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Translation Management Systems Market worth $5.7 billion by 2030 – Exclusive Report by MarketsandMarkets™

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CHICAGO, Feb. 19, 2024 /PRNewswire/ — More integration of AI and machine learning, support for multimodal translation, customisation, and cloud-based solutions are anticipated developments in the translation management systems market in the future. Key themes propelling innovation and industry expansion will also include data security, analytics capabilities, and collaboration tools.

The Translation Management Systems Market is set to experience rapid growth, projected to surge from USD 2.2 billion in 2024 to USD 5.7 billion by 2030, at a CAGR of 17.2% during the forecast period of 2024–2030, according to a new report by MarketsandMarkets™. The proliferation of digital content across various platforms such as websites, mobile apps, social media, and e-commerce platforms and advancements in natural language processing (NLP), machine learning, and artificial intelligence (AI) are driving forces propelling the Translation Management Systems Market forward. Translation management systems leverage these technologies to automate translation workflows, improve translation quality, and reduce turnaround times.

Browse in-depth TOC on “Translation Management Systems Market”

350 – Tables
70 – Figures
450 – Pages

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Scope of the Report

Report Metrics 

Details

Market size available for years

2018–2030

Base year considered

2023

Forecast period

2024–2030

Forecast units

USD (Million)

Segments covered

Offering, Content Type, Application, Business Function, Vertical, and Region

Geographies covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Companies covered

TransPerfect (US), RWS Group (UK), LanguageLine Solutions (US), Lionbridge (US), Acolad Group (France), Welocalize (US), Translate Plus (UK), Microsoft (US), Google (US), AWS (US), Smartling (US), XTM International (UK), Star Group (Switzerland), memoQ (Hungary), Transifex (US), Oracle (US), Centific (US), and SAP (Germany), Across Systems (Germany), Phrase (Germany), Toppan Digital Language Ltd (UK), Wordbee (Luxembourg), Babylon Software LTD (Israel), Corwdin (Estonia), DeepL (Germany), United Language Group (US), CQ Fluency (US), Lokalise (US), Weglot (France), Smartcat (US), Unbabel (US), Localize (US), and Wordfast (US)

By software, translation software segment to register the largest market share during the forecast period

The rapid advancements in translation technology, including machine translation (MT) and natural language processing (NLP), have significantly enhanced the accuracy and efficiency of automated translation software. The scalability and cost-effectiveness of translation software make it an attractive solution for businesses of all sizes. Unlike traditional human-based translation services, which can be time-consuming and costly, translation software offers a scalable solution that can handle large volumes of content at a fraction of the cost. The growing demand for real-time translation solutions in today’s fast-paced business environment is driving the adoption of translation software. With the increasing need for instant communication and content localization across various digital platforms, businesses require agile translation solutions that can deliver timely and accurate translations on demand.

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By business function, legal business function segment is poised for the fastest growth rate during the forecast period

Globalization has significantly expanded the reach of legal services, leading law firms and legal departments of corporations to handle cases and transactions involving multiple languages and jurisdictions. Regulatory compliance requirements are becoming increasingly stringent, especially in sectors such as finance, healthcare, and intellectual property, where legal documents must be translated into multiple languages to meet international standards and local regulations. Additionally, the rise of cross-border mergers and acquisitions, international trade agreements, and global litigation cases further drives the growth for translation services within the legal domain.

By region, Asia Pacific to account for highest growth rate during forecast period

The Asia Pacific region leads as the fastest-growing segment in the Translation Management Systems Market, fueled by factors such as the burgeoning e-commerce landscape in Asia Pacific which is driving the need for localized content to cater to culturally diverse audiences. With the exponential growth of online platforms, businesses are increasingly recognizing the importance of adapting their content to the language preferences and cultural sensitivities of their target markets. Furthermore, government initiatives promoting digitalization and international trade are fueling the adoption of translation management systems solutions in Asia Pacific.

Top Key Companies in Translation Management Systems Market:

Some major players in the Translation Management Systems Market include include TransPerfect (US), RWS Group (UK), LanguageLine Solutions (US), Acolad Group (France), and Welocalize (US) along with startups and SMEs such as Phrase (Germany), Lokalise (US), Crowdin (Estonia), Smartcat (US), and Unbabel (US).

