translation workflows, emerges as a crucial tool in managing this vast and rapidly expanding pool of digital content. It not only enhances the speed of translation but also ensures consistency and accuracy, enabling businesses to maintain a cohesive global presence and effectively engage with diverse markets. In essence, the growth of digital content amplifies the demand for TMS, making it an indispensable solution for businesses navigating the complexities of a globalized digital landscape.

RESTRAINT: Poor translation accuracy rates caused by less common languages

The restraint of poor translation accuracy rates for less common languages poses a challenge to the TMS market. Automated translation tools within TMS often struggle with languages that have limited linguistic resources, intricate grammatical structures, or less widespread usage. In the case of less common languages, there might be a scarcity of comprehensive datasets and linguistic models, leading to inaccurate translations that fail to capture the nuances and cultural subtleties of the language. As a result, businesses relying on TMS for less common languages may encounter challenges in maintaining the precision and quality required for effective communication. This limitation hampers the broad applicability of TMS across diverse linguistic landscapes and underscores the importance of continual advancements in linguistic research and technology development to address these accuracy concerns.

OPPORTUNITY: Integration with AI-driven content creation to streamline creation of multilingual content

Untapped opportunity lies in the integration of translation management systems with AI-driven content creation, offering a streamlined approach to generating multilingual content. By combining TMS with artificial intelligence, businesses can automate and optimize the entire content creation and translation process. AI technologies can be employed to generate initial content in a source language, and TMS can seamlessly take over to translate and localize this content into multiple languages. This integration not only enhances efficiency by reducing manual efforts but also ensures consistency and accuracy across all translated versions. The synergy between TMS and AI-driven content creation presents an opportunity to revolutionize the production of multilingual content, providing businesses with a competitive edge in global markets while maintaining linguistic quality and cultural relevance.

CHALLENGE: Complexities involving translation of language structures

The challenge in the TMS market centers around the intricate complexities of translating diverse language structures. Languages such as Japanese and Korean, with complex hierarchical and context-dependent structures, pose difficulties for automated systems. For instance, idiomatic expressions, word order variations, and nuanced linguistic elements demand a profound understanding of cultural context. TMS platforms face the challenge of accurately conveying not just linguistic meaning but also preserving contextual and cultural nuances. A succinct example is the difficulty in translating idioms, where literal translations may fail to capture the intended meaning. Overcoming these challenges requires continuous advancements in natural language processing and machine learning, pushing TMS capabilities to handle diverse language structures effectively and ensuring accurate, culturally sensitive translations.

Global Translation Management Systems Market Ecosystem Analysis

By offering, translation software to be the largest segment by market value in 2024 Translation software is estimated to account for largest market share in 2024 due to its fundamental role in facilitating efficient and accurate language translation. As businesses expand globally, the demand for automated translation tools within TMS has surged to streamline multilingual content management. Translation software enables organizations to swiftly translate vast volumes of text, enhancing productivity and reducing manual efforts. For example, a multinational e-commerce platform utilizes TMS with advanced translation software to automatically convert product descriptions, ensuring a consistent and accurate presentation across multiple languages. The efficiency and scalability offered by translation software make it a cornerstone of TMS solutions, catering to the growing need for rapid and reliable language translation in an increasingly interconnected global business environment.

By content type, audio-based content segment to emerge as the fastest growing segment between 2024 to 2030

Audio-based content is set to witness rapid growth surge during the forecast period, owing to the increasing prevalence of podcasts, audiobooks, and multimedia content. As consumers embrace audio content for its accessibility and convenience, businesses are compelled to translate and localize audio materials to reach wider audiences. TMS facilitates the translation of spoken content by integrating with Automatic Speech Recognition (ASR) and Natural Language Processing (NLP) technologies, enabling accurate transcription and subsequent translation. For instance, a global streaming platform may utilize TMS to seamlessly translate and localize podcasts, ensuring that the linguistic and cultural nuances are preserved across various language markets. The demand for efficient and accurate translation of audio content, driven by the rising popularity of auditory experiences, cements audio-based content as the fastest growing segment by content type in the TMS market.

By application, terminology management is slated to witness the highest growth rate during the forecast period

Terminology management is expected to emerge as the fastest-growing application segment in the TMS market over the forecast period, attributed to its pivotal role in ensuring linguistic precision and consistency. Businesses are increasingly recognizing the significance of maintaining a standardized vocabulary across diverse languages to uphold brand integrity and enhance communication. For instance, a global pharmaceutical company employing TMS with robust terminology management ensures that medical terms and product names are uniformly translated, minimizing the risk of errors, and enhancing regulatory compliance. This heightened awareness of the importance of precise and consistent terminology has propelled the demand for specialized TMS solutions. The growth of terminology management within the TMS market underscores its critical contribution to maintaining linguistic coherence in an increasingly globalized business landscape.By vertical, healthcare & life sciences segment will account for the largest market share in 2024Healthcare & life sciences vertical is poised to emerge as the largest segment by market value in 2024, due to the critical need for accurate and culturally sensitive translations in this sector. As this industry operates on a global scale, TMS plays a pivotal role in ensuring precise translations of medical documents, regulatory compliance materials, and patient communications. For instance, a pharmaceutical company employing TMS can seamlessly translate drug labels, clinical trial documents, and patient information leaflets into multiple languages, maintaining accuracy and adherence to regional regulations. The stringent requirements for linguistic precision and compliance within the healthcare & life sciences sector drive the extensive adoption of TMS, making it a cornerstone for global communication in this industry and thus the largest segment by market share.

ASIA PACIFIC Region Holds the Largest Share of the Translation Management Systems Market.

Asia Pacific is expected to stand out as the fastest-growing market in translation management systems market between 2024–2030. The region's dynamic economic growth and increasing globalization have driven businesses to expand their operations across diverse linguistic landscapes. As companies establish a presence in multiple countries within APAC, the demand for TMS solutions has surged to manage the complexities of translating and localizing content for diverse audiences.

Recent Developments of Translation Management Systems Market industry

  • In January 2024, Bosch Brazil partnered with Oracle to harness Oracle Digital Assistant’s (ODA) multilingual capabilities. The partnership demonstrates the power of integrating technologies such as artificial intelligence and customer service. Bosch selected ODA because of its versatility in generating and understanding not only responses in different languages, but also its ability to generate speech in multiple languages. In January 2024, Acolad expanded its already extensive solutions and technology portfolio through the introduction of its artificial intelligence powered solution – AI voice-over. The new solution ensures impactful synthetic voice-over and dubbing by combining the latest speech synthesis technology and high-quality resources. In January 2024, OneMeta partnered with Microsoft to introduce its AI-powered translation and transcription Verbum service to Microsoft Teams. OneMeta’s Verbum software translates and transcribes in over 140 languages and has now reached Microsoft IP Co-sell Ready Status In December 2023, Google partnered with Welocalize to evaluate its adaptive translation LLM solution. Welocalize, in partnership with Google, conducted a case study to evaluate the effectiveness of Google’s adaptive translation LLM solution.
  • In December 2023, RWS Group announced the acquisition of Dublin-based Propylon Holdings Limited (Propylon), a provider of content creation, management, and publishing solutions for the government, legal, assurance, audit, and publishing industries. In October 2023, with the aim of strengthening support for all major Indian languages, Microsoft India announced the addition of four new languages: Bhojpuri, Bodo, Dogri, and Kashmiri, to Microsoft Translator. With this latest release, Microsoft Translator now supports a total of 20 Indian languages, including Assamese, Bengali, Gujarati, Hindi, Kannada, Konkani, Maithili, Malayalam, Marathi, Nepali, Odia, Punjabi, Sindhi, Tamil, Telugu, and Urdu. This brings Microsoft Translator a step closer to its goal of supporting all 22 official Indian languages and now covers the languages spoken by almost 95% of the country’s population. In June 2023, Welocalize, a pioneer of tech enablement within language services, announced the launch of its newest innovation: TranslationRate, a plugin for ChatGPT. A first in OpenAI’s plugin store for ChatGPT, the new tool allows users to gain insight into the quality of text translations provided by the language model or input by users. In May 2023, LanguageLine Solutions announced its new partnership with Vibe Health by eVideon, the leader in hospital smart room technology and digital workflow solutions. Through the partnership, Vibe Health and LanguageLine are expanding access to interpreter services at the patient’s bedside.

