Global Language Translation Software and Services Market
LONDON, Dec. 30, 2014 /PRNewswire/ -- This report analyzes the worldwide markets for Language Translation Software and Services in US$ Million. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2013 through 2020. Also, a seven-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 110 companies including many key and niche players such as -
AppTek
Babylon Ltd.
euroscript International S.A.
Google Inc.
Global Linguist Solutions LLC
Download the full report: https://www.reportbuyer.com/product/960428/
I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS
Study Reliability and Reporting Limitations I-1Disclaimers I-2Data Interpretation & Reporting Level I-2Quantitative Techniques & Analytics I-3Product Definitions and Scope of Study I-3II. EXECUTIVE SUMMARY
1. INDUSTRY OVERVIEW II-1
Translation Services Market Surges Ahead II-1
Current and Future Analysis II-2
Translation Industry Defies Recession II-2
US - The Largest Market II-3
Developing Economies to Drive Growth II-3
Improving Global GDP Signals Prospects for Business Expansion II-4
Table 1: World Real GDP Growth Rates in % for the Years 2012
to 2015: Breakdown by Country (includes corresponding
Graph/Chart) II-5
Language Translation Software Market: An Insight II-6
Table 2: Global Market for Language Software Technology by
Segment (2012 & 2014E): Percentage Share Breakdown of Value
Sales for Intelligent Content, Speech, and Translation
(includes corresponding Graph/Chart) II-6
Computer-based Translation Systems: An Overview II-7
Competitive Landscape in the Machine Translation Market II-8
Online Translation Market Players Increase in Number II-8
2. MARKET DYNAMICS II-9Globalization Drives Demand II-9The Rise of Internet-based Business Operations Lends Tractionto Market II-9Table 3: Global Proliferation Rate (%) of Internet by Region - 2012 (includes corresponding Graph/Chart) II-10
Table 4: Internet Usage by Language (2013): Percentage
Breakdown of Number of Users for Arabic, Chinese, English,
French, German, Japanese, Portuguese, Russian, Spanish and
Others (includes corresponding Graph/Chart) II-10
Table 5: Web Content by Language: Percentage Breakdown ofContent for Chinese, Dutch, English, French, German, Italian,Japanese, Polish, Portuguese, Russian, Spanish, Turkish, andOthers (includes corresponding Graph/Chart) II-11Growing Emphasis on Web Localization II-11Technological Advances to Fuel Growth in Language Technology II-11Technology for Translating Difficult Languages II-12Crowdsourcing Grows Stronger II-12Social Media Marketing to Lend Traction II-13Mobile Technology Promotes Machine Translation II-13Growing Smartphone Sales - A Business Case II-14Table 6: Top Ten Countries by Number of Mobile Users (2012)(includes corresponding Graph/Chart) II-15
Table 7: World Smart-phones Market (2011, 2013 & 2017P):
Breakdown of Sales in Thousand Units by Geographic
Region/Country (includes corresponding Graph/Chart) II-16
Table 8: Top Mobile App Languages by Popularity: PercentageShare Breakdown of Most Used Language (includescorresponding Graph/Chart) II-17Hybrid Machine Translation Blends Statistics and Rules II-17Real Time Translation: Yet to Become a Reality II-17Cloud - Based Services on the Rise II-18Human Translators - Still in Demand II-18Telepresence Propels Growth in Language Translation Market II-19Burgeoning Demand for Financial Translations Services II-19Localization in Medical Sector II-19Industry Faces Copyright Issues II-20Price - A Major Concern for Mid-Size Language Service Providers II-20
3. AN INSIGHT INTO LANGUAGE TRANSLATION INDUSTRY II-21
Translation Service: An Introduction II-21
Evolution of Language Translation Industry II-21
Automated Translations - A Historic Preview II-22
Industry Structure II-22
Language Service Providers II-22
Sought After Attributes in Translators II-23
Translation Companies II-23
Universities or Language Schools II-23
Freelance Translators II-23
Free Online Translation Services II-23
An Overview of Language Industry Services II-24
Interpretation II-24
