Most, if not all companies, use English as their main language in almost everything from content creation to conversations with business partners. However, when it comes to reaching out to new customers or clients, companies cannot entirely rely on English to hold productive conversations or generate positive results. They must localize their business in different foreign markets with translated content and operations. With translation management software, businesses can localize their businesses easily with accurate, high-quality translations. Here are some of the best translation management software available right now.
13+ Translation Management Software
1. Smartling
2. Lokalise
3. Transifex
4. Phrase
5. Memsource
6. GlobalLink
7. Crowdin
8. Smartcat
9. Weglot
10. XTM Cloud
11. Pairaphrase
12. Localazy
13. Boostlingo
14. POEditor
What Is Translation Management Software?
Translation management software is a translation software where users manage and store translations that can be used for localization management projects. The software can assist companies who are seeking to localize content in a foreign market through a localization management platform.
Benefits
A huge benefit of using a translation management system software is that it empowers companies to reach out to a new, foreign market through localization, which translation management software can help out in translating content for new, foreign audiences. Another benefit is that translations are stored in the cloud server of the software, meaning that they can be accessed everywhere which makes it useful for content localization. Most importantly, translation management can help flourish the linguistics industry as more translated content can ensure one language’s survival in the future using the data through translation project management software.
Features
One of the important, yet most effective features of language management is the terminology management system which provides the tools for mapping words, phrases, and sentences for translation to another language through language pairs. Each word must be translated to individual languages as each word and phrase can mean differently in some languages which require more context than simply merely translating it. The software should also be able to translate files, most notably documents, which the translation process is usually automated.
With an extensive translation system in the software years in the process, its automated translation should be able to provide an accurate translation of the file. That being said, another feature is that it allows users to edit translations in case the provided translation is wrong. Not only it corrects translation errors, but it also allows for high-quality translations done by the users to enhance the overall software. The most obvious feature is translation memory which every translation is done are stored in the software’s database.
- Terminology management system
- File translations
- Automated translation
- Translation editing
- Translation memory
Top 10 Translation Management Software
1. POEditor
POEditor provides translators and companies with online localization software where they can collaborate or crowdsource translation websites for online content. POEditor has 4 employees and earns revenue of around $1 million.
2. GlobalLink
GlobalLink helps their clients connect with their global customers with their translation management software that has the robust tools they need to localize themselves in foreign markets. GlobalLink has 734 employees and earns annual revenue of $238.6 million.
3. Smartling
Smartling empowers clients to connect their international customers with their software that translates their content with real-time data anlaytics platforms tools available. Smartling has 212 employees and earns annual revenue of $30.7 million.
4. Smartcat
Smartcat provides an all-in-one localization software that helps companies, professionals and translators connect with their international audience. Smartcat has 218 employees and earns annual revenue of $24 million.
5. Transifex
Transifex assists their clients with an all-in-one localization platform that translates their client’s digital content to increase their reach with their customers. Transifex has 89 employees and earns annual revenue of $12.9 million.
6. Memsource
Memsource’s cost-effective translation management systems combine the power of traditional translation technology and artificial intelligence to provide powerful translation results. Memsource has 115 Employees and earns a revenue of around $8 million.
7. Phrase
Phrase provides its clients with a localization platform that helps them streamline their localization and translation management with effective results. Phrase has 50 employees and earns annual revenue of $7.3 million.
8. Lokalise
Lokalise uses the power of the cloud to provide an automated translation service that lets companies focus on their products’ development workflow while translation takes place in real-time, perfect for quick localization. Lokalise has 98 Employees and earns annual revenue of $4 million.
9. Weglot
Weglot empowers its clients with its translation management software that has the tools to increase visitors, customers, and sales engagement. Weglot has 27 employees and earns annual revenue of $3.9 million.
10. Localazy
Localazy considers itself as a “technology-agnostic” platform that translates content such as documents that are supported by over 50 frameworks and let client focus on things that matter while real-time translation takes place.
FAQs
How can localized content through translation management software help businesses?
Translated localized content can help companies reach out to foreign customers, which the content is more accessible for non-English speaking customers. It brings in new kinds of customers which companies can take the opportunity to not only learn a new language but also learn a new set of demands and cultural differences that they can adapt.
What is the difference between machine translation software and translation management software?
Machine translation software provides a quick, simple tool for users and companies to translate short content such as conversational content like an instant chat messasing which the translation is almost entirely automated. Translation management software has more extensive tools needed for content translation and allows for translation editing by users.
How much does translation management software cost?
Pricing for translation management software can range from free to $117.61 per year or more, with custom pricing available for some software. Pricing can vary as it depends on the features available and the intended target audience. Smaller businesses can benefit more from using free or low-cost translation management software while bigger businesses can benefit more from using high-cost software.
With so many benefits for personal users, businesses, and linguistics experts, translation management software can help everyone with its extensive software with robust tools that can gain them new audiences.
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