Key Market Players

KEY PLAYERS IN THE Translation Management Systems Market INCLUDE

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Scope of the Report

Report Attribute Details
Market size available for years 2018–2030
Base year considered 2023
Forecast period 2024–2030
Forecast units USD (Million)
Segments covered Offering, Content Type, Application, Business Function, Vertical, and Region
Geographies covered North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
List of Companies in Translation Management Systems TransPerfect (US), RWS Group (UK), LanguageLine Solutions (US), Lionbridge (US), Acolad Group (France), Welocalize (US), Translate Plus (UK), Microsoft (US), Google (US), AWS (US), Smartling (US), XTM International (UK), Star Group (Switzerland), memoQ (Hungary), Transifex (US), Oracle (US), Centific (US), and SAP (Germany), Across Systems (Germany), Phrase (Germany), Toppan Digital Language Ltd (UK), Wordbee (Luxembourg), Babylon Software LTD (Israel), Corwdin (Estonia), DeepL (Germany), United Language Group (US), CQ Fluency (US), Lokalise (US), Weglot (France), Smartcat (US), Unbabel (US), Localize (US), and Wordfast (US)

 

Key Questions Addressed by the Report

What is translation management systems?
Translation Management Systems are software platforms designed to streamline the translation process, especially for businesses operating on a global scale. These systems automate and organize various workflow stages, such as content creation, translation, editing, and approval. Collaboration among dispersed teams is facilitated, ensuring seamless teamwork among translators and other stakeholders. TMS often includes a translation memory database to maintain consistency by reusing previously translated content. It also manages industry or company-specific terminology for uniformity across translations.
What is the total CAGR expected to be recorded for the translation management systems market during 2024-2030?
The translation management systems market is expected to record a CAGR of 17.2% from 2024-2030.
Which are the major growth enablers catalyzing the translation management systems market?
The translation management systems market is being majorly driven by factors such as the exponential growth of digital content fueling the need for effective translation solutions, the rise of e-commerce leading to an increased need for translation services, the increasing cross-border collaboration between individuals and businesses, and the shift towards cloud computing evolving the translation software industry.
Which are the top three applications prevailing in the translation management systems market?
Translation, project management, and terminology management are among the top-3 applications of translation management systems in terms of adoption. These functionalities collectively enhance efficiency, accuracy, and cohesion in multilingual content creation, making TMS an indispensable tool for businesses navigating diverse linguistic landscapes.
Who are the key vendors in the translation management systems market?
Some major players in the translation management systems market include TransPerfect (US), RWS Group (UK), LanguageLine Solutions (US), Lionbridge (US), Acolad Group (France), Welocalize (US), Translate Plus (UK), Microsoft (US), Google (US), AWS (US), Smartling (US), XTM International (Switzerland), Star Group (UK), memoQ (Hungary), Transifex (US), Oracle (US), Centific (US), SAP (Germany), Across Systems GmbH (Germany), Phrase (Germany), Toppan Digital Language Ltd (UK), Wordbee (Luxembourg), Babylon Software LTD. (Israel), Crowdin (Estonia), DeepL (Germany), United Language Group (US), CQ Fluency (US), Lokalise (US), Weglot (France), Smartcat (US), Unbabel (US), Localize (US), and Wordfast (US). 

