Published Date : May 16, 2016
Albany, New York, May 16, 2016: MarketResearchReports.biz has announced the addition of a new featured report to its online repository of market intelligence. The report profiles the global language translation software market and presents actionable insights for readers. The 536-page report is titled ‘Language Translation Software: Market Shares, Strategies, And Forecasts, Worldwide, 2014 To 2020’ and is available on the website for sale.
The global language translation software market is being driven by the increasing use of mobile and flexible end point information collection units. As the world comes closer thanks to rampant globalization, efficacious tools are required to bridge the communication gap between people or regions. Language translation software is of immense help in this regard, as it provides on-the-spot translations, facilitating easy conversation.
Thanks to the technological upgrades observed over the years, today’s language translation software has achieved an excellent level of sophistication. Combining rule-based and statistical translation, modern language translation software is able to provide translations of almost any phrase imaginable. Such language translation programs are being used on an enterprise level, which has driven the global language translation software market. Enterprise-level machine translation systems are considered a black box solution, thanks to the complexity and resource-intensive nature of their mechanism.
The increasing volume of documents to be translated and the scarcity of translators are the two main drivers estimated for the global language translation software market. Since corporate documents often need to be translated into more than one language, a machine translation tool is economically much more beneficial for companies than paying for translators individually. This has driven innovation in machine translation systems to incorporate a large number of languages and to make them easy to operate, more effective, and smarter.
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The development of the smartphones sector in the last few years has also helped the global language translation software market massively. Smartphones can, naturally, store language translation apps, but some smartphones can even identify text off paper and then translate it. This has allowed local units of multinational corporations to thrive, since communications can be instantly translated from the language of the main office to the language of the local unit, and vice versa.
The rise in the popularity of social media in recent years has also been beneficial for the global language translation software market. Comments about various products can be mined with big data technologies and then translated to the respective company’s language, which can be used by the company to formulate market expansion strategies based on this innovative form of consumer feedback.
In order the present insights into the competitive landscape of the global language translation software market, the report looks into the major products in the global market. These include products from industry giants such as Google, IBM, SDL, Systran, Alchemy, Lionbridge, Lingotek, MultiCorpora, Kilgray Translation Technologies, Language Weaver, Cognition Technologies, Babylon, Moravia, Symbio Software, Bitext, and Softissimo.
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