Global Language Translation Software Market, By Component (Solution, Service), By Function (Translation, Localization, Interpretation), By Organization Size (Large Enterprises), By Vertical (Healthcare, Government, IT & Telecommunication) - Forecast 2032

Language Translation Software Market Overview:

The Global Language Translation Software Market is predicted to increase the market share at approximately 24.87 Billion for the forecast period of 2030. Further, the global market has aimed to meet 16.80% of CAGR for the forecast period of 2024 to 2032. Geographically, the North American region is generating the highest market share in Global Language Translation Software Market due to the migration of people from different countries and the presence of major players in this region. Moreover, countries like US and Canada are generating the highest market revenue in this region. Along with that, the Asia‐Pacific region is predicted to generate the highest CAGR for the forecast period of 2030.

This region is enhancing the global growth for the Language Translation Software Market due to the huge investments of the investors in the tools and technology for the betterment of productivity in their business. Also, this region is offering BPO services to various non-English spoken regions, which is increasing the demand for global products in this region.

The Language Translation Software Market is classified on the basis of organization size, components, function, and vertical. Along with that, the component segment is further sub-divided into solution and service. The service segment is involving the managed service, professional service, and integration service. On the other hand, the solution segment is involving statistical-based machine translation, hybrid machine translation, and rule-based machine translation. The increasing trend of bringing your own devices, persistent rise in the complexity of technological solutions, rise in digital information, the need to secure it, flexibility to match custom requirements, and a continuous upsurge in dependency over heterogeneous networks are some of the major driving factors for increasing the demand of the Language Translation Software Market.

The Language Translation Software Market report is explaining about the COVID-19 analysis to understand the positive and negative impact on the global market. Along with that, this report has given the focus on the market dynamics of the Language Translation Software Market that has explained the global challenges, cumulative analysis, restraints, opportunities, and growth drivers. Moreover, the global report has emphasized the market segment overview to understand its organization size, components, function, and vertical across various regions.

COVID-19 Impact Analysis:

The ongoing pandemic had impacted the Language Translation Software Market across various regions. The global market has experienced a huge amount of loss during the lockdown. The COVID-19 pandemic has shown decreasing interest in language translation software. The global market has lost its investors and supply chain, which has affected the global growth of the LTS Market.

Hence, the key players have given the focus on the increasing demand of the BPO services that have increased much interest in language translation software. Moreover, these key players have played an important role in boosting the LTS Market for the forecast period.

Global Market Dynamics:

Primary Key Driver:

The increasing trend of bringing your own devices, persistent rise in the complexity of technological solutions, rise in digital information, the need to secure it, flexibility to match custom requirements, and the continuous upsurge in dependency over heterogeneous networks are some of the major driving factors for increasing the demand of the Language Translation Software Market.The Language Translation Software Market is increasing its demand with the huge investments of the investors in the tools and technology for the betterment of productivity in their business.

Opportunities for the Global Market:

The global Language Translation Software Market Trends are offering the BPO services to various non-English spoken regions, which is increasing various opportunities for the global producers in this region.Moreover, the investors' increasing investments in the language translation software tools and technology are boosting up various opportunities for the manufacturers.

Market Restraints:

The increasing demand for language translation software tools and technology by consumers can be a restraint for the Language Translation Software Market Trends.Another restraint that the global market had faced is the COVID-19, where the decreasing interest in language translation software has been evident. The global market has lost its investors and supply chain, which has affected the global growth of the LTS Market.

Global Market Challenges:

The rise in digital information and the need to secure it are increasing the demand of the global Language Translation Software Market. Further, the increasing security concerns at public places can be a major challenge for the global market.The Language Translation Software Market Analysis report explains that the Language Translation Software Market Players are being involved in the marketing field to fight these challenges and produce the high demand on a large scale.

Cumulative Growth Analysis:

The Global Language Translation Software Market is predicted to increase the market share at approximately USD 25 Billion for the forecast period of 2023. Further, the global market has aimed to meet 16% of CAGR for the forecast period of 2017 to 2023.The Language Translation Software Market Players are giving their collective efforts, which is thriving the global market growth across different regions.

Market segmentation Overview: By Solution:

• Based on the solution segmentation, the Language Translation Software Market is classified into different solutions: Hybrid Machine Translation, Rule-Based Machine Translation, and Statistical-Based Machine Translation.


• All these three solutions are increasing the demand of the global market by providing appropriate solutions to its customers.

By Service:

• The service segment of the Language Translation Software Market is classified into managed service, professional service, and integration service.


• Among these entire services segment, the managed service sub-segment is generating the largest market share with generating higher growth for the forecast period of 2023.

By Functions:

• Based on the function segmentation, the Language Translation Software Market is classified into different solutions: Interpretation, Translation, Localization, Transcription, and Others.


• All these functions boost the demands for language translation software tools and technology and bring more opportunities to the global market.

By Verticals:

• The Language Translation Software Market has various segmental verticals such as Healthcare, Education, Government, BFSI, IT and Telecommunication, Manufacturing, and Others.