Machine Translation II-24
Machine Translation Software II-25
Applications II-25
Computer-Assisted Translation II-25
Language Translation Software II-25
Online Translations II-26
Translation Memory II-26
Translation Memory Software II-27
Applications II-27
Technical Translation II-27
Mobile Translation II-27
Standards and Regulations II-27
4. PRODUCT/SERVICE LAUNCHES II-29Translate Your World Unveils SIMS II-29Waygo Introduces Japanese Visual Translator II-29Editage Unveils Multiple Language Translation Services II-29Lionbridge Introduces Additional Features for GeoFluent® II-29Welocalize Introduces New GlobalSight 8.5.1 II-29Yandex Adds New Languages II-29Sajan to Unveil Transplicity II-29Babylon Unveils Improved Babylon Translator Version II-30Transfluent Expands Localization Software to G-Cloud CloudStore II-30SDL and Capax Global Unveil Sonic Extractor II-30SpeechTrans Unveils S2S Software for Windows 8 II-30Voxbone Upgrades Lexifone Network II-30
5. RECENT INDUSTRY ACTIVITY II-31
Transaltions.com Enters Multilingual Content Management Deal
with Subway II-31
Cigna Collaborates with TransPerfect II-31
SYSTRAN Introduces New Website II-31
DocuSign and Welocalize Sign Localization Deal II-31
R.R. Donnelley Signs Deal to Take Over Multicorpora II-31
Theonera Partners with Summa Linguae to Offer Translation
Services II-31
Welocalize Takes Over CD Language II-31
Intonation Takes Over UPS Translations II-31
CSLi Purchases SYSTRAN II-32
NET-A-PORTER Signs Deal with Lionbridge for Content Management II-32
AppTek Takes Over Leidos' Omnifluent & Related Business II-32
SDL Enters into Translation Deal with Husqvarna II-32
Welocalize Enters Localization Partnership with Louvre Hotels II-32
Xplanation Takes Over LNE II-32
LanguageLine Takes Over Pacific Interpreters II-32
6. FOCUS ON SELECT GLOBAL PLAYERS II-33AppTek (US) II-33Babylon Ltd. (Israel) II-33euroscript International S.A. (Luxembourg) II-33Google Inc. (US) II-33Global Linguist Solutions LLC (US) II-34Hewlett-Packard Development Company L.P (US) II-34International Business Machines Corporation (US) II-34LanguageLine Solutions (US) II-35Lionbridge Technologies Inc. (US) II-35Manpower Group Solutions (US) II-36Moravia IT a.s (Czech Republic) II-36RWS Group (UK) II-36Sajan (US) II-37SDL plc (UK) II-37STAR Group (Switzerland) II-37SYSTRAN S.A. (France) II-38thebigword Group Plc. (UK) II-38Translations.com (US) II-38TransPerfect Translations International Inc (US) II-39Welocalize Inc. (US) II-39Xerox Corporation (US) II-39
7. GLOBAL MARKET PERSPECTIVE II-40
Table 9: World Recent Past, Current & Future Analysis for
Language Translation Software and Services by Geographic
Region - US, Canada, Japan, Europe, Asia-Pacific, Latin
America and Rest of World Markets Independently Analyzed with
Annual Revenue Figures in US$ Million for Years 2013 through
2020 (includes corresponding Graph/Chart) II-40
Table 10: World Historic Review for Language TranslationSoftware and Services by Geographic Region - US, Canada,Japan, Europe, Asia-Pacific, Latin America and Rest of WorldMarkets Independently Analyzed with Annual Revenue Figures inUS$ Million for Years 2006 through 2012 (includescorresponding Graph/Chart) II-41
Table 11: World 15-Year Perspective for Language Translation
Software and Services by Geographic Region - Percentage
Breakdown of Revenues for US, Canada, Japan, Europe,
Asia-Pacific, Latin America and Rest of World Markets for
Years 2006, 2014 & 2020 (includes corresponding Graph/Chart) II-42
III. MARKET
1. THE UNITED STATES III-1
A.Market Analysis III-1
Outlook III-1
Economic Recovery Rekindles Demand for Language Services III-1
Computers & Software: Widely Used Tools for Translation III-1
Rising Demand for Translation from Medical Device Sector III-1
Customization - The Future of Translation Solutions III-2
Product Launches III-2
Strategic Corporate Developments III-3
Key Players III-4
B.Market Analytics III-9
Table 12: US Recent Past, Current & Future Analysis for
Language Translation Software and Services Analyzed with
Annual Revenue Figures in US$ Million for Years 2013 through
