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Machine Translation Market Size, Share 2024
| Market size in 2023 |
US$ 501.2 million
|
Forecast Market size by 2030 |
US$ 1105.4 million
|
| Growth Rate |
CAGR of 12.0% |
Number of Pages |
68 Pages |
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.
| Report Attributes |
Report Details |
| Report Title |
Machine Translation Market, Global Outlook and Forecast 2024-2030 |
| Market size in 2023 |
US$ 501.2 million
|
| Forecast Market size by 2030 |
US$ 1105.4 million
|
| Growth Rate |
CAGR of 12.0% |
| Historical Year |
2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year |
2023 |
| Forecast Year |
2031 |
| Number of Pages |
68 Pages |
| Customization Available |
Yes, the report can be customized as per your need. |
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 Machine Translation Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Machine Translation Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Machine Translation Overall Market Size
2.1 Global Machine Translation Market Size: 2023 VS 2030
2.2 Global Machine Translation Market Size, Prospects & Forecasts: 2019-2030
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Machine Translation Players in Global Market
3.2 Top Global Machine Translation Companies Ranked by Revenue
3.3 Global Machine Translation Revenue by Companies
3.4 Top 3 and Top 5 Machine Translation Companies in Global Market, by Revenue in 2023
3.5 Global Companies Machine Translation Product Type
3.6 Tier 1, Tier 2 and Tier 3 Machine Translation Players in Global Market
3.6.1 List of Global Tier 1 Machine Translation Companies
3.6.2 List of Global Tier 2 and Tier 3 Machine Translation Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global Machine Translation Market Size Markets, 2023 & 2030
4.1.2 Cloud
4.1.3 On Premise
4.2 By Type - Global Machine Translation Revenue & Forecasts
4.2.1 By Type - Global Machine Translation Revenue, 2019-2024
4.2.2 By Type - Global Machine Translation Revenue, 2025-2030
4.2.3 By Type - Global Machine Translation Revenue Market Share, 2019-2030
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Machine Translation Market Size, 2023 & 2030
5.1.2 B-end Customer
5.1.3 C-end Customer
5.1.4 Government and Defense
5.2 By Application - Global Machine Translation Revenue & Forecasts
5.2.1 By Application - Global Machine Translation Revenue, 2019-2024
5.2.2 By Application - Global Machine Translation Revenue, 2025-2030
5.2.3 By Application - Global Machine Translation Revenue Market Share, 2019-2030
6 Sights by Region
6.1 By Region - Global Machine Translation Market Size, 2023 & 2030
6.2 By Region - Global Machine Translation Revenue & Forecasts
6.2.1 By Region - Global Machine Translation Revenue, 2019-2024
6.2.2 By Region - Global Machine Translation Revenue, 2025-2030
6.2.3 By Region - Global Machine Translation Revenue Market Share, 2019-2030
6.3 North America
6.3.1 By Country - North America Machine Translation Revenue, 2019-2030
6.3.2 US Machine Translation Market Size, 2019-2030
6.3.3 Canada Machine Translation Market Size, 2019-2030
6.3.4 Mexico Machine Translation Market Size, 2019-2030
6.4 Europe
6.4.1 By Country - Europe Machine Translation Revenue, 2019-2030
6.4.2 Germany Machine Translation Market Size, 2019-2030
6.4.3 France Machine Translation Market Size, 2019-2030
6.4.4 U.K. Machine Translation Market Size, 2019-2030
6.4.5 Italy Machine Translation Market Size, 2019-2030
6.4.6 Russia Machine Translation Market Size, 2019-2030
6.4.7 Nordic Countries Machine Translation Market Size, 2019-2030
6.4.8 Benelux Machine Translation Market Size, 2019-2030
6.5 Asia
6.5.1 By Region - Asia Machine Translation Revenue, 2019-2030
6.5.2 China Machine Translation Market Size, 2019-2030
6.5.3 Japan Machine Translation Market Size, 2019-2030
6.5.4 South Korea Machine Translation Market Size, 2019-2030
6.5.5 Southeast Asia Machine Translation Market Size, 2019-2030
6.5.6 India Machine Translation Market Size, 2019-2030
6.6 South America
6.6.1 By Country - South America Machine Translation Revenue, 2019-2030
6.6.2 Brazil Machine Translation Market Size, 2019-2030
6.6.3 Argentina Machine Translation Market Size, 2019-2030
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Machine Translation Revenue, 2019-2030
