The Latin America, Middle East and Africa Language Translation Software Market would witness market growth of 20.5% CAGR during the forecast period (2022-2028).
In recent years, improvements in natural language processing (NLP) and data accessibility have led to the development of more accurate and user-friendly translation software, which has increased its adoption among end users. For instance, the most recent development in Japan is a digital concierge platform that can translate 109 foreign languages for the hotel and tourism industries. Guests and hotel personnel can converse in real-time in their respective native tongues using the system, and the messages are automatically translated into the recipient's language.
This opens up new possibilities and innovation value, improving translation's role and expanding the translation software market. Consumers, customers, and other organizations like language translation software as a teaching tool for improving consistency and quality and for advancing ICT competencies. Additionally, the software is utilized to improve translation quality, effectiveness, and speed.
Mercosur is the fourth-largest trade group in the world. This group comprises Brazil, Venezuela, Bolivia, Argentina, Uruguay, and Paraguay. More than 260 million people inhabit the region as a whole. The Mercosur trade bloc uses Portuguese and Spanish as the two official languages. International trade contacts are successful owing to Mercosur's negotiating strength. The Mercosur nations have agreements for political and economic cooperation with many different nations across every continent. The Mercosur nations have agreements for political and economic cooperation with many different nations across every continent. In Latin America, Mercosur is attracting more international companies to have their bases in this region. In the coming years, all these factors are promoting the growth of the regional language translation software market.
The Brazil market dominated the LAMEA Language Translation Software Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $433 million by 2028. The Argentina market is experiencing a CAGR of 21.1% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 20.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Language Translation Software Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Language Translation Software Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Language Translation Software Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Language Translation Software Market by Component, 2018 - 2021, USD Million
TABLE 4 LAMEA Language Translation Software Market by Component, 2022 - 2028, USD Million
TABLE 5 LAMEA Solution Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Solution Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Language Translation Software Market by Solution Type, 2018 - 2021, USD Million
TABLE 8 LAMEA Language Translation Software Market by Solution Type, 2022 - 2028, USD Million
TABLE 9 LAMEA Rule-based Machine Translation Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Rule-based Machine Translation Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Statistical Machine Translation Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Statistical Machine Translation Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Hybrid Machine Translation Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Hybrid Machine Translation Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Services Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Services Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Language Translation Software Market by Vertical, 2018 - 2021, USD Million
TABLE 18 LAMEA Language Translation Software Market by Vertical, 2022 - 2028, USD Million
TABLE 19 LAMEA IT & Telecom Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA IT & Telecom Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Education Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Education Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA BFSI Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA BFSI Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Travel & Tourism Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Travel & Tourism Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA Other Vertical Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Other Vertical Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA Language Translation Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 34 LAMEA Language Translation Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 35 LAMEA Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 36 LAMEA Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 37 LAMEA SMEs Market by Country, 2018 - 2021, USD Million
TABLE 38 LAMEA SMEs Market by Country, 2022 - 2028, USD Million
TABLE 39 LAMEA Language Translation Software Market by Country, 2018 - 2021, USD Million
TABLE 40 LAMEA Language Translation Software Market by Country, 2022 - 2028, USD Million
TABLE 41 Brazil Language Translation Software Market, 2018 - 2021, USD Million
TABLE 42 Brazil Language Translation Software Market, 2022 - 2028, USD Million
TABLE 43 Brazil Language Translation Software Market by Component, 2018 - 2021, USD Million
TABLE 44 Brazil Language Translation Software Market by Component, 2022 - 2028, USD Million
TABLE 45 Brazil Language Translation Software Market by Solution Type, 2018 - 2021, USD Million
TABLE 46 Brazil Language Translation Software Market by Solution Type, 2022 - 2028, USD Million
TABLE 47 Brazil Language Translation Software Market by Vertical, 2018 - 2021, USD Million