2020 (includes corresponding Graph/Chart) III-9
Table 13: US Historic Review for Language TranslationSoftware and Services Analyzed with Annual Revenue Figuresin US$ Million for Years 2006 through 2012 (includescorresponding Graph/Chart) III-10
2. CANADA III-11
A.Market Analysis III-11
Overview III-11
Canadian Translation Market - A New Employment Arena III-11
Product Launch III-11
Strategic Corporate Development III-12
B.Market Analytics III-12
Table 14: Canadian Recent Past, Current & Future Analysis
for Language Translation Software and Services Analyzed with
Annual Revenue Figures in US$ Million for Years 2013 through
2020 (includes corresponding Graph/Chart) III-12
Table 15: Canadian Historic Review for Language TranslationSoftware and Services Analyzed with Annual Revenue Figuresin US$ Million for Years 2006 through 2012 (includescorresponding Graph/Chart) III-13
3. JAPAN III-14
Market Analysis III-14
Table 16: Japanese Recent Past, Current & Future Analysis
for Language Translation Software and Services Analyzed with
Annual Revenue Figures in US$ Million for Years 2013 through
2020 (includes corresponding Graph/Chart) III-14
Table 17: Japanese Historic Review for Language TranslationSoftware and Services Analyzed with Annual Revenue Figuresin US$ Million for Years 2006 through 2012 (includescorresponding Graph/Chart) III-15
4. EUROPE III-16
A.Market Analysis III-16
Outlook III-16
The Demographic Profile of Users Drives Market III-16
Eastern Europe: Potential Opportunities for Translation
Industry III-17
Translation Industry & Energy Sector III-17
MT@EC to Address Challenges in the European Translation
Industry III-17
Consolidation Poses Trouble for Individual and Small Service
Providers III-17
B.Market Analytics III-18
Table 18: European Recent Past, Current & Future Analysis
for Language Translation Software and Services by Geographic
Region - France, Germany, Italy, UK, Spain, Russia, and Rest
of Europe Markets Independently Analyzed with Annual Revenue
Figures in US$ Million for Years 2013 through 2020 (includes
corresponding Graph/Chart) III-18
Table 19: European Historic Review for Language TranslationSoftware and Services by Geographic Region - France,Germany, Italy, UK, Spain, Russia, and Rest of EuropeMarkets Independently Analyzed with Annual Revenue Figuresin US$ Million for Years 2006 through 2012 (includescorresponding Graph/Chart) III-19
Table 20: European 15-Year Perspective for Language
Translation Software and Services by Geographic Region -
Percentage Breakdown of Revenues for France, Germany, Italy,
UK, Spain, Russia, and Rest of Europe Markets for Years
2006, 2014 & 2020 (includes corresponding Graph/Chart) III-20
4a. FRANCE III-21A.Market Analysis III-21Outlook III-21French Language Translation Service Providers in Demand III-21Product Launch III-21Strategic Corporate Developments III-21Systran S.A. - A Key Player III-22B.Market Analytics III-23Table 21: French Recent Past, Current & Future Analysis forLanguage Translation Software and Services Analyzed withAnnual Revenue Figures in US$ Million for Years 2013 through2020 (includes corresponding Graph/Chart) III-23
Table 22: French Historic Review for Language Translation
Software and Services Analyzed with Annual Revenue Figures
in US$ Million for Years 2006 through 2012 (includes
corresponding Graph/Chart) III-24
4b. GERMANY III-25A.Market Analysis III-25Outlook III-25B.Market Analytics III-25Table 23: German Recent Past, Current & Future Analysis for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2013 through2020 (includes corresponding Graph/Chart) III-25
Table 24: German Historic Review for Language Translation
Software and Services Analyzed with Annual Revenue Figures
in US$ Million for Years 2006 through 2012 (includes
corresponding Graph/Chart) III-26
4c. ITALY III-27Market Analysis III-27Table 25: Italian Recent Past, Current & Future Analysis for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2013 through2020 (includes corresponding Graph/Chart) III-27
Table 26: Italian Historic Review for Language Translation