Recent 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 January 2024, OneMeta partnered with Microsoft to introduce its AI-powered translation and transcription Verbum service to Microsoft Teams. OneMeta’s Verbum software translates and transcribes in over 140 languages and has now reached Microsoft IP Co-sell Ready StatusIn 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.In December 2023, RWS Group announced the acquisition of Dublin-based Propylon Holdings Limited (Propylon), a provider of content creation, management, and publishing solutions for the government, legal, assurance, audit, and publishing industries.In October 2023, with the aim of strengthening support for all major Indian languages, Microsoft India announced the addition of four new languages: Bhojpuri, Bodo, Dogri, and Kashmiri, to Microsoft Translator. With this latest release, Microsoft Translator now supports a total of 20 Indian languages, including Assamese, Bengali, Gujarati, Hindi, Kannada, Konkani, Maithili, Malayalam, Marathi, Nepali, Odia, Punjabi, Sindhi, Tamil, Telugu, and Urdu. This brings Microsoft Translator a step closer to its goal of supporting all 22 official Indian languages and now covers the languages spoken by almost 95% of the country’s population.In June 2023, Welocalize, a pioneer of tech enablement within language services, announced the launch of its newest innovation: TranslationRate, a plugin for ChatGPT. A first in OpenAI’s plugin store for ChatGPT, the new tool allows users to gain insight into the quality of text translations provided by the language model or input by users.In May 2023, LanguageLine Solutions announced its new partnership with Vibe Health by eVideon, the leader in hospital smart room technology and digital workflow solutions. Through the partnership, Vibe Health and LanguageLine are expanding access to interpreter services at the patient’s bedside.

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Translation Management Systems Market Advantages:

By automating and streamlining translation procedures, TMS lowers human labour requirements, accelerates project turnaround times, and increases overall project management efficiency.Translation materials including glossaries, style guides, and translation memories are centralised by TMS, allowing for terminology and language consistency across several projects and languages.Translation management systems (TMS) offer linguistic validation, automated checks, and review workflows as quality assurance tools to guarantee high-quality translations that adhere to language and quality standards.TMS maintains performance and dependability while scaling to meet expanding translation demands and supporting massive amounts of content, numerous languages, and a variety of file formats.TMS saves money for businesses who manage internal translation teams or outsource translation services by streamlining translation processes, cutting project overhead, and getting rid of redundant work.With the help of TMS’s reporting, progress tracking, and visibility into translation projects, project managers can keep an eye on output, manage resources wisely, and make informed decisions.To match the unique requirements and preferences of businesses and translation teams, TMS provides customisation options to modify workflows, user interfaces, and capabilities.

Report Objectives

To define, describe, and predict the Translation Management Systems Market by offering (software and services), application, content type, business function, vertical, and regionTo provide detailed information related to major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the market growthTo analyze the micro markets with respect to individual growth trends, prospects, and their contribution to the total marketTo analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the Translation Management Systems MarketTo analyze opportunities in the market and provide details of the competitive landscape for stakeholders and market leadersTo forecast the market size of segments for five main regions: North America, Europe, Asia Pacific, Middle East Africa, and Latin AmericaTo profile key players and comprehensively analyze their market rankings and core competencies.To analyze competitive developments, such as partnerships, new product launches, and mergers and acquisitions, in the Translation Management Systems MarketTo analyze the impact of recession across all the regions across the Translation Management Systems Market

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Safetyfirst Systems, LLC Provides Notice of Data Security Event

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PARSIPPANY, N.J., July 23, 2026 /PRNewswire/ — Safetyfirst Systems, LLC (“SFS”) is providing notice of a data security event that may involve information relating to certain individuals. While SFS is not aware of any misuse of information associated with this event, it is providing notice to potentially affected individuals out of an abundance of caution.

On January 19, 2026, SFS identified suspicious activity involving a limited portion of its server environment. Upon discovering the activity, SFS quickly took steps to secure its systems, notified federal law enforcement, engaged leading third-party forensic specialists, and performed a detailed investigation into the nature, scope, and impact of the activity. The investigation determined that an unauthorized actor accessed and/or acquired certain files from limited SFS systems between January 16, 2026, and January 19, 2026. SFS then conducted a comprehensive review of the affected files to determine what information may have been involved and identify the individuals to whom the information relates. The review has recently concluded, and SFS is providing this notification to potentially impacted individuals out of an abundance of caution. Although the types of information vary by individual, the affected information may include names, Social Security numbers, and driver’s license numbers.

Protecting the privacy and security of the information entrusted to SFS is a responsibility the company takes very seriously. In response to this event, SFS promptly strengthened security measures, continues to enhance its technical safeguards and monitoring capabilities, and is reviewing existing policies and procedures to further protect against similar incidents in the future. SFS is also providing notice to potentially affected individuals and, where required, appropriate regulatory authorities.

Although SFS is unaware of any misuse of personal information impacted by this event, individuals are encouraged to remain vigilant against events of identity theft by reviewing account statements, explanation of benefits, and monitoring free credit reports for suspicious activity and to detect errors. Any suspicious activity should be reported to the appropriate insurance company, health care provider, or financial institution.

