Technology Language Translation Software Market | Page 2

affect the growth of the market in this region positively is the inhabitance of significant market
players and migrants from different countries. The Asia Pacific segment has emerging economies
that are thriving on imports and exports, and the business houses are making considerable amount
of investments in language translation tools to obtain optimum efficiency of operations and amplify
productivity. Asia Pacific region is expected to exhibit highest CAGR among other regional segments
and is the outsourcing hub of BPO services for language translation, mostly to regions with nonnative
English-speaking population.
Key Players:
Some of the prominent players in the market profiled by MRFR are Global Linguist Solutions (U.S.),
Lionbridge Technologies, Inc. (U.S.), IBM Corporation (U.S.), Microsoft Inc. (U.S.), and, Bigword
Group Ltd. (England). Lionbridge Technologies, Inc has expanded its product portfolio to become
one of the key players in the market by developing a cloud-based delivery model to deliver ondemand
translation services. The new service not only saves money and time but also assures
quality. It provides the user organization with options such as managed language services if they
have resources to look after translation and localization process.