조사회사 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2024년02월
Translation Management Systems Market – Global Forecast to 2030
번역 관리 시스템 시장 : 제공 내용 [소프트웨어(현지화, 용어 관리), 서비스], 콘텐츠 유형(오디오, 비디오, 텍스트), 용도(프로젝트 관리, 청구 및 송장 분석), 업종 및 지역별 – 2030년까지의 세계 예측
Translation Management Systems Market by Offering (Software (Localization, Terminology Management), Services), Content Type (Audio, Video, Text), Application (Project Management, Billing & Invoice Analysis), Vertical and Region – Global Forecast to 2030
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Report Overview
The translation management systems market is projected to grow from USD 2.2 billion in 2024 to USD 5.7 billion by 2030, at a compound annual growth rate (CAGR) of 17.2% during the forecast period.
번역 관리 시스템 시장은 예측 기간 동안 연평균 복합 성장률(CAGR) 17.2%로 2024년 22억 달러에서 2030년까지 57억 달러로 성장할 것으로 예상됩니다.
The growth of the translation management systems market is primarily driven by the Increased collaboration across borders among individuals and businesses, the rise of e-commerce, and the swift growth of digital content across the globe.
“By software, terminology management software segment is expected to register the fastest market growth rate during the forecast period”
Terminology management software in the translation management systems sector is expected to experience the fastest growth rate during the forecast period due to effective communication across global markets which demands precise and consistent terminology usage, especially in industries such as technology, healthcare, and legal sectors where accuracy is paramount. Additionally, the rise of content localization across various digital platforms, including websites, mobile applications, and e-commerce platforms, further underscores the importance of robust terminology management solutions. By leveraging centralized terminology databases and integration capabilities with translation management systems, organizations can achieve greater efficiency and consistency in multilingual content creation.
“By business function, sales & marketing segment is expected to account for the largest market share during the forecast period”
The sales & marketing segment of the translation management systems market is poised to capture the largest market share during the forecast period primarily due to the proliferation of digital platforms and e-commerce which has exponentially increased the volume and variety of content that businesses need to localize. From website copy and social media posts to product descriptions and email campaigns, the demand for multilingual content continues to surge. This trend is expected to drive substantial growth in the sales & marketing segment as businesses seek to enhance operational efficiency and stay competitive in the evolving landscape.
“By Region, Asia Pacific is slated to grow at the fastest rate and Europe to have the largest market share during the forecast period”
The Asia Pacific region is anticipated to experience accelerated growth in the translation management systems market due to factors such as the rapid economic growth and burgeoning digital transformation, and linguistic diversity promoting localization solutions. Meanwhile, Europe is projected to hold the largest market share, driven by the region’s robust infrastructure and technological prowess, European Union’s emphasis on multilingualism and cross-border collaboration and a a diverse and multilingual landscape. The combination of these factors positions Europe as a dominant market player, while Asia Pacific showcases significant potential for rapid expansion.
Breakdown of primaries
In-depth interviews were conducted with Chief Executive Officers (CEOs), vice presidents, innovation and technology directors, system integrators, and executives from various key organizations operating in the translation management systems market.
§ By Company: Tier I–40%, Tier II–35%, and Tier III–25%
§ By Designation: C-Level Executives–35%, D-Level Executives–45%, and others–20%
§ By Region: North America– 20%, Europe – 35%, Asia Pacific– 30% and Middle East Africa- 5%, Latin america-10%
The report includes the study of key players offering translation management systems software and services. The major players in the translation management systems market include TransPerfect (US), RWS Group (UK), LanguageLine Solutions (US), Lionbridge (US), Acolad Group (France), Welocalize (US), Translate Plus (UK), Microsoft (US), Google (US), AWS (US), Smartling (US), XTM International (UK), Star Group (Switzerland), memoQ (Hungary), Transifex (US), Oracle (US), Centific (US), and SAP (Germany), Across Systems (Germany), Phrase (Germany), Toppan Digital Language Ltd (UK), Wordbee (Luxembourg), Babylon Software LTD (Israel), Corwdin (Estonia), DeepL (Germany), United Language Group (US), CQ Fluency (US), Lokalise (US), Weglot (France), Smartcat (US), Unbabel (US), Localize (US), and Wordfast (US).
Research coverage
This research report categorizes the translation management systems market by Offering (Software and Services), by Content Type (Audio-Based Content, Video-Based Content, and Text-Based Content), by Application (Translation, Terminology Management, Quality Assurance, Project Management, Resource Management, Billing & Invoicing Analysis and Other Applications (SEO Optimization, Cross-Cultural Communication)), by Business Function (Legal, Finance & Accounting, Sales & Marketing, Human Resources and Other Business Functions (R&D and Operations)), by Vertical (BFSI, Healthcare & Life Sciences, Manufacturing, Retail & E-Commerce, Media & Entertainment, Education, IT & ITeS, Travel & Hospitality and Other Verticals (Automotive, Telecom, Energy & Utilities, and Education)), and by region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the translation management systems market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; contracts, partnerships, agreements, new product & service launches, mergers and acquisitions, and recent developments associated with the translation management systems market. Competitive analysis of upcoming startups in the translation management systems market ecosystem is covered in this report.
Key Benefits of Buying the Report
The report would provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall translation management systems market and its subsegments. It would help stakeholders understand the competitive landscape and gain more insights better to position their business and plan suitable go-to-market strategies. It also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (the exponential growth of digital content has fueled the need for
effective translation solutions, the rise of e-commerce has led to an increased need for translation services, the increasing cross-border collaboration between individuals and
businesses, the shift towards cloud computing is evolving the translation
software industry), restraints (quality concerns with machine translation, poor translation accuracy rates caused by less common languages, the rising concerns of data security and privacy to hinder the growth of the market), opportunities (scalability and geographic expansion of business with translation management systems, cross-platform and cross-device integration to enhance the accessibility and usability of translation software, integration with Al-driven content creation to streamline the process of creating multilingual content), and challenges (complexity involved with translating language structures, adaptability to constantly evolving language and communication, growing ethical concerns and biasness in machine translation models).
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the translation management systems market
• Market Development: Comprehensive information about lucrative markets – the report analyses the translation management systems market across varied regions
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the translation management systems market
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like TransPerfect (US), RWS Group (UK), LanguageLine Solutions (US), Lionbridge (US), Acolad Group (France), Welocalize (US), Translate Plus (UK), Microsoft (US), Google (US), AWS (US), Smartling (US), XTM International (UK), Star Group (Switzerland), memoQ (Hungary), Transifex (US), Oracle (US), Centific (US), and SAP (Germany), among others in the translation management systems market. The report also helps stakeholders understand the pulse of the translation management systems market and provides them information on key market drivers, restraints, challenges, and opportunities.
