By: Shahzad Bashir Posted on Wed, 01-07-2015
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…
Non-profit and humanitarian organizations are crucial in bringing societal, environmental, and humanitarian challenges to the spotlight. These organizations can potentially
Read moreHave you ever downloaded an app that's specifically designed for another market? That's a completely different experience because, from design
Read morePandemic is the new supervillain of the year. True, it's a global challenge that humankind is struggling to fight against.
Read moreChicago is the third-largest city of America with a population of three million people. Different ethnic groups are residing in
Read moreThe US is the top economy in the world. Do you know, the average national cost for family health insurance
Read moreWe’ll briefly start with what medication translation exactly means. Then we’ll quickly dive into what makes a high-quality medical translation.
Read moreDue to globalization, people need to travel frequently to foreign countries. It can be for business purposes, higher education, and
Read moreMars Translation Services is one of the leaders in providing legal translation services in Australia. The legal industry and its
Read moreWe are working in the era of technology, everyone is busy with their own business lives. To be known in
Read more