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
39
RESEARCH METHODOLOGY
44
EXECUTIVE SUMMARY
58
PREMIUM INSIGHTS
64
MARKET OVERVIEW AND INDUSTRY TRENDS
67
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Exponential growth of digital content to fuel demand for effective translation solutions
    - Rise in e-commerce platforms to propel adoption of translation services
    - Increasing cross-border collaboration between individuals and businesses
    - Shift toward cloud computing evolving translation software industry
    RESTRAINTS
    - Quality concerns with machine translation
    - Poor translation accuracy rates while translating fewer common languages
    - Rising concerns about data security and privacy
    OPPORTUNITIES
    - Scalability and geographic expansion of businesses with translation management systems
    - Cross-platform and cross-device integration to enhance accessibility and usability of translation software
    - Integration with AI-driven content creation to streamline process of creating multilingual content
    CHALLENGES
    - Complexity involved with translating language structures
    - Adaptability to constantly evolving language and communication
    - Growing ethical concerns and biasness in machine translation models
  • 5.3 EVOLUTION OF TRANSLATION MANAGEMENT SYSTEMS MARKET
  • 5.4 ARCHITECTURE OF TRANSLATION MANAGEMENT SYSTEMS
  • 5.5 VALUE CHAIN ANALYSIS
  • 5.6 ECOSYSTEM ANALYSIS/MARKET MAP
    TRANSLATION MANAGEMENT SOFTWARE PROVIDERS
    TRANSLATION MANAGEMENT SERVICE PROVIDERS
    CLOUD PROVIDERS
    TECHNOLOGY PROVIDERS
    END USERS
    GOVERNMENT & REGULATORY BODIES
  • 5.7 INVESTMENT LANDSCAPE AND FUNDING SCENARIO
  • 5.8 CASE STUDY ANALYSIS
    MANUFACTURING
    - Case study 1: TransPerfect's translation services helped Hamamatsu Photonics reduce costs and maintain high quality
    IT & ITES
    - Case study 2: NETGEAR achieved global growth with localization services and technology from RWS Group
    GOVERNMENT & PUBLIC SECTOR
    - Case study 3: Video interpretation helped New York Police address language barriers and improve community relations
    RETAIL & E-COMMERCE
    - Case study 4: Acolad Group helped Migros update multilingual product information faster with machine translation
    EDUCATION
    - Case study 5: Excedo achieved elevated visibility in new market with help of translate plus
  • 5.9 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - Artificial Intelligence (AI) & Machine Learning (ML)
    - Neural Machine Translation (NMT)
    - Natural Language Processing (NLP)
    - Cloud Computing
    COMPLEMENTARY TECHNOLOGIES
    - Big Data Analytics
    - Speech Recognition
    - Optical Character Recognition (OCR)
    - Content Management Systems (CMS)
    ADJACENT TECHNOLOGIES
    - Localization Automation Systems
    - Terminology Management Systems
    - Speech-to-Text (STT) Technology
    - Digital Asset Management (DAM) Systems
  • 5.10 TARIFF AND REGULATORY LANDSCAPE
    TARIFF RELATED TO COMPUTER SOFTWARE
    REGULATORY LANDSCAPE
    - Regulatory bodies, government agencies, and other organizations
    REGULATIONS: TRANSLATION MANAGEMENT SYSTEMS MARKET
    - North America
    - Europe
    - Asia Pacific
    - Middle East & Africa
    - Latin America
  • 5.11 PATENT ANALYSIS
    METHODOLOGY
    PATENTS FILED, BY DOCUMENT TYPE
    INNOVATION AND PATENT APPLICATIONS
    - Top 10 applicants in translation management systems market
  • 5.12 PRICING ANALYSIS
    AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY SOFTWARE TYPE
    INDICATIVE PRICING ANALYSIS, BY TRANSLATION MANAGEMENT SYSTEMS VENDOR
  • 5.13 TRADE ANALYSIS
    EXPORT SCENARIO OF COMPUTER SOFTWARE
    IMPORT SCENARIO OF COMPUTER SOFTWARE
  • 5.14 KEY CONFERENCES & EVENTS, 2024–2025
  • 5.15 PORTER’S FIVE FORCES ANALYSIS
    THREAT OF NEW ENTRANTS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.16 TRANSLATION MANAGEMENT SYSTEMS MARKET: TECHNOLOGY ROADMAP
  • 5.17 TRANSLATION MANAGEMENT SYSTEMS: BUSINESS MODELS
    SOFTWARE VENDOR MODEL
    CONSULTING SERVICES MODEL
    PLATFORM INTEGRATOR MODEL
  • 5.18 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
    REVENUE SHIFT & NEW REVENUE POCKETS FOR TRANSLATION MANAGEMENT SYSTEM PROVIDERS
  • 5.19 KEY STAKEHOLDERS & BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING
125
  • 6.1 INTRODUCTION
    OFFERING: TRANSLATION MANAGEMENT SYSTEMS MARKET DRIVERS
  • 6.2 SOFTWARE
    TRANSLATION SOFTWARE
    - Integration of AI technologies to drive growth of translation software by enhancing translation accuracy and efficiency
    - Computer Assisted Translation
    - Machine Translation
    LOCALIZATION SOFTWARE
    - Surging demand for personalized and culturally resonant global digital experiences to propel growth of localization software
    - Content Management Systems (CMS)
    - Globalization Management Systems (GMS)
    TRANSLATION PROJECT MANAGEMENT SOFTWARE
    - Growing complexity of translation projects to fuel demand for efficient project management solutions
    - Project Planning Tools
    - Workflow Automation Tools
    TERMINOLOGY MANAGEMENT SOFTWARE
    - Increasing demand for consistent and accurate use of terminology in multilingual content creation to propel terminology management software
    - Terminology Databases
    - Terminology Extraction Tools
    QUALITY ASSURANCE (QA) SOFTWARE
    - Emphasis on delivering high-quality translations and meeting regulatory compliance standards to drive adoption of quality assurance software
    - Linguistic QA Tools
    - QA Automation Tools
    ANALYTICS AND REPORTING
    - Growing need for data-driven insights to optimize translation processes to expand market size of analytics and reporting solutions
    - Project Progress Reports
    - Predictive Analytics
    OTHER SOFTWARE
  • 6.3 SERVICES
    PROFESSIONAL SERVICES
    - Rising adoption of TMS solutions across industries to accentuate demand for expert consultation, training, and implementation services
    - Training & Consulting Services
    - System Integration & Deployment Services
    - Support & Maintenance Services
    MANAGED SERVICES
    - Translation management systems to be outsourced to specialized providers, ensuring continuous system monitoring
TRANSLATION MANAGEMENT SYSTEMS MARKET, BY BUSINESS FUNCTION
163
  • 7.1 INTRODUCTION
    BUSINESS FUNCTION: TRANSLATION MANAGEMENT SYSTEMS MARKET DRIVERS
  • 7.2 LEGAL
    ADOPTION OF TMS IN LEGAL SECTOR TO ENSURE LINGUISTIC ACCURACY WITHIN COMPLEX LANDSCAPE OF LEGAL PROCESSES
    LEGAL DOCUMENT TRANSLATION
    COMPLIANCE AND REGULATORY TRANSLATION
    COURT FILINGS TRANSLATION
    INTELLECTUAL PROPERTY DOCUMENTATION
    LITIGATION SUPPORT TRANSLATION
    OTHERS
  • 7.3 FINANCE & ACCOUNTING
    FOSTERING FINANCIAL TRANSPARENCY, CONTROL, AND STRATEGIC DECISION-MAKING IN FINANCE & ACCOUNTING TO BE POSSIBLE WITH TMS
    MULTILINGUAL FINANCIAL REPORTS
    CROSS-BORDER INVOICING
    TAX DOCUMENT TRANSLATION
    AUDIT REPORT TRANSLATION
    FINANCIAL COMPLIANCE DOCUMENTATION
    OTHERS
  • 7.4 SALES & MARKETING
    TMS IN SALES & MARKETING TO CONTRIBUTE TO OVERALL EFFECTIVENESS OF CROSS-BORDER SALES EFFORTS, FOSTERING SUCCESSFUL BUSINESS TRANSACTIONS AND PARTNERSHIPS
    MULTILINGUAL MARKETING CAMPAIGNS
    MARKET ENTRY STRATEGY
    PRODUCT PACKAGING TRANSLATION
    ADVERTISING CONTENT LOCALIZATION
    SOCIAL MEDIA CAMPAIGN TRANSLATION
    OTHERS
  • 7.5 HUMAN RESOURCES
    TMS TO HELP BUSINESSES TO BUILD DIVERSE AND INCLUSIVE TEAMS, TAPPING INTO GLOBAL TALENT POOLS
    MULTILINGUAL EMPLOYEE COMMUNICATIONS
    GLOBAL WORKFORCE DEVELOPMENT
    TRAINING PROGRAM LOCALIZATION
    HR POLICY TRANSLATION
    EMPLOYEE BENEFITS DOCUMENTATION
    OTHERS
  • 7.6 OTHER BUSINESS FUNCTIONS
TRANSLATION MANAGEMENT SYSTEMS MARKET, BY CONTENT TYPE
184
  • 8.1 INTRODUCTION
    CONTENT TYPE: TRANSLATION MANAGEMENT SYSTEMS MARKET DRIVERS
  • 8.2 AUDIO-BASED CONTENT
    INCREASING DEMAND FOR DIVERSE AUDIO-BASED CONTENT, INCLUDING PODCASTS, VOICEOVERS, AND AUDIOBOOKS, TO PROPEL NEED FOR TMS SOLUTIONS
  • 8.3 VIDEO-BASED CONTENT
    PROLIFERATION OF MULTIMEDIA CONTENT IN MARKETING, EDUCATION, AND ENTERTAINMENT INDUSTRIES TO FUEL NEED FOR ADVANCED TMS TOOLS
  • 8.4 TEXT-BASED CONTENT
    SURGE IN DEMAND WITNESSED FOR ACCURATELY TRANSLATING DIVERSE TEXT-BASED CONTENT, INCLUDING WEBSITES, LEGAL DOCUMENTS, AND MARKETING MATERIALS
TRANSLATION MANAGEMENT SYSTEMS MARKET, BY APPLICATION
192
  • 9.1 INTRODUCTION
    APPLICATION: TRANSLATION MANAGEMENT SYSTEMS MARKET DRIVERS
  • 9.2 TRANSLATION
    INTEGRATION OF MACHINE AND NEURAL MACHINE TRANSLATION WITHIN TMS ENHANCES EFFICIENCY AND CONTRIBUTE TO DEMOCRATIZATION OF TRANSLATION SERVICES
    MACHINE TRANSLATION
    NEURAL MACHINE TRANSLATION
  • 9.3 TERMINOLOGY MANAGEMENT
    TERMINOLOGY MANAGEMENT TO ENSURE CONSISTENCY AND ACCURACY IN TERMINOLOGY USED ACROSS LANGUAGES AND CONTENT TYPES
    DYNAMIC TERMINOLOGY MANAGEMENT
    INDUSTRY-SPECIFIC TERMINOLOGY
    AUTOMATED TERMINOLOGY EXTRACTION
    CROSS-LANGUAGE TERMINOLOGY INTEGRATION
  • 9.4 QUALITY ASSURANCE
    QUALITY ASSURANCE TO INCORPORATE INDUSTRY-SPECIFIC COMPLIANCE STANDARDS, ENSURING THAT TRANSLATED CONTENT ALIGNS WITH REGULATORY REQUIREMENTS
    LINGUISTIC QUALITY ASSURANCE
    AUTOMATED QUALITY ASSURANCE TOOLS
    REAL-TIME CONSISTENCY CHECKS
    MULTILINGUAL COMPLETENESS VERIFICATION
  • 9.5 PROJECT MANAGEMENT
    INTEGRATION OF PROJECT MANAGEMENT APPLICATIONS WITH TMS TO OFFER CENTRALIZED AND COLLABORATIVE ENVIRONMENT FOR PLANNING, ORGANIZING, AND TRACKING TRANSLATION PROJECTS
    AGILE PROJECT MANAGEMENT
    REAL-TIME COLLABORATION TOOLS
    RESOURCE ALLOCATION AND TRACKING
    AUTOMATED PROJECT SCHEDULING
  • 9.6 RESOURCE MANAGEMENT
    RESOURCE MANAGEMENT APPLICATION TO FACILITATE EFFECTIVE DEPLOYMENT OF TRANSLATION TECHNOLOGIES TO ENHANCE PRODUCTIVITY AND CONSISTENCY
    TRANSLATION MEMORY MANAGEMENT
    LINGUISTIC RESOURCE SHARING
    INTEGRATION WITH EXTERNAL TRANSLATION RESOURCES
    INTELLIGENT RESOURCE RECOMMENDATION
  • 9.7 BILLING & INVOICING ANALYSIS
    WITH SOPHISTICATED ALGORITHMS AND ANALYTICS, BILLING AND INVOICING ANALYSIS APPLICATION TO HELP ORGANIZATIONS GENERATE PRECISE INVOICES AND ACCOUNTING
