Translation Management Software Market by Deployment and Geography - Forecast and Analysis 2021-2025

Published: Jan 2022 Pages: 120 SKU: IRTNTR72034

The translation management software market share is expected to increase by USD 1.58 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 14.81%.

This translation management software market research report extensively covers translation management software market segmentation by deployment (on-premises and cloud-based) and geography (North America, Europe, APAC, MEA, and South America). The translation management software market report also offers information on several market vendors, including 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. among others.

What will the Translation Management Software Market Size be During the Forecast Period?

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Translation Management Software Market: Key Drivers, Trends, and Challenges

The exponential increase in the volume of data is notably driving the translation management software market growth, although factors such as threats from open-source translation management software vendors may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the translation management software industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Translation Management Software Market Driver

The exponential increase in the volume of data is one of the key drivers supporting the translation management software market share growth. Currently, large volumes of data are getting generated through several sources such as the internet, mobile devices, and social media. In addition, veracity, the fourth component of big data management systems, eliminates the amount of data that is irrelevant for organizations. This can save a lot of money. The irrelevant data that is generated from various sources provides incorrect information and prediction about consumer behavior, consumer buying pattern, and other information that can be used for key decision-making processes. Furthermore, due to the use of advanced and diverse machines and devices across business processes, the data and content generated by organizations are rich, varied, and complex. Proper translation management software is required to ensure data accuracy and to reduce the time consumed. Thus, this is expected to fuel the adoption of translation management software during the forecast period.

Key Translation Management Software Market Trend

The emergence of cloud computing services is another factor supporting the translation management software market share growth. Organizations worldwide are adopting cloud computing technologies to cut costs in managing enterprise IT infrastructure. Also, with cloud computing services, end-users can concentrate more on organizational core activities rather than on managing applications. Significantly, enterprises can establish a rapid deployment model that enables applications to be scaled quickly to match the changing requirements. Meanwhile, the cloud-based translation management software helps enterprises in the easy integration with third-party applications being hosted outside the enterprise firewall. Hence, the cloud has evolved as an ideal model to serve as a core platform and integration fabric for many enterprise applications with configuration flexibility, integrated security, and the choice of access mechanisms, which is driving the market growth.

Key Translation Management Software Market Challenge

Threats from open-source translation management software vendors is hampering the translation management software market growth. The global translation management software market has many open-source vendors that provide a range of translation software tools and applications. A combination of multiple products from various open-source vendors can cover almost all the functionalities provided by on-premises or on-demand translation management software vendors. Also, open-source vendors provide translation, reporting, analysis, and data warehouse generation platforms. Thus, the rising number of open-source translation management software vendors is expected to hinder the growth of the global translation management software market during the forecast period.

This translation management software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the translation management software market as a part of the global application software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the translation management software market during the forecast period.

Who are the Major Translation Management Software Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • 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.

 

This statistical study of the translation management software market encompasses successful business strategies deployed by the key vendors. The translation management software market is fragmented and the vendors are deploying growth strategies such as focusing on launching advanced software in the retail, education, and gaming industries to compete in the market.

Product Insights and News

  • International Business Machines Corp. - The company offers watson language translator which instantly translates documents, apps, and webpages.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The translation management software market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Translation Management Software Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the translation management software market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the application software market includes the following core components:

  • Inputs
  • Software development process
  • Operations
  • Marketing and distribution
  • Post-selling services:
  • Innovation

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Translation Management Software Market?

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32% of the market's growth will originate from North America during the forecast period. The US is the key market for translation management software market in North America. Market growth in this region will be slower than the growth of the market in other regions.

The strong presence and penetration of several large players will facilitate the translation management software market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The countries of North America witnessed the adverse impact of the COVID-19, which resulted in lockdowns in 2020. Many tech companies announced the policy for remote working, which led to the adoption of the work-from-home (WFH) model. For instance, in March 2021, Ford Motor Co. announced that 30,000 employees worldwide would have the option of permanent remote working. The automaker has also formed a consortium to determine possible work-from-home scenarios. Hence, the adoption of the WFH model by the companies such as Ford, Google, PwC, and Twitter, is further expected to drive the market in focus during the forecast period.

What are the Revenue-generating Deployment Segments in the Translation Management Software Market?

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The translation management software market share growth by the on-premises segment will be significant during the forecast period. This segment is dominated by large enterprises that are not price-sensitive buyers. Large organizations often deal with critical business data, which is why they are concerned about the security of the deployment model. Such organizations also focus on risk management strategies to safeguard their reputation and existence. These are the main factors that will drive the growth of the on-premises segment of the global translation management software market during the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the translation management software market size and actionable market insights on post COVID-19 impact on each segment.