Table of Contents
1 INTRODUCTION 52
1.1 STUDY OBJECTIVES 52
1.2 MARKET DEFINITION 52
1.2.1 INCLUSIONS & EXCLUSIONS 53
1.3 STUDY SCOPE 54
1.3.1 MARKET SEGMENTATION 54
1.3.2 REGIONS COVERED 55
1.4 YEARS CONSIDERED 55
1.5 CURRENCY CONSIDERED 56
TABLE 1 USD EXCHANGE RATES, 2018–2023 56
1.6 STAKEHOLDERS 56
1.6.1 IMPACT OF RECESSION 56
2 RESEARCH METHODOLOGY 57
2.1 RESEARCH DATA 57
FIGURE 1 TRANSLATION MANAGEMENT SYSTEMS MARKET: RESEARCH DESIGN 57
2.1.1 SECONDARY DATA 58
2.1.2 PRIMARY DATA 58
TABLE 2 PRIMARY INTERVIEWS 59
2.1.2.1 Breakup of primary profiles 59
2.1.2.2 Key industry insights 60
2.2 MARKET BREAKUP AND DATA TRIANGULATION 61
FIGURE 2 DATA TRIANGULATION 61
2.3 MARKET SIZE ESTIMATION 62
FIGURE 3 TRANSLATION MANAGEMENT SYSTEMS MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES 62
2.3.1 TOP-DOWN APPROACH 62
2.3.2 BOTTOM-UP APPROACH 63
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 1, BOTTOM-UP (SUPPLY SIDE): REVENUE FROM SOLUTIONS/SERVICES OF TRANSLATION MANAGEMENT SYSTEM VENDORS 63
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 2, BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE FROM ALL SOLUTIONS/SERVICES OF TRANSLATION MANAGEMENT SYSTEM VENDORS 64
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 3, BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE FROM ALL SOLUTIONS/SERVICES OF TRANSLATION MANAGEMENT SYSTEM VENDORS 65
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 4, BOTTOM-UP (DEMAND SIDE): SHARE OF TRANSLATION MANAGEMENT SYSTEMS THROUGH OVERALL LANGUAGE TECHNOLOGY SPENDING 65
2.4 MARKET FORECAST 66
TABLE 3 FACTOR ANALYSIS 66
2.5 RESEARCH ASSUMPTIONS 67
2.6 LIMITATIONS AND RISK ASSESSMENT 68
2.7 IMPLICATIONS OF RECESSION ON TRANSLATION MANAGEMENT SYSTEMS MARKET 69
TABLE 4 IMPACT OF RECESSION ON TRANSLATION MANAGEMENT SYSTEMS MARKET 69
3 EXECUTIVE SUMMARY 71
TABLE 5 TRANSLATION MANAGEMENT SYSTEMS MARKET AND GROWTH RATE, 2018–2023 (USD MILLION, Y-O-Y %) 72
TABLE 6 TRANSLATION MANAGEMENT SYSTEMS MARKET AND GROWTH RATE, 2024–2030 (USD MILLION, Y-O-Y %) 72
FIGURE 8 SOFTWARE SEGMENT TO ACCOUNT FOR LARGER MARKET IN 2024 73
FIGURE 9 TRANSLATION SOFTWARE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 73
FIGURE 10 PROFESSIONAL SERVICES SEGMENT TO DOMINATE MARKET IN 2024 73
FIGURE 11 SYSTEM INTEGRATION & DEPLOYMENT SERVICES SEGMENT TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD 74
FIGURE 12 SALES & MARKETING SEGMENT TO LEAD MARKET IN 2024 74
FIGURE 13 AUDIO-BASED CONTENT SEGMENT TO REGISTER FASTEST GROWTH DURING FORECAST PERIOD 74
FIGURE 14 TRANSLATION SEGMENT TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD 75
FIGURE 15 RETAIL & E-COMMERCE SEGMENT TO ACHIEVE HIGHEST GROWTH DURING FORECAST PERIOD 75
FIGURE 16 ASIA PACIFIC TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD 76
4 PREMIUM INSIGHTS 77
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN TRANSLATION MANAGEMENT SYSTEMS MARKET 77
FIGURE 17 AMPLIFIED DEMAND FOR LOCALIZATION INSIGHTS TO PROPAGATE EXPONENTIAL GROWTH IN TRANSLATION MANAGEMENT SYSTEMS MARKET 77
4.2 TRANSLATION MANAGEMENT SYSTEMS MARKET: TOP THREE APPLICATIONS 78
FIGURE 18 TERMINOLOGY MANAGEMENT SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD 78
4.3 NORTH AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING AND KEY VERTICAL 78
FIGURE 19 SOFTWARE AND BFSI SEGMENTS TO ACCOUNT FOR SIGNIFICANT SHARE IN 2024 78
4.4 TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION 79
FIGURE 20 EUROPE TO ACCOUNT FOR LARGEST SHARE IN 2024 79
5 MARKET OVERVIEW AND INDUSTRY TRENDS 80
5.1 INTRODUCTION 80
5.2 MARKET DYNAMICS 80
FIGURE 21 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: TRANSLATION MANAGEMENT SYSTEMS MARKET 80
5.2.1 DRIVERS 81
5.2.1.1 Exponential growth of digital content to fuel demand for effective translation solutions 81
FIGURE 22 SUBSTANTIAL RISE IN MULTILINGUALISM ACROSS DIGITAL CONTENT 81
5.2.1.2 Rise in e-commerce platforms to propel adoption of translation services 81
FIGURE 23 E-COMMERCE PLATFORMS WITH HIGHEST PERCENTAGE OF CROSS-BORDER PURCHASES IN 2023 82
5.2.1.3 Increasing cross-border collaboration between individuals and businesses 82
5.2.1.4 Shift toward cloud computing evolving translation software industry 83
5.2.2 RESTRAINTS 83
5.2.2.1 Quality concerns with machine translation 83
FIGURE 24 MACHINE-BASED TRANSLATIONS HAVE STRUGGLED TO MATCH HUMAN TRANSLATION ACCURACY 84
5.2.2.2 Poor translation accuracy rates while translating fewer common languages 84
FIGURE 25 LANGUAGES WITH LOWEST MACHINE TRANSLATION ACCURACY RATES, 2022 85
5.2.2.3 Rising concerns about data security and privacy 85
5.2.3 OPPORTUNITIES 85
5.2.3.1 Scalability and geographic expansion of businesses with translation management systems 85
5.2.3.2 Cross-platform and cross-device integration to enhance accessibility and usability of translation software 86
5.2.3.3 Integration with AI-driven content creation to streamline process of creating multilingual content 86
FIGURE 26 TOP USE CASES OF AI IN TRANSLATION ACTIVITIES, 2022 87
5.2.4 CHALLENGES 87
5.2.4.1 Complexity involved with translating language structures 87
FIGURE 27 REPUTATION DAMAGE CAUSED TO BRANDS IN ASIA PACIFIC BY TRANSLATION MISTAKES, 2022 88
5.2.4.2 Adaptability to constantly evolving language and communication 88
5.2.4.3 Growing ethical concerns and biasness in machine translation models 88
5.3 EVOLUTION OF TRANSLATION MANAGEMENT SYSTEMS MARKET 89
FIGURE 28 EVOLUTION OF TRANSLATION MANAGEMENT SYSTEMS MARKET 89
5.4 ARCHITECTURE OF TRANSLATION MANAGEMENT SYSTEMS 90
FIGURE 29 TRANSLATION MANAGEMENT SYSTEMS: ARCHITECTURE 90
5.5 VALUE CHAIN ANALYSIS 92
FIGURE 30 TRANSLATION MANAGEMENT SYSTEMS MARKET: VALUE CHAIN ANALYSIS 92
TABLE 7 TRANSLATION MANAGEMENT SYSTEMS MARKET: VALUE CHAIN ANALYSIS 93
5.6 ECOSYSTEM ANALYSIS/MARKET MAP 95
TABLE 8 TRANSLATION MANAGEMENT SYSTEM MARKET: ECOSYSTEM 95
FIGURE 31 KEY PLAYERS IN TRANSLATION MANAGEMENT SYSTEM MARKET ECOSYSTEM 96
5.6.1 TRANSLATION MANAGEMENT SOFTWARE PROVIDERS 97
5.6.2 TRANSLATION MANAGEMENT SERVICE PROVIDERS 97
5.6.3 CLOUD PROVIDERS 97
5.6.4 TECHNOLOGY PROVIDERS 97
5.6.5 END USERS 98
5.6.6 GOVERNMENT & REGULATORY BODIES 98
5.7 INVESTMENT LANDSCAPE AND FUNDING SCENARIO 98
FIGURE 32 LEADING TRANSLATION MANAGEMENT STARTUPS, BY FUNDING VALUE AND FUNDING ROUND, 2023 98
FIGURE 33 FUNDING IN LANGUAGE TECHNOLOGIES, BY CATEGORY, 2022 (USD MILLION) 99
FIGURE 34 LANGUAGE AI FUNDING AS PERCENTAGE OF TOTAL AI FUNDING IN MAJOR COUNTRIES, 2013–2018 100
5.8 CASE STUDY ANALYSIS 101
5.8.1 MANUFACTURING 101
5.8.1.1 Case study 1: TransPerfect’s translation services helped Hamamatsu Photonics reduce costs and maintain high quality 101
5.8.2 IT & ITES 102
5.8.2.1 Case study 2: NETGEAR achieved global growth with localization services and technology from RWS Group 102
5.8.3 GOVERNMENT & PUBLIC SECTOR 102
5.8.3.1 Case study 3: Video interpretation helped New York Police address language barriers and improve community relations 102
5.8.4 RETAIL & E-COMMERCE 103
5.8.4.1 Case study 4: Acolad Group helped Migros update multilingual product information faster with machine translation 103
5.8.5 EDUCATION 103
5.8.5.1 Case study 5: Excedo achieved elevated visibility in new market with help of translate plus 103
5.9 TECHNOLOGY ANALYSIS 104
5.9.1 KEY TECHNOLOGIES 104
5.9.1.1 Artificial Intelligence (AI) & Machine Learning (ML) 104
5.9.1.2 Neural Machine Translation (NMT) 104
5.9.1.3 Natural Language Processing (NLP) 104
5.9.1.4 Cloud Computing 105
5.9.2 COMPLEMENTARY TECHNOLOGIES 105
5.9.2.1 Big Data Analytics 105
5.9.2.2 Speech Recognition 106
5.9.2.3 Optical Character Recognition (OCR) 106
5.9.2.4 Content Management Systems (CMS) 106
5.9.3 ADJACENT TECHNOLOGIES 107
5.9.3.1 Localization Automation Systems 107
5.9.3.2 Terminology Management Systems 107
5.9.3.3 Speech-to-Text (STT) Technology 107
5.9.3.4 Digital Asset Management (DAM) Systems 108
5.10 TARIFF AND REGULATORY LANDSCAPE 108
5.10.1 TARIFF RELATED TO COMPUTER SOFTWARE 108
TABLE 9 TARIFF RELATED TO COMPUTER SOFTWARE, 2022 108
5.10.2 REGULATORY LANDSCAPE 109