    COST ESTIMATION AND FORECASTING
    BUDGET TRACKING AND ANALYSIS
    AUTOMATED INVOICING SYSTEMS
    REVENUE OPTIMIZATION ANALYTICS
  • 9.8 OTHER APPLICATIONS
TRANSLATION MANAGEMENT SYSTEMS MARKET, BY VERTICAL
214
  • 10.1 INTRODUCTION
    VERTICAL: TRANSLATION MANAGEMENT SYSTEMS MARKET DRIVERS
  • 10.2 BFSI
    TMS TO FACILITATE INTERNATIONAL EXPANSION OF BANKING SECTOR BY OVERCOMING LANGUAGE BARRIERS AND ENSURING HIGH-QUALITY FINANCIAL TRANSLATIONS
  • 10.3 HEALTHCARE & LIFE SCIENCES
    TRANSLATION MANAGEMENT SYSTEMS TO HANDLE UNIQUE COMPLEXITIES OF MEDICAL TERMINOLOGY, REGULATORY REQUIREMENTS, AND CULTURAL NUANCES
  • 10.4 MANUFACTURING
    MANUFACTURERS TO MITIGATE RISKS ASSOCIATED WITH INACCURATE TRANSLATIONS BY PRIORITIZING COMPLIANCE AND QUALITY ASSURANCE
  • 10.5 RETAIL & E-COMMERCE
    DIGITAL TECHNOLOGIES TO FACILITATE TRANSPARENCY AND TRACEABILITY, ALLOWING MANUFACTURERS TO MAKE INFORMED DECISIONS
  • 10.6 MEDIA & ENTERTAINMENT
    TRANSLATION MANAGEMENT SYSTEMS TO HELP EFFICIENTLY TRANSLATE AND LOCALIZE CONTENT FOR DIVERSE AUDIENCES WORLDWIDE
  • 10.7 GOVERNMENT & PUBLIC SECTOR
    TMS TO ENHANCE PRODUCTIVITY OF GOVERNMENT & PUBLIC SECTOR BY FACILITATING TRANSLATION AND LOCALIZATION OF LEGAL DOCUMENTS AND OFFICIAL CORRESPONDENCE
  • 10.8 IT & ITES
    TMS TO ENABLE EFFICIENT TRANSLATION AND LOCALIZATION OF SOFTWARE, WEBSITES, DOCUMENTATION, AND OTHER DIGITAL ASSETS
  • 10.9 TRAVEL & HOSPITALITY
    TMS TO STREAMLINE TRANSLATION PROCESS, ENABLING TRAVEL & HOSPITALITY COMPANIES TO PROVIDE MULTILINGUAL CONTENT TO CUSTOMERS
  • 10.10 OTHER VERTICALS
TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION
230
  • 11.1 INTRODUCTION
  • 11.2 NORTH AMERICA
    NORTH AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET DRIVERS
    NORTH AMERICA: RECESSION IMPACT
    US
    - Proliferation of digital content and growing need to reach diverse audiences to drive market
    CANADA
    - Diverse, multicultural society and substantial immigrant community boost adoption of TMS platforms
  • 11.3 EUROPE
    EUROPE: TRANSLATION MANAGEMENT SYSTEMS MARKET DRIVERS
    EUROPE: RECESSION IMPACT
    UK
    - Expanding international trade and collaboration - key growth drivers for market
    GERMANY
    - TMS solutions facilitate global trade through precise and culturally relevant translations across industries
    FRANCE
    - Market driven by accurate translation and promotion of French identity across luxury, fashion, and arts sectors
    ITALY
    - Status as cultural hub and a global destination for luxury and fashion fuels market growth in hospitality sector
    SPAIN
    - Leadership in renewable energy sector, which requires global collaboration, propels demand for TMS
    REST OF EUROPE
  • 11.4 ASIA PACIFIC
    ASIA PACIFIC: TRANSLATION MANAGEMENT SYSTEMS MARKET DRIVERS
    ASIA PACIFIC: RECESSION IMPACT
    CHINA
    - Rapid globalization and numerous minority languages fuel adoption of translation management systems
    INDIA
    - 22 officially recognized languages make India key for TMS industry
    JAPAN
    - Highly developed technology sector and emphasis on precision to help growth of market
    SOUTH KOREA
    - Vibrant entertainment industry and highly developed technological landscape – key to market growth
    SINGAPORE
    - Highly developed infrastructure and multilingual workforce - gateway for business expansion
    AUSTRALIA & NEW ZEALAND
    - Increasing demand for cross-border communication drives need for TMS solutions
    REST OF ASIA PACIFIC
  • 11.5 MIDDLE EAST & AFRICA
    MIDDLE EAST & AFRICA: TRANSLATION MANAGEMENT SYSTEMS MARKET DRIVERS
    MIDDLE EAST & AFRICA: RECESSION IMPACT
    GCC
    - Rapid technological advancements and digital transformation initiatives drive adoption
    EGYPT
    - Rapid market growth due to advancements in IT infrastructure and digitalization efforts
    SOUTH AFRICA
    - Strategic geographical location and status as regional economic hub enhance potential as lucrative market
    TURKEY
    - Economic development to lead to greater demand for translation and localization services
    REST OF MIDDLE EAST & AFRICA
  • 11.6 LATIN AMERICA
    LATIN AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET DRIVERS
    LATIN AMERICA: RECESSION IMPACT
    BRAZIL
    - Robust economy and e-commerce growth amplify necessity for translation and localization services
    MEXICO
    - Government initiatives and growing emphasis on internationalization to increase demand for TMS solutions
    ARGENTINA
    - Need for efficient language solutions to facilitate linguistic diversity to boost market growth
    REST OF LATIN AMERICA
COMPETITIVE LANDSCAPE
302
  • 12.1 OVERVIEW
  • 12.2 KEY PLAYER STRATEGIES
  • 12.3 REVENUE ANALYSIS
  • 12.4 MARKET SHARE ANALYSIS
    MARKET RANKING ANALYSIS
  • 12.5 BRAND/PRODUCT COMPARATIVE ANALYSIS
    BRAND/PRODUCT COMPARATIVE ANALYSIS, BY TRANSLATION SOFTWARE
    - memoQ
    - Smartling
    - Lokalise
    - Smartcat
    BRAND/PRODUCT COMPARATIVE ANALYSIS, BY TERMINOLOGY MANAGEMENT SOFTWARE
    - Weglot
    - RWS
    - Transifex
    - Wordbee
    BRAND/PRODUCT COMPARATIVE ANALYSIS, BY TRANSLATION QUALITY ASSURANCE SOFTWARE
    - Localize
    - TransPerfect
    - Crowdin
    - Welocalize
  • 12.6 COMPANY VALUATION AND FINANCIAL METRICS OF KEY VENDORS
  • 12.7 COMPANY EVALUATION MATRIX, 2023
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2023
    - Company Footprint
    - Region Footprint
    - Offering Footprint
    - Vertical Footprint
    - Business Function Footprint
  • 12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
    - Detailed List of Key Startups/SMEs
    - Competitive Benchmarking Of Key Startups/SMEs
  • 12.9 COMPETITIVE SCENARIO AND TRENDS
    PRODUCT LAUNCHES/ENHANCEMENTS
    DEALS
COMPANY PROFILES
330
  • 13.1 INTRODUCTION
  • 13.2 KEY PLAYERS
    TRANSPERFECT
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    RWS GROUP
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    LANGUAGELINE SOLUTIONS
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    LIONBRIDGE
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    ACOLAD GROUP
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    WELOCALIZE
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    MICROSOFT
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    GOOGLE
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    SAP
    - Business overview
    - Solutions/Services/Products offered
    - Recent developments
    ORACLE
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    AWS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    TRANSLATE PLUS
    SMARTLING
    XTM INTERNATIONAL
    STAR GROUP
    MEMOQ
    TRANSIFEX
    CENTIFIC
  • 13.3 STARTUP/SME PROFILES
    ACROSS SYSTEMS
    PHRASE
    TOPPAN DIGITAL LANGUAGE
    WORDBEE
    BABYLON SOFTWARE
    CROWDIN
    DEEPL
    UNITED LANGUAGE GROUP
    CQ FLUENCY
    LOKALISE
    WEGLOT
    SMARTCAT
    UNBABEL
    LOCALIZE
    WORDFAST
ADJACENT AND RELATED MARKETS
387
  • 14.1 INTRODUCTION
  • 14.2 SPEECH ANALYTICS MARKET - GLOBAL FORECAST TO 2027
    MARKET DEFINITION
    MARKET OVERVIEW
    - Speech analytics market, by component
    - Speech analytics market, by business function
    - Speech analytics market, by organization size
    - Speech analytics market, by deployment mode
    - Speech analytics market, by region
  • 14.3 SPEECH-TO-TEXT API MARKET - GLOBAL FORECAST TO 2026
    MARKET DEFINITION
    MARKET OVERVIEW
    - Speech-to-text API market, by component
    - Speech-to-text API market, by deployment mode
    - Speech-to-text API market, by organization size
    - Speech-to-text API market, by region
APPENDIX
395
  • 15.1 DISCUSSION GUIDE
  • 15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 15.3 CUSTOMIZATION OPTIONS
  • 15.4 RELATED REPORTS
  • 15.5 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 USD EXCHANGE RATES, 2018–2023
  • TABLE 2 PRIMARY INTERVIEWS
  • TABLE 3 FACTOR ANALYSIS
  • TABLE 4 IMPACT OF RECESSION ON TRANSLATION MANAGEMENT SYSTEMS MARKET
  • TABLE 5 TRANSLATION MANAGEMENT SYSTEMS MARKET AND GROWTH RATE, 2018–2023 (USD MILLION, Y-O-Y %)
  • TABLE 6 TRANSLATION MANAGEMENT SYSTEMS MARKET AND GROWTH RATE, 2024–2030 (USD MILLION, Y-O-Y %)
  • TABLE 7 TRANSLATION MANAGEMENT SYSTEMS MARKET: VALUE CHAIN ANALYSIS
  • TABLE 8 TRANSLATION MANAGEMENT SYSTEM MARKET: ECOSYSTEM
  • TABLE 9 TARIFF RELATED TO COMPUTER SOFTWARE, 2022
  • TABLE 10 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 11 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 12 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 13 MIDDLE EAST & AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 14 LATIN AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 15 PATENTS FILED, 2013–2023
  • TABLE 16 TOP 20 PATENT OWNERS IN TRANSLATION MANAGEMENT SYSTEMS MARKET, 2013–2023
  • TABLE 17 LIST OF FEW PATENTS IN TRANSLATION MANAGEMENT SYSTEMS MARKET, 2022–2023
  • TABLE 18 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY KEY SOFTWARE TYPE
  • TABLE 19 INDICATIVE PRICING LEVELS OF TRANSLATION MANAGEMENT SYSTEMS VENDORS
  • TABLE 20 TRANSLATION MANAGEMENT SYSTEMS MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2024–2025
  • TABLE 21 PORTER’S FIVE FORCES’ IMPACT ON TRANSLATION MANAGEMENT SYSTEMS MARKET
  • TABLE 22 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY VERTICALS
  • TABLE 23 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
  • TABLE 24 TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 25 MARKET, BY OFFERING, 2024–2030 (USD MILLION)
  • TABLE 26 MARKET, BY SOFTWARE, 2018–2023 (USD MILLION)
  • TABLE 27 MARKET, BY SOFTWARE, 2024–2030 (USD MILLION)
