By: Admin 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…
Africa is the second largest and second most populous continent. As recent statistics suggest, 1,486,275,887 is the current population of
Read moredxf: DXF is a CAD data file format developed by Autodesk for CAD data exchange between AutoCAD and other software. docx:
Read moreMars Translation can help you extract the texts in a DXF file and convert them into a XML file so
Read moreMars Translation can help you extract the texts in a DWG file and convert them into a Word file so
Read moreNo state on the western side of the globe can compare the strategic geographic location, diverse multilingual workforce, and attention
Read moreSan Diego is California's second-largest city, and it has a population of 1.3 million from which three million residents are
Read moreDallas is the largest state in Texas after Houston and San Antonio. It is the ninth most populous city in
Read moreIn this day and age, users love to consume video content. Statistics show that almost 90% of all internet users
Read moreVirtual reality is transforming our imaginative worlds into existence. Since childhood, we used to create visionary kingdoms and act like
Read more