Europe Language Translation Software Market Size, Share & Industry Trends Analysis Report By Component, By Vertical (IT & Telecom, Manufacturing, Education, Healthcare, BFSI, Travel & Tourism), By Enterprise Size, By Country and Growth Forecast, 2022 - 2028

The Europe Language Translation Software Market would witness market growth of 16.5% CAGR during the forecast period (2022-2028).

Translation in the educational field is quite significant. It is necessary when course credits or degrees must be approved for recognition to support students who wish to study or work abroad. For students to fully comprehend the formalities, inscriptions, regulations, prohibitions, and other important information about their universities or colleges, clear programs assist students in getting crucial information about those institutions.

Making educational attainment and credentials transparent is necessary for a proper translation in the educational field. The appropriate translation of educational content is necessary for effective learning and teaching. In order to build a name abroad and draw in new immigrant families, translation is also needed for advertising and branding objectives. Inadequate clarity in translations prompts pointless inquiries, forcing the staff to repeatedly address the same questions. A better translation of the information can quickly fix this. In addition, without starting from scratch, schools can update their curriculum as the semesters progress by employing translation software.

The creation of communication and public information materials, including press releases, speeches, and social media, is the other main function of translation. By doing this in all EU languages, the institutions become more accessible to the general people and encourage open and democratic decision-making. Since 2007, IATE (Interactive Terminology For Europe) has been open to the public and combines the terminological assets of all EU translation services. The European Commission, the European Parliament, the Council of the European Union, the Court of Justice, and the European Central Bank are among the project partners whose translation services are managed by the Translation Centre on their behalf. Therefore, the expansive usage of translation software in the region are proving to be highly beneficial for the market.

The Germany market dominated the Europe Language Translation Software Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,779.1 million by 2028. The UK market is anticipated to grow at a CAGR of 15.6% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 17.4% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

Free Valuable Insights: The Global Language Translation Software Market will Hit $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

• Large Enterprises
• SMEs

By Country

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

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.

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Language Translation Software Market, by Component
1.4.2 Europe Language Translation Software Market, by Vertical
1.4.3 Europe Language Translation Software Market, by Enterprise Size
1.4.4 Europe Language Translation Software Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Competition Analysis – Global
3.1 Market Share Analysis, 2021

Chapter 4. Europe Language Translation Software Market by Component
4.1 Europe Solution Market by Country
4.2 Europe Language Translation Software Market by Solution Type
4.2.1 Europe Rule-based Machine Translation Market by Country
4.2.2 Europe Statistical Machine Translation Market by Country
4.2.3 Europe Hybrid Machine Translation Market by Country
4.3 Europe Services Market by Country

Chapter 5. Europe Language Translation Software Market by Vertical
5.1 Europe IT & Telecom Market by Country
5.2 Europe Manufacturing Market by Country
5.3 Europe Education Market by Country
5.4 Europe Healthcare Market by Country
5.5 Europe BFSI Market by Country
5.6 Europe Travel & Tourism Market by Country
5.7 Europe Other Vertical Market by Country

Chapter 6. Europe Language Translation Software Market by Enterprise Size
6.1 Europe Large Enterprises Market by Country
6.2 Europe SMEs Market by Country

Chapter 7. Europe Language Translation Software Market by Country
7.1 Germany Language Translation Software Market
7.1.1 Germany Language Translation Software Market by Component
7.1.1.1 Germany Language Translation Software Market by Solution Type
7.1.2 Germany Language Translation Software Market by Vertical
7.1.3 Germany Language Translation Software Market by Enterprise Size
7.2 UK Language Translation Software Market
7.2.1 UK Language Translation Software Market by Component
7.2.1.1 UK Language Translation Software Market by Solution Type
7.2.2 UK Language Translation Software Market by Vertical
7.2.3 UK Language Translation Software Market by Enterprise Size
7.3 France Language Translation Software Market
7.3.1 France Language Translation Software Market by Component
7.3.1.1 France Language Translation Software Market by Solution Type
7.3.2 France Language Translation Software Market by Vertical
7.3.3 France Language Translation Software Market by Enterprise Size
7.4 Russia Language Translation Software Market
7.4.1 Russia Language Translation Software Market by Component
7.4.1.1 Russia Language Translation Software Market by Solution Type
7.4.2 Russia Language Translation Software Market by Vertical
7.4.3 Russia Language Translation Software Market by Enterprise Size
7.5 Spain Language Translation Software Market
7.5.1 Spain Language Translation Software Market by Component
7.5.1.1 Spain Language Translation Software Market by Solution Type
7.5.2 Spain Language Translation Software Market by Vertical
7.5.3 Spain Language Translation Software Market by Enterprise Size
7.6 Italy Language Translation Software Market
7.6.1 Italy Language Translation Software Market by Component
7.6.1.1 Italy Language Translation Software Market by Solution Type
7.6.2 Italy Language Translation Software Market by Vertical
7.6.3 Italy Language Translation Software Market by Enterprise Size
7.7 Rest of Europe Language Translation Software Market
7.7.1 Rest of Europe Language Translation Software Market by Component
7.7.1.1 Rest of Europe Language Translation Software Market by Solution Type
7.7.2 Rest of Europe Language Translation Software Market by Vertical
7.7.3 Rest of Europe Language Translation Software Market by Enterprise Size