Software and Services Analyzed with Annual Revenue Figures
in US$ Million for Years 2006 through 2012 (includes
corresponding Graph/Chart) III-28
4d. THE UNITED KINGDOM III-29A.Market Analysis III-29Outlook III-29Rising Demand for Welsh Translation Services III-29Product Launches III-29Strategic Corporate Development III-29Key Players III-30B.Market Analytics III-31Table 27: UK Recent Past, Current & Future Analysis for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2013 through2020 (includes corresponding Graph/Chart) III-31
Table 28: UK Historic Review for Language Translation
Software and Services Analyzed with Annual Revenue Figures
in US$ Million for Years 2006 through 2012 (includes
corresponding Graph/Chart) III-32
4e. SPAIN III-33A.Market Analysis III-33Outlook III-33Overview III-33B.Market Analytics III-33Table 29: Spanish Recent Past, Current & Future Analysis for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2013 through2020 (includes corresponding Graph/Chart) III-33
Table 30: Spanish Historic Review for Language Translation
Software and Services Analyzed with Annual Revenue Figures
in US$ Million for Years 2006 through 2012 (includes
corresponding Graph/Chart) III-34
4f. RUSSIA III-35A.Market Analysis III-35Product Launch III-35B.Market Analytics III-35Table 31: Russian Recent Past, Current & Future Analysis for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2013 through2020 (includes corresponding Graph/Chart) III-35
Table 32: Russian Historic Review for Language Translation
Software and Services Analyzed with Annual Revenue Figures
in US$ Million for Years 2006 through 2012 (includes
corresponding Graph/Chart) III-36
4g. REST OF EUROPE III-37A.Market Analysis III-37Outlook III-37Product Launch III-37Strategic Corporate Developments III-37Key Players III-37B.Market Analytics III-39Table 33: Rest of Europe Recent Past, Current & Future Analysis for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart) III-39
Table 34: Rest of Europe Historic Review for Language
Translation Software and Services Analyzed with Annual
Revenue Figures in US$ Million for Years 2006 through 2012
(includes corresponding Graph/Chart) III-40
5. ASIA-PACIFIC III-41A.Market Analysis III-41Outlook III-41B.Market Analytics III-41Table 35: Asia-Pacific Recent Past, Current & Future Analysis for Language Translation Software and Services by Geographic Region - China, India and Rest of Asia-Pacific Markets Independently Analyzed with Annual Revenue Figures in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart) III-41
Table 36: Asia-Pacific Historic Review for Language
Translation Software and Services by Geographic Region -
China, India and Rest of Asia-Pacific Markets Independently
Analyzed with Annual Revenue Figures in US$ Million for
Years 2006 through 2012 (includes corresponding Graph/Chart) III-42
Table 37: Asia-Pacific 15-Year Perspective for Language Translation Software and Services by Geographic Region -Percentage Breakdown of Revenues for China, India and Rest of Asia-Pacific Markets for Years 2006, 2014 & 2020(includes corresponding Graph/Chart) III-43
5a. CHINA III-44
A.Market Analysis III-44
Outlook III-44
New Tools for Translation Transform Industry Operations III-44
Software for Translating Ethnic Languages III-44
Localization Sector: Huge Opportunity III-44
Challenges Facing the Industry III-45
B.Market Analytics III-45
Table 38: Chinese Recent Past, Current & Future Analysis for
Language Translation Software and Services Analyzed with
Annual Revenue Figures in US$ Million for Years 2013 through
2020 (includes corresponding Graph/Chart) III-45
Table 39: Chinese Historic Review for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2006 through 2012 (includes corresponding Graph/Chart) III-46
5b. INDIA III-47
A.Market Analysis III-47
Outlook III-47
Overview III-47
Language Translation Sector Gains Impetus III-47
B.Market Analytics III-48
Table 40: Indian Recent Past, Current & Future Analysis for
Language Translation Software and Services Analyzed with
Annual Revenue Figures in US$ Million for Years 2013 through
