Report overview
The global Machine Translation market was valued at US$ 501.2 million in 2023 and is projected to reach US$ 1105.4 million by 2030, at a CAGR of 12.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global key players of machine translation include Google, RWS, Microsoft and Lionbridge. Global top four manufacturers hold a share about 65%. In terms of product, cloud is the largest segment, with a share about 93%. And in terms of application, the largest application is B-end customer, which has a share about 71 percent.
Machine translation (MT) is a sub-field of computational linguistics. Machine translation systems are applications or online services that can translate source content into target languages by using machine-learning technologies to translate large amounts of text from and to any of their supported languages.
This report aims to provide a comprehensive presentation of the global market for Machine Translation, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Machine Translation. This report contains market size and forecasts of Machine Translation in global, including the following market information:
Global Machine Translation Market Revenue, 2019-2024, 2025-2030, ($ millions)
Global top five companies in 2023 (%)
We surveyed the Machine Translation companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Machine Translation Market, by Type, 2019-2024, 2025-2030 ($ millions)
Global Machine Translation Market Segment Percentages, by Type, 2023 (%)
Cloud
On Premise
Global Machine Translation Market, by Application, 2019-2024, 2025-2030 ($ millions)
Global Machine Translation Market Segment Percentages, by Application, 2023 (%)
B-end Customer
C-end Customer
Government and Defense
Global Machine Translation Market, By Region and Country, 2019-2024, 2025-2030 ($ Millions)
Global Machine Translation Market Segment Percentages, By Region and Country, 2023 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Machine Translation revenues in global market, 2019-2024 (estimated), ($ millions)
Key companies Machine Translation revenues share in global market, 2023 (%)
Further, the report presents profiles of competitors in the market, key players include:
Google
RWS
Microsoft
Lionbridge
AWS
IBM
Omniscien Technologies
Baidu
Tencent Cloud TMT
Alibaba Cloud
KantanAI
Smart Communications, Inc.
LLSOLLU
Outline of Major Chapters:
Chapter 1: Introduces the definition of Machine Translation, market overview.
Chapter 2: Global Machine Translation market size in revenue.
Chapter 3: Detailed analysis of Machine Translation company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Machine Translation in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