5.10.2.1 Regulatory bodies, government agencies, and other organizations 110
TABLE 10 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 110
TABLE 11 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 110
TABLE 12 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 111
TABLE 13 MIDDLE EAST & AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 111
TABLE 14 LATIN AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 112
5.10.3 REGULATIONS: TRANSLATION MANAGEMENT SYSTEMS MARKET 112
5.10.3.1 North America 112
5.10.3.1.1 Title 21 CFR Part 11 Translation Services 112
5.10.3.1.2 Standard Guide for Quality Assurance in Translation (F2575) 113
5.10.3.1.3 Title VI DOT and FTA Language Requirements Under Circular 4702.1B 113
5.10.3.2 Europe 113
5.10.3.2.1 EU Directive 2010/64/EU on the Right to Interpretation and Translation in Criminal Proceedings 113
5.10.3.2.2 EN 15038:2006 – European Quality Standard for Translation Services 113
5.10.3.2.3 General Data Protection Regulation (GDPR) 113
5.10.3.3 Asia Pacific 114
5.10.3.3.1 Standardization of Translation Services (GB/T 19025-2015) – China 114
5.10.3.3.2 Copyright Law (Chapter VI: Translation Rights) – Japan 114
5.10.3.3.3 Certification for Legal Interpreters and Translators (Ministry of Law and Justice) – India 114
5.10.3.4 Middle East & Africa 114
5.10.3.4.1 Federal Law No. 2 of 2006 on Copyright and Related Rights – UAE 114
5.10.3.4.2 National Qualifications Framework (NQF) Levels for Translation – South Africa 114
5.10.3.4.3 Regulations for Government Translation Services (Ministry of Culture and Information) – Kingdom of Saudi Arabia 114
5.10.3.5 Latin America 115
5.10.3.5.1 LGPD – Lei Geral de Proteção de Dados, Law No. 13.709/2018 – Brazil 115
5.10.3.5.2 Law on Audiovisual Communication Services (Law No. 26.522) – Argentina 115
5.10.3.5.3 Regulations on the Rights of Indigenous Peoples and Communities (Constitutional Reform and General Law on Indigenous Rights and Communities) – Mexico 115
5.11 PATENT ANALYSIS 115
5.11.1 METHODOLOGY 115
5.11.2 PATENTS FILED, BY DOCUMENT TYPE 116
TABLE 15 PATENTS FILED, 2013–2023 116
5.11.3 INNOVATION AND PATENT APPLICATIONS 116
FIGURE 35 NUMBER OF PATENTS GRANTED IN LAST 10 YEARS, 2013–2023 116
5.11.3.1 Top 10 applicants in translation management systems market 117
FIGURE 36 TOP 10 APPLICANTS IN TRANSLATION MANAGEMENT SYSTEMS MARKET, 2013–2023 117
TABLE 16 TOP 20 PATENT OWNERS IN TRANSLATION MANAGEMENT SYSTEMS MARKET, 2013–2023 117
TABLE 17 LIST OF FEW PATENTS IN TRANSLATION MANAGEMENT SYSTEMS MARKET, 2022–2023 118
FIGURE 37 REGIONAL ANALYSIS OF PATENTS GRANTED, 2013–2023 120
5.12 PRICING ANALYSIS 121
5.12.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY SOFTWARE TYPE 122
FIGURE 38 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY SOFTWARE TYPE 122
TABLE 18 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY KEY SOFTWARE TYPE 122
5.12.2 INDICATIVE PRICING ANALYSIS, BY TRANSLATION MANAGEMENT SYSTEMS VENDOR 123
TABLE 19 INDICATIVE PRICING LEVELS OF TRANSLATION MANAGEMENT SYSTEMS VENDORS 123
5.13 TRADE ANALYSIS 124
5.13.1 EXPORT SCENARIO OF COMPUTER SOFTWARE 124
FIGURE 39 EXPORT OF COMPUTER SOFTWARE, BY KEY COUNTRY, 2015–2022 (USD BILLION) 126
5.13.2 IMPORT SCENARIO OF COMPUTER SOFTWARE 126
FIGURE 40 IMPORT OF COMPUTER SOFTWARE, BY KEY COUNTRY, 2015–2022 (USD BILLION) 127
5.14 KEY CONFERENCES & EVENTS, 2024–2025 128
TABLE 20 TRANSLATION MANAGEMENT SYSTEMS MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2024–2025 128
5.15 PORTER’S FIVE FORCES ANALYSIS 129
TABLE 21 PORTER’S FIVE FORCES’ IMPACT ON TRANSLATION MANAGEMENT SYSTEMS MARKET 129
FIGURE 41 PORTER’S FIVE FORCES ANALYSIS: TRANSLATION MANAGEMENT SYSTEMS MARKET 130
5.15.1 THREAT OF NEW ENTRANTS 130
5.15.2 THREAT OF SUBSTITUTES 130
5.15.3 BARGAINING POWER OF SUPPLIERS 131
5.15.4 BARGAINING POWER OF BUYERS 131
5.15.5 INTENSITY OF COMPETITIVE RIVALRY 131
5.16 TRANSLATION MANAGEMENT SYSTEMS MARKET: TECHNOLOGY ROADMAP 131
FIGURE 42 TECHNOLOGY ROADMAP FOR TRANSLATION MANAGEMENT SYSTEMS MARKET 131
5.17 TRANSLATION MANAGEMENT SYSTEMS: BUSINESS MODELS 133
FIGURE 43 TRANSLATION MANAGEMENT SYSTEMS: BUSINESS MODELS 133
5.17.1 SOFTWARE VENDOR MODEL 134
5.17.2 CONSULTING SERVICES MODEL 134
5.17.3 PLATFORM INTEGRATOR MODEL 134
5.18 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 135
5.18.1 REVENUE SHIFT & NEW REVENUE POCKETS FOR TRANSLATION MANAGEMENT SYSTEM PROVIDERS 135
FIGURE 44 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 135
5.19 KEY STAKEHOLDERS & BUYING CRITERIA 136
5.19.1 KEY STAKEHOLDERS IN BUYING PROCESS 136
FIGURE 45 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY VERTICALS 136
TABLE 22 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY VERTICALS 136
5.19.2 BUYING CRITERIA 136
FIGURE 46 KEY BUYING CRITERIA FOR TOP THREE VERTICALS 136
TABLE 23 KEY BUYING CRITERIA FOR TOP THREE VERTICALS 137
6 TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING 138
6.1 INTRODUCTION 139
6.1.1 OFFERING: TRANSLATION MANAGEMENT SYSTEMS MARKET DRIVERS 139
FIGURE 47 SOFTWARE SEGMENT TO REGISTER LARGER MARKET SHARE IN 2024 140
TABLE 24 TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2018–2023 (USD MILLION) 140
TABLE 25 TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2024–2030 (USD MILLION) 140
6.2 SOFTWARE 141
FIGURE 48 TERMINOLOGY MANAGEMENT SOFTWARE TO BE FASTEST-GROWING SOFTWARE SEGMENT BETWEEN 2024 AND 2030 142
TABLE 26 TRANSLATION MANAGEMENT SYSTEMS MARKET, BY SOFTWARE, 2018–2023 (USD MILLION) 142
TABLE 27 TRANSLATION MANAGEMENT SYSTEMS MARKET, BY SOFTWARE, 2024–2030 (USD MILLION) 143
6.2.1 TRANSLATION SOFTWARE 143
6.2.1.1 Integration of AI technologies to drive growth of translation software by enhancing translation accuracy and efficiency 143
TABLE 28 TRANSLATION SOFTWARE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 144
TABLE 29 TRANSLATION SOFTWARE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 144
6.2.1.2 Computer Assisted Translation 144
6.2.1.2.1 Translation Memory Management 145
6.2.1.2.2 Translation Alignment Tools 145
6.2.1.3 Machine Translation 145
6.2.1.3.1 Rule-based Machine Translation 146
6.2.1.3.2 Statistical Machine Translation 146
6.2.1.3.3 Neural Machine Translation 147
6.2.2 LOCALIZATION SOFTWARE 147
6.2.2.1 Surging demand for personalized and culturally resonant global digital experiences to propel growth of localization software 147
TABLE 30 LOCALIZATION SOFTWARE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 148
TABLE 31 LOCALIZATION SOFTWARE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 148
6.2.2.2 Content Management Systems (CMS) 148
6.2.2.2.1 Web CMS 149
6.2.2.2.2 Enterprise CMS 149
6.2.2.3 Globalization Management Systems (GMS) 149
6.2.2.3.1 Cultural Adaptation Tools 150
6.2.2.3.2 Locale-specific Content Management 150
6.2.3 TRANSLATION PROJECT MANAGEMENT SOFTWARE 151
6.2.3.1 Growing complexity of translation projects to fuel demand for efficient project management solutions 151
TABLE 32 TRANSLATION PROJECT MANAGEMENT SOFTWARE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 152
TABLE 33 TRANSLATION PROJECT MANAGEMENT SOFTWARE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 152
6.2.3.2 Project Planning Tools 152
6.2.3.2.1 Resource Allocation Software 153
6.2.3.2.2 Task Scheduling Tools 153
6.2.3.2.3 Team Communication Tools 154
6.2.3.3 Workflow Automation Tools 154
6.2.3.3.1 Task Automation 154
6.2.3.3.2 Notification Systems 155
6.2.4 TERMINOLOGY MANAGEMENT SOFTWARE 155
6.2.4.1 Increasing demand for consistent and accurate use of terminology in multilingual content creation to propel terminology management software 155
TABLE 34 TERMINOLOGY MANAGEMENT SOFTWARE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 156
TABLE 35 TERMINOLOGY MANAGEMENT SOFTWARE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 157
6.2.4.2 Terminology Databases 157
6.2.4.2.1 Multilingual Databases 157
6.2.4.2.2 Domain-specific Databases 158
6.2.4.3 Terminology Extraction Tools 158
6.2.4.3.1 Statistical Extraction 159
6.2.4.3.2 Machine Learning-based Extraction 159
6.2.5 QUALITY ASSURANCE (QA) SOFTWARE 160
6.2.5.1 Emphasis on delivering high-quality translations and meeting regulatory compliance standards to drive adoption of quality assurance software 160
TABLE 36 QUALITY ASSURANCE SOFTWARE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 160
TABLE 37 QUALITY ASSURANCE SOFTWARE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 161
