Frost Radar™: Translation Management Systems, 2024

Entertainment and MediaFrost Radar™: Translation Management Systems, 2024

A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
21-Aug-2024
REGION
Global
Deliverable Type
Frost Radar
Research Code: KA59-01-00-00-00
SKU: EM_2024_957
AvailableYesPDF Download
$4,950.00
In stock
SKU
EM_2024_957

Frost Radar™: Translation Management Systems, 2024
Published on: 21-Aug-2024 | SKU: EM_2024_957

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The Frost Radar™ of the translation management systems (TMS) industry analyzes providers that help companies and organizations streamline, manage, localize, and optimize the complex process involved in translating content into multiple languages.

Systems often include project management, translation memory, terminology management, vendor management, collaboration and communication tools, quality assurance tools, automation and artificial intelligence, reporting and analytics, integration capabilities, security and compliance, customization options, and user management and access control.

This analysis offers a perspective of industry trends and an assessment of 12 growth and innovation leaders. It plots selected providers based on 10 qualitative and quantitative factors.

The vertical Growth Index is a measure of a company's growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision, a robust growth pipeline system, and effective sales and marketing strategies. To measure growth performance and track record, Frost & Sullivan considered each company’s TMS-related revenue for 2020, 2021, 2022, and 2023.

The Innovation Index is a measure of a company's ability to develop offerings/features/services/solutions (with a clear understanding of disruptive megatrends) that are globally applicable, extensible, pertinent to multiple markets, and aligned with customers' changing needs.

The following are inclusion criteria for TMS providers: a focus on localization to streamline, automate, and improve the efficiency of the process; the offering of cloud-based or software-as-a-service solutions, centralized project management, general integration capabilities, various security measures, reporting and analytics, and vendor management; the inclusion of AI and machine translation integration to automate features, collaboration and communication tools, translation memory and terminology management, and quality assurance tools; support for a wide variety of file formats to handle different types of content; an emphasis on user-friendly interfaces; and revenue of at least $6 million in calendar year 2023.

Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to generate their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™, considering their strengths and the opportunities that best fit those strengths.

Strategic Imperative

Strategic Imperative (continued)

Growth Environment

Frost Radar™: Translation Management Systems

Frost Radar™ Competitive Environment

Frost Radar™ Competitive Environment (continued)

Crowdin

Crowdin (continued)

Crowdin (continued)

Crowdin (continued)

EasyTranslate

EasyTranslate (continued)

EasyTranslate (continued)

EasyTranslate (continued)

EasyTranslate (continued)

Lokalise

Lokalise (continued)

Lokalise (continued)

Lokalise (continued)

Lokalise (continued)

Phrase

Phrase (continued)

Phrase (continued)

Phrase (continued)

Phrase (continued)

Phrase (continued)

Plunet

Plunet (continued)

Plunet (continued)

Plunet (continued)

RWS

RWS (continued)

RWS (continued)

RWS (continued)

Smartcat

Smartcat (continued)

Smartcat (continued)

Smartcat (continued)

Smartling

Smartling (continued)

Smartling (continued)

Smartling (continued)

Transifex

Transifex (continued)

Transifex (continued)

Transifex (continued)

TransPerfect

TransPerfect (continued)

TransPerfect (continued)

TransPerfect (continued)

Weglot

Weglot (continued)

Weglot (continued)

Weglot (continued)

XTM International

XTM International (continued)

XTM International (continued)

XTM International (continued)

XTM International (continued)

Best Practices

Growth Opportunities

Frost Radar: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Frost Radar: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform (continued)

Significance of Being on the Frost Radar™

Frost Radar™ Empowers the CEO’s Growth Team

Frost Radar™ Empowers Investors

Frost Radar™ Empowers Customers

Frost Radar™ Empowers the Board of Directors

Next Steps

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A tailored session with you where we identify the:
  • Strategic Imperatives
  • Growth Opportunities
  • Best Practices
  • Companies to Action

Impacting your company's future growth potential.

The Frost Radar of the translation management systems (TMS) industry analyzes providers that help companies and organizations streamline, manage, localize, and optimize the complex process involved in translating content into multiple languages. Systems often include project management, translation memory, terminology management, vendor management, collaboration and communication tools, quality assurance tools, automation and artificial intelligence, reporting and analytics, integration capabilities, security and compliance, customization options, and user management and access control. This analysis offers a perspective of industry trends and an assessment of 12 growth and innovation leaders. It plots selected providers based on 10 qualitative and quantitative factors. The vertical Growth Index is a measure of a company's growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision, a robust growth pipeline system, and effective sales and marketing strategies. To measure growth performance and track record, Frost & Sullivan considered each company s TMS-related revenue for 2020, 2021, 2022, and 2023. The Innovation Index is a measure of a company's ability to develop offerings/features/services/solutions (with a clear understanding of disruptive megatrends) that are globally applicable, extensible, pertinent to multiple markets, and aligned with customers' changing needs. The following are inclusion criteria for TMS providers: a focus on localization to streamline, automate, and improve the efficiency of the process; the offering of cloud-based or software-as-a-service solutions, centralized project management, general integration capabilities, various security measures, reporting and analytics, and vendor management; the inclusion of AI and machine translation integration to automate features, collaboration and communication tools, translation memory and terminology management, and quality assurance tools; support for a wide variety of file formats to handle different types of content; an emphasis on user-friendly interfaces; and revenue of at least $6 million in calendar year 2023. Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to generate their position on the Frost Radar . The publication presents competitive profiles of each company on the Frost Radar , considering their strengths and the opportunities that best fit those strengths.
More Information
Deliverable Type Frost Radar
Author Alaa Saayed
Industries Entertainment and Media
No Index No
Is Prebook No
Keyword 1 Translation Management Systems
Keyword 2 TMS Market
Keyword 3 Language Management Tools
Podcast No
WIP Number KA59-01-00-00-00