January 24, 2019: This report focuses on the global Language Translation Software and Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Language Translation Software and Services development in United States, Europe and China.
A translation software or service can performs as a platform of translating a given input language into a functionally equivalent program in another language (the target language), without losing the functional or logical structure of the original language.
As internationalization becomes a worldwide trend, it's no wonder that the translation software market is on the rise. More and more companies have expanded their business views to encompass a global perspective, i.e. they are going global.
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To successfully reach world domination, localization is a necessary feature. According to a report on website Companies and Markets the driving forces behind the translation market are connected to the internet, with the smartphone as its latest sweetheart: now, almost every company out there aims to have a user friendly website for each of their separate markets.
Enterprises that operate in the global market are usually present in 80-170 different countries. And the IT market hasn't been sitting still either: recently, major shifts have been apparent in the market that now also encompasses cloud business solutions and social media. Moreover, IT departments are being replaced by lines of business - decisions are made by employing visual feature and discovery decision tablets,
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In 2017, the global Language Translation Software and Services market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.
The key players covered in this study
- Lionbridge Technologies
- IBM Corporation
- Global Linguist Solutions
- Google Inc
- Babylon Software
- LanguageLine Solutions
- Thebigword Group
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