 

Translation Management Software Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 14.81%

Market growth 2021-2025

$ 1.58 billion

Market structure

Fragmented

YoY growth (%)

13.72

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 32%

Key consumer countries

US, China, UK, Japan, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Translation Management Software Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive translation management software market growth during the next five years
  • Precise estimation of the translation management software market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the translation management software industry across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of translation management software market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

***1. Executive Summary                           

                **1.1 Market Overview

                                *Exhibit 01:  Key Finding 1

                                *Exhibit 02:  Key Finding 2

                                *Exhibit 03:  Key Finding 3

                                *Exhibit 04:  Key Finding 5

                                *Exhibit 05:  Key Finding 6

                                *Exhibit 06:  Key Finding 7

                                *Exhibit 07:  Key Finding 8

***2. Market Landscape                             

                **2.1 Market ecosystem             

                                *Exhibit 08:   Parent market

                                *Exhibit 09:  Market Characteristics

                **2.2 Value chain analysis           

                                *Exhibit 10:  Value chain analysis: Application software

                                *2.2.1 Inputs

                                *2.2.2 Software development

                                *2.2.3 Marketing and distribution

                             *2.2.4 Post-selling services

                                *2.2.5 Innovation

***3. Market Sizing                       

                **3.1 Market definition

                                *Exhibit 11:   Offerings of vendors included in the market definition

                **3.2 Market segment analysis 

                                *Exhibit 12:   Market segments

                **3.3 Market size 2020 

                **3.4 Market outlook: Forecast for 2020 - 2025 

                                *3.4.1 Estimating growth rates for emerging and high-growth markets

                                *3.4.2 Estimating growth rates for mature markets

                                *Exhibit 13:   Global - Market size and forecast 2020 - 2025 ($ million)

                                *Exhibit 14:  Global market: Year-over-year growth 2020 - 2025 (%)

***4. Five Forces Analysis                          

                **4.1 Five Forces Summary        

                                *Exhibit 15: Five forces analysis 2020 & 2025

                **4.2 Bargaining power of buyers           

                                *Exhibit 16: Bargaining power of buyers

                **4.3 Bargaining power of suppliers       

                                *Exhibit 17: Bargaining power of suppliers

                **4.4 Threat of new entrants    

                                *Exhibit 18: Threat of new entrants

                **4.5 Threat of substitutes         

                                *Exhibit 19: Threat of substitutes

                **4.6 Threat of rivalry   

                                *Exhibit 20: Threat of rivalry

                **4.7 Market condition

                                *Exhibit 21:  Market condition - Five forces 2020

***5. Market Segmentation by Deployment                     

                **5.1 Market segments

                                *The segments covered in this chapter are:

  • On premises
  • Cloud based

                                *Exhibit 22:  Deployment - Market share 2020-2025 (%)

                **5.2 Comparison by Deployment           

                                *Exhibit 23:  Comparison by Deployment

                **5.3 On premises - Market size and forecast 2020-2025                

                                *Exhibit 24:  On-premises - Market size and forecast 2020-2025 ($ million)

                                *Exhibit 25:  On-premises - Year-over-year growth 2020-2025 (%)

                **5.4 Cloud based - Market size and forecast 2020-2025

                                *Exhibit 26:  Cloud-based - Market size and forecast 2020-2025 ($ million)

                                *Exhibit 27:  Cloud-based - Year-over-year growth 2020-2025 (%)

                **5.5 Market opportunity by Deployment           

                                *Exhibit 28:  Market opportunity by Deployment

***6. Customer landscape                         

                **6.1     Overview           

                                *Exhibit 29:  Customer landscape

***7. Geographic Landscape                     

                **7.1 Geographic segmentation

                                *The regions covered in the report are:

  • North America
  • Europe
  • APAC
  • MEA
  • South America

                             *Exhibit 30:  Market share by geography 2020-2025 (%)

                **7.2 Geographic comparison   

                                *Exhibit 31:  Geographic comparison

                **7.3 North America - Market size and forecast 2020-2025           

                                *Exhibit 32:   North America - Market size and forecast 2020-2025 ($ million)

                                *Exhibit 33:  North America - Year-over-year growth 2020-2025 (%)

                **7.4 Europe - Market size and forecast 2020-2025          

                                *Exhibit 34:   Europe - Market size and forecast 2020-2025 ($ million)

                                *Exhibit 35:  Europe - Year-over-year growth 2020-2025 (%)

                **7.5 APAC - Market size and forecast 2020-2025              

                                *Exhibit 36:   APAC - Market size and forecast 2020-2025 ($ million)

                                *Exhibit 37:  APAC - Year-over-year growth 2020-2025 (%)

                **7.6     MEA - Market size and forecast 2020-2025           

                                *Exhibit 38:  MEA - Market size and forecast 2020-2025 ($ million)

                                *Exhibit 39:  MEA - Year-over-year growth 2020-2025 (%)

                **7.7     South America - Market size and forecast 2020-2025        

                                *Exhibit 40:  South America - Market size and forecast 2020-2025 ($ million)