  • TABLE 28 TRANSLATION SOFTWARE: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 29 TRANSLATION SOFTWARE: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 30 LOCALIZATION SOFTWARE: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 31 LOCALIZATION SOFTWARE: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 32 TRANSLATION PROJECT MANAGEMENT SOFTWARE: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 33 TRANSLATION PROJECT MANAGEMENT SOFTWARE: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 34 TERMINOLOGY MANAGEMENT SOFTWARE: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 35 TERMINOLOGY MANAGEMENT SOFTWARE: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 36 QUALITY ASSURANCE SOFTWARE: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 37 QUALITY ASSURANCE SOFTWARE: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 38 ANALYTICS AND REPORTING: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 39 ANALYTICS AND REPORTING: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 40 OTHER SOFTWARE: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 41 OTHER SOFTWARE: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 42 MARKET, BY SERVICE, 2018–2023 (USD MILLION)
  • TABLE 43 MARKET, BY SERVICE, 2024–2030 (USD MILLION)
  • TABLE 44 MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION)
  • TABLE 45 MARKET, BY PROFESSIONAL SERVICE, 2024–2030 (USD MILLION)
  • TABLE 46 TRAINING & CONSULTING SERVICES: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 47 TRAINING & CONSULTING SERVICES: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 48 SYSTEM INTEGRATION & DEPLOYMENT SERVICES: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 49 SYSTEM INTEGRATION & DEPLOYMENT SERVICES: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 50 SUPPORT & MAINTENANCE SERVICES: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 51 SUPPORT & MAINTENANCE SERVICES: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 52 MANAGED SERVICES: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 53 MANAGED SERVICES: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 54 MARKET, BY BUSINESS FUNCTION, 2018–2023 (USD MILLION)
  • TABLE 55 MARKET, BY BUSINESS FUNCTION, 2024–2030 (USD MILLION)
  • TABLE 56 LEGAL: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 57 LEGAL: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 58 FINANCE & ACCOUNTING: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 59 FINANCE & ACCOUNTING: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 60 SALES & MARKETING: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 61 SALES & MARKETING: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 62 HUMAN RESOURCES: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 63 HUMAN RESOURCES: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 64 OTHER BUSINESS FUNCTIONS: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 65 OTHER BUSINESS FUNCTIONS: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 66 MARKET, BY CONTENT TYPE, 2018–2023 (USD MILLION)
  • TABLE 67 MARKET, BY CONTENT TYPE, 2024–2030 (USD MILLION)
  • TABLE 68 AUDIO-BASED CONTENT: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 69 AUDIO-BASED CONTENT: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 70 VIDEO-BASED CONTENT: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 71 VIDEO-BASED CONTENT: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 72 TEST-BASED CONTENT: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 73 TEXT-BASED CONTENT: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 74 MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
  • TABLE 75 MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 76 TRANSLATION: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 77 TRANSLATION: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 78 TERMINOLOGY MANAGEMENT: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 79 TERMINOLOGY MANAGEMENT: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 80 QUALITY ASSURANCE: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 81 QUALITY ASSURANCE: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 82 PROJECT MANAGEMENT: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 83 PROJECT MANAGEMENT: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 84 RESOURCE MANAGEMENT: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 85 RESOURCE MANAGEMENT: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 86 BILLING & INVOICING ANALYSIS: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 87 BILLING & INVOICING ANALYSIS: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 88 OTHER APPLICATIONS: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 89 OTHER APPLICATIONS: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 90 MARKET, BY VERTICAL, 2018–2023 (USD MILLION)
  • TABLE 91 MARKET, BY VERTICAL, 2024–2030 (USD MILLION)
  • TABLE 92 BFSI: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 93 BFSI: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 94 HEALTHCARE & LIFE SCIENCES: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 95 HEALTHCARE & LIFE SCIENCES: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 96 MANUFACTURING: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 97 MANUFACTURING: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 98 RETAIL & E-COMMERCE: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 99 RETAIL & E-COMMERCE: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 100 MEDIA & ENTERTAINMENT: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 101 MEDIA & ENTERTAINMENT: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 102 GOVERNMENT & PUBLIC SECTOR: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 103 GOVERNMENT & PUBLIC SECTOR: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 104 IT & ITES: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 105 IT & ITES: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 106 TRAVEL & HOSPITALITY: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 107 TRAVEL & HOSPITALITY: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 108 OTHER VERTICALS: MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 109 OTHER VERTICALS: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 110 MARKET, BY REGION, 2018–2023 (USD MILLION)
  • TABLE 111 MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 112 NORTH AMERICA: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 113 NORTH AMERICA: MARKET, BY OFFERING, 2024–2030 (USD MILLION)
  • TABLE 114 NORTH AMERICA: MARKET, BY SOFTWARE, 2018–2023 (USD MILLION)
  • TABLE 115 NORTH AMERICA: MARKET, BY SOFTWARE, 2024–2030 (USD MILLION)
  • TABLE 116 NORTH AMERICA: MARKET, BY SERVICE, 2018–2023 (USD MILLION)
  • TABLE 117 NORTH AMERICA: MARKET, BY SERVICE, 2024–2030 (USD MILLION)
  • TABLE 118 NORTH AMERICA: MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION)
  • TABLE 119 NORTH AMERICA: MARKET, BY PROFESSIONAL SERVICES, 2024–2030 (USD MILLION)
  • TABLE 120 NORTH AMERICA: MARKET, BY CONTENT TYPE, 2018–2023 (USD MILLION)
  • TABLE 121 NORTH AMERICA: MARKET, BY CONTENT TYPE, 2024–2030 (USD MILLION)
  • TABLE 122 NORTH AMERICA: MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
  • TABLE 123 NORTH AMERICA: MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 124 NORTH AMERICA: MARKET, BY BUSINESS FUNCTION, 2018–2023 (USD MILLION)
  • TABLE 125 NORTH AMERICA: MARKET, BY BUSINESS FUNCTION, 2024–2030 (USD MILLION)
  • TABLE 126 NORTH AMERICA: MARKET, BY VERTICAL, 2018–2023 (USD MILLION)
  • TABLE 127 NORTH AMERICA: MARKET, BY VERTICAL, 2024–2030 (USD MILLION)
  • TABLE 128 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2023 (USD MILLION)
  • TABLE 129 NORTH AMERICA: MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
  • TABLE 130 US: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 131 US: MARKET, BY OFFERING, 2024–2030 (USD MILLION)
  • TABLE 132 CANADA: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 133 CANADA: MARKET, BY OFFERING, 2024–2030 (USD MILLION)
  • TABLE 134 EUROPE: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 135 EUROPE: MARKET, BY OFFERING, 2024–2030 (USD MILLION)
  • TABLE 136 EUROPE: MARKET, BY SOFTWARE, 2018–2023 (USD MILLION)
  • TABLE 137 EUROPE: MARKET, BY SOFTWARE, 2024–2030 (USD MILLION)
  • TABLE 138 EUROPE: MARKET, BY SERVICE, 2018–2023 (USD MILLION)
  • TABLE 139 EUROPE: MARKET, BY SERVICE, 2024–2030 (USD MILLION)
  • TABLE 140 EUROPE: MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION)
  • TABLE 141 EUROPE: MARKET, BY PROFESSIONAL SERVICE, 2024–2030 (USD MILLION)
  • TABLE 142 EUROPE: MARKET, BY CONTENT TYPE, 2018–2023 (USD MILLION)
  • TABLE 143 EUROPE: MARKET, BY CONTENT TYPE, 2024–2030 (USD MILLION)
  • TABLE 144 EUROPE: MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
  • TABLE 145 EUROPE: MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 146 EUROPE: MARKET, BY BUSINESS FUNCTION, 2018–2023 (USD MILLION)
  • TABLE 147 EUROPE: MARKET, BY BUSINESS FUNCTION, 2024–2030 (USD MILLION)
  • TABLE 148 EUROPE: MARKET, BY VERTICAL, 2018–2023 (USD MILLION)
  • TABLE 149 EUROPE: MARKET, BY VERTICAL, 2024–2030 (USD MILLION)
  • TABLE 150 EUROPE: MARKET, BY COUNTRY, 2018–2023 (USD MILLION)
  • TABLE 151 EUROPE: MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
  • TABLE 152 UK: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 153 UK: MARKET, BY OFFERING, 2024–2030 (USD MILLION)
  • TABLE 154 GERMANY: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 155 GERMANY: MARKET, BY OFFERING, 2024–2030 (USD MILLION)
  • TABLE 156 FRANCE: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 157 FRANCE: MARKET, BY OFFERING, 2024–2030 (USD MILLION)
  • TABLE 158 ITALY: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 159 ITALY: MARKET, BY OFFERING, 2024–2030 (USD MILLION)
  • TABLE 160 SPAIN: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 161 SPAIN: MARKET, BY OFFERING, 2024–2030 (USD MILLION)
  • TABLE 162 REST OF EUROPE: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 163 REST OF EUROPE: MARKET, BY OFFERING, 2024–2030 (USD MILLION)
  • TABLE 164 ASIA PACIFIC: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 165 ASIA PACIFIC: MARKET, BY OFFERING, 2024–2030 (USD MILLION)
  • TABLE 166 ASIA PACIFIC: MARKET, BY SOFTWARE, 2018–2023 (USD MILLION)
  • TABLE 167 ASIA PACIFIC: MARKET, BY SOFTWARE, 2024–2030 (USD MILLION)
  • TABLE 168 ASIA PACIFIC: MARKET, BY SERVICE, 2018–2023 (USD MILLION)
  • TABLE 169 ASIA PACIFIC: MARKET, BY SERVICE, 2024–2030 (USD MILLION)