6.2.5.2 Linguistic QA Tools 161
6.2.5.2.1 Spellcheckers 161
6.2.5.2.2 Grammar Checkers 162
6.2.5.3 QA Automation Tools 162
6.2.5.3.1 Test Scripting Tools 163
6.2.5.3.2 Regression Testing Tools 163
6.2.6 ANALYTICS AND REPORTING 164
6.2.6.1 Growing need for data-driven insights to optimize translation processes to expand market size of analytics and reporting solutions 164
TABLE 38 ANALYTICS AND REPORTING: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 164
TABLE 39 ANALYTICS AND REPORTING: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 165
6.2.6.2 Project Progress Reports 165
6.2.6.3 Predictive Analytics 165
6.2.7 OTHER SOFTWARE 166
TABLE 40 OTHER SOFTWARE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 166
TABLE 41 OTHER SOFTWARE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 167
6.3 SERVICES 167
FIGURE 49 MANAGED SERVICES TO REGISTER HIGHER GROWTH RATE IN TRANSLATION MANAGEMENT SYSTEMS MARKET BETWEEN 2024 AND 2030 168
TABLE 42 TRANSLATION MANAGEMENT SYSTEMS MARKET, BY SERVICE, 2018–2023 (USD MILLION) 168
TABLE 43 TRANSLATION MANAGEMENT SYSTEMS MARKET, BY SERVICE, 2024–2030 (USD MILLION) 168
6.3.1 PROFESSIONAL SERVICES 169
6.3.1.1 Rising adoption of TMS solutions across industries to accentuate demand for expert consultation, training, and implementation services 169
TABLE 44 TRANSLATION MANAGEMENT SYSTEMS MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION) 169
TABLE 45 TRANSLATION MANAGEMENT SYSTEMS MARKET, BY PROFESSIONAL SERVICE, 2024–2030 (USD MILLION) 170
6.3.1.2 Training & Consulting Services 170
TABLE 46 TRAINING & CONSULTING SERVICES: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 171
TABLE 47 TRAINING & CONSULTING SERVICES: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 171
6.3.1.3 System Integration & Deployment Services 171
TABLE 48 SYSTEM INTEGRATION & DEPLOYMENT SERVICES: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 172
TABLE 49 SYSTEM INTEGRATION & DEPLOYMENT SERVICES: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 172
6.3.1.4 Support & Maintenance Services 172
TABLE 50 SUPPORT & MAINTENANCE SERVICES: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 173
TABLE 51 SUPPORT & MAINTENANCE SERVICES: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 173
6.3.2 MANAGED SERVICES 174
6.3.2.1 Translation management systems to be outsourced to specialized providers, ensuring continuous system monitoring 174
TABLE 52 MANAGED SERVICES: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 174
TABLE 53 MANAGED SERVICES: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 175
7 TRANSLATION MANAGEMENT SYSTEMS MARKET, BY BUSINESS FUNCTION 176
7.1 INTRODUCTION 177
7.1.1 BUSINESS FUNCTION: TRANSLATION MANAGEMENT SYSTEMS MARKET DRIVERS 177
FIGURE 50 SALES & MARKETING SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 178
TABLE 54 TRANSLATION MANAGEMENT SYSTEMS MARKET, BY BUSINESS FUNCTION, 2018–2023 (USD MILLION) 178
TABLE 55 TRANSLATION MANAGEMENT SYSTEMS MARKET, BY BUSINESS FUNCTION, 2024–2030 (USD MILLION) 179
7.2 LEGAL 179
7.2.1 ADOPTION OF TMS IN LEGAL SECTOR TO ENSURE LINGUISTIC ACCURACY WITHIN COMPLEX LANDSCAPE OF LEGAL PROCESSES 179
TABLE 56 LEGAL: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 180
TABLE 57 LEGAL: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 180
7.2.2 LEGAL DOCUMENT TRANSLATION 180
7.2.3 COMPLIANCE AND REGULATORY TRANSLATION 181
7.2.4 COURT FILINGS TRANSLATION 181
7.2.5 INTELLECTUAL PROPERTY DOCUMENTATION 181
7.2.6 LITIGATION SUPPORT TRANSLATION 182
7.2.7 OTHERS 182
7.3 FINANCE & ACCOUNTING 183
7.3.1 FOSTERING FINANCIAL TRANSPARENCY, CONTROL, AND STRATEGIC DECISION-MAKING IN FINANCE & ACCOUNTING TO BE POSSIBLE WITH TMS 183
TABLE 58 FINANCE & ACCOUNTING: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 183
TABLE 59 FINANCE & ACCOUNTING: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 184
7.3.2 MULTILINGUAL FINANCIAL REPORTS 184
7.3.3 CROSS-BORDER INVOICING 184
7.3.4 TAX DOCUMENT TRANSLATION 185
7.3.5 AUDIT REPORT TRANSLATION 185
7.3.6 FINANCIAL COMPLIANCE DOCUMENTATION 186
7.3.7 OTHERS 186
7.4 SALES & MARKETING 187
7.4.1 TMS IN SALES & MARKETING TO CONTRIBUTE TO OVERALL EFFECTIVENESS OF CROSS-BORDER SALES EFFORTS, FOSTERING SUCCESSFUL BUSINESS TRANSACTIONS AND PARTNERSHIPS 187
TABLE 60 SALES & MARKETING: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 187
TABLE 61 SALES & MARKETING: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 188
7.4.2 MULTILINGUAL MARKETING CAMPAIGNS 188
7.4.3 MARKET ENTRY STRATEGY 188
7.4.4 PRODUCT PACKAGING TRANSLATION 189
7.4.5 ADVERTISING CONTENT LOCALIZATION 189
7.4.6 SOCIAL MEDIA CAMPAIGN TRANSLATION 190
7.4.7 OTHERS 190
7.5 HUMAN RESOURCES 191
7.5.1 TMS TO HELP BUSINESSES TO BUILD DIVERSE AND INCLUSIVE TEAMS, TAPPING INTO GLOBAL TALENT POOLS 191
TABLE 62 HUMAN RESOURCES: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 191
TABLE 63 HUMAN RESOURCES: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 192
7.5.2 MULTILINGUAL EMPLOYEE COMMUNICATIONS 192
7.5.3 GLOBAL WORKFORCE DEVELOPMENT 192
7.5.4 TRAINING PROGRAM LOCALIZATION 193
7.5.5 HR POLICY TRANSLATION 193
7.5.6 EMPLOYEE BENEFITS DOCUMENTATION 194
7.5.7 OTHERS 194
7.6 OTHER BUSINESS FUNCTIONS 195
TABLE 64 OTHER BUSINESS FUNCTIONS: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 195
TABLE 65 OTHER BUSINESS FUNCTIONS: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 196
8 TRANSLATION MANAGEMENT SYSTEMS MARKET, BY CONTENT TYPE 197
8.1 INTRODUCTION 198
8.1.1 CONTENT TYPE: TRANSLATION MANAGEMENT SYSTEMS MARKET DRIVERS 198
FIGURE 51 TEXT-BASED CONTENT SEGMENT TO REGISTER LARGEST MARKET SHARE IN 2024 199
TABLE 66 TRANSLATION MANAGEMENT SYSTEMS MARKET, BY CONTENT TYPE, 2018–2023 (USD MILLION) 199
TABLE 67 TRANSLATION MANAGEMENT SYSTEMS MARKET, BY CONTENT TYPE, 2024–2030 (USD MILLION) 199
8.2 AUDIO-BASED CONTENT 200
8.2.1 INCREASING DEMAND FOR DIVERSE AUDIO-BASED CONTENT, INCLUDING PODCASTS, VOICEOVERS, AND AUDIOBOOKS, TO PROPEL NEED FOR TMS SOLUTIONS 200
TABLE 68 AUDIO-BASED CONTENT: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 201
TABLE 69 AUDIO-BASED CONTENT: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 201
8.3 VIDEO-BASED CONTENT 201
8.3.1 PROLIFERATION OF MULTIMEDIA CONTENT IN MARKETING, EDUCATION, AND ENTERTAINMENT INDUSTRIES TO FUEL NEED FOR ADVANCED TMS TOOLS 201
TABLE 70 VIDEO-BASED CONTENT: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 202
TABLE 71 VIDEO-BASED CONTENT: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 202
8.4 TEXT-BASED CONTENT 203
8.4.1 SURGE IN DEMAND WITNESSED FOR ACCURATELY TRANSLATING DIVERSE TEXT-BASED CONTENT, INCLUDING WEBSITES, LEGAL DOCUMENTS, AND MARKETING MATERIALS 203
TABLE 72 TEST-BASED CONTENT: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 204
TABLE 73 TEXT-BASED CONTENT: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 204
9 TRANSLATION MANAGEMENT SYSTEMS MARKET, BY APPLICATION 205
9.1 INTRODUCTION 206
9.1.1 APPLICATION: TRANSLATION MANAGEMENT SYSTEMS MARKET DRIVERS 206
FIGURE 52 TRANSLATION SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 207
TABLE 74 TRANSLATION MANAGEMENT SYSTEMS MARKET, BY APPLICATION, 2018–2023 (USD MILLION) 207
TABLE 75 TRANSLATION MANAGEMENT SYSTEMS MARKET, BY APPLICATION, 2024–2030 (USD MILLION) 208
9.2 TRANSLATION 208
9.2.1 INTEGRATION OF MACHINE AND NEURAL MACHINE TRANSLATION WITHIN TMS ENHANCES EFFICIENCY AND CONTRIBUTE TO DEMOCRATIZATION OF TRANSLATION SERVICES 208
TABLE 76 TRANSLATION: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 209
TABLE 77 TRANSLATION: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 209
9.2.2 MACHINE TRANSLATION 209
9.2.3 NEURAL MACHINE TRANSLATION 210
9.3 TERMINOLOGY MANAGEMENT 210
9.3.1 TERMINOLOGY MANAGEMENT TO ENSURE CONSISTENCY AND ACCURACY IN TERMINOLOGY USED ACROSS LANGUAGES AND CONTENT TYPES 210
TABLE 78 TERMINOLOGY MANAGEMENT: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 211
TABLE 79 TERMINOLOGY MANAGEMENT: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 211
9.3.2 DYNAMIC TERMINOLOGY MANAGEMENT 211
9.3.3 INDUSTRY-SPECIFIC TERMINOLOGY 212
9.3.4 AUTOMATED TERMINOLOGY EXTRACTION 212
9.3.5 CROSS-LANGUAGE TERMINOLOGY INTEGRATION 213
9.4 QUALITY ASSURANCE 213
9.4.1 QUALITY ASSURANCE TO INCORPORATE INDUSTRY-SPECIFIC COMPLIANCE STANDARDS, ENSURING THAT TRANSLATED CONTENT ALIGNS WITH REGULATORY REQUIREMENTS 213
