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Language Translation Software: Market Shares, Strategies, and Forecasts, Worldwide, 2014 to 2020 - New Market Research Report

Recently published research from Wintergreen Research, "Language Translation Software: Market Shares, Strategies, and Forecasts, Worldwide, 2014 to 2020", is now available at Fast Market Research

 

Boston, MA -- (SBWIRE) -- 12/03/2014 -- Worldwide markets are poised to achieve continuing growth as the language translation software systems are put in place to support mobile end point information collections that are localized.

Enterprise server has reached a long sought after milestone. With language translation software technology reaching a more mature state, comprehensive solutions are available that have never been available before. Comprehensive solutions combine the best attributes of rule-based and statistical machine translation. These integrated systems are able to meet the full range of translation needs on an enterprise scale.

Systems are powered by hybrid machine translation (MT) engines. IT enterprise-level machine translation combines rules systems and statistical systems to achieve a hybrid solution. These are a "black-box solution" due to the complexity of the software implementation and resources needed to successful train an engine.

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Reasons to Get this Report

- Localization of information is a compelling brand initiative
- Smart phones are needing translation of information for ordering
- Globalization of enterprises drives need for translation of information

Market Opportunity

- Hybrid systems are more accurate than previous translation automation
- People are needing automated translation systems
- Large amounts of information can be translated quickly

Market Challenges

- Localization of instructions depends on accurate translations
- Legal and patent information needs to have human review
- Smart phones and tablets create mountains of information that needs to be translated

Companies Mentioned in this Report: Market Leaders:, , Lionbridge, SDL / Trados, Babylon, Microsoft, Systran, Softissimo, IBM, Google, Asia Online, Language Engineering, LLC (LEC), , Other Players:, , AlphaCRC, American Translators Association (ATA), Asia Online, Bablefish, Babylon, The Big Word, Bitext, CallMiner, China Translation Industry, Cloudwords, Duolingo, Globalization and Localization Association (GALA), Google, Hewlett Packard, IBM, Jonckers, Kilgray, Language Engineering, LLC (LEC), Lingo24, Lingotek, Lionbridge, Lloyd International Translations, Mission Essential Personnel (MEP), Moravia, MultiCorpora, Niemanlab.Org, Nuance, OpenAmplify, Pactera Technology / HiSoft, Plunet BusinessManager, ProZ.com, Reverso-Softissimo, RWS Legal Translation, SDL, Star Group, Symbio, Systran, Translations.com, Translators Without Borders, Veveo, Vignette Content Management (VCM), WorldLingo

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