  • TABLE 170 ASIA PACIFIC: MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION)
  • TABLE 171 ASIA PACIFIC: MARKET, BY PROFESSIONAL SERVICE, 2024–2030 (USD MILLION)
  • TABLE 172 ASIA PACIFIC: MARKET, BY CONTENT TYPE, 2018–2023 (USD MILLION)
  • TABLE 173 ASIA PACIFIC: MARKET, BY CONTENT TYPE, 2024–2030 (USD MILLION)
  • TABLE 174 ASIA PACIFIC: MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
  • TABLE 175 ASIA PACIFIC: MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 176 ASIA PACIFIC: MARKET, BY BUSINESS FUNCTION, 2018–2023 (USD MILLION)
  • TABLE 177 ASIA PACIFIC: MARKET, BY BUSINESS FUNCTION, 2024–2030 (USD MILLION)
  • TABLE 178 ASIA PACIFIC: MARKET, BY VERTICAL, 2018–2023 (USD MILLION)
  • TABLE 179 ASIA PACIFIC: MARKET, BY VERTICAL, 2024–2030 (USD MILLION)
  • TABLE 180 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2023 (USD MILLION)
  • TABLE 181 ASIA PACIFIC: MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
  • TABLE 182 CHINA: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 183 CHINA: MARKET, BY OFFERING, 2024–2030 (USD MILLION)
  • TABLE 184 INDIA: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 185 INDIA: MARKET, BY OFFERING, 2024–2030 (USD MILLION)
  • TABLE 186 JAPAN: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 187 JAPAN: MARKET, BY OFFERING, 2024–2030 (USD MILLION)
  • TABLE 188 SOUTH KOREA: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 189 SOUTH KOREA: MARKET, BY OFFERING, 2024–2030 (USD MILLION)
  • TABLE 190 SINGAPORE: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 191 SINGAPORE: MARKET, BY OFFERING, 2024–2030 (USD MILLION)
  • TABLE 192 AUSTRALIA & NEW ZEALAND: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 193 AUSTRALIA & NEW ZEALAND: MARKET, BY OFFERING, 2024–2030 (USD MILLION)
  • TABLE 194 REST OF ASIA PACIFIC: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 195 REST OF ASIA PACIFIC: MARKET, BY OFFERING, 2024–2030 (USD MILLION)
  • TABLE 196 MIDDLE EAST & AFRICA: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 197 MIDDLE EAST & AFRICA: MARKET, BY OFFERING, 2024–2030 (USD MILLION)
  • TABLE 198 MIDDLE EAST & AFRICA: MARKET, BY SOFTWARE, 2018–2023 (USD MILLION)
  • TABLE 199 MIDDLE EAST & AFRICA: MARKET, BY SOFTWARE, 2024–2030 (USD MILLION)
  • TABLE 200 MIDDLE EAST & AFRICA: MARKET, BY SERVICE, 2018–2023 (USD MILLION)
  • TABLE 201 MIDDLE EAST & AFRICA: MARKET, BY SERVICE, 2024–2030 (USD MILLION)
  • TABLE 202 MIDDLE EAST & AFRICA: MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION)
  • TABLE 203 MIDDLE EAST & AFRICA: MARKET, BY PROFESSIONAL SERVICE, 2024–2030 (USD MILLION)
  • TABLE 204 MIDDLE EAST & AFRICA: MARKET, BY CONTENT TYPE, 2018–2023 (USD MILLION)
  • TABLE 205 MIDDLE EAST & AFRICA: MARKET, BY CONTENT TYPE, 2024–2030 (USD MILLION)
  • TABLE 206 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
  • TABLE 207 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 208 MIDDLE EAST & AFRICA: MARKET, BY BUSINESS FUNCTION, 2018–2023 (USD MILLION)
  • TABLE 209 MIDDLE EAST & AFRICA: MARKET, BY BUSINESS FUNCTION, 2024–2030 (USD MILLION)
  • TABLE 210 MIDDLE EAST & AFRICA: MARKET, BY VERTICAL, 2018–2023 (USD MILLION)
  • TABLE 211 MIDDLE EAST & AFRICA: MARKET, BY VERTICAL, 2024–2030 (USD MILLION)
  • TABLE 212 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2018–2023 (USD MILLION)
  • TABLE 213 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
  • TABLE 214 GCC: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 215 GCC: MARKET, BY OFFERING, 2024–2030 (USD MILLION)
  • TABLE 216 EGYPT: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 217 EGYPT: MARKET, BY OFFERING, 2024–2030 (USD MILLION)
  • TABLE 218 SOUTH AFRICA: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 219 SOUTH AFRICA: MARKET, BY OFFERING, 2024–2030 (USD MILLION)
  • TABLE 220 TURKEY: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 221 TURKEY: MARKET, BY OFFERING, 2024–2030 (USD MILLION)
  • TABLE 222 REST OF MIDDLE EAST & AFRICA: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 223 REST OF MIDDLE EAST & AFRICA: MARKET, BY OFFERING, 2024–2030 (USD MILLION)
  • TABLE 224 LATIN AMERICA: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 225 LATIN AMERICA: MARKET, BY OFFERING, 2024–2030 (USD MILLION)
  • TABLE 226 LATIN AMERICA: MARKET, BY SOFTWARE, 2018–2023 (USD MILLION)
  • TABLE 227 LATIN AMERICA: MARKET, BY SOFTWARE, 2024–2030 (USD MILLION)
  • TABLE 228 LATIN AMERICA: MARKET, BY SERVICE, 2018–2023 (USD MILLION)
  • TABLE 229 LATIN AMERICA: MARKET, BY SERVICE, 2024–2030 (USD MILLION)
  • TABLE 230 LATIN AMERICA: MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION)
  • TABLE 231 LATIN AMERICA: MARKET, BY PROFESSIONAL SERVICE, 2024–2030 (USD MILLION)
  • TABLE 232 LATIN AMERICA: MARKET, BY CONTENT TYPE, 2018–2023 (USD MILLION)
  • TABLE 233 LATIN AMERICA: MARKET, BY CONTENT TYPE, 2024–2030 (USD MILLION)
  • TABLE 234 LATIN AMERICA: MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
  • TABLE 235 LATIN AMERICA: MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 236 LATIN AMERICA: MARKET, BY BUSINESS FUNCTION, 2018–2023 (USD MILLION)
  • TABLE 237 LATIN AMERICA: MARKET, BY BUSINESS FUNCTION, 2024–2030 (USD MILLION)
  • TABLE 238 LATIN AMERICA: MARKET, BY VERTICAL, 2018–2023 (USD MILLION)
  • TABLE 239 LATIN AMERICA: MARKET, BY VERTICAL, 2024–2030 (USD MILLION)
  • TABLE 240 LATIN AMERICA: MARKET, BY COUNTRY, 2018–2023 (USD MILLION)
  • TABLE 241 LATIN AMERICA: MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
  • TABLE 242 BRAZIL: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 243 BRAZIL: MARKET, BY OFFERING, 2024–2030 (USD MILLION)
  • TABLE 244 MEXICO: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 245 MEXICO: MARKET, BY OFFERING, 2024–2030 (USD MILLION)
  • TABLE 246 ARGENTINA: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 247 ARGENTINA: MARKET, BY OFFERING, 2024–2030 (USD MILLION)
  • TABLE 248 REST OF LATIN AMERICA: MARKET, BY OFFERING, 2018–2023 (USD MILLION)
  • TABLE 249 REST OF LATIN AMERICA: MARKET, BY OFFERING, 2024–2030 (USD MILLION)
  • TABLE 250 OVERVIEW OF STRATEGIES ADOPTED BY KEY TRANSLATION MANAGEMENT SYSTEM VENDORS
  • TABLE 251 MARKET: DEGREE OF COMPETITION
  • TABLE 252 REGION FOOTPRINT (18 COMPANIES)
  • TABLE 253 OFFERING FOOTPRINT (18 COMPANIES)
  • TABLE 254 VERTICAL FOOTPRINT (18 COMPANIES)
  • TABLE 255 BUSINESS FUNCTION FOOTPRINT (18 COMPANIES)
  • TABLE 256 MARKET: DETAILED LIST OF KEY STARTUPS/SMES
  • TABLE 257 MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES
  • TABLE 258 MARKET: PRODUCT LAUNCHES/ENHANCEMENTS, JANUARY 2021–JANUARY 2024
  • TABLE 259 MARKET: DEALS, JANUARY 2021–JANUARY 2024
  • TABLE 260 TRANSPERFECT: BUSINESS OVERVIEW
  • TABLE 261 TRANSPERFECT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 262 TRANSPERFECT: PRODUCT LAUNCHES AND ENHANCEMENTS
  • TABLE 263 TRANSPERFECT: DEALS
  • TABLE 264 RWS GROUP: BUSINESS OVERVIEW
  • TABLE 265 RWS GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 266 RWS GROUP: PRODUCT LAUNCHES AND ENHANCEMENTS
  • TABLE 267 RWS GROUP: DEALS
  • TABLE 268 LANGUAGELINE SOLUTIONS: BUSINESS OVERVIEW
  • TABLE 269 LANGUAGELINE SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 270 LANGUAGELINE SOLUTIONS: DEALS
  • TABLE 271 LIONBRIDGE: BUSINESS OVERVIEW
  • TABLE 272 LIONBRIDGE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 273 LIONBRIDGE: DEALS
  • TABLE 274 ACOLAD GROUP: BUSINESS OVERVIEW
  • TABLE 275 ACOLAD GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 276 ACOLAD GROUP: PRODUCT LAUNCHES AND ENHANCEMENTS
  • TABLE 277 ACOLAD GROUP: DEALS
  • TABLE 278 WELOCALIZE: BUSINESS OVERVIEW
  • TABLE 279 WELOCALIZE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 280 WELOCALIZE: PRODUCT LAUNCHES AND ENHANCEMENTS
  • TABLE 281 WELOCALIZE: DEALS
  • TABLE 282 MICROSOFT: BUSINESS OVERVIEW
  • TABLE 283 MICROSOFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 284 MICROSOFT: PRODUCT LAUNCHES AND ENHANCEMENTS
  • TABLE 285 MICROSOFT: DEALS
  • TABLE 286 GOOGLE: BUSINESS OVERVIEW
  • TABLE 287 GOOGLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 288 GOOGLE: PRODUCT LAUNCHES AND ENHANCEMENTS
  • TABLE 289 GOOGLE: DEALS
  • TABLE 290 SAP: BUSINESS OVERVIEW
  • TABLE 291 SAP: SOLUTIONS/SERVICES/PRODUCTS OFFERED
  • TABLE 292 SAP: DEALS
  • TABLE 293 ORACLE: BUSINESS OVERVIEW
  • TABLE 294 ORACLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 295 ORACLE: PRODUCT LAUNCHES AND ENHANCEMENTS
  • TABLE 296 ORACLE: DEALS
  • TABLE 297 AWS: BUSINESS OVERVIEW
  • TABLE 298 AWS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 299 AWS: PRODUCT LAUNCHES AND ENHANCEMENTS
  • TABLE 300 AWS: DEALS
  • TABLE 301 SPEECH ANALYTICS MARKET, BY COMPONENT, 2017–2021 (USD MILLION)
  • TABLE 302 SPEECH ANALYTICS MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
  • TABLE 303 SPEECH ANALYTICS MARKET, BY BUSINESS FUNCTION, 2017–2021 (USD MILLION)
  • TABLE 304 SPEECH ANALYTICS MARKET, BY BUSINESS FUNCTION, 2022–2027 (USD MILLION)
  • TABLE 305 SPEECH ANALYTICS MARKET, BY ORGANIZATION SIZE, 2017–2021 (USD MILLION)
  • TABLE 306 SPEECH ANALYTICS MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
  • TABLE 307 SPEECH ANALYTICS MARKET, BY DEPLOYMENT MODE, 2017–2021 (USD MILLION)
  • TABLE 308 SPEECH ANALYTICS MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
  • TABLE 309 SPEECH ANALYTICS MARKET, BY REGION, 2017–2021 (USD MILLION)
  • TABLE 310 SPEECH ANALYTICS MARKET, BY REGION, 2022–2027 (USD MILLION)
  • TABLE 311 SPEECH-TO-TEXT API MARKET, BY COMPONENT, 2017–2020 (USD MILLION)
  • TABLE 312 SPEECH-TO-TEXT API MARKET, BY COMPONENT, 2021–2026 (USD MILLION)
  • TABLE 313 SPEECH-TO-TEXT API MARKET, BY DEPLOYMENT MODE, 2017–2020 (USD MILLION)
  • TABLE 314 SPEECH-TO-TEXT API MARKET, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
  • TABLE 315 SPEECH-TO-TEXT API MARKET, BY ORGANIZATION SIZE, 2017–2020 (USD MILLION)
  • TABLE 316 SPEECH-TO-TEXT API MARKET, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
  • TABLE 317 SPEECH-TO-TEXT API MARKET, BY REGION, 2017–2020 (USD MILLION)
  • TABLE 318 SPEECH-TO-TEXT API MARKET, BY REGION, 2021–2026 (USD MILLION)
LIST OF FIGURES
 