TABLE 80 QUALITY ASSURANCE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 214
TABLE 81 QUALITY ASSURANCE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 214
9.4.2 LINGUISTIC QUALITY ASSURANCE 214
9.4.3 AUTOMATED QUALITY ASSURANCE TOOLS 215
9.4.4 REAL-TIME CONSISTENCY CHECKS 215
9.4.5 MULTILINGUAL COMPLETENESS VERIFICATION 215
9.5 PROJECT MANAGEMENT 216
9.5.1 INTEGRATION OF PROJECT MANAGEMENT APPLICATIONS WITH TMS TO OFFER CENTRALIZED AND COLLABORATIVE ENVIRONMENT FOR PLANNING, ORGANIZING, AND TRACKING TRANSLATION PROJECTS 216
TABLE 82 PROJECT MANAGEMENT: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 217
TABLE 83 PROJECT MANAGEMENT: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 217
9.5.2 AGILE PROJECT MANAGEMENT 217
9.5.3 REAL-TIME COLLABORATION TOOLS 218
9.5.4 RESOURCE ALLOCATION AND TRACKING 218
9.5.5 AUTOMATED PROJECT SCHEDULING 218
9.6 RESOURCE MANAGEMENT 219
9.6.1 RESOURCE MANAGEMENT APPLICATION TO FACILITATE EFFECTIVE DEPLOYMENT OF TRANSLATION TECHNOLOGIES TO ENHANCE PRODUCTIVITY AND CONSISTENCY 219
TABLE 84 RESOURCE MANAGEMENT: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 219
TABLE 85 RESOURCE MANAGEMENT: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 220
9.6.2 TRANSLATION MEMORY MANAGEMENT 220
9.6.3 LINGUISTIC RESOURCE SHARING 220
9.6.4 INTEGRATION WITH EXTERNAL TRANSLATION RESOURCES 221
9.6.5 INTELLIGENT RESOURCE RECOMMENDATION 221
9.7 BILLING & INVOICING ANALYSIS 222
9.7.1 WITH SOPHISTICATED ALGORITHMS AND ANALYTICS, BILLING AND INVOICING ANALYSIS APPLICATION TO HELP ORGANIZATIONS GENERATE PRECISE INVOICES AND ACCOUNTING 222
TABLE 86 BILLING & INVOICING ANALYSIS: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 222
TABLE 87 BILLING & INVOICING ANALYSIS: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 223
9.7.2 COST ESTIMATION AND FORECASTING 223
9.7.3 BUDGET TRACKING AND ANALYSIS 223
9.7.4 AUTOMATED INVOICING SYSTEMS 224
9.7.5 REVENUE OPTIMIZATION ANALYTICS 224
9.8 OTHER APPLICATIONS 225
TABLE 88 OTHER APPLICATIONS: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 225
TABLE 89 OTHER APPLICATIONS: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 226
10 TRANSLATION MANAGEMENT SYSTEMS MARKET, BY VERTICAL 227
10.1 INTRODUCTION 228
10.1.1 VERTICAL: TRANSLATION MANAGEMENT SYSTEMS MARKET DRIVERS 228
FIGURE 53 RETAIL & E-COMMERCE VERTICAL TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 229
TABLE 90 TRANSLATION MANAGEMENT SYSTEMS MARKET, BY VERTICAL, 2018–2023 (USD MILLION) 230
TABLE 91 TRANSLATION MANAGEMENT SYSTEMS MARKET, BY VERTICAL, 2024–2030 (USD MILLION) 230
10.2 BFSI 231
10.2.1 TMS TO FACILITATE INTERNATIONAL EXPANSION OF BANKING SECTOR BY OVERCOMING LANGUAGE BARRIERS AND ENSURING HIGH-QUALITY FINANCIAL TRANSLATIONS 231
TABLE 92 BFSI: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 231
TABLE 93 BFSI: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 232
10.3 HEALTHCARE & LIFE SCIENCES 232
10.3.1 TRANSLATION MANAGEMENT SYSTEMS TO HANDLE UNIQUE COMPLEXITIES OF MEDICAL TERMINOLOGY, REGULATORY REQUIREMENTS, AND CULTURAL NUANCES 232
TABLE 94 HEALTHCARE & LIFE SCIENCES: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 233
TABLE 95 HEALTHCARE & LIFE SCIENCES: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 233
10.4 MANUFACTURING 233
10.4.1 MANUFACTURERS TO MITIGATE RISKS ASSOCIATED WITH INACCURATE TRANSLATIONS BY PRIORITIZING COMPLIANCE AND QUALITY ASSURANCE 233
TABLE 96 MANUFACTURING: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 234
TABLE 97 MANUFACTURING: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 234
10.5 RETAIL & E-COMMERCE 235
10.5.1 DIGITAL TECHNOLOGIES TO FACILITATE TRANSPARENCY AND TRACEABILITY, ALLOWING MANUFACTURERS TO MAKE INFORMED DECISIONS 235
TABLE 98 RETAIL & E-COMMERCE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 235
TABLE 99 RETAIL & E-COMMERCE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 236
10.6 MEDIA & ENTERTAINMENT 236
10.6.1 TRANSLATION MANAGEMENT SYSTEMS TO HELP EFFICIENTLY TRANSLATE AND LOCALIZE CONTENT FOR DIVERSE AUDIENCES WORLDWIDE 236
TABLE 100 MEDIA & ENTERTAINMENT: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 237
TABLE 101 MEDIA & ENTERTAINMENT: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 237
10.7 GOVERNMENT & PUBLIC SECTOR 237
10.7.1 TMS TO ENHANCE PRODUCTIVITY OF GOVERNMENT & PUBLIC SECTOR BY FACILITATING TRANSLATION AND LOCALIZATION OF LEGAL DOCUMENTS AND OFFICIAL CORRESPONDENCE 237
TABLE 102 GOVERNMENT & PUBLIC SECTOR: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 238
TABLE 103 GOVERNMENT & PUBLIC SECTOR: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 238
10.8 IT & ITES 239
10.8.1 TMS TO ENABLE EFFICIENT TRANSLATION AND LOCALIZATION OF SOFTWARE, WEBSITES, DOCUMENTATION, AND OTHER DIGITAL ASSETS 239
TABLE 104 IT & ITES: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 239
TABLE 105 IT & ITES: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 240
10.9 TRAVEL & HOSPITALITY 240
10.9.1 TMS TO STREAMLINE TRANSLATION PROCESS, ENABLING TRAVEL & HOSPITALITY COMPANIES TO PROVIDE MULTILINGUAL CONTENT TO CUSTOMERS 240
TABLE 106 TRAVEL & HOSPITALITY: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 241
TABLE 107 TRAVEL & HOSPITALITY: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 241
10.10 OTHER VERTICALS 241
TABLE 108 OTHER VERTICALS: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 242
TABLE 109 OTHER VERTICALS: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 242
11 TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION 243
11.1 INTRODUCTION 244
FIGURE 54 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 244
FIGURE 55 SINGAPORE TO REGISTER HIGHEST GROWTH RATE IN TRANSLATION MANAGEMENT SYSTEMS MARKET DURING FORECAST PERIOD 245
TABLE 110 TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2018–2023 (USD MILLION) 245
TABLE 111 TRANSLATION MANAGEMENT SYSTEMS MARKET, BY REGION, 2024–2030 (USD MILLION) 245
11.2 NORTH AMERICA 246
11.2.1 NORTH AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET DRIVERS 246
11.2.2 NORTH AMERICA: RECESSION IMPACT 247
TABLE 112 NORTH AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2018–2023 (USD MILLION) 247
TABLE 113 NORTH AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2024–2030 (USD MILLION) 247
TABLE 114 NORTH AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY SOFTWARE, 2018–2023 (USD MILLION) 248
TABLE 115 NORTH AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY SOFTWARE, 2024–2030 (USD MILLION) 248
TABLE 116 NORTH AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY SERVICE, 2018–2023 (USD MILLION) 249
TABLE 117 NORTH AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY SERVICE, 2024–2030 (USD MILLION) 249
TABLE 118 NORTH AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION) 249
TABLE 119 NORTH AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY PROFESSIONAL SERVICES, 2024–2030 (USD MILLION) 249
TABLE 120 NORTH AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY CONTENT TYPE, 2018–2023 (USD MILLION) 250
TABLE 121 NORTH AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY CONTENT TYPE, 2024–2030 (USD MILLION) 250
TABLE 122 NORTH AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY APPLICATION, 2018–2023 (USD MILLION) 250
TABLE 123 NORTH AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY APPLICATION, 2024–2030 (USD MILLION) 251
TABLE 124 NORTH AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY BUSINESS FUNCTION, 2018–2023 (USD MILLION) 251
TABLE 125 NORTH AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY BUSINESS FUNCTION, 2024–2030 (USD MILLION) 252
TABLE 126 NORTH AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY VERTICAL, 2018–2023 (USD MILLION) 252
TABLE 127 NORTH AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY VERTICAL, 2024–2030 (USD MILLION) 253
TABLE 128 NORTH AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2018–2023 (USD MILLION) 253
TABLE 129 NORTH AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2024–2030 (USD MILLION) 253
11.2.3 US 254
11.2.3.1 Proliferation of digital content and growing need to reach diverse audiences to drive market 254
TABLE 130 US: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2018–2023 (USD MILLION) 254
TABLE 131 US: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2024–2030 (USD MILLION) 254
11.2.4 CANADA 255
11.2.4.1 Diverse, multicultural society and substantial immigrant community boost adoption of TMS platforms 255