6.7.2 Turkey Machine Translation Market Size, 2019-2030
6.7.3 Israel Machine Translation Market Size, 2019-2030
6.7.4 Saudi Arabia Machine Translation Market Size, 2019-2030
6.7.5 UAE Machine Translation Market Size, 2019-2030
7 Machine Translation Companies Profiles
7.1 Google
7.1.1 Google Company Summary
7.1.2 Google Business Overview
7.1.3 Google Machine Translation Major Product Offerings
7.1.4 Google Machine Translation Revenue in Global Market (2019-2024)
7.1.5 Google Key News & Latest Developments
7.2 RWS
7.2.1 RWS Company Summary
7.2.2 RWS Business Overview
7.2.3 RWS Machine Translation Major Product Offerings
7.2.4 RWS Machine Translation Revenue in Global Market (2019-2024)
7.2.5 RWS Key News & Latest Developments
7.3 Microsoft
7.3.1 Microsoft Company Summary
7.3.2 Microsoft Business Overview
7.3.3 Microsoft Machine Translation Major Product Offerings
7.3.4 Microsoft Machine Translation Revenue in Global Market (2019-2024)
7.3.5 Microsoft Key News & Latest Developments
7.4 Lionbridge
7.4.1 Lionbridge Company Summary
7.4.2 Lionbridge Business Overview
7.4.3 Lionbridge Machine Translation Major Product Offerings
7.4.4 Lionbridge Machine Translation Revenue in Global Market (2019-2024)
7.4.5 Lionbridge Key News & Latest Developments
7.5 AWS
7.5.1 AWS Company Summary
7.5.2 AWS Business Overview
7.5.3 AWS Machine Translation Major Product Offerings
7.5.4 AWS Machine Translation Revenue in Global Market (2019-2024)
7.5.5 AWS Key News & Latest Developments
7.6 IBM
7.6.1 IBM Company Summary
7.6.2 IBM Business Overview
7.6.3 IBM Machine Translation Major Product Offerings
7.6.4 IBM Machine Translation Revenue in Global Market (2019-2024)
7.6.5 IBM Key News & Latest Developments
7.7 Omniscien Technologies
7.7.1 Omniscien Technologies Company Summary
7.7.2 Omniscien Technologies Business Overview
7.7.3 Omniscien Technologies Machine Translation Major Product Offerings
7.7.4 Omniscien Technologies Machine Translation Revenue in Global Market (2019-2024)
7.7.5 Omniscien Technologies Key News & Latest Developments
7.8 Baidu
7.8.1 Baidu Company Summary
7.8.2 Baidu Business Overview
7.8.3 Baidu Machine Translation Major Product Offerings
7.8.4 Baidu Machine Translation Revenue in Global Market (2019-2024)
7.8.5 Baidu Key News & Latest Developments
7.9 Tencent Cloud TMT
7.9.1 Tencent Cloud TMT Company Summary
7.9.2 Tencent Cloud TMT Business Overview
7.9.3 Tencent Cloud TMT Machine Translation Major Product Offerings
7.9.4 Tencent Cloud TMT Machine Translation Revenue in Global Market (2019-2024)
7.9.5 Tencent Cloud TMT Key News & Latest Developments
7.10 Alibaba Cloud
7.10.1 Alibaba Cloud Company Summary
7.10.2 Alibaba Cloud Business Overview
7.10.3 Alibaba Cloud Machine Translation Major Product Offerings
7.10.4 Alibaba Cloud Machine Translation Revenue in Global Market (2019-2024)
7.10.5 Alibaba Cloud Key News & Latest Developments
7.11 KantanAI
7.11.1 KantanAI Company Summary
7.11.2 KantanAI Business Overview
7.11.3 KantanAI Machine Translation Major Product Offerings
7.11.4 KantanAI Machine Translation Revenue in Global Market (2019-2024)
7.11.5 KantanAI Key News & Latest Developments
7.12 Smart Communications, Inc.
7.12.1 Smart Communications, Inc. Company Summary
7.12.2 Smart Communications, Inc. Business Overview
7.12.3 Smart Communications, Inc. Machine Translation Major Product Offerings
7.12.4 Smart Communications, Inc. Machine Translation Revenue in Global Market (2019-2024)
7.12.5 Smart Communications, Inc. Key News & Latest Developments
7.13 LLSOLLU
7.13.1 LLSOLLU Company Summary
7.13.2 LLSOLLU Business Overview
7.13.3 LLSOLLU Machine Translation Major Product Offerings
7.13.4 LLSOLLU Machine Translation Revenue in Global Market (2019-2024)
7.13.5 LLSOLLU Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. Machine Translation Market Opportunities & Trends in Global Market
Table 2. Machine Translation Market Drivers in Global Market
Table 3. Machine Translation Market Restraints in Global Market
