Language translation software and services include rules-based machine translation, statistical-based machine translation, and hybrid machine translation. Features of hybrid machine translation include key attributes of rule-based machine translation and statistical-based machine translation to achieve higher accuracy.
Market Analysis and Insights: Global Language Translation Software & Services Market
The global Language Translation Software & Services market size is projected to reach US$ 86130 million by 2028, from US$ 62420 million in 2021, at a CAGR of 4.6% during 2022-2028.
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Global Language Translation Software & Services Scope and Market Size
Language Translation Software & Services market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Language Translation Software & Services market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Rules-based Machine Translation
Statistical-based Machine Translation
Hybrid Machine Translation
Segment by Application
Commercial
Educational
Financial
Military
Other
By Company
IBM
Microsoft
Google
Global Linguist Solutions
Systran
Lionbridge Technologies
Cloudwords
Babylon Software
Thebigword
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA