The Asia Pacific Language Translation Software Market would witness market growth of 17.6% CAGR during the forecast period (2022-2028).
Online information searches are becoming more and more common, which could increase the need for language translation tools and services. Similar to how the smartphone industry has benefited from technological advancements, the language translation software market is anticipated to expand significantly over the next several years. Businesses emphasize effective regional market penetration and international networks to retain the fast-paced market landscape.
Businesses looking to boost productivity are anticipated to drive increasing demand for language translation software globally. Additionally, developing nations like India and China are anticipated to see significant growth in their business sectors, creating enormous potential prospects. It is anticipated that this circumstance will advance the market for language translation software.
The expanding use of mobile translation as well as the globalization of trade are two of the key market factors. In addition, cloud computing is rapidly expanding due to its flexibility and economic benefits. Moreover the increasing adoption of multilingual AI is also promoting the acceptance of language translation software. The application of AI gives data on clients' demographics, social and purchasing history. Utilizing these facts and insights, content and websites are localized, and adverts are made to reflect the audience's demographics.
Asia Pacific is a large region considering the number of spoken languages. Therefore, translation services are especially needed when marketing initiatives are being translated and culturally adapted. There are a lot of cultural aspects to take into account. Multicultural marketing encompasses many strategies, including transcreation, which is converting content from one language or culture to another while preserving the original aim, style, tone, and context. To ensure that diverse types of media, such as a website, look and convey in words and visuals what a firm intended them to and factors including website localization and multimedia, have increased the demand for translation tools. Hence, the widespread demand for language translation are boosting the expansion of the market in the region.
The China market dominated the Asia Pacific Language Translation Software Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,041.1 million by 2028. The Japan market is estimated to grow a CAGR of 16.9% during (2022 - 2028). Additionally, The India market would experience a CAGR of 18.3% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Solution Type, the market is segmented into Rule-based Machine Translation, Statistical Machine Translation and Hybrid Machine Translation. Based on Vertical, the market is segmented into IT & Telecom, Manufacturing, Education, Healthcare, BFSI, Travel & Tourism and Others. Based on Enterprise Size, the market is segmented into Large Enterprises and SMEs. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Language Translation Software Market is Projected to reach USD 26 Billion by 2028, at a CAGR of 17%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Google LLC (Alphabet Inc.), Acolad Group, AppTek, LanguageLine Solutions (Teleperformance SE), inRiver AB, Babylon Software Ltd., Lingotek, Inc., and SYSTRAN S.A.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Solution
- Rule-based Machine Translation
- Statistical Machine Translation
- Hybrid Machine Translation
- Services
By Vertical
- IT & Telecom
- Manufacturing
- Education
- Healthcare
- BFSI
- Travel & Tourism
- Others
By Enterprise Size
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- Google LLC (Alphabet Inc.)
- Acolad Group
- AppTek
- LanguageLine Solutions (Teleperformance SE)
- inRiver AB
- Babylon Software Ltd.
- Lingotek, Inc.
- SYSTRAN S.A.
TABLE 1 Asia Pacific Language Translation Software Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Language Translation Software Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Language Translation Software Market by Component, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Language Translation Software Market by Component, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Solution Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Solution Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Language Translation Software Market by Solution Type, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Language Translation Software Market by Solution Type, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Rule-based Machine Translation Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Rule-based Machine Translation Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Statistical Machine Translation Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Statistical Machine Translation Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Hybrid Machine Translation Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Hybrid Machine Translation Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Services Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Services Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Language Translation Software Market by Vertical, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Language Translation Software Market by Vertical, 2022 - 2028, USD Million
TABLE 19 Asia Pacific IT & Telecom Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific IT & Telecom Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Education Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Education Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific BFSI Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific BFSI Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Travel & Tourism Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Travel & Tourism Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Other Vertical Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Other Vertical Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific Language Translation Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 34 Asia Pacific Language Translation Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 35 Asia Pacific Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 36 Asia Pacific Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 37 Asia Pacific SMEs Market by Country, 2018 - 2021, USD Million
TABLE 38 Asia Pacific SMEs Market by Country, 2022 - 2028, USD Million
TABLE 39 Asia Pacific Language Translation Software Market by Country, 2018 - 2021, USD Million
TABLE 40 Asia Pacific Language Translation Software Market by Country, 2022 - 2028, USD Million
TABLE 41 China Language Translation Software Market, 2018 - 2021, USD Million
TABLE 42 China Language Translation Software Market, 2022 - 2028, USD Million