                                *Exhibit 41:  South America - Year-over-year growth 2020-2025 (%)

                **7.8 Key leading countries        

                                *Exhibit 42:  Key leading countries

                **7.9 Market opportunity by geography

                                *Exhibit 43:  Market opportunity by geography ($ million)

***8. Drivers, Challenges, and Trends                   

                **8.1 Market drivers     

                                *8.1.1    Exponential increase in the volume of data

                                *8.1.2    Increased dependency on the internet

                                *8.1.3    Easy development and deployment of digital advertisements

                **8.2 Market challenges              

                                *8.2.1    Threat from open-source translation management software vendors

                                *8.2.2    Threat to data security

                                *8.2.3    System integration and interoperability issues

                                *Exhibit 44:  Impact of drivers and challenges

                **8.3 Market trends      

                                *8.3.1    Emergence of cloud computing services

                                *8.3.2    Increased adoption of the BYOD policy

                                *8.3.3    Surge in the demand for advanced robotics

***9. Vendor Landscape                             

                **9.1     Overview           

                                *Exhibit 45:  Vendor landscape

                **9.2     Landscape disruption    

                                *Exhibit 46:   Landscape disruption

                                *Exhibit 47:  Industry risks

***10. Vendor Analysis               

                **10.1 Vendors covered              

                                *Exhibit 48:  Vendors covered

                **10.2 Market positioning of vendors    

                                *Exhibit 49:  Market positioning of vendors

                **10.3  Across Systems GmbH  

                                *Exhibit 50:  Across Systems GmbH - Overview

                                *Exhibit 51:  Across Systems GmbH - Product and service

                                *Exhibit 52:  Across Systems GmbH - Key offerings

                **10.4  Alphabet Inc.    

                                *Exhibit 53:  Alphabet Inc. - Overview

                                *Exhibit 54:  Alphabet Inc. - Business segments

                                *Exhibit 55:  Alphabet Inc. - Key offerings

                                *Exhibit 56:  Alphabet Inc. - Segment focus

                **10.5  International Business Machines Corp.  

                                *Exhibit 57:  International Business Machines Corp. - Overview

                                *Exhibit 58:  International Business Machines Corp. - Business segments

                                *Exhibit 59:  International Business Machines Corp. - Key News

                                *Exhibit 60:  International Business Machines Corp. - Key offerings

                                *Exhibit 61:  International Business Machines Corp. - Segment focus

                **10.6  ICD Translation Inc.        

                                *Exhibit 62:  ICD Translation Inc. - Overview

                                *Exhibit 63:  ICD Translation Inc. - Product and service

                                *Exhibit 64:  ICD Translation Inc. - Key offerings

                **10.7  Lingotek Inc.      

                                *Exhibit 65:  Lingotek Inc.  - Overview

                                *Exhibit 66:  Lingotek Inc.  - Product and service

                                *Exhibit 67:  Lingotek Inc.  - Key offerings

                **10.8  Lionbridge Technologies LLC       

                                *Exhibit 68:  Lionbridge Technologies LLC - Overview

                                *Exhibit 69:  Lionbridge Technologies LLC - Product and service

                                *Exhibit 70:  Lionbridge Technologies LLC - Key offerings

                **10.9  Microsoft Corp.

                                *Exhibit 71:  Microsoft Corp. - Overview

                                *Exhibit 72:  Microsoft Corp. - Business segments

                                *Exhibit 73:  Microsoft Corp. - Key offerings

                                *Exhibit 74:  Microsoft Corp. - Segment focus

                **10.10                Smartling Inc.    

                                *Exhibit 75:  Smartling Inc. - Overview

                                *Exhibit 76:  Smartling Inc. - Product and service

                                *Exhibit 77:  Smartling Inc. - Key offerings

                **10.11                TextUnited GmbH           

                                *Exhibit 78:  TextUnited GmbH  - Overview

                                *Exhibit 79:  TextUnited GmbH  - Product and service

                                *Exhibit 80:  TextUnited GmbH  - Key offerings

                **10.12                Welocalize Inc. 

                                *Exhibit 81:  Welocalize Inc. - Overview

                                *Exhibit 82:  Welocalize Inc. - Product and service

                                *Exhibit 83:  Welocalize Inc. - Key offerings

***11. Appendix                            

                **11.1 Scope of the report         

                                *11.1.1 ????Market definition

                                *11.1.2 Objective

                                *11.1.3 Notes and caveats

                **11.2 Currency conversion rates for US$            

                                *Exhibit 84:  Currency conversion rates for US$

                **11.3 Research Methodology 

                                *Exhibit 85:  Research Methodology

                                *Exhibit 86:  Validation techniques employed for market sizing

                                *Exhibit 87:  Information sources

                **11.4 List of abbreviations        

                                *Exhibit 88:  List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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