London, UK (PRWEB) November 10, 2014
The global markets are expected to achieve ongoing growth as the language translation software systems are brought into being to support mobile endpoint information collections which are localised. Systems are powered by hybrid machine translation (MT) engines. The worldwide machine translation markets stood at USD 4 billion as of 2013 are poised to increase to USD 10.6 billion by 2020, due to the never-ceasing trend towards outreach to the whole world by every enterprise.
The key driving forces of the language translation software market pertain to localisation at all levels of business processes. Smartphones are the latest driver of the sector. Every organization has to make its websites user-friendly in every location in which it has a market. Globally integrated enterprises usually enjoy a presence in around 80-170 countries. Localisation is similar to translation. People then access these websites and purchase from the sites utilising their smartphones. The Samsung Galaxy S IV is capable of translating various languages on a real time basis. Cloud-based business solutions, social media, and platform systems of engagement are the key IT market shifts which language translation software systems have incorporated. The lines of businesses are currently taking over from the IT departments. A leading cloud computing segment pertains to the development of applications for every sector.
A slew of vendors such as Lionbridge, SDL, IBM, among others, have positioned to provide industry-specific product systems. Solutions are based on a deep awareness of the requirements and issues which drive businesses. SDL takes communications, content, and products across the world.
New report “Language Translation Software Market Shares, Strategies, and Forecasts, Worldwide, 2014-2020” drawn up by WinterGreen Research is now available at MarketPublishers.com
Title: Language Translation Software Market Shares, Strategies, and Forecasts, Worldwide, 2014-2020
Published: November, 2014
Price: US$ 3,900.00
The report presents a comprehensive analysis of the world language translation software market. It covers the key drivers of the growth in the sector, gives an overview of various language translation software cloud platforms, highlights the latest industry developments, provides data on market shares, analyses the market size, and examines the most influencing market challenges and opportunities. The study offers a comprehensive discussion of the competitive landscape, profiles the dominant market players alongside looking at their major strategies. Detailed market forecasts up to 2020 are provided as well.
- Exhaustive description of the market for language translation software systems, along with analysis of the market dynamics.
- Unbiased market share data plus exhaustive forecasts.
- Analysis of the size of the language translation market.
- Language translation pricing information.
- In-depth examination of the regional markets.
- Identification of the opportunities in the marketplace.
- Description of leading language translation software products.
- Language translation software technology.
- Description of the dominant players in the field.
More new studies by the publisher can be found at WinterGreen Research page.