TABLE 132 CANADA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2018–2023 (USD MILLION) 255
TABLE 133 CANADA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2024–2030 (USD MILLION) 256
11.3 EUROPE 256
11.3.1 EUROPE: TRANSLATION MANAGEMENT SYSTEMS MARKET DRIVERS 257
11.3.2 EUROPE: RECESSION IMPACT 257
FIGURE 56 EUROPE: TRANSLATION MANAGEMENT SYSTEMS MARKET SNAPSHOT 258
TABLE 134 EUROPE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2018–2023 (USD MILLION) 258
TABLE 135 EUROPE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2024–2030 (USD MILLION) 259
TABLE 136 EUROPE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY SOFTWARE, 2018–2023 (USD MILLION) 259
TABLE 137 EUROPE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY SOFTWARE, 2024–2030 (USD MILLION) 259
TABLE 138 EUROPE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY SERVICE, 2018–2023 (USD MILLION) 260
TABLE 139 EUROPE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY SERVICE, 2024–2030 (USD MILLION) 260
TABLE 140 EUROPE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION) 260
TABLE 141 EUROPE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY PROFESSIONAL SERVICE, 2024–2030 (USD MILLION) 260
TABLE 142 EUROPE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY CONTENT TYPE, 2018–2023 (USD MILLION) 261
TABLE 143 EUROPE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY CONTENT TYPE, 2024–2030 (USD MILLION) 261
TABLE 144 EUROPE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY APPLICATION, 2018–2023 (USD MILLION) 261
TABLE 145 EUROPE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY APPLICATION, 2024–2030 (USD MILLION) 262
TABLE 146 EUROPE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY BUSINESS FUNCTION, 2018–2023 (USD MILLION) 262
TABLE 147 EUROPE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY BUSINESS FUNCTION, 2024–2030 (USD MILLION) 263
TABLE 148 EUROPE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY VERTICAL, 2018–2023 (USD MILLION) 263
TABLE 149 EUROPE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY VERTICAL, 2024–2030 (USD MILLION) 264
TABLE 150 EUROPE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2018–2023 (USD MILLION) 264
TABLE 151 EUROPE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2024–2030 (USD MILLION) 265
11.3.3 UK 265
11.3.3.1 Expanding international trade and collaboration – key growth drivers for market 265
TABLE 152 UK: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2018–2023 (USD MILLION) 266
TABLE 153 UK: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2024–2030 (USD MILLION) 266
11.3.4 GERMANY 266
11.3.4.1 TMS solutions facilitate global trade through precise and culturally relevant translations across industries 266
TABLE 154 GERMANY: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2018–2023 (USD MILLION) 267
TABLE 155 GERMANY: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2024–2030 (USD MILLION) 267
11.3.5 FRANCE 268
11.3.5.1 Market driven by accurate translation and promotion of French identity across luxury, fashion, and arts sectors 268
TABLE 156 FRANCE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2018–2023 (USD MILLION) 268
TABLE 157 FRANCE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2024–2030 (USD MILLION) 269
11.3.6 ITALY 269
11.3.6.1 Status as cultural hub and a global destination for luxury and fashion fuels market growth in hospitality sector 269
TABLE 158 ITALY: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2018–2023 (USD MILLION) 270
TABLE 159 ITALY: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2024–2030 (USD MILLION) 270
11.3.7 SPAIN 270
11.3.7.1 Leadership in renewable energy sector, which requires global collaboration, propels demand for TMS 270
TABLE 160 SPAIN: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2018–2023 (USD MILLION) 271
TABLE 161 SPAIN: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2024–2030 (USD MILLION) 271
11.3.8 REST OF EUROPE 271
TABLE 162 REST OF EUROPE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2018–2023 (USD MILLION) 272
TABLE 163 REST OF EUROPE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2024–2030 (USD MILLION) 272
11.4 ASIA PACIFIC 272
11.4.1 ASIA PACIFIC: TRANSLATION MANAGEMENT SYSTEMS MARKET DRIVERS 273
11.4.2 ASIA PACIFIC: RECESSION IMPACT 273
FIGURE 57 ASIA PACIFIC: TRANSLATION MANAGEMENT SYSTEMS MARKET SNAPSHOT 274
TABLE 164 ASIA PACIFIC: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2018–2023 (USD MILLION) 274
TABLE 165 ASIA PACIFIC: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2024–2030 (USD MILLION) 275
TABLE 166 ASIA PACIFIC: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY SOFTWARE, 2018–2023 (USD MILLION) 275
TABLE 167 ASIA PACIFIC: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY SOFTWARE, 2024–2030 (USD MILLION) 275
TABLE 168 ASIA PACIFIC: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY SERVICE, 2018–2023 (USD MILLION) 276
TABLE 169 ASIA PACIFIC: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY SERVICE, 2024–2030 (USD MILLION) 276
TABLE 170 ASIA PACIFIC: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION) 276
TABLE 171 ASIA PACIFIC: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY PROFESSIONAL SERVICE, 2024–2030 (USD MILLION) 276
TABLE 172 ASIA PACIFIC: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY CONTENT TYPE, 2018–2023 (USD MILLION) 277
TABLE 173 ASIA PACIFIC: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY CONTENT TYPE, 2024–2030 (USD MILLION) 277
TABLE 174 ASIA PACIFIC: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY APPLICATION, 2018–2023 (USD MILLION) 277
TABLE 175 ASIA PACIFIC: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY APPLICATION, 2024–2030 (USD MILLION) 278
TABLE 176 ASIA PACIFIC: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY BUSINESS FUNCTION, 2018–2023 (USD MILLION) 278
TABLE 177 ASIA PACIFIC: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY BUSINESS FUNCTION, 2024–2030 (USD MILLION) 279
TABLE 178 ASIA PACIFIC: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY VERTICAL, 2018–2023 (USD MILLION) 279
TABLE 179 ASIA PACIFIC: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY VERTICAL, 2024–2030 (USD MILLION) 280
TABLE 180 ASIA PACIFIC: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2018–2023 (USD MILLION) 280
TABLE 181 ASIA PACIFIC: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2024–2030 (USD MILLION) 281
11.4.3 CHINA 281
11.4.3.1 Rapid globalization and numerous minority languages fuel adoption of translation management systems 281
TABLE 182 CHINA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2018–2023 (USD MILLION) 282
TABLE 183 CHINA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2024–2030 (USD MILLION) 282
11.4.4 INDIA 282
11.4.4.1 22 officially recognized languages make India key for TMS industry 282
TABLE 184 INDIA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2018–2023 (USD MILLION) 283
TABLE 185 INDIA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2024–2030 (USD MILLION) 283
11.4.5 JAPAN 283
11.4.5.1 Highly developed technology sector and emphasis on precision to help growth of market 283
TABLE 186 JAPAN: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2018–2023 (USD MILLION) 284
TABLE 187 JAPAN: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2024–2030 (USD MILLION) 284
11.4.6 SOUTH KOREA 284
11.4.6.1 Vibrant entertainment industry and highly developed technological landscape – key to market growth 284
TABLE 188 SOUTH KOREA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2018–2023 (USD MILLION) 285
TABLE 189 SOUTH KOREA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2024–2030 (USD MILLION) 285
11.4.7 SINGAPORE 285
11.4.7.1 Highly developed infrastructure and multilingual workforce – gateway for business expansion 285
TABLE 190 SINGAPORE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2018–2023 (USD MILLION) 286
TABLE 191 SINGAPORE: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2024–2030 (USD MILLION) 286
11.4.8 AUSTRALIA & NEW ZEALAND 286
11.4.8.1 Increasing demand for cross-border communication drives need for TMS solutions 286
TABLE 192 AUSTRALIA & NEW ZEALAND: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2018–2023 (USD MILLION) 287