Table 4. Key Players of Machine Translation in Global Market
Table 5. Top Machine Translation Players in Global Market, Ranking by Revenue (2023)
Table 6. Global Machine Translation Revenue by Companies, (US$, Mn), 2019-2024
Table 7. Global Machine Translation Revenue Share by Companies, 2019-2024
Table 8. Global Companies Machine Translation Product Type
Table 9. List of Global Tier 1 Machine Translation Companies, Revenue (US$, Mn) in 2023 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Machine Translation Companies, Revenue (US$, Mn) in 2023 and Market Share
Table 11. By Type ? Global Machine Translation Revenue, (US$, Mn), 2023 & 2030
Table 12. By Type - Machine Translation Revenue in Global (US$, Mn), 2019-2024
Table 13. By Type - Machine Translation Revenue in Global (US$, Mn), 2025-2030
Table 14. By Application ? Global Machine Translation Revenue, (US$, Mn), 2023 & 2030
Table 15. By Application - Machine Translation Revenue in Global (US$, Mn), 2019-2024
Table 16. By Application - Machine Translation Revenue in Global (US$, Mn), 2025-2030
Table 17. By Region ? Global Machine Translation Revenue, (US$, Mn), 2023 & 2030
Table 18. By Region - Global Machine Translation Revenue (US$, Mn), 2019-2024
Table 19. By Region - Global Machine Translation Revenue (US$, Mn), 2025-2030
Table 20. By Country - North America Machine Translation Revenue, (US$, Mn), 2019-2024
Table 21. By Country - North America Machine Translation Revenue, (US$, Mn), 2025-2030
Table 22. By Country - Europe Machine Translation Revenue, (US$, Mn), 2019-2024
Table 23. By Country - Europe Machine Translation Revenue, (US$, Mn), 2025-2030
Table 24. By Region - Asia Machine Translation Revenue, (US$, Mn), 2019-2024
Table 25. By Region - Asia Machine Translation Revenue, (US$, Mn), 2025-2030
Table 26. By Country - South America Machine Translation Revenue, (US$, Mn), 2019-2024
Table 27. By Country - South America Machine Translation Revenue, (US$, Mn), 2025-2030
Table 28. By Country - Middle East & Africa Machine Translation Revenue, (US$, Mn), 2019-2024
Table 29. By Country - Middle East & Africa Machine Translation Revenue, (US$, Mn), 2025-2030
Table 30. Google Company Summary
Table 31. Google Machine Translation Product Offerings
Table 32. Google Machine Translation Revenue (US$, Mn) & (2019-2024)
Table 33. Google Key News & Latest Developments
Table 34. RWS Company Summary
Table 35. RWS Machine Translation Product Offerings
Table 36. RWS Machine Translation Revenue (US$, Mn) & (2019-2024)
Table 37. RWS Key News & Latest Developments
Table 38. Microsoft Company Summary
Table 39. Microsoft Machine Translation Product Offerings
Table 40. Microsoft Machine Translation Revenue (US$, Mn) & (2019-2024)
Table 41. Microsoft Key News & Latest Developments
Table 42. Lionbridge Company Summary
Table 43. Lionbridge Machine Translation Product Offerings
Table 44. Lionbridge Machine Translation Revenue (US$, Mn) & (2019-2024)
Table 45. Lionbridge Key News & Latest Developments
Table 46. AWS Company Summary
Table 47. AWS Machine Translation Product Offerings
Table 48. AWS Machine Translation Revenue (US$, Mn) & (2019-2024)
Table 49. AWS Key News & Latest Developments
Table 50. IBM Company Summary
Table 51. IBM Machine Translation Product Offerings
Table 52. IBM Machine Translation Revenue (US$, Mn) & (2019-2024)
Table 53. IBM Key News & Latest Developments
Table 54. Omniscien Technologies Company Summary
Table 55. Omniscien Technologies Machine Translation Product Offerings
Table 56. Omniscien Technologies Machine Translation Revenue (US$, Mn) & (2019-2024)
Table 57. Omniscien Technologies Key News & Latest Developments
Table 58. Baidu Company Summary
Table 59. Baidu Machine Translation Product Offerings
Table 60. Baidu Machine Translation Revenue (US$, Mn) & (2019-2024)
Table 61. Baidu Key News & Latest Developments
Table 62. Tencent Cloud TMT Company Summary
Table 63. Tencent Cloud TMT Machine Translation Product Offerings
