The Translation Management Systems Market is Predict to reach USD 5.8 Billion by 2030, at a CAGR of 17.5%

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Translation Management Systems Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Translation Management Systems Market size is expected to reach $5.8 billion by 2030, rising at a market growth of 17.5% CAGR during the forecast period.

The Services segment is exhibiting a CAGR of 19.3% during (2023 - 2030). TMS services often provide access to professional translators and linguists who can deliver high-quality translations. This is particularly important for businesses with complex or specialized content. Services offer greater flexibility in terms of language support and expertise. Businesses can easily access translators with specific language skills or industry knowledge as required. TMS services often include additional services such as localization, desktop publishing, and linguistic testing, providing businesses with a more comprehensive solution for their translation needs.

Translation Management Systems Market Size - By Region

The Legal segment would exhibit a CAGR of 18.3% during (2023 - 2030). Legal language is highly complex and specialized, requiring specialized knowledge and expertise for translation. TMS helps ensure that legal documents are translated accurately, considering the nuances and complexities of legal terminology. Legal documents frequently comprise confidential and sensitive data. TMS helps ensure translated legal documents comply with local laws and regulations in different jurisdictions. Moreover, TMS can integrate with legal software and tools law firms and legal departments use, enhancing workflow efficiency and streamlining the translation process.

The Translation segment is generating highest revenue in the Global Translation Management Systems Market by Application in 2022; thereby, achieving a market value of $2.0 billion by 2030. Machine Translation (MT) and Artificial Intelligence (AI) integration in TMS have revolutionized the translation industry, offering numerous benefits that improve translation speed, accuracy, and overall efficiency. These technologies are transforming how organizations handle multilingual content, providing new opportunities to streamline workflows and deliver high-quality translations.

The Education segment is experiencing a CAGR of 19.1% during (2023 - 2030). With the globalization of education, there is a growing need for educational materials to be translated into multiple languages. TMS helps educational institutions translate course materials, textbooks, and other resources to make them accessible to students worldwide. TMS facilitates curriculum internationalization by translating course materials and resources into languages other than the primary language of instruction. This allows educational institutions to attract students from different parts of the world.

Full Report: https://www.kbvresearch.com/translation-management-systems-market/

The North America region dominated the Global Translation Management Systems Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.1 billion by 2030. The Europe region is anticipated to grow at a CAGR of 17.1% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 18.3% during (2023 - 2030).

List of Key Companies Profiled

Microsoft Corporation
Google LLC (Alphabet Inc.)
Amazon Web Services, Inc. (Amazon.com, Inc.)
Oracle Corporation
SAP SE
Acolad Group
LanguageLine Solutions (Teleperformance SE)
Babylon Software Ltd.
XTM International Ltd
United Language Group Limited

Translation Management Systems Market Report Segmentation

By Offering

Software
- Translation Software
- Localization Software
- Translation Project Management Software
- Terminology Management Software
- Quality Assurance Software
- Analytics & Reporting
- Others
Services

By Content Type

Text-based Content
Audio-based Content
Video-based Content

By Business Function

Sales & Marketing
Finance & Accounting
Legal
Human Resources
Others

By Application

By Vertical

By Geography

North America
- US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA

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The Translation Management Systems Market is Predict to reach USD 5.8 Billion by 2030, at a CAGR of 17.5%

Special Offering :

Translation Management Systems Market Growth, Trends and Report Highlights

List of Key Companies Profiled

Translation Management Systems Market Report Segmentation

North America Translation Management Systems Market Size, 2030

LAMEA Translation Management Systems Market Size | 2030

Europe Translation Management Systems Market Size, 2030

Asia Pacific Translation Management Systems Market Size, 2030