번역 관리 시스템 시장 예측(-2030년) : 제공, 기업 규모, 컨텐츠, 배포 형태, 용도, 최종 사용자, 지역별 세계 분석

According to Stratistics MRC, the Global Translation Management Systems Market is accounted for $2.16 billion in 2023 and is expected to reach $5.68 billion by 2030 growing at a CAGR of 18.2% during the forecast period. Translation Management Systems (TMS) are software platforms designed to streamline the process of translating content across multiple languages. They facilitate collaboration among translators, project managers, and clients by centralizing translation workflows, managing translation assets, and providing tools for translation, editing, and quality assurance. TMS automate tasks like file preparation, project assignment, and deadline tracking, improving efficiency and consistency in translation projects.

According to the paper published in December 2021 by IEEE, in recent years, artificial intelligence made a major impact on language translation softwares.

Market Dynamics:

Driver:

Content localization needs

As businesses expand globally, the demand for TMS rises to facilitate the translation of websites, marketing materials, software interfaces, and documentation into multiple languages. TMS streamlines the localization process, enabling companies to reach international markets effectively while maintaining linguistic and cultural relevance. This increased demand for TMS solutions not only expands the market but also stimulates innovation, leading to the development of more advanced and versatile translation technologies to meet evolving localization needs.

Restraint:

Linguistic and cultural challenges

Linguistic and cultural challenges in Translation Management Systems stem from complexities in accurately capturing nuances, idioms, and cultural references. These challenges can lead to inaccuracies and misunderstandings in translations, undermining trust and usability. Consequently, businesses may hesitate to fully embrace TMS due to concerns about the quality and effectiveness of translations, hindering market growth as organizations seek reliable solutions to bridge linguistic and cultural gaps efficiently.

Opportunity:

Rise of real-time communication channels

The rise of real-time communication channels such as live chat and video conferencing creates a pressing need for instant translation services. TMS meet this demand by offering capabilities for real-time translation of conversations, facilitating seamless communication across language barriers. This trend drives the growth of the TMS market as businesses increasingly rely on these systems to engage with global audiences in real-time, enabling them to expand their reach, improve customer support, and foster collaboration on a global scale, thereby fueling the adoption of TMS solutions.

Threat:

Integration Complexities

Integration complexity in translation management systems arises from the need to seamlessly connect with existing systems and workflows within organizations. This complexity can hamper market growth by prolonging implementation timelines, increasing costs, and causing disruptions to operations. Organizations may hesitate to adopt TMS due to concerns about compatibility issues, data migration challenges, and the need for extensive customization, ultimately slowing down the market's expansion.

Covid-19 Impact

The covid-19 pandemic accelerated the demand for translation management systems as businesses pivoted to remote work and expanded their online presence globally. This led to increased requirements for multilingual communication and content localization. However, economic uncertainties caused some organizations to prioritize cost-cutting measures, impacting TMS investment decisions. Overall, the pandemic underscored the importance of TMS in facilitating cross-border communication but also introduced challenges related to budget constraints, affecting market growth.

The text-based content segment is expected to be the largest during the forecast period

The text-based content segment is estimated to have a lucrative growth. Text-based content forms the backbone of TMS, encompassing documents, websites, and digital content. TMS efficiently processes and translates this content into multiple languages, facilitating global communication and accessibility. TMS streamlines translation workflows, enhances accuracy, and enables businesses to reach diverse markets effectively, driving its adoption.

The media & entertainment segment is expected to have the highest CAGR during the forecast period

The media & entertainment segment is anticipated to witness the highest CAGR growth during the forecast period, due to its pivotal role in facilitating global content distribution. These systems streamline the translation process for subtitles, audio dubbing, and written materials, enabling seamless localization of movies, TV shows, video games, and digital content. By efficiently translating content into multiple languages, TMS ensures broader audience reach and enhanced user experience, driving international success and maximizing revenue potential for media and entertainment companies.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period due to increasing globalization and digitalization efforts across industries. Companies are increasingly investing in TMS to streamline their localization processes and cater to diverse linguistic needs in the region. Key factors such as rising internet penetration, expanding e-commerce activities, and the proliferation of mobile technology are further fueling the demand for TMS solutions. Moreover, the emergence of AI and machine learning technologies in emerging economies are driving market expansion in the Asia Pacific.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, propelled by the region's diverse linguistic landscape and the need for multilingual content across various sectors. The market is also benefiting from the increasing demand for localization services driven by globalization and expanding international trade. Furthermore, advancements in technology, such as AI and natural language processing, are enhancing the capabilities of TMS solutions, driving further market expansion in North America.

Key players in the market

Some of the key players profiled in the Translation Management Systems Market include Simple DirectMedia Layer (SDL), Oracle Corporation, Lionbridge Technologies, Smartling, Memsource, XTM International, Wordbee, Transifex, Pairaphrase, Google, memoQ, GlobalSight, Across Systems GmbH, Acolad Group and TransPerfect.

