Market overview

There is a great number of Translation Management Systems available to meet different business needs.

Below you can find a graphical representation from Nimdzi Language Technology Atlas 2020, listing all TMSs divided into special-purpose categories:

Figure 1. Translation Management Systems
Translation Management Systems

Source: https://www.nimdzi.com/nimdzi-language-technology-atlas-2020/

Here is a list of most popular TMSs available on the market with a brief description:

Table 1. Key TMS market players
TMS Description Cloud deployment On premises? Editor
Memsource AI-powered TMS for global enterprises and language service providers Public cloud only No All major operating systems, including mobile
Phrase platform for software localization Public cloud only Yes Web only
XTM Cloud AI-powered TMS for global enterprises and language service providers Public or private Yes Web, mobile, offline
Localise platform for software and games localization Public cloud only No Web only
Smartling enterprise translation management software Cloud deployment No Web only
memoQ cloud Software as a Service translation management system Public or private Yes Windows installable and web
Across translation management system for enterprises and language service providers Public or private Yes Desktop or web
Unbabel platform for translating your customer service communications Public cloud only No Web only
Transifex translation & localization management platform for web and mobile apps Public cloud only No Web only
GlobalLink cloud-based technology platform that optimizes translation management for businesses Public or private Yes Installable and web
Smartcat internet platform for translation project management Public or private No All major operating systems and web
POEditor cross-platform translation and localization management solution Public cloud only No Web only
Wordbee SaaS collaborative translation management system for enterprises and LSPs Public or private Yes Web only
Lilt complete, high-quality online adaptive platform for enterprise translation Cloud deployment No Web only
CrowdIn cloud-based solution that streamlines localization management Public or private No Web only
RWS Language Cloud next-generation complete intelligent translation platform Public cloud No Integration with SDL Trados Studio

Source: https://rubric.com/en-US/translation-management-system-comparison/

For detailed information on a variety of Translation Management Systems you can consult Nimdzi.

Note: There are also a few interesting tools for you, e.g. G2 or Crozdesk to check the rating of and compare the most popular TMSs including user reviews.