Chapter 8. Company Profiles
8.1 Microsoft Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Product Launches and Product Expansions:
8.1.6 SWOT Analysis
8.2 IBM Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional & Segmental Analysis
8.2.4 Research & Development Expenses
8.2.5 SWOT Analysis
8.3 Google LLC (Alphabet Inc.)
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 SWOT Analysis
8.4 Acolad Group
8.4.1 Company Overview
8.4.2 Recent strategies and developments:
8.4.2.1 Acquisition and Mergers:
8.5 AppTek
8.5.1 Company Overview
8.5.2 Recent strategies and developments:
8.5.2.1 Partnerships, Collaborations, and Agreements:
8.6 LanguageLine Solutions (Teleperformance SE)
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental Analysis
8.7 inRiver AB
8.7.1 Company Overview
8.8 Babylon Software Ltd.
8.8.1 Company Overview
8.9 Lingotek, Inc.
8.9.1 Company Overview
8.10. SYSTRAN S.A.
8.10.1 Company Overview

TABLE 1 Europe Language Translation Software Market, 2018 - 2021, USD Million
TABLE 2 Europe Language Translation Software Market, 2022 - 2028, USD Million
TABLE 3 Europe Language Translation Software Market by Component, 2018 - 2021, USD Million
TABLE 4 Europe Language Translation Software Market by Component, 2022 - 2028, USD Million
TABLE 5 Europe Solution Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe Solution Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Language Translation Software Market by Solution Type, 2018 - 2021, USD Million
TABLE 8 Europe Language Translation Software Market by Solution Type, 2022 - 2028, USD Million
TABLE 9 Europe Rule-based Machine Translation Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe Rule-based Machine Translation Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Statistical Machine Translation Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Statistical Machine Translation Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Hybrid Machine Translation Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe Hybrid Machine Translation Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe Services Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe Services Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe Language Translation Software Market by Vertical, 2018 - 2021, USD Million
TABLE 18 Europe Language Translation Software Market by Vertical, 2022 - 2028, USD Million
TABLE 19 Europe IT & Telecom Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe IT & Telecom Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe Education Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe Education Market by Country, 2022 - 2028, USD Million
TABLE 25 Europe Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 27 Europe BFSI Market by Country, 2018 - 2021, USD Million
TABLE 28 Europe BFSI Market by Country, 2022 - 2028, USD Million
TABLE 29 Europe Travel & Tourism Market by Country, 2018 - 2021, USD Million
TABLE 30 Europe Travel & Tourism Market by Country, 2022 - 2028, USD Million
TABLE 31 Europe Other Vertical Market by Country, 2018 - 2021, USD Million
TABLE 32 Europe Other Vertical Market by Country, 2022 - 2028, USD Million
TABLE 33 Europe Language Translation Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 34 Europe Language Translation Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 35 Europe Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 36 Europe Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 37 Europe SMEs Market by Country, 2018 - 2021, USD Million
TABLE 38 Europe SMEs Market by Country, 2022 - 2028, USD Million
TABLE 39 Europe Language Translation Software Market by Country, 2018 - 2021, USD Million
TABLE 40 Europe Language Translation Software Market by Country, 2022 - 2028, USD Million
TABLE 41 Germany Language Translation Software Market, 2018 - 2021, USD Million
TABLE 42 Germany Language Translation Software Market, 2022 - 2028, USD Million
TABLE 43 Germany Language Translation Software Market by Component, 2018 - 2021, USD Million
TABLE 44 Germany Language Translation Software Market by Component, 2022 - 2028, USD Million
TABLE 45 Germany Language Translation Software Market by Solution Type, 2018 - 2021, USD Million
TABLE 46 Germany Language Translation Software Market by Solution Type, 2022 - 2028, USD Million
TABLE 47 Germany Language Translation Software Market by Vertical, 2018 - 2021, USD Million
TABLE 48 Germany Language Translation Software Market by Vertical, 2022 - 2028, USD Million
TABLE 49 Germany Language Translation Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 50 Germany Language Translation Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 51 UK Language Translation Software Market, 2018 - 2021, USD Million
TABLE 52 UK Language Translation Software Market, 2022 - 2028, USD Million
TABLE 53 UK Language Translation Software Market by Component, 2018 - 2021, USD Million
TABLE 54 UK Language Translation Software Market by Component, 2022 - 2028, USD Million
