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

Growth Index

Growth Index (GI) 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 market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

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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

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