The Evolution of the Global Translation Software Market

A study by WinterGreen Research, titled ‘Language Translation Software: Market Shares, Strategies, and Forecasts, Worldwide, 2014 to 2020’ which closely analyzed the new market was just published.

The market share of machine translation is poised to go from US$4 billion in 2013 to US$10.6 billion by the end of 2020, according to the report.

Thanks to the globalization trend worldwide, enterprises across the world have realized the importance of localizing their products or services, which is driving the growth of the language translation software market. Their globalization ambitions can be effectively achieved by the use of Language Translation Services, as a business can communicate with customers through language. As the arrival of the mobile business, the appeal of global presence is compelling businesses to make their website mobile-friendly.

The contradiction of the requirement of Fast Translation Services and accuracy has been long. The growth of the global market for language translation software is hindered by the requirements such as human assessment, validation and accuracy. As a number of international companies of this industry have been working hard to give better solutions, the accuracy of hybrid systems has gained an edge over earlier systems.

More and more companies have spotted this profitable opportunity and we can expect a highly competitive marketplace in the near future.

Mars Translation is becoming one of the leading providers of Language Translation Services, Interpretation Services, multimedia, localization, and desktop publishing services. Our one-stop globalization solutions enable companies to speak the language of their clients and enter global markets with high quality localized products and services. Check out what we can do for you…

Related Blogs

Dialects of the Hindi Language - A Comprehensive Guide

Language variations are quite noticeable every few miles, reflecting the unique identity of each region. Talking about India, the country

What is Woke Culture?

The term ‘woke’ has come from the black culture and now it has been removed from its origin after it

Certified French Translation Services

Mars Translation provides high quality and professional Certified French Translation Services all over the world. We have a team of

Chinese Document Translation Services

Mars Translation provides one of a kind professional Chinese Document translation services all over the world. All of MT’s translators

Chinese Legal Translation Services

MarsTranslation provides one of a kind Chinese Legal Translation Services. We have a team of native Chinese linguist who specialize

Chinese Certified Translation Services

Chinese Certified Translation services is one of the most asked for service at MarsTranslation. We believe in providing quality services

Chinese to English Translation Services

Mars Translation is one of the fastest growing companies in the translation industry. This is the reason why we pay

Chinese Website Translation Services

MarsTranslation has a huge team of website translation specialists in more than 230 languages. Our translators are constantly supported by

Certified Spanish Translation Services

Mars Translation provides high quality and professional Certified Spanish Translation Services all over the world. We have a team of

The Evolution of the Global Translation Software Market

Related Blogs

What We Do

Resources

Mars Translation Blog

FREE TOOLS

Support