TABLE 55 UK Language Translation Software Market by Solution Type, 2018 - 2021, USD Million
TABLE 56 UK Language Translation Software Market by Solution Type, 2022 - 2028, USD Million
TABLE 57 UK Language Translation Software Market by Vertical, 2018 - 2021, USD Million
TABLE 58 UK Language Translation Software Market by Vertical, 2022 - 2028, USD Million
TABLE 59 UK Language Translation Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 60 UK Language Translation Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 61 France Language Translation Software Market, 2018 - 2021, USD Million
TABLE 62 France Language Translation Software Market, 2022 - 2028, USD Million
TABLE 63 France Language Translation Software Market by Component, 2018 - 2021, USD Million
TABLE 64 France Language Translation Software Market by Component, 2022 - 2028, USD Million
TABLE 65 France Language Translation Software Market by Solution Type, 2018 - 2021, USD Million
TABLE 66 France Language Translation Software Market by Solution Type, 2022 - 2028, USD Million
TABLE 67 France Language Translation Software Market by Vertical, 2018 - 2021, USD Million
TABLE 68 France Language Translation Software Market by Vertical, 2022 - 2028, USD Million
TABLE 69 France Language Translation Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 70 France Language Translation Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 71 Russia Language Translation Software Market, 2018 - 2021, USD Million
TABLE 72 Russia Language Translation Software Market, 2022 - 2028, USD Million
TABLE 73 Russia Language Translation Software Market by Component, 2018 - 2021, USD Million
TABLE 74 Russia Language Translation Software Market by Component, 2022 - 2028, USD Million
TABLE 75 Russia Language Translation Software Market by Solution Type, 2018 - 2021, USD Million
TABLE 76 Russia Language Translation Software Market by Solution Type, 2022 - 2028, USD Million
TABLE 77 Russia Language Translation Software Market by Vertical, 2018 - 2021, USD Million
TABLE 78 Russia Language Translation Software Market by Vertical, 2022 - 2028, USD Million
TABLE 79 Russia Language Translation Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 80 Russia Language Translation Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 81 Spain Language Translation Software Market, 2018 - 2021, USD Million
TABLE 82 Spain Language Translation Software Market, 2022 - 2028, USD Million
TABLE 83 Spain Language Translation Software Market by Component, 2018 - 2021, USD Million
TABLE 84 Spain Language Translation Software Market by Component, 2022 - 2028, USD Million
TABLE 85 Spain Language Translation Software Market by Solution Type, 2018 - 2021, USD Million
TABLE 86 Spain Language Translation Software Market by Solution Type, 2022 - 2028, USD Million
TABLE 87 Spain Language Translation Software Market by Vertical, 2018 - 2021, USD Million
TABLE 88 Spain Language Translation Software Market by Vertical, 2022 - 2028, USD Million
TABLE 89 Spain Language Translation Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 90 Spain Language Translation Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 91 Italy Language Translation Software Market, 2018 - 2021, USD Million
TABLE 92 Italy Language Translation Software Market, 2022 - 2028, USD Million
TABLE 93 Italy Language Translation Software Market by Component, 2018 - 2021, USD Million
TABLE 94 Italy Language Translation Software Market by Component, 2022 - 2028, USD Million
TABLE 95 Italy Language Translation Software Market by Solution Type, 2018 - 2021, USD Million
TABLE 96 Italy Language Translation Software Market by Solution Type, 2022 - 2028, USD Million
TABLE 97 Italy Language Translation Software Market by Vertical, 2018 - 2021, USD Million
TABLE 98 Italy Language Translation Software Market by Vertical, 2022 - 2028, USD Million
TABLE 99 Italy Language Translation Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 100 Italy Language Translation Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 101 Rest of Europe Language Translation Software Market, 2018 - 2021, USD Million
TABLE 102 Rest of Europe Language Translation Software Market, 2022 - 2028, USD Million
TABLE 103 Rest of Europe Language Translation Software Market by Component, 2018 - 2021, USD Million
TABLE 104 Rest of Europe Language Translation Software Market by Component, 2022 - 2028, USD Million
TABLE 105 Rest of Europe Language Translation Software Market by Solution Type, 2018 - 2021, USD Million
TABLE 106 Rest of Europe Language Translation Software Market by Solution Type, 2022 - 2028, USD Million
TABLE 107 Rest of Europe Language Translation Software Market by Vertical, 2018 - 2021, USD Million
TABLE 108 Rest of Europe Language Translation Software Market by Vertical, 2022 - 2028, USD Million
TABLE 109 Rest of Europe Language Translation Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 110 Rest of Europe 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)