TABLE 193 AUSTRALIA & NEW ZEALAND: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2024–2030 (USD MILLION) 287
11.4.9 REST OF ASIA PACIFIC 287
TABLE 194 REST OF ASIA PACIFIC: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2018–2023 (USD MILLION) 288
TABLE 195 REST OF ASIA PACIFIC: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2024–2030 (USD MILLION) 288
11.5 MIDDLE EAST & AFRICA 289
11.5.1 MIDDLE EAST & AFRICA: TRANSLATION MANAGEMENT SYSTEMS MARKET DRIVERS 289
11.5.2 MIDDLE EAST & AFRICA: RECESSION IMPACT 290
TABLE 196 MIDDLE EAST & AFRICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2018–2023 (USD MILLION) 290
TABLE 197 MIDDLE EAST & AFRICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2024–2030 (USD MILLION) 291
TABLE 198 MIDDLE EAST & AFRICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY SOFTWARE, 2018–2023 (USD MILLION) 291
TABLE 199 MIDDLE EAST & AFRICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY SOFTWARE, 2024–2030 (USD MILLION) 291
TABLE 200 MIDDLE EAST & AFRICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY SERVICE, 2018–2023 (USD MILLION) 292
TABLE 201 MIDDLE EAST & AFRICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY SERVICE, 2024–2030 (USD MILLION) 292
TABLE 202 MIDDLE EAST & AFRICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION) 292
TABLE 203 MIDDLE EAST & AFRICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY PROFESSIONAL SERVICE, 2024–2030 (USD MILLION) 292
TABLE 204 MIDDLE EAST & AFRICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY CONTENT TYPE, 2018–2023 (USD MILLION) 293
TABLE 205 MIDDLE EAST & AFRICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY CONTENT TYPE, 2024–2030 (USD MILLION) 293
TABLE 206 MIDDLE EAST & AFRICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY APPLICATION, 2018–2023 (USD MILLION) 293
TABLE 207 MIDDLE EAST & AFRICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY APPLICATION, 2024–2030 (USD MILLION) 294
TABLE 208 MIDDLE EAST & AFRICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY BUSINESS FUNCTION, 2018–2023 (USD MILLION) 294
TABLE 209 MIDDLE EAST & AFRICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY BUSINESS FUNCTION, 2024–2030 (USD MILLION) 295
TABLE 210 MIDDLE EAST & AFRICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY VERTICAL, 2018–2023 (USD MILLION) 295
TABLE 211 MIDDLE EAST & AFRICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY VERTICAL, 2024–2030 (USD MILLION) 296
TABLE 212 MIDDLE EAST & AFRICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2018–2023 (USD MILLION) 296
TABLE 213 MIDDLE EAST & AFRICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2024–2030 (USD MILLION) 297
11.5.3 GCC 297
11.5.3.1 Rapid technological advancements and digital transformation initiatives drive adoption 297
TABLE 214 GCC: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2018–2023 (USD MILLION) 298
TABLE 215 GCC: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2024–2030 (USD MILLION) 298
11.5.4 EGYPT 298
11.5.4.1 Rapid market growth due to advancements in IT infrastructure and digitalization efforts 298
TABLE 216 EGYPT: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2018–2023 (USD MILLION) 299
TABLE 217 EGYPT: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2024–2030 (USD MILLION) 299
11.5.5 SOUTH AFRICA 299
11.5.5.1 Strategic geographical location and status as regional economic hub enhance potential as lucrative market 299
TABLE 218 SOUTH AFRICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2018–2023 (USD MILLION) 300
TABLE 219 SOUTH AFRICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2024–2030 (USD MILLION) 300
11.5.6 TURKEY 300
11.5.6.1 Economic development to lead to greater demand for translation and localization services 300
TABLE 220 TURKEY: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2018–2023 (USD MILLION) 301
TABLE 221 TURKEY: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2024–2030 (USD MILLION) 301
11.5.7 REST OF MIDDLE EAST & AFRICA 301
TABLE 222 REST OF MIDDLE EAST & AFRICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2018–2023 (USD MILLION) 302
TABLE 223 REST OF MIDDLE EAST & AFRICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2024–2030 (USD MILLION) 302
11.6 LATIN AMERICA 302
11.6.1 LATIN AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET DRIVERS 303
11.6.2 LATIN AMERICA: RECESSION IMPACT 303
TABLE 224 LATIN AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2018–2023 (USD MILLION) 304
TABLE 225 LATIN AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2024–2030 (USD MILLION) 304
TABLE 226 LATIN AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY SOFTWARE, 2018–2023 (USD MILLION) 304
TABLE 227 LATIN AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY SOFTWARE, 2024–2030 (USD MILLION) 305
TABLE 228 LATIN AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY SERVICE, 2018–2023 (USD MILLION) 305
TABLE 229 LATIN AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY SERVICE, 2024–2030 (USD MILLION) 305
TABLE 230 LATIN AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY PROFESSIONAL SERVICE, 2018–2023 (USD MILLION) 306
TABLE 231 LATIN AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY PROFESSIONAL SERVICE, 2024–2030 (USD MILLION) 306
TABLE 232 LATIN AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY CONTENT TYPE, 2018–2023 (USD MILLION) 306
TABLE 233 LATIN AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY CONTENT TYPE, 2024–2030 (USD MILLION) 307
TABLE 234 LATIN AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY APPLICATION, 2018–2023 (USD MILLION) 307
TABLE 235 LATIN AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY APPLICATION, 2024–2030 (USD MILLION) 307
TABLE 236 LATIN AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY BUSINESS FUNCTION, 2018–2023 (USD MILLION) 308
TABLE 237 LATIN AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY BUSINESS FUNCTION, 2024–2030 (USD MILLION) 308
TABLE 238 LATIN AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY VERTICAL, 2018–2023 (USD MILLION) 309
TABLE 239 LATIN AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY VERTICAL, 2024–2030 (USD MILLION) 309
TABLE 240 LATIN AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2018–2023 (USD MILLION) 310
TABLE 241 LATIN AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2024–2030 (USD MILLION) 310
11.6.3 BRAZIL 310
11.6.3.1 Robust economy and e-commerce growth amplify necessity for translation and localization services 310
TABLE 242 BRAZIL: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2018–2023 (USD MILLION) 311
TABLE 243 BRAZIL: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2024–2030 (USD MILLION) 311
11.6.4 MEXICO 311
11.6.4.1 Government initiatives and growing emphasis on internationalization to increase demand for TMS solutions 311
TABLE 244 MEXICO: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2018–2023 (USD MILLION) 312
TABLE 245 MEXICO: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2024–2030 (USD MILLION) 312
11.6.5 ARGENTINA 312
11.6.5.1 Need for efficient language solutions to facilitate linguistic diversity to boost market growth 312
TABLE 246 ARGENTINA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2018–2023 (USD MILLION) 313
TABLE 247 ARGENTINA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2024–2030 (USD MILLION) 313
11.6.6 REST OF LATIN AMERICA 313
TABLE 248 REST OF LATIN AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2018–2023 (USD MILLION) 314
TABLE 249 REST OF LATIN AMERICA: TRANSLATION MANAGEMENT SYSTEMS MARKET, BY OFFERING, 2024–2030 (USD MILLION) 314
12 COMPETITIVE LANDSCAPE 315
12.1 OVERVIEW 315
12.2 KEY PLAYER STRATEGIES 315
TABLE 250 OVERVIEW OF STRATEGIES ADOPTED BY KEY TRANSLATION MANAGEMENT SYSTEM VENDORS 315
12.3 REVENUE ANALYSIS 317
FIGURE 58 TOP 5 PLAYERS DOMINATED MARKET FOR LAST 5 YEARS 317
12.4 MARKET SHARE ANALYSIS 318
FIGURE 59 SHARE OF LEADING COMPANIES IN TRANSLATION MANAGEMENT SYSTEMS MARKET, 2023 318
12.4.1 MARKET RANKING ANALYSIS 319
TABLE 251 TRANSLATION MANAGEMENT SYSTEMS MARKET: DEGREE OF COMPETITION 319
12.5 BRAND/PRODUCT COMPARATIVE ANALYSIS 322
12.5.1 BRAND/PRODUCT COMPARATIVE ANALYSIS, BY TRANSLATION SOFTWARE 322
FIGURE 60 BRAND/PRODUCT COMPARATIVE ANALYSIS, BY TRANSLATION SOFTWARE 322
12.5.1.1 memoQ 322
12.5.1.2 Smartling 322
12.5.1.3 Lokalise 322
12.5.1.4 Smartcat 323
12.5.2 BRAND/PRODUCT COMPARATIVE ANALYSIS, BY TERMINOLOGY MANAGEMENT SOFTWARE 323
