The North America Language Translation Software Market would witness market growth of 16.4% CAGR during the forecast period (2022-2028).
Several translation solutions have been created to aid novice and seasoned translators in creating the highest quality translations. As a result of translation software’s usefulness and dependability, more translation professionals & learners are using it as it provides reliable and expert translation services. They are also being widely incorporated into translation programs at numerous universities, institutes, and training facilities.
End-user usage is accelerating due to the growing digitization and rising need for translation software. Different types of end customers, including private individuals, commercial enterprises, and governmental entities, can utilize language translation software. In addition, language translation software is used by individuals for a wide range of private objectives, such as travel, language learning, and intercultural communication. Two well-known consumer-focused language translation tools are Google Translate and Microsoft Translator.
The market is expected to grow rapidly in North America due to the considerable interest in translation technology in this region. Furthermore, the increasing utilization of language translation technology in portable devices such as tablets and smartphones may increase the need for regional translation software. The increasing desire to perform information searches online will likely boost the demand for translation software throughout the ensuing years, contributing to the expansion of the market. Furthermore, due to technological advancements in the smartphone sector, language translation software will probably see significant expansion over the next few years.
The US market dominated the North America Language Translation Software Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $7,024.6 million by 2028. The Canada market is poised to grow at a CAGR of 19.1% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 18% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Language Translation Software Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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 North America Language Translation Software Market, by Component
1.4.2 North America Language Translation Software Market, by Vertical
1.4.3 North America Language Translation Software Market, by Enterprise Size
1.4.4 North America 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. North America Language Translation Software Market by Component
4.1 North America Solution Market by Country
4.2 North America Language Translation Software Market by Solution Type
4.2.1 North America Rule-based Machine Translation Market by Country
4.2.2 North America Statistical Machine Translation Market by Country
4.2.3 North America Hybrid Machine Translation Market by Country
4.3 North America Services Market by Country
Chapter 5. North America Language Translation Software Market by Vertical
5.1 North America IT & Telecom Market by Country
5.2 North America Manufacturing Market by Country
5.3 North America Education Market by Country
5.4 North America Healthcare Market by Country
5.5 North America BFSI Market by Country
5.6 North America Travel & Tourism Market by Country
5.7 North America Other Vertical Market by Country
Chapter 6. North America Language Translation Software Market by Enterprise Size
6.1 North America Large Enterprises Market by Country
6.2 North America SMEs Market by Country
Chapter 7. North America Language Translation Software Market by Country
7.1 US Language Translation Software Market
7.1.1 US Language Translation Software Market by Component
7.1.1.1 US Language Translation Software Market by Solution Type
7.1.2 US Language Translation Software Market by Vertical
7.1.3 US Language Translation Software Market by Enterprise Size
7.2 Canada Language Translation Software Market
7.2.1 Canada Language Translation Software Market by Component
7.2.1.1 Canada Language Translation Software Market by Solution Type
7.2.2 Canada Language Translation Software Market by Vertical
7.2.3 Canada Language Translation Software Market by Enterprise Size
7.3 Mexico Language Translation Software Market
7.3.1 Mexico Language Translation Software Market by Component
7.3.1.1 Mexico Language Translation Software Market by Solution Type
7.3.2 Mexico Language Translation Software Market by Vertical
7.3.3 Mexico Language Translation Software Market by Enterprise Size
7.4 Rest of North America Language Translation Software Market
7.4.1 Rest of North America Language Translation Software Market by Component
7.4.1.1 Rest of North America Language Translation Software Market by Solution Type
7.4.2 Rest of North America Language Translation Software Market by Vertical
7.4.3 Rest of North America 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 North America Language Translation Software Market, 2018 - 2021, USD Million
TABLE 2 North America Language Translation Software Market, 2022 - 2028, USD Million
TABLE 3 North America Language Translation Software Market by Component, 2018 - 2021, USD Million
TABLE 4 North America Language Translation Software Market by Component, 2022 - 2028, USD Million
TABLE 5 North America Solution Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Solution Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Language Translation Software Market by Solution Type, 2018 - 2021, USD Million
TABLE 8 North America Language Translation Software Market by Solution Type, 2022 - 2028, USD Million