  • FIGURE 1 MARKET: RESEARCH DESIGN
  • FIGURE 2 DATA TRIANGULATION
  • FIGURE 3 TRANSLATION MANAGEMENT SYSTEMS MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES
  • FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 1, BOTTOM-UP (SUPPLY SIDE): REVENUE FROM SOLUTIONS/SERVICES OF TRANSLATION MANAGEMENT SYSTEM VENDORS
  • FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 2, BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE FROM ALL SOLUTIONS/SERVICES OF TRANSLATION MANAGEMENT SYSTEM VENDORS
  • FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 3, BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE FROM ALL SOLUTIONS/SERVICES OF TRANSLATION MANAGEMENT SYSTEM VENDORS
  • FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 4, BOTTOM-UP (DEMAND SIDE): SHARE OF TRANSLATION MANAGEMENT SYSTEMS THROUGH OVERALL LANGUAGE TECHNOLOGY SPENDING
  • FIGURE 8 SOFTWARE SEGMENT TO ACCOUNT FOR LARGER MARKET IN 2024
  • FIGURE 9 TRANSLATION SOFTWARE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
  • FIGURE 10 PROFESSIONAL SERVICES SEGMENT TO DOMINATE MARKET IN 2024
  • FIGURE 11 SYSTEM INTEGRATION & DEPLOYMENT SERVICES SEGMENT TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD
  • FIGURE 12 SALES & MARKETING SEGMENT TO LEAD MARKET IN 2024
  • FIGURE 13 AUDIO-BASED CONTENT SEGMENT TO REGISTER FASTEST GROWTH DURING FORECAST PERIOD
  • FIGURE 14 TRANSLATION SEGMENT TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD
  • FIGURE 15 RETAIL & E-COMMERCE SEGMENT TO ACHIEVE HIGHEST GROWTH DURING FORECAST PERIOD
  • FIGURE 16 ASIA PACIFIC TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD
  • FIGURE 17 AMPLIFIED DEMAND FOR LOCALIZATION INSIGHTS TO PROPAGATE EXPONENTIAL GROWTH IN TRANSLATION MANAGEMENT SYSTEMS MARKET
  • FIGURE 18 TERMINOLOGY MANAGEMENT SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
  • FIGURE 19 SOFTWARE AND BFSI SEGMENTS TO ACCOUNT FOR SIGNIFICANT SHARE IN 2024
  • FIGURE 20 EUROPE TO ACCOUNT FOR LARGEST SHARE IN 2024
  • FIGURE 21 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: TRANSLATION MANAGEMENT SYSTEMS MARKET
  • FIGURE 22 SUBSTANTIAL RISE IN MULTILINGUALISM ACROSS DIGITAL CONTENT
  • FIGURE 23 E-COMMERCE PLATFORMS WITH HIGHEST PERCENTAGE OF CROSS-BORDER PURCHASES IN 2023
  • FIGURE 24 MACHINE-BASED TRANSLATIONS HAVE STRUGGLED TO MATCH HUMAN TRANSLATION ACCURACY
  • FIGURE 25 LANGUAGES WITH LOWEST MACHINE TRANSLATION ACCURACY RATES, 2022
  • FIGURE 26 TOP USE CASES OF AI IN TRANSLATION ACTIVITIES, 2022
  • FIGURE 27 REPUTATION DAMAGE CAUSED TO BRANDS IN ASIA PACIFIC BY TRANSLATION MISTAKES, 2022
  • FIGURE 28 EVOLUTION OF TRANSLATION MANAGEMENT SYSTEMS MARKET
  • FIGURE 29 TRANSLATION MANAGEMENT SYSTEMS: ARCHITECTURE
  • FIGURE 30 TRANSLATION MANAGEMENT SYSTEMS MARKET: VALUE CHAIN ANALYSIS
  • FIGURE 31 KEY PLAYERS IN TRANSLATION MANAGEMENT SYSTEM MARKET ECOSYSTEM
  • FIGURE 32 LEADING TRANSLATION MANAGEMENT STARTUPS, BY FUNDING VALUE AND FUNDING ROUND, 2023
  • FIGURE 33 FUNDING IN LANGUAGE TECHNOLOGIES, BY CATEGORY, 2022 (USD MILLION)
  • FIGURE 34 LANGUAGE AI FUNDING AS PERCENTAGE OF TOTAL AI FUNDING IN MAJOR COUNTRIES, 2013–2018
  • FIGURE 35 NUMBER OF PATENTS GRANTED IN LAST 10 YEARS, 2013–2023
  • FIGURE 36 TOP 10 APPLICANTS IN TRANSLATION MANAGEMENT SYSTEMS MARKET, 2013–2023
  • FIGURE 37 REGIONAL ANALYSIS OF PATENTS GRANTED, 2013–2023
  • FIGURE 38 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY SOFTWARE TYPE
  • FIGURE 39 EXPORT OF COMPUTER SOFTWARE, BY KEY COUNTRY, 2015–2022 (USD BILLION)
  • FIGURE 40 IMPORT OF COMPUTER SOFTWARE, BY KEY COUNTRY, 2015–2022 (USD BILLION)
  • FIGURE 41 PORTER’S FIVE FORCES ANALYSIS: TRANSLATION MANAGEMENT SYSTEMS MARKET
  • FIGURE 42 TECHNOLOGY ROADMAP FOR TRANSLATION MANAGEMENT SYSTEMS MARKET
  • FIGURE 43 TRANSLATION MANAGEMENT SYSTEMS: BUSINESS MODELS
  • FIGURE 44 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
  • FIGURE 45 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY VERTICALS
  • FIGURE 46 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
  • FIGURE 47 SOFTWARE SEGMENT TO REGISTER LARGER MARKET SHARE IN 2024
  • FIGURE 48 TERMINOLOGY MANAGEMENT SOFTWARE TO BE FASTEST-GROWING SOFTWARE SEGMENT BETWEEN 2024 AND 2030
  • FIGURE 49 MANAGED SERVICES TO REGISTER HIGHER GROWTH RATE IN TRANSLATION MANAGEMENT SYSTEMS MARKET BETWEEN 2024 AND 2030
  • FIGURE 50 SALES & MARKETING SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
  • FIGURE 51 TEXT-BASED CONTENT SEGMENT TO REGISTER LARGEST MARKET SHARE IN 2024
  • FIGURE 52 TRANSLATION SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
  • FIGURE 53 RETAIL & E-COMMERCE VERTICAL TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 54 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 55 SINGAPORE TO REGISTER HIGHEST GROWTH RATE IN TRANSLATION MANAGEMENT SYSTEMS MARKET DURING FORECAST PERIOD
  • FIGURE 56 EUROPE: TRANSLATION MANAGEMENT SYSTEMS MARKET SNAPSHOT
  • FIGURE 57 ASIA PACIFIC: TRANSLATION MANAGEMENT SYSTEMS MARKET SNAPSHOT
  • FIGURE 58 TOP 5 PLAYERS DOMINATED MARKET FOR LAST 5 YEARS
  • FIGURE 59 SHARE OF LEADING COMPANIES IN TRANSLATION MANAGEMENT SYSTEMS MARKET, 2023
  • FIGURE 60 BRAND/PRODUCT COMPARATIVE ANALYSIS, BY TRANSLATION SOFTWARE
  • FIGURE 61 BRAND/PRODUCT COMPARATIVE ANALYSIS, BY TERMINOLOGY MANAGEMENT SOFTWARE
  • FIGURE 62 BRAND/PRODUCT COMPARATIVE ANALYSIS, BY TRANSLATION QUALITY ASSURANCE SOFTWARE
  • FIGURE 63 COMPANY VALUATION AND FINANCIAL METRICS OF KEY VENDORS
  • FIGURE 64 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY VENDORS
  • FIGURE 65 TRANSLATION MANAGEMENT SYSTEMS MARKET: COMPANY EVALUATION MATRIX, 2023
  • FIGURE 66 COMPANY FOOTPRINT (18 COMPANIES)
  • FIGURE 67 TRANSLATION MANAGEMENT SYSTEMS MARKET: STARTUP/SME EVALUATION MATRIX, 2023
  • FIGURE 68 RWS GROUP: COMPANY SNAPSHOT
  • FIGURE 69 MICROSOFT: COMPANY SNAPSHOT
  • FIGURE 70 GOOGLE: COMPANY SNAPSHOT
  • FIGURE 71 SAP: COMPANY SNAPSHOT
  • FIGURE 72 ORACLE: COMPANY SNAPSHOT
  • FIGURE 73 AWS: COMPANY SNAPSHOT