Individuals seeking additional information regarding this event can contact SFS’s dedicated assistance line at 1-833-289-5523 between the hours of 7:00 a.m. to 7:00 p.m. Eastern time, Monday through Friday, excluding holidays. Individuals may also write to SFS at PO Box 101, 3299 US Highway 46, Parsippany, NJ 07054-9998.

 

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SOURCE Safetyfirst Systems, LLC

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Sunrate and Mastercard Release White Paper on Agentic AI and the Future of B2B Global Payments

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SHANGHAI, July 24, 2026 /PRNewswire/ — Sunrate, the global payment and treasury management platform, and Mastercard, a global technology company in the payments industry, unveiled a joint white paper, Beyond Automation: Defining Agentic Global Payments, at the 2026 World Artificial Intelligence Conference (WAIC).

Among the first reports in the payments industry to examine the impact of Agentic AI on B2B cross-border payments, the white paper provides a comprehensive framework for understanding how AI agents are reshaping enterprise payment operations. It proposes that cross-border payments are evolving beyond digitisation and automation into a new stage: Autonomy—where AI agents with reasoning, planning, and execution capabilities can independently orchestrate and optimise end-to-end payment and treasury workflows within defined governance frameworks.

As businesses expand across borders, B2B cross-border payments continue to be constrained by fragmented workflows, disconnected systems, foreign exchange inefficiencies, rising compliance requirements, and complex reconciliation processes. While traditional automation improves individual tasks, the white paper demonstrates that Agentic AI represents a fundamental shift by enabling intelligent agents to coordinate entire payment journeys across systems, counterparties, and approval workflows.

Drawing on Sunrate’s global payment infrastructure and AI-native product capabilities, together with Mastercard’s expertise in secure payment networks and data intelligence, the white paper defines Agentic Global Payments — a new category of AI-native global payment infrastructure built to automate and manage complex enterprise workflows.

The report identifies 16 major pain points across the B2B payment lifecycle and outlines 13 high-value AI use cases spanning supplier onboarding, accounts payable and receivable, virtual commercial cards, payment routing, foreign exchange management, compliance screening, fraud detection, reconciliation, and conversational operational support. It also demonstrates how AI agents can automate complex workflows—from extracting information across multiple document formats and conducting compliance checks to initiating payments, optimising FX execution, and completing reconciliation—while operating within enterprise governance and control frameworks.

The white paper further highlights that trusted adoption of agentic payments depends on more than technological capability. It identifies governance, transparency, security, and ecosystem collaboration as essential foundations for enterprise deployment, supported by frameworks such as Know Your Agent (KYA), payment tokenisation, auditability, and cross-industry interoperability.

Sunrate.AI portfolio currently includes the Payment Agent, FX Agent, Compliance Agent, Onboarding Agent, and Chat Agent, designed to help enterprises automate and optimise critical payment and treasury processes while maintaining compliance and operational control.

Mastercard has also been actively building the foundations for trusted agentic commerce – combining AI capabilities with verifiable authorisation, clear accountability and proven payments security. Its work in this area, including Agent Pay (alongside Agent Pay for Machines) and Verifiable Intent, are proof points in how Mastercard is enabling AI to participate in commerce safely and transparently. 

“Our mission is to make global payments seamless, compliant, and intelligent,” said Paul Meng, Co-founder and CEO of Sunrate. “As businesses continue expanding internationally, AI agents will fundamentally reshape how enterprises manage global payments—enabling smoother capital flows, reducing operational friction, and embedding real-time intelligence into every payment decision. This white paper represents an important step in helping the industry understand how Agentic AI can be deployed responsibly at enterprise scale.”

“Agentic commerce is changing how businesses make and execute payment decisions, but speed without accountability creates new categories of risk,” said Anouska Ladds, Executive Vice President, Commercial & New Payment Flows, Asia Pacific, Mastercard. “As AI starts to act on behalf of businesses, autonomous payment decisions need a clear, auditable chain of identity, intent and action. That’s what allows organisations to delegate with genuine confidence — and what will determine whether agentic commerce scales past pilots.”

Released under WAIC 2026’s theme, “Intelligent Partners, Co-creating the Future,” the white paper provides business leaders with practical guidance on adopting AI-driven payment capabilities, covering implementation approaches, governance considerations, and real-world enterprise applications.

By combining Sunrate’s expertise in global payments and treasury management with Mastercard’s trusted payment infrastructure and network capabilities, the collaboration reflects a shared commitment to accelerating the next generation of intelligent, secure, and autonomous B2B global payments.

Click here to check the white paper.

About Sunrate

Sunrate is a leading global payment and treasury management platform for businesses worldwide. Founded in 2016, Sunrate has enabled companies to operate and scale both locally and globally in 190+ countries and regions with its cutting-edge infrastructure, global network, and unified solutions.