FIGURE 61 BRAND/PRODUCT COMPARATIVE ANALYSIS, BY TERMINOLOGY MANAGEMENT SOFTWARE 323
12.5.2.1 Weglot 323
12.5.2.2 RWS 323
12.5.2.3 Transifex 324
12.5.2.4 Wordbee 324
12.5.3 BRAND/PRODUCT COMPARATIVE ANALYSIS, BY TRANSLATION QUALITY ASSURANCE SOFTWARE 324
FIGURE 62 BRAND/PRODUCT COMPARATIVE ANALYSIS, BY TRANSLATION QUALITY ASSURANCE SOFTWARE 324
12.5.3.1 Localize 325
12.5.3.2 TransPerfect 325
12.5.3.3 Crowdin 325
12.5.3.4 Welocalize 325
12.6 COMPANY VALUATION AND FINANCIAL METRICS OF KEY VENDORS 325
FIGURE 63 COMPANY VALUATION AND FINANCIAL METRICS OF KEY VENDORS 325
FIGURE 64 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY VENDORS 326
12.7 COMPANY EVALUATION MATRIX, 2023 326
12.7.1 STARS 326
12.7.2 EMERGING LEADERS 326
12.7.3 PERVASIVE PLAYERS 327
12.7.4 PARTICIPANTS 327
FIGURE 65 TRANSLATION MANAGEMENT SYSTEMS MARKET: COMPANY EVALUATION MATRIX, 2023 327
12.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 328
12.7.5.1 Company Footprint 328
FIGURE 66 COMPANY FOOTPRINT (18 COMPANIES) 328
12.7.5.2 Region Footprint 329
TABLE 252 REGION FOOTPRINT (18 COMPANIES) 329
12.7.5.3 Offering Footprint 329
TABLE 253 OFFERING FOOTPRINT (18 COMPANIES) 329
12.7.5.4 Vertical Footprint 330
TABLE 254 VERTICAL FOOTPRINT (18 COMPANIES) 330
12.7.5.5 Business Function Footprint 331
TABLE 255 BUSINESS FUNCTION FOOTPRINT (18 COMPANIES) 331
12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 332
12.8.1 PROGRESSIVE COMPANIES 332
12.8.2 RESPONSIVE COMPANIES 332
12.8.3 DYNAMIC COMPANIES 332
12.8.4 STARTING BLOCKS 332
FIGURE 67 TRANSLATION MANAGEMENT SYSTEMS MARKET: STARTUP/SME EVALUATION MATRIX, 2023 333
12.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 333
12.8.5.1 Detailed List of Key Startups/SMEs 333
TABLE 256 TRANSLATION MANAGEMENT SYSTEMS MARKET: DETAILED LIST OF KEY STARTUPS/SMES 333
12.8.5.2 Competitive Benchmarking Of Key Startups/SMEs 335
TABLE 257 TRANSLATION MANAGEMENT SYSTEMS MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES 335
12.9 COMPETITIVE SCENARIO AND TRENDS 336
12.9.1 PRODUCT LAUNCHES AND ENHANCEMENTS 336
TABLE 258 TRANSLATION MANAGEMENT SYSTEMS MARKET: PRODUCT LAUNCHES AND ENHANCEMENTS, JANUARY 2021–JANUARY 2024 336
12.9.2 DEALS 337
TABLE 259 TRANSLATION MANAGEMENT SYSTEMS MARKET: DEALS, JANUARY 2021–JANUARY 2024 337
13 COMPANY PROFILES 342
13.1 INTRODUCTION 342
13.2 KEY PLAYERS 342
(Business overview, Products /Solutions/Services offered, Recent developments, MnM view, Key strengths, Strategic choices made, and Weaknesses and Competitive threats)*
13.2.1 TRANSPERFECT 342
TABLE 260 TRANSPERFECT: BUSINESS OVERVIEW 342
TABLE 261 TRANSPERFECT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 343
TABLE 262 TRANSPERFECT: PRODUCT LAUNCHES AND ENHANCEMENTS 344
TABLE 263 TRANSPERFECT: DEALS 344
13.2.2 RWS GROUP 346
TABLE 264 RWS GROUP: BUSINESS OVERVIEW 346
FIGURE 68 RWS GROUP: COMPANY SNAPSHOT 347
TABLE 265 RWS GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 347
TABLE 266 RWS GROUP: PRODUCT LAUNCHES AND ENHANCEMENTS 348
TABLE 267 RWS GROUP: DEALS 349
13.2.3 LANGUAGELINE SOLUTIONS 351
TABLE 268 LANGUAGELINE SOLUTIONS: BUSINESS OVERVIEW 351
TABLE 269 LANGUAGELINE SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 351
TABLE 270 LANGUAGELINE SOLUTIONS: DEALS 352
13.2.4 LIONBRIDGE 354
TABLE 271 LIONBRIDGE: BUSINESS OVERVIEW 354
TABLE 272 LIONBRIDGE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 354
TABLE 273 LIONBRIDGE: DEALS 355
13.2.5 ACOLAD GROUP 357
TABLE 274 ACOLAD GROUP: BUSINESS OVERVIEW 357
TABLE 275 ACOLAD GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 357
TABLE 276 ACOLAD GROUP: PRODUCT LAUNCHES AND ENHANCEMENTS 358
TABLE 277 ACOLAD GROUP: DEALS 358
13.2.6 WELOCALIZE 360
TABLE 278 WELOCALIZE: BUSINESS OVERVIEW 360
TABLE 279 WELOCALIZE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 361
TABLE 280 WELOCALIZE: PRODUCT LAUNCHES AND ENHANCEMENTS 362
TABLE 281 WELOCALIZE: DEALS 362
13.2.7 MICROSOFT 363
TABLE 282 MICROSOFT: BUSINESS OVERVIEW 363
FIGURE 69 MICROSOFT: COMPANY SNAPSHOT 364
TABLE 283 MICROSOFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 364
TABLE 284 MICROSOFT: PRODUCT LAUNCHES AND ENHANCEMENTS 365
TABLE 285 MICROSOFT: DEALS 365
13.2.8 GOOGLE 366
TABLE 286 GOOGLE: BUSINESS OVERVIEW 366
FIGURE 70 GOOGLE: COMPANY SNAPSHOT 367
TABLE 287 GOOGLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 367
TABLE 288 GOOGLE: PRODUCT LAUNCHES AND ENHANCEMENTS 368
TABLE 289 GOOGLE: DEALS 368
13.2.9 SAP 369
TABLE 290 SAP: BUSINESS OVERVIEW 369
FIGURE 71 SAP: COMPANY SNAPSHOT 370
TABLE 291 SAP: SOLUTIONS/SERVICES/PRODUCTS OFFERED 370
TABLE 292 SAP: DEALS 371
13.2.10 ORACLE 372
TABLE 293 ORACLE: BUSINESS OVERVIEW 372
FIGURE 72 ORACLE: COMPANY SNAPSHOT 373
TABLE 294 ORACLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 373
TABLE 295 ORACLE: PRODUCT LAUNCHES AND ENHANCEMENTS 374
TABLE 296 ORACLE: DEALS 374
13.2.11 AWS 375
TABLE 297 AWS: BUSINESS OVERVIEW 375
FIGURE 73 AWS: COMPANY SNAPSHOT 376
TABLE 298 AWS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 376
TABLE 299 AWS: PRODUCT LAUNCHES AND ENHANCEMENTS 376
TABLE 300 AWS: DEALS 376
13.2.12 TRANSLATE PLUS 377
13.2.13 SMARTLING 378
13.2.14 XTM INTERNATIONAL 379
13.2.15 STAR GROUP 380
13.2.16 MEMOQ 381
13.2.17 TRANSIFEX 382
13.2.18 CENTIFIC 383
13.3 STARTUP/SME PROFILES 384
13.3.1 ACROSS SYSTEMS 384
13.3.2 PHRASE 385
13.3.3 TOPPAN DIGITAL LANGUAGE 386
13.3.4 WORDBEE 387
13.3.5 BABYLON SOFTWARE 388
13.3.6 CROWDIN 389
13.3.7 DEEPL 390
13.3.8 UNITED LANGUAGE GROUP 391
13.3.9 CQ FLUENCY 392
13.3.10 LOKALISE 393
13.3.11 WEGLOT 394
13.3.12 SMARTCAT 395
13.3.13 UNBABEL 396
13.3.14 LOCALIZE 397
13.3.15 WORDFAST 398
*Details on Business overview, Products /Solutions/Services offered, Recent developments, Product launches, MnM view, Key strengths, Strategic choices made, and Weaknesses and Competitive threats might not be captured in case of unlisted companies.
14 ADJACENT AND RELATED MARKETS 399
14.1 INTRODUCTION 399
14.2 SPEECH ANALYTICS MARKET – GLOBAL FORECAST TO 2027 399
14.2.1 MARKET DEFINITION 399
14.2.2 MARKET OVERVIEW 399
14.2.2.1 Speech analytics market, by component 399
TABLE 301 SPEECH ANALYTICS MARKET, BY COMPONENT, 2017–2021 (USD MILLION) 400
TABLE 302 SPEECH ANALYTICS MARKET, BY COMPONENT, 2022–2027 (USD MILLION) 400
14.2.2.2 Speech analytics market, by business function 400
TABLE 303 SPEECH ANALYTICS MARKET, BY BUSINESS FUNCTION, 2017–2021 (USD MILLION) 401
TABLE 304 SPEECH ANALYTICS MARKET, BY BUSINESS FUNCTION, 2022–2027 (USD MILLION) 401
14.2.2.3 Speech analytics market, by organization size 401
TABLE 305 SPEECH ANALYTICS MARKET, BY ORGANIZATION SIZE, 2017–2021 (USD MILLION) 401
TABLE 306 SPEECH ANALYTICS MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION) 402
14.2.2.4 Speech analytics market, by deployment mode 402
TABLE 307 SPEECH ANALYTICS MARKET, BY DEPLOYMENT MODE, 2017–2021 (USD MILLION) 402
TABLE 308 SPEECH ANALYTICS MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION) 402
14.2.2.5 Speech analytics market, by region 402
TABLE 309 SPEECH ANALYTICS MARKET, BY REGION, 2017–2021 (USD MILLION) 403
TABLE 310 SPEECH ANALYTICS MARKET, BY REGION, 2022–2027 (USD MILLION) 403
14.3 SPEECH-TO-TEXT API MARKET – GLOBAL FORECAST TO 2026 403
14.3.1 MARKET DEFINITION 403
14.3.2 MARKET OVERVIEW 403
14.3.2.1 Speech-to-text API market, by component 404
TABLE 311 SPEECH-TO-TEXT API MARKET, BY COMPONENT, 2017–2020 (USD MILLION) 404
TABLE 312 SPEECH-TO-TEXT API MARKET, BY COMPONENT, 2021–2026 (USD MILLION) 404
14.3.2.2 Speech-to-text API market, by deployment mode 404
TABLE 313 SPEECH-TO-TEXT API MARKET, BY DEPLOYMENT MODE, 2017–2020 (USD MILLION) 405
TABLE 314 SPEECH-TO-TEXT API MARKET, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION) 405
14.3.2.3 Speech-to-text API market, by organization size 405
TABLE 315 SPEECH-TO-TEXT API MARKET, BY ORGANIZATION SIZE, 2017–2020 (USD MILLION) 405
TABLE 316 SPEECH-TO-TEXT API MARKET, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION) 406
14.3.2.4 Speech-to-text API market, by region 406
TABLE 317 SPEECH-TO-TEXT API MARKET, BY REGION, 2017–2020 (USD MILLION) 406
TABLE 318 SPEECH-TO-TEXT API MARKET, BY REGION, 2021–2026 (USD MILLION) 406
15 APPENDIX 407
15.1 DISCUSSION GUIDE 407
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 414
15.3 CUSTOMIZATION OPTIONS 416
15.4 RELATED REPORTS 416
15.5 AUTHOR DETAILS 417
