Translation Management Software Market | Growth Drivers and Market Trends
Alphabet Inc., International Business Machines Corp., ICD Translation Inc., Lingotek Inc., Lionbridge Technologies LLC, and Microsoft Corp. are some of the key market vendors discussed in the research report
The Global Translation management software market is projected to grow by $ 1.58 billion, accelerating at a CAGR of 14.81% till 2025 owing to factors such as exponential increase in the volume of data. Proper translation management software is required to ensure data accuracy and to reduce the time taken to interpret data from various sources. In addition, the emergence of cloud computing services is a key trend that is expected to drive market growth.
This research report delineates all the growth drivers that will boost market growth along with a detailed analysis of the market segments, trends and challenges that are likely to impact market growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
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Translation Management Software Market: Segments and Geographical Regions
- This report segments the market Deployment (On-premises and Cloud-based) and Geography (North America, Europe, APAC, MEA, and South America).
- Growth by the on-premises segment will be significant during the forecast period. The on-premises solutions are considered more secure than cloud-based solutions.
- 32% of the market growth will originate from North America during the forecast period. The US is the key market for translation management software market in North America. However, market growth in this region will be slower than the growth of the market in other regions.
- This research report will provide insights into the current market share of each segment along with growth projections for the next five years. Request our Free Sample Report
Translation Management Software Market: Vendor Analysis
- The market is fragmented due to the presence of several players.
- The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
- Across Systems GmbH, Alphabet Inc., International Business Machines Corp., ICD Translation Inc., Lingotek Inc., Lionbridge Technologies LLC, Microsoft Corp., Smartling Inc., TextUnited GmbH, and Welocalize Inc. are some of the major market participants.
Market Segmentation by Deployment
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- Translation Management Software Market Split by Deployment
- Translation Management Software Market Split by Geography
- North America
- Europe
- APAC
- MEA
- South America
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Across Systems GmbH
- Alphabet Inc.
- International Business Machines Corp.
- ICD Translation Inc.
- Lingotek Inc.
- Lionbridge Technologies LLC
- Microsoft Corp.
- Smartling Inc.
- TextUnited GmbH
- Welocalize Inc.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations. For more insights on this market: Download a Free Sample Report
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The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of 14.81%.
- What is the incremental growth of the market?
The market is expected to grow by $ 1.58 bn through 2021-2025.
- What is a key factor driving this market?
Exponential increase in the volume of data will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
North America, Europe, APAC, MEA, and South America are the key regions featured in this research report.
- Which is the leading geographic region for this market:
32% growth will originate from North America
- Who are the leading market vendors?
The leading vendors in this market are Across Systems GmbH, Alphabet Inc., International Business Machines Corp., ICD Translation Inc., Lingotek Inc., Lionbridge Technologies LLC, Microsoft Corp., Smartling Inc., TextUnited GmbH, and Welocalize Inc.
- What are the market segments covered in this report?
The market is segmented by Deployment (On-premises and Cloud-based) and Geography (North America, Europe, APAC, MEA, and South America)