2020 (includes corresponding Graph/Chart) III-48
Table 41: Indian Historic Review for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2006 through 2012 (includes corresponding Graph/Chart) III-49
5c. REST OF ASIA-PACIFIC III-50
A.Market Analysis III-50
Outlook III-50
Overview of Select Markets III-50
Korea III-50
Declining Standards: A Cause of Concern in Translation
Services Industry III-50
Malaysia III-50
Globalization Spurs Growth in Language Industry III-50
B.Market Analytics III-51
Table 42: Rest of Asia-Pacific Recent Past, Current & Future
Analysis for Language Translation Software and Services
Analyzed with Annual Revenue Figures in US$ Million for
Years 2013 through 2020 (includes corresponding Graph/Chart) III-51
Table 43: Rest of Asia-Pacific Historic Review for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2006 through 2012(includes corresponding Graph/Chart) III-52
6. LATIN AMERICA III-53
A.Market Analysis III-53
Latin America: Continuous Growth of Language Services Industry III-53
B.Market Analytics III-54
Table 44: Latin American Recent Past, Current & Future
Analysis for Language Translation Software and Services by
Geographic Region - Brazil and Rest of Latin America Markets
Independently Analyzed with Annual Revenue Figures in US$
Million for Years 2013 through 2020 (includes corresponding
Graph/Chart) III-54
Table 45: Latin American Historic Review for Language Translation Software and Services by Geographic Region -Brazil and Rest of Latin America Markets Independently Analyzed with Annual Revenue Figures in US$ Million for Years 2006 through 2012 (includes corresponding Graph/Chart) III-55
Table 46: Latin American 15-Year Perspective for Language
Translation Software and Services by Geographic Region -
Percentage Breakdown of Revenues for Brazil and Rest of
Latin America Markets for Years 2006, 2014 & 2020 (includes
corresponding Graph/Chart) III-56
6a. BRAZIL III-57Market Analysis III-57Table 47: Brazilian Recent Past, Current & Future Analysis for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2013 through2020 (includes corresponding Graph/Chart) III-57
Table 48: Brazilian Historic Review for Language Translation
Software and Services Analyzed with Annual Revenue Figures
in US$ Million for Years 2006 through 2012 (includes
corresponding Graph/Chart) III-58
6b. REST OF LATIN AMERICA III-59Market Analysis III-59Table 49: Rest of Latin America Recent Past, Current &Future Analysis for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart) III-59
Table 50: Rest of Latin America Historic Review for Language
Translation Software and Services Analyzed with Annual
Revenue Figures in US$ Million for Years 2006 through 2012
(includes corresponding Graph/Chart) III-60
7. REST OF WORLD III-61A.Market Analysis III-61Outlook III-61Saudi Arabia: Translation Industry Witnesses Rapid Growth III-61Product Launch III-61Babylon Ltd. (Israel) - A Key Player III-61B.Market Analytics III-62Table 51: Rest of World Recent Past, Current & Future Analysis for Language Translation Software and Services Analyzed with Annual Revenue Figures in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart) III-62
Table 52: Rest of World Historic Review for Language
Translation Software and Services Analyzed with Annual
Revenue Figures in US$ Million for Years 2006 through 2012
(includes corresponding Graph/Chart) III-63
IV. COMPETITIVE LANDSCAPE
Total Companies Profiled: 110 (including Divisions/Subsidiaries - 115)
The United States (54)Canada (5)Japan (1)Europe (39)- France (3)- Germany (6)- The United Kingdom (9)- Spain (1)- Rest of Europe (20)Asia-Pacific (Excluding Japan) (8)Africa (2)Middle East (6)
Download the full report: https://www.reportbuyer.com/product/960428/
About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers http://www.reportbuyer.com
For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]
Tel: +44 208 816 85 48
Website: www.reportbuyer.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-language-translation-software-and-services-market-300014556.html
SOURCE ReportBuyer
Share this article