• All these vertical segments have understood the importance of the global product and services, which is enhancing the Language Translation Software Market Growth.

Regional Analysis:

The Language Translation Software Industry is increasing its demand across various regions. These popular regions are Asia Pacific, Europe, South America, North America, and the Rest of the World.

Geographically, the North American region is generating the highest market share in the Language Translation Software Business due to the migration of people from different countries and the presence of major players in this region. Moreover, countries like the US and Canada are generating the highest market revenue in this region. Along with that, the Asia‐Pacific region is predicted to generate the highest CAGR for the forecast period of 2023. This region is enhancing the global growth for the Language Translation Software Business due to the huge investments of the investors in the tools and technology for the betterment of productivity in their business. Also, this region is offering BPO services to various non-English spoken regions, which is increasing the demand for global products in this region.

Competitive Landscape Analysis:

The Language Translation Software Industry has involved various major key players such as:

• Lionbridge Technologies, Inc. (U.S.)


• Bigword Group Ltd. (England)


• Languageline Solutions (U.S.)


• Google Inc. (U.S.)


• IBM Corporation (U.S.)


• Global Linguist Solutions (U.S.)


• Babylon Corporation (Israel)


• Microsoft Inc. (U.S.)


• Systran (South Korea)


• Cloudwords Inc. (U.S.)

These key players are increasing the global demand by giving innovations in Language Translation Software tools and technology.

Recent Developments:

Translated has just released a groundbreaking update for Matcat, an open-source Computer Assisted Translation (CAT) tool, in 2024. In this upgrade, ModernMT’s adaptive neural machine translation (MT) model, which is freely available for all logged-in users, is set as the default MT engine. By using adaptive machine translation (MT), translators can save time and only focus on fine-grained aspects that affect overall quality.

In 2024, at Build, real-time video translation for the Edge browser, among other innovations powered by AI, was unveiled by Microsoft. It means that videos can now be subtitled and translated into the preferred languages of their users as well.

VORMOR Z6 language translator was launched in June 2023 with a bigger screen and more than 100 languages stored in its database, according to VORMOR. It is making portable translation technology better than ever before. The strategy helps the organization grow in the market.

During April of 2023, AXL EdTech has been working on their new product named “Merlin” – proprietary software specially designed for translating e-learning courses. It features an AI avatar that translates videos with the exact voice timbre and lip movements of the original speaker for a hyperrealistic translation experience. Merlin supports all languages, automatically translating lessons uploaded to the AXL platform into any one of fifty different languages.

MoxWave cloud-based NMT was launched by Process9, an Indian language tech company, in December of 2022. This innovative software-as-a-service (SaaS) product developed in India allows content to be translated into thirteen Indian languages including Hinglish- a mixture of Hindi and English used widely across India. The product continues to expand its supported languages both globally as well as those particular to India.

For example, Kotozna Inc., a Japan-based software startup, premiered its latest digital concierge platform called Kotozna In-room, which translates messages between hotels and travel markets in 109 languages in January 2022. The system enables hotel guests and staff to converse instantly using their mother tongues but then get the messages translated into any language the individual may be speaking. This will open up new potentials, more value for innovation, enhance the translation role and create market opportunities for translation software.

Report Overview:

The Language Translation Software Market report is explaining about the COVID-19 analysis to understand the positive and negative impact on the global market. Along with that, this report has given the focus on the market dynamics of the Language Translation Software Market that has explained the global challenges, cumulative analysis, restraints, opportunities, and growth drivers. Moreover, the global report has emphasized the market segment overview to understand its organization size, components, function, and vertical across various regions.

Segmental Table: By Solution

• Hybrid Machine Translation,


• Rule-Based Machine Translation,


• Statistical-Based Machine Translation

By Services:

• Managed service


• Professional service


• Integration service

By Functions:

• Interpretation


• Translation


• Localization


• Transcription


• Others

By Verticals:

• Healthcare


• Education


• Government


• BFSI


• IT and Telecommunication


• Manufacturing


• Others

Report Attribute/MetricDetails
Market Size	USD 24.87 Billion (2030)
CAGR	16.80% (2022-2030)
Base Year	2023
Forecast Period	2024-2032
Historical Data	2018
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Component, By Function
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	Bigword Group Ltd. (England), Lionbridge Technologies, Inc. (U.S.), Languageline Solutions (U.S.), Global Linguist Solutions (U.S.), Babylon Corporation (Israel), Google Inc. (U.S.), IBM Corporation (U.S.), Microsoft Inc. (U.S.), Systran (South Korea), Cloudwords Inc. (U.S.)
Key Market Opportunities	Enterprises in the region are investing huge in language translation tools to improve business efficiency and productivity, and the region is also provider of BPO services to numerous non-english spoken region is fuelling the market in the region.
Key Market Drivers	The key drivers contributing to the growth of the managed services are rise in digital information, the need to secure it, increasing trend of bring your own devices, flexibility to match custom requirements, continuous upsurge in dependency over heterogeneous networks, and persistent rise in the complexity of technological solutions.