 

The translation management systems market research study involved extensive secondary sources, directories, journals, and paid databases. Primary sources were mainly industry experts from the core and related industries, preferred translation management systems providers, third-party service providers, consulting service providers, end users, and other commercial enterprises. In-depth interviews were conducted with various primary respondents, including key industry participants and subject matter experts, to obtain and verify critical qualitative and quantitative information, and assess the market’s prospects.

Secondary Research

In the secondary research process, various sources were referred to, for identifying and collecting information for this study. Secondary sources included annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases. The data was also collected from other secondary sources, such as journals, government websites, blogs, and vendors websites. Additionally, translation management systems spending of various countries was extracted from the respective sources. Secondary research was mainly used to obtain key information related to the industry’s value chain and supply chain to identify key players based on solutions, services, market classification, and segmentation according to offerings of major players, industry trends related to software, hardware, services, technology, applications, warehouse sizes, verticals, and regions, and key developments from both market- and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, including Chief Experience Officers (CXOs); Vice Presidents (VPs); directors from business development, marketing, and translation management systems expertise; related key executives from translation management systems solution vendors, SIs, professional service providers, and industry associations; and key opinion leaders.

Primary interviews were conducted to gather insights, such as market statistics, revenue data collected from solutions and services, market breakups, market size estimations, market forecasts, and data triangulation. Primary research also helped in understanding various trends related to technologies, applications, deployments, and regions. Stakeholders from the demand side, such as Chief Information Officers (CIOs), Chief Technology Officers (CTOs), Chief Strategy Officers (CSOs), and end users using translation management systems solutions, were interviewed to understand the buyer’s perspective on suppliers, products, service providers, and their current usage of translation management systems solutions and services, which would impact the overall translation management systems market.

Translation Management Systems Market Size, and Share

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COMPANY NAME

DESIGNATION

Lingo24

 Language Technology, Localization Content Lifecycle & Translation Workflow Consultant

RWS Group

 Director, Linguistic AI Consultant

Localization Lab

 Translation and Localization Professional

BingX

 Language Localization Specialist & Language Owner

Unbabel

 Language Operations Specialist

Commit Global

 Localization Project Manager

Pegasystems

 Senior Localization Specialist, Product UI

Centific

 Director of Strategy & Research

AWS

 Senior Consultant AI & ML

Expert AI

 Senior Project Manager

Senseforth AI

 Senior Software Developer- AI

Market Size Estimation

In the bottom-up approach, the adoption rate of translation management systems solutions and services among different end users in key countries with respect to their regions contributing the most to the market share was identified. For cross-validation, the adoption of translation management systems solutions and services among industries, along with different use cases with respect to their regions, was identified and extrapolated. Weightage was given to use cases identified in different regions for the market size calculation.

Based on the market numbers, the regional split was determined by primary and secondary sources. The procedure included the analysis of the translation management systems market’s regional penetration. Based on secondary research, the regional spending on Information and Communications Technology (ICT), socio-economic analysis of each country, strategic vendor analysis of major translation management systems providers, and organic and inorganic business development activities of regional and global players were estimated. With the data triangulation procedure and data validation through primary interviews, the exact values of the overall translation management systems market size and segments’ size were determined and confirmed using the study.

Global Translation management systems Market Size: Bottom-Up and Top-Down Approach:

Translation Management Systems Market Bottom Up Approach

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Data Triangulation

Based on the market numbers, the regional split was determined by primary and secondary sources. The procedure included the analysis of the translation management systems market’s regional penetration. Based on secondary research, the regional spending on Information and Communications Technology (ICT), socio-economic analysis of each country, strategic vendor analysis of major translation management systems providers, and organic and inorganic business development activities of regional and global players were estimated. With the data triangulation procedure and data validation through primaries, the exact values of the overall Translation management systems market size and segments’ size were determined and confirmed using the study.

Market Definition

According to RWS, a translation management system is software for automating human language translation efforts. A TMS’s purpose is to optimize the translation processes in an organization by creating automated workflows for translating repeatable and already previously translated content, freeing time for translators who can now focus on fine-tuning translated content or on translating content that is more nuanced and needs a human touch for a perfect end-result. A TMS centralizes all translation efforts, offering enterprises a single solution for managing all content translation and localization efforts. A TMS comprises tools like translation memory, vocabulary management, collaboration tools, a quality assurance module, or a content translation dashboard for estimating costs. From an integration perspective, most TMSs are based on open standards-based architectures that enable seamless integration with other software from the enterprise suite. Digital asset management (DAM), software configuration management (SCM), databases, and file systems are some content repositories that TMSs integrate, source from, or deliver content to.

Stakeholders

  • Application design and software developers
  • Translation management systems software vendors
  • Business analysts
  • Cloud service providers
  • Consulting service providers
  • Enterprise end-users
  • Distributors and Value-added Resellers (VARs)
  • Government agencies
  • Independent Software Vendors (ISV)
  • Managed service providers
  • Market research and consulting firms
  • Support and maintenance service providers
  • System Integrators (SIs)/migration service providers
  • Language service providers
  • Technology providers

Report Objectives

  • To define, describe, and predict the translation management systems market by offering (software and services), application, content type, business function, vertical, and region
  • To provide detailed information related to major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the market growth
  • To analyze the micro markets with respect to individual growth trends, prospects, and their contribution to the total market
  • To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market
  • To analyze opportunities in the market and provide details of the competitive landscape for stakeholders and market leaders
  • To forecast the market size of segments for five main regions: North America, Europe, Asia Pacific, Middle East Africa, and Latin America
  • To profile key players and comprehensively analyze their market rankings and core competencies.
  • To analyze competitive developments, such as partnerships, new product launches, and mergers and acquisitions, in the market
  • To analyze the impact of recession across all the regions across the translation management systems market

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per your company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product quadrant, which gives a detailed comparison of the product portfolio of each company.

Geographic Analysis

  • Further breakup of the North American translation management systems market
  • Further breakup of the European market
  • Further breakup of the Asia Pacific market
  • Further breakup of the Middle Eastern & African market
  • Further breakup of the Latin America market

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

Previous Versions of this Report

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