TABLE 48 Brazil Language Translation Software Market by Vertical, 2022 - 2028, USD Million
TABLE 49 Brazil Language Translation Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 50 Brazil Language Translation Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 51 Argentina Language Translation Software Market, 2018 - 2021, USD Million
TABLE 52 Argentina Language Translation Software Market, 2022 - 2028, USD Million
TABLE 53 Argentina Language Translation Software Market by Component, 2018 - 2021, USD Million
TABLE 54 Argentina Language Translation Software Market by Component, 2022 - 2028, USD Million
TABLE 55 Argentina Language Translation Software Market by Solution Type, 2018 - 2021, USD Million
TABLE 56 Argentina Language Translation Software Market by Solution Type, 2022 - 2028, USD Million
TABLE 57 Argentina Language Translation Software Market by Vertical, 2018 - 2021, USD Million
TABLE 58 Argentina Language Translation Software Market by Vertical, 2022 - 2028, USD Million
TABLE 59 Argentina Language Translation Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 60 Argentina Language Translation Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 61 UAE Language Translation Software Market, 2018 - 2021, USD Million
TABLE 62 UAE Language Translation Software Market, 2022 - 2028, USD Million
TABLE 63 UAE Language Translation Software Market by Component, 2018 - 2021, USD Million
TABLE 64 UAE Language Translation Software Market by Component, 2022 - 2028, USD Million
TABLE 65 UAE Language Translation Software Market by Solution Type, 2018 - 2021, USD Million
TABLE 66 UAE Language Translation Software Market by Solution Type, 2022 - 2028, USD Million
TABLE 67 UAE Language Translation Software Market by Vertical, 2018 - 2021, USD Million
TABLE 68 UAE Language Translation Software Market by Vertical, 2022 - 2028, USD Million
TABLE 69 UAE Language Translation Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 70 UAE Language Translation Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 71 Saudi Arabia Language Translation Software Market, 2018 - 2021, USD Million
TABLE 72 Saudi Arabia Language Translation Software Market, 2022 - 2028, USD Million
TABLE 73 Saudi Arabia Language Translation Software Market by Component, 2018 - 2021, USD Million
TABLE 74 Saudi Arabia Language Translation Software Market by Component, 2022 - 2028, USD Million
TABLE 75 Saudi Arabia Language Translation Software Market by Solution Type, 2018 - 2021, USD Million
TABLE 76 Saudi Arabia Language Translation Software Market by Solution Type, 2022 - 2028, USD Million
TABLE 77 Saudi Arabia Language Translation Software Market by Vertical, 2018 - 2021, USD Million
TABLE 78 Saudi Arabia Language Translation Software Market by Vertical, 2022 - 2028, USD Million
TABLE 79 Saudi Arabia Language Translation Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 80 Saudi Arabia Language Translation Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 81 South Africa Language Translation Software Market, 2018 - 2021, USD Million
TABLE 82 South Africa Language Translation Software Market, 2022 - 2028, USD Million
TABLE 83 South Africa Language Translation Software Market by Component, 2018 - 2021, USD Million
TABLE 84 South Africa Language Translation Software Market by Component, 2022 - 2028, USD Million
TABLE 85 South Africa Language Translation Software Market by Solution Type, 2018 - 2021, USD Million
TABLE 86 South Africa Language Translation Software Market by Solution Type, 2022 - 2028, USD Million
TABLE 87 South Africa Language Translation Software Market by Vertical, 2018 - 2021, USD Million
TABLE 88 South Africa Language Translation Software Market by Vertical, 2022 - 2028, USD Million
TABLE 89 South Africa Language Translation Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 90 South Africa Language Translation Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 91 Nigeria Language Translation Software Market, 2018 - 2021, USD Million
TABLE 92 Nigeria Language Translation Software Market, 2022 - 2028, USD Million
TABLE 93 Nigeria Language Translation Software Market by Component, 2018 - 2021, USD Million
TABLE 94 Nigeria Language Translation Software Market by Component, 2022 - 2028, USD Million
TABLE 95 Nigeria Language Translation Software Market by Solution Type, 2018 - 2021, USD Million
TABLE 96 Nigeria Language Translation Software Market by Solution Type, 2022 - 2028, USD Million
TABLE 97 Nigeria Language Translation Software Market by Vertical, 2018 - 2021, USD Million
TABLE 98 Nigeria Language Translation Software Market by Vertical, 2022 - 2028, USD Million
TABLE 99 Nigeria Language Translation Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 100 Nigeria Language Translation Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 101 Rest of LAMEA Language Translation Software Market, 2018 - 2021, USD Million
TABLE 102 Rest of LAMEA Language Translation Software Market, 2022 - 2028, USD Million
TABLE 103 Rest of LAMEA Language Translation Software Market by Component, 2018 - 2021, USD Million
TABLE 104 Rest of LAMEA Language Translation Software Market by Component, 2022 - 2028, USD Million
TABLE 105 Rest of LAMEA Language Translation Software Market by Solution Type, 2018 - 2021, USD Million
TABLE 106 Rest of LAMEA Language Translation Software Market by Solution Type, 2022 - 2028, USD Million
TABLE 107 Rest of LAMEA Language Translation Software Market by Vertical, 2018 - 2021, USD Million
TABLE 108 Rest of LAMEA Language Translation Software Market by Vertical, 2022 - 2028, USD Million
TABLE 109 Rest of LAMEA Language Translation Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 110 Rest of LAMEA 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)