TABLE 43 China Language Translation Software Market by Component, 2018 - 2021, USD Million
TABLE 44 China Language Translation Software Market by Component, 2022 - 2028, USD Million
TABLE 45 China Language Translation Software Market by Solution Type, 2018 - 2021, USD Million
TABLE 46 China Language Translation Software Market by Solution Type, 2022 - 2028, USD Million
TABLE 47 China Language Translation Software Market by Vertical, 2018 - 2021, USD Million
TABLE 48 China Language Translation Software Market by Vertical, 2022 - 2028, USD Million
TABLE 49 China Language Translation Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 50 China Language Translation Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 51 Japan Language Translation Software Market, 2018 - 2021, USD Million
TABLE 52 Japan Language Translation Software Market, 2022 - 2028, USD Million
TABLE 53 Japan Language Translation Software Market by Component, 2018 - 2021, USD Million
TABLE 54 Japan Language Translation Software Market by Component, 2022 - 2028, USD Million
TABLE 55 Japan Language Translation Software Market by Solution Type, 2018 - 2021, USD Million
TABLE 56 Japan Language Translation Software Market by Solution Type, 2022 - 2028, USD Million
TABLE 57 Japan Language Translation Software Market by Vertical, 2018 - 2021, USD Million
TABLE 58 Japan Language Translation Software Market by Vertical, 2022 - 2028, USD Million
TABLE 59 Japan Language Translation Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 60 Japan Language Translation Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 61 India Language Translation Software Market, 2018 - 2021, USD Million
TABLE 62 India Language Translation Software Market, 2022 - 2028, USD Million
TABLE 63 India Language Translation Software Market by Component, 2018 - 2021, USD Million
TABLE 64 India Language Translation Software Market by Component, 2022 - 2028, USD Million
TABLE 65 India Language Translation Software Market by Solution Type, 2018 - 2021, USD Million
TABLE 66 India Language Translation Software Market by Solution Type, 2022 - 2028, USD Million
TABLE 67 India Language Translation Software Market by Vertical, 2018 - 2021, USD Million
TABLE 68 India Language Translation Software Market by Vertical, 2022 - 2028, USD Million
TABLE 69 India Language Translation Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 70 India Language Translation Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 71 South Korea Language Translation Software Market, 2018 - 2021, USD Million
TABLE 72 South Korea Language Translation Software Market, 2022 - 2028, USD Million
TABLE 73 South Korea Language Translation Software Market by Component, 2018 - 2021, USD Million
TABLE 74 South Korea Language Translation Software Market by Component, 2022 - 2028, USD Million
TABLE 75 South Korea Language Translation Software Market by Solution Type, 2018 - 2021, USD Million
TABLE 76 South Korea Language Translation Software Market by Solution Type, 2022 - 2028, USD Million
TABLE 77 South Korea Language Translation Software Market by Vertical, 2018 - 2021, USD Million
TABLE 78 South Korea Language Translation Software Market by Vertical, 2022 - 2028, USD Million
TABLE 79 South Korea Language Translation Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 80 South Korea Language Translation Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 81 Singapore Language Translation Software Market, 2018 - 2021, USD Million
TABLE 82 Singapore Language Translation Software Market, 2022 - 2028, USD Million
TABLE 83 Singapore Language Translation Software Market by Component, 2018 - 2021, USD Million
TABLE 84 Singapore Language Translation Software Market by Component, 2022 - 2028, USD Million
TABLE 85 Singapore Language Translation Software Market by Solution Type, 2018 - 2021, USD Million
TABLE 86 Singapore Language Translation Software Market by Solution Type, 2022 - 2028, USD Million
TABLE 87 Singapore Language Translation Software Market by Vertical, 2018 - 2021, USD Million
TABLE 88 Singapore Language Translation Software Market by Vertical, 2022 - 2028, USD Million
TABLE 89 Singapore Language Translation Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 90 Singapore Language Translation Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 91 Malaysia Language Translation Software Market, 2018 - 2021, USD Million
TABLE 92 Malaysia Language Translation Software Market, 2022 - 2028, USD Million
TABLE 93 Malaysia Language Translation Software Market by Component, 2018 - 2021, USD Million
TABLE 94 Malaysia Language Translation Software Market by Component, 2022 - 2028, USD Million
TABLE 95 Malaysia Language Translation Software Market by Solution Type, 2018 - 2021, USD Million
TABLE 96 Malaysia Language Translation Software Market by Solution Type, 2022 - 2028, USD Million
TABLE 97 Malaysia Language Translation Software Market by Vertical, 2018 - 2021, USD Million
TABLE 98 Malaysia Language Translation Software Market by Vertical, 2022 - 2028, USD Million
TABLE 99 Malaysia Language Translation Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 100 Malaysia Language Translation Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 101 Rest of Asia Pacific Language Translation Software Market, 2018 - 2021, USD Million
TABLE 102 Rest of Asia Pacific Language Translation Software Market, 2022 - 2028, USD Million
TABLE 103 Rest of Asia Pacific Language Translation Software Market by Component, 2018 - 2021, USD Million
TABLE 104 Rest of Asia Pacific Language Translation Software Market by Component, 2022 - 2028, USD Million
TABLE 105 Rest of Asia Pacific Language Translation Software Market by Solution Type, 2018 - 2021, USD Million
TABLE 106 Rest of Asia Pacific Language Translation Software Market by Solution Type, 2022 - 2028, USD Million
TABLE 107 Rest of Asia Pacific Language Translation Software Market by Vertical, 2018 - 2021, USD Million
TABLE 108 Rest of Asia Pacific Language Translation Software Market by Vertical, 2022 - 2028, USD Million
TABLE 109 Rest of Asia Pacific Language Translation Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 110 Rest of Asia Pacific Language Translation Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 111 key information – Microsoft Corporation
TABLE 112 Key information – IBM Corporation
TABLE 113 Key Information – Google LLC
TABLE 114 Key Information – Acolad Group
TABLE 115 Key Information – AppTek
TABLE 116 Key Information – LanguageLine Solutions
TABLE 117 key Information – inRiver AB
TABLE 118 Key Information – Babylon Software Ltd.
TABLE 119 Key Information – Lingotek, Inc.
TABLE 120 Key Information – SYSTRAN S.A.
List of Figures
FIG 1 Methodology for the research
FIG 2 Market Share Analysis, 2021
FIG 3 SWOT Analysis: Microsoft Corporation
FIG 4 Swot analysis: IBM Corporation
FIG 5 SWOT Analysis: Alphabet Inc. (Google LLC)