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Language Translation Software Market Expands Progressively As Localization Becomes the Future of Translation

Blog Description

Businesses have long realized the importance of retooling their business from global to local, and this has brought about a whole new wave of localization services. Because language is the key to communicating with regional consumers, the language translation software market has grown several times over.

Companies in the language translation software market essentially monetize the increasing relevance of the internet in an average consumer’s day-to-day life. This has occurred because of the increased penetration of smartphones, wearable gadgets, and other personal computing devices. Of these, smartphones have proven to be the key factor impelling demand for software language translation. Websites today not only need to be adapted to the mobile screen, they also need to be available in regional languages so more people can access them.

Browse the full Global Language Translation Software Market Report:

The language translation software market is currently witnessing the rise of hybrid machine translation systems as they fuse together the best features of statistical and rule-based machine translation systems.

Here are some facts that substantiate why language translation software is becoming imperative for global businesses:

· The average globally-integrated enterprise is seen to have a presence in about 80 countries, with some of them being present in as many as 170 countries.

· In the Internet Age, localization has replaced the conventional methods of translation. Localization is more intuitive, evolved and feature-rich.

· Manufacturers of computers and smartphones have realized how important it is for consumers to access information in their language. An example of this would be the Samsung Galaxy S IV that offers real-time translation into multiple language. The phone can even scan data from a piece of paper (via the camera) and translate it instantly.

· Language translation now plays a central role in big data applications to tap the information minefield that social media offers.

Thus, it is evident why and how language translation software is helping apps become more useful and relevant to users in various geographies. At the same time, cloud mobile solutions are an exciting facet of the language translation software market. These solutions are offered via the development of custom mobile apps featuring toolkits and functions such as cameras, buttons, and geo-specific features.

Browse the full Press Release of Global Language Translation Software Market:

The global machine translation market was estimated at US$1.6 billion as of 2012, according to a report by Wintergreen Research. The market is expected to reach US$6.9 billion by the end of 2019. These promising prospects of the language translation software market have prompted vendors such as Lionbridge, IBM, and SDL to launch their own software and platforms. As these companies vie for a larger share of the ever-expanding revenue pie within the language translation software market, innovation and cost-competitiveness are expected to be the byproducts.