TABLE 9 North America Rule-based Machine Translation Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Rule-based Machine Translation Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Statistical Machine Translation Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Statistical Machine Translation Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Hybrid Machine Translation Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Hybrid Machine Translation Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Language Translation Software Market by Vertical, 2018 - 2021, USD Million
TABLE 18 North America Language Translation Software Market by Vertical, 2022 - 2028, USD Million
TABLE 19 North America IT & Telecom Market by Country, 2018 - 2021, USD Million
TABLE 20 North America IT & Telecom Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Education Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Education Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 27 North America BFSI Market by Country, 2018 - 2021, USD Million
TABLE 28 North America BFSI Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Travel & Tourism Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Travel & Tourism Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Other Vertical Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Other Vertical Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Language Translation Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 34 North America Language Translation Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 35 North America Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 37 North America SMEs Market by Country, 2018 - 2021, USD Million
TABLE 38 North America SMEs Market by Country, 2022 - 2028, USD Million
TABLE 39 North America Language Translation Software Market by Country, 2018 - 2021, USD Million
TABLE 40 North America Language Translation Software Market by Country, 2022 - 2028, USD Million
TABLE 41 US Language Translation Software Market, 2018 - 2021, USD Million
TABLE 42 US Language Translation Software Market, 2022 - 2028, USD Million
TABLE 43 US Language Translation Software Market by Component, 2018 - 2021, USD Million
TABLE 44 US Language Translation Software Market by Component, 2022 - 2028, USD Million
TABLE 45 US Language Translation Software Market by Solution Type, 2018 - 2021, USD Million
TABLE 46 US Language Translation Software Market by Solution Type, 2022 - 2028, USD Million
TABLE 47 US Language Translation Software Market by Vertical, 2018 - 2021, USD Million
TABLE 48 US Language Translation Software Market by Vertical, 2022 - 2028, USD Million
TABLE 49 US Language Translation Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 50 US Language Translation Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 51 Canada Language Translation Software Market, 2018 - 2021, USD Million
TABLE 52 Canada Language Translation Software Market, 2022 - 2028, USD Million
TABLE 53 Canada Language Translation Software Market by Component, 2018 - 2021, USD Million
TABLE 54 Canada Language Translation Software Market by Component, 2022 - 2028, USD Million
TABLE 55 Canada Language Translation Software Market by Solution Type, 2018 - 2021, USD Million
TABLE 56 Canada Language Translation Software Market by Solution Type, 2022 - 2028, USD Million
TABLE 57 Canada Language Translation Software Market by Vertical, 2018 - 2021, USD Million
TABLE 58 Canada Language Translation Software Market by Vertical, 2022 - 2028, USD Million
TABLE 59 Canada Language Translation Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 60 Canada Language Translation Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 61 Mexico Language Translation Software Market, 2018 - 2021, USD Million
TABLE 62 Mexico Language Translation Software Market, 2022 - 2028, USD Million
TABLE 63 Mexico Language Translation Software Market by Component, 2018 - 2021, USD Million
TABLE 64 Mexico Language Translation Software Market by Component, 2022 - 2028, USD Million
TABLE 65 Mexico Language Translation Software Market by Solution Type, 2018 - 2021, USD Million
TABLE 66 Mexico Language Translation Software Market by Solution Type, 2022 - 2028, USD Million
TABLE 67 Mexico Language Translation Software Market by Vertical, 2018 - 2021, USD Million
TABLE 68 Mexico Language Translation Software Market by Vertical, 2022 - 2028, USD Million
TABLE 69 Mexico Language Translation Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 70 Mexico Language Translation Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 71 Rest of North America Language Translation Software Market, 2018 - 2021, USD Million
TABLE 72 Rest of North America Language Translation Software Market, 2022 - 2028, USD Million
TABLE 73 Rest of North America Language Translation Software Market by Component, 2018 - 2021, USD Million
TABLE 74 Rest of North America Language Translation Software Market by Component, 2022 - 2028, USD Million
TABLE 75 Rest of North America Language Translation Software Market by Solution Type, 2018 - 2021, USD Million
TABLE 76 Rest of North America Language Translation Software Market by Solution Type, 2022 - 2028, USD Million
TABLE 77 Rest of North America Language Translation Software Market by Vertical, 2018 - 2021, USD Million
TABLE 78 Rest of North America Language Translation Software Market by Vertical, 2022 - 2028, USD Million
TABLE 79 Rest of North America Language Translation Software Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 80 Rest of North America Language Translation Software Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 81 key information – Microsoft Corporation
TABLE 82 Key information – IBM Corporation
TABLE 83 Key Information – Google LLC
TABLE 84 Key Information – Acolad Group
TABLE 85 Key Information – AppTek
TABLE 86 Key Information – LanguageLine Solutions
TABLE 87 key Information – inRiver AB
TABLE 88 Key Information – Babylon Software Ltd.
TABLE 89 Key Information – Lingotek, Inc.
TABLE 90 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)