Sunrate operates through offices across key markets, including Singapore, Kuala Lumpur, Jakarta, Hong Kong, Shanghai, and London. The company partners with the top global financial institutions, such as Citibank, Standard Chartered, Barclays, J.P. Morgan. Sunrate is also the principal member of Mastercard and Visa. To learn more about Sunrate, visit https://www.sunrate.com/.

About Mastercard

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential. 

www.mastercard.com

SOURCE Sunrate

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JAMS Launches AI for Enterprise Job Scheduling: JAX and JAMS MCP

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A new AI agent and an open-standard connector let IT teams query, diagnose, and manage automation in plain language, on the model they choose, with operational data able to stay onshore inside their own network

SYDNEY, July 24, 2026 /PRNewswire/ — JAMS Software, an orchestration solution for scheduled and event-driven automation, today announced the general availability of two AI capabilities for enterprise job scheduling: JAX, an AI agent built into the JAMS Web Client, and JAMS MCP, a connector built on the open Model Context Protocol standard that brings JAMS into external AI coding tools. Both capabilities ship at no additional cost as part of JAMS Web.

Automation environments grow faster than the teams that run them. Jobs multiply across SQL Server, Azure Data Factory, Airflow, SAP, JDE, and Banner, and when one fails, finding the root cause often means searching several consoles at once, frequently outside business hours. At the same time, IT leaders carry pressure to adopt AI while staying accountable for where operational data goes. JAX and JAMS MCP close both gaps together.

Full details on how JAX and JAMS MCP work, including the control model behind every action, are available at jamsscheduler.com/product/ai.

JAX is an AI agent that runs inside the JAMS Web Client. It finds jobs, troubleshoots failures, and answers how-to questions in plain language, with each response grounded in the JAMS user guide and checked against a built-in glossary. JAX acts only when a user asks it to. Reads flow freely, and every write action pauses for the user’s explicit approval before it runs. JAX does not learn between sessions, and conversations are not retained on the server.

JAMS MCP is a connector, built on the open Model Context Protocol standard, that brings JAMS into the AI tools engineering teams already use, including Cursor, VS Code with Copilot, Claude Code, Claude Desktop, and Codex. Users query jobs, investigate failures, and manage runs in plain language without leaving their tool.

Both capabilities run inside the customer’s own network and act as the signed-in user, with that user’s exact JAMS permissions. There is no elevated AI account: whatever a user cannot do in the JAMS interface, JAX and JAMS MCP cannot do on that user’s behalf. Every JAX and MCP operation is recorded in its own dedicated log, and changes made through the JAMS API land in the JAMS audit trail like any other change. Customers choose their own AI model, whether a commercial provider such as OpenAI or Anthropic or a model running entirely on their own hardware, and JAMS never trains on customer data. In the current release, neither feature edits or deletes a job, folder, schedule, or agent definition. For teams that need operational data to stay onshore, JAX runs on a local model entirely inside the customer’s own network, so nothing leaves at all.

“Adopting AI usually means giving something up, most often visibility into where your data goes,” said Pete Hegland, Chief Executive Officer of JAMS Software. “We built JAX and JAMS MCP so that trade does not have to happen. Every action runs as the signed-in user, every change waits for approval, and the model can run on the customer’s own hardware, keeping operational data onshore.”

“For teams across Australia, New Zealand, and Singapore, two things matter: keeping data onshore, and getting answers when a job fails after hours,” said Shayne Cooper, Account Executive for APAC at JAMS Software. “JAX and JAMS MCP address both. The model can run on the customer’s own hardware, and the answer arrives in plain language at the moment it is needed.”

JAX and JAMS MCP are available now to all JAMS Web customers across Australia, New Zealand, and Singapore, with no separate licence, SKU, or additional cost. AI-assisted creation of new jobs and workflows from a plain-language description is on the roadmap for a future release, gated by the same approvals and permissions as every other action.

Learn how JAX and JAMS MCP work at https://jamsscheduler.com/product/ai.

Fast facts

JAX is an AI agent built into the JAMS Web Client for job scheduling and workflow automation.JAMS MCP is a connector built on the open Model Context Protocol standard, for Cursor, VS Code with Copilot, Claude Code, Claude Desktop, and Codex.Both act as the signed-in user, with that user’s exact JAMS permissions, and there is no elevated AI account.Customers choose the AI model, including a local model that runs entirely inside their own network.JAMS never trains on customer data.Both are available now at no additional cost as part of JAMS Web.

About JAMS Software
Founded in 1987, JAMS Software is an orchestration solution that helps IT teams centralize, automate, and manage scheduled and event-driven jobs across complex, hybrid environments. Over 850 customers rely on JAMS to run their automated workloads. JAMS Software, LLC is headquartered at 108 Patriot Drive, Suite A, Middletown, DE 19709.

Media Contact
Bobby Schmidt, Vice President of Marketing
press@jamssoftware.com
800.261.4267

 

 

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