Industry Background:
Computer assisted translation software, also known as CAT tool or software, is used by linguists and translators to translate a text into the language they require. Additionally, the translated text is saved into a database, which is known as Translation Memory (TM). Computer assisted translation software enables higher level of content translation in less time, as it breaks the content into small text segments. One of the important trends observed in the translation industry includes the integration of advanced technologies with translation software. The innovation in the translation industry is expanding based on continuous technological evolution.This growth is primarily driven by Growing number of translation software provided by companies through the internet, and the increasing need for translation of web content and websites across organizations.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Systems Software sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Andovar Pte Ltd. (Singapore), Crowdin (Estonia), Lessify.io (Switzerland), lingohub GmbH (Austria), Lokalise, Inc.(United States), MateCat (Italy), memoQ (Hungary), Memsource (Czechia), MotionPoint Corporation. (United States) and Pairaphrase LLC (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Influencing Trend:
Growing popularity of audio and video translations and Rising demand for cloud-based computer assisted translation software
Market Growth Drivers:
Growing number of translation software provided by companies through the internet, and the increasing need for translation of web content and websites across organizations
Challenges:
Privacy and security concerns
Restraints:
The easy availability and access to cost-free translation software
Opportunities:
Growing focus of translation management systems (TMS) across small & medium and large enterprises
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Computer Assisted Translation Software Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Computer Assisted Translation Software Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Computer Assisted Translation Software players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Computer Assisted Translation Software Study Sheds Light on
The Computer Assisted Translation Software Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Computer Assisted Translation Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Computer Assisted Translation Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.