Key Developments:

In January 2024, Bosch Brazil partnered with Oracle to harness Oracle Digital Assistant's (ODA) multilingual capabilities. The partnership demonstrates the power of integrating technologies such as artificial intelligence and customer service. Bosch selected ODA because of its versatility in generating and understanding not only responses in different languages, but also its ability to generate speech in multiple languages.

In January 2024, Acolad expanded its already extensive solutions and technology portfolio through the introduction of its artificial intelligence powered solution - AI voice-over. The new solution ensures impactful synthetic voice-over and dubbing by combining the latest speech synthesis technology and high-quality resources.

In December 2023, Google partnered with Welocalize to evaluate its adaptive translation LLM solution. Welocalize, in partnership with Google, conducted a case study to evaluate the effectiveness of Google's adaptive translation LLM solution.

Offerings Covered:

• Software
• Services

Enterprise Sizes Covered:

• Enterprise-Level TMS
• Mid-Size Business TMS
• Small Business/Startup TMS

Contents Covered:

• Audio-based Content
• Video-based Content
• Text-based Content

Deployment Modes Covered:

• On-premises
• Cloud-based

Applications Covered:

• Translation Memory
• Workflow Automation
• Content Management Integration
• Machine Translation Integration
• Collaboration Tools
• Reporting & Analytics
• Other Applications

End Users Covered:

• Healthcare
• E-commerce
• Government & Public Sector
• Media & Entertainment
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Translation Management Systems Market, By Offering

• 5.1 Introduction
• 5.2 Software
  • 5.2.1 Localization Software
  • 5.2.2 Translation Project Management Software
  • 5.2.3 Terminology Management Software
  • 5.2.4 Quality Assurance Software
• 5.3 Services
  • 5.3.1 Professional Services
  • 5.3.2 Managed Services

6 Global Translation Management Systems Market, By Enterprise Size

• 6.1 Introduction
• 6.2 Enterprise-Level TMS
• 6.3 Mid-Size Business TMS
• 6.4 Small Business/Startup TMS

7 Global Translation Management Systems Market, By Content

• 7.1 Introduction
• 7.2 Audio-based Content
• 7.3 Video-based Content
• 7.4 Text-based Content

8 Global Translation Management Systems Market, By Deployment Mode

• 8.1 Introduction
• 8.2 On-premises
• 8.3 Cloud-based

9 Global Translation Management Systems Market, By Application

• 9.1 Introduction
• 9.2 Translation Memory
• 9.3 Workflow Automation
• 9.4 Content Management Integration
• 9.5 Machine Translation Integration
• 9.6 Collaboration Tools
• 9.7 Reporting & Analytics
• 9.8 Other Applications

10 Global Translation Management Systems Market, By End User

• 10.1 Introduction
• 10.2 Healthcare
• 10.3 E-commerce
• 10.4 Government & Public Sector
• 10.5 Media & Entertainment
• 10.6 Other End Users

11 Global Translation Management Systems Market, By Geography

• 11.1 Introduction
• 11.2 North America
  • 11.2.1 US
  • 11.2.2 Canada
  • 11.2.3 Mexico
• 11.3 Europe
  • 11.3.1 Germany
  • 11.3.2 UK
  • 11.3.3 Italy
  • 11.3.4 France
  • 11.3.5 Spain
  • 11.3.6 Rest of Europe
• 11.4 Asia Pacific
  • 11.4.1 Japan
  • 11.4.2 China
  • 11.4.3 India
  • 11.4.4 Australia
  • 11.4.5 New Zealand
  • 11.4.6 South Korea
  • 11.4.7 Rest of Asia Pacific
• 11.5 South America
  • 11.5.1 Argentina
  • 11.5.2 Brazil
  • 11.5.3 Chile
  • 11.5.4 Rest of South America
• 11.6 Middle East & Africa
  • 11.6.1 Saudi Arabia
  • 11.6.2 UAE
  • 11.6.3 Qatar
  • 11.6.4 South Africa
  • 11.6.5 Rest of Middle East & Africa

12 Key Developments

• 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 12.2 Acquisitions & Mergers
• 12.3 New Product Launch
• 12.4 Expansions
• 12.5 Other Key Strategies

13 Company Profiling

• 13.1 Simple DirectMedia Layer (SDL)
• 13.2 Oracle Corporation
• 13.3 Lionbridge Technologies
• 13.4 Smartling
• 13.5 Memsource
• 13.6 XTM International
• 13.7 Wordbee
• 13.8 Transifex
• 13.9 Pairaphrase
• 13.10 Google
• 13.11 memoQ
• 13.12 GlobalSight
• 13.13 Across Systems GmbH
• 13.14 Acolad Group
• 13.15 TransPerfect