Table 64. Tencent Cloud TMT Machine Translation Revenue (US$, Mn) & (2019-2024)
Table 65. Tencent Cloud TMT Key News & Latest Developments
Table 66. Alibaba Cloud Company Summary
Table 67. Alibaba Cloud Machine Translation Product Offerings
Table 68. Alibaba Cloud Machine Translation Revenue (US$, Mn) & (2019-2024)
Table 69. Alibaba Cloud Key News & Latest Developments
Table 70. KantanAI Company Summary
Table 71. KantanAI Machine Translation Product Offerings
Table 72. KantanAI Machine Translation Revenue (US$, Mn) & (2019-2024)
Table 73. KantanAI Key News & Latest Developments
Table 74. Smart Communications, Inc. Company Summary
Table 75. Smart Communications, Inc. Machine Translation Product Offerings
Table 76. Smart Communications, Inc. Machine Translation Revenue (US$, Mn) & (2019-2024)
Table 77. Smart Communications, Inc. Key News & Latest Developments
Table 78. LLSOLLU Company Summary
Table 79. LLSOLLU Machine Translation Product Offerings
Table 80. LLSOLLU Machine Translation Revenue (US$, Mn) & (2019-2024)
Table 81. LLSOLLU Key News & Latest Developments
List of Figures
Figure 1. Machine Translation Segment by Type in 2023
Figure 2. Machine Translation Segment by Application in 2023
Figure 3. Global Machine Translation Market Overview: 2023
Figure 4. Key Caveats
Figure 5. Global Machine Translation Market Size: 2023 VS 2030 (US$, Mn)
Figure 6. Global Machine Translation Revenue, 2019-2030 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Machine Translation Revenue in 2023
Figure 8. By Type - Global Machine Translation Revenue Market Share, 2019-2030
Figure 9. By Application - Global Machine Translation Revenue Market Share, 2019-2030
Figure 10. By Type - Global Machine Translation Revenue, (US$, Mn), 2023 & 2030
Figure 11. By Type - Global Machine Translation Revenue Market Share, 2019-2030
Figure 12. By Application - Global Machine Translation Revenue, (US$, Mn), 2023 & 2030
Figure 13. By Application - Global Machine Translation Revenue Market Share, 2019-2030
Figure 14. By Region - Global Machine Translation Revenue Market Share, 2019-2030
Figure 15. By Country - North America Machine Translation Revenue Market Share, 2019-2030
Figure 16. US Machine Translation Revenue, (US$, Mn), 2019-2030
Figure 17. Canada Machine Translation Revenue, (US$, Mn), 2019-2030
Figure 18. Mexico Machine Translation Revenue, (US$, Mn), 2019-2030
Figure 19. By Country - Europe Machine Translation Revenue Market Share, 2019-2030
Figure 20. Germany Machine Translation Revenue, (US$, Mn), 2019-2030
Figure 21. France Machine Translation Revenue, (US$, Mn), 2019-2030
Figure 22. U.K. Machine Translation Revenue, (US$, Mn), 2019-2030
Figure 23. Italy Machine Translation Revenue, (US$, Mn), 2019-2030
Figure 24. Russia Machine Translation Revenue, (US$, Mn), 2019-2030
Figure 25. Nordic Countries Machine Translation Revenue, (US$, Mn), 2019-2030
Figure 26. Benelux Machine Translation Revenue, (US$, Mn), 2019-2030
Figure 27. By Region - Asia Machine Translation Revenue Market Share, 2019-2030
Figure 28. China Machine Translation Revenue, (US$, Mn), 2019-2030
Figure 29. Japan Machine Translation Revenue, (US$, Mn), 2019-2030
Figure 30. South Korea Machine Translation Revenue, (US$, Mn), 2019-2030
Figure 31. Southeast Asia Machine Translation Revenue, (US$, Mn), 2019-2030
Figure 32. India Machine Translation Revenue, (US$, Mn), 2019-2030
Figure 33. By Country - South America Machine Translation Revenue Market Share, 2019-2030
Figure 34. Brazil Machine Translation Revenue, (US$, Mn), 2019-2030
Figure 35. Argentina Machine Translation Revenue, (US$, Mn), 2019-2030
Figure 36. By Country - Middle East & Africa Machine Translation Revenue Market Share, 2019-2030
Figure 37. Turkey Machine Translation Revenue, (US$, Mn), 2019-2030
Figure 38. Israel Machine Translation Revenue, (US$, Mn), 2019-2030
Figure 39. Saudi Arabia Machine Translation Revenue, (US$, Mn), 2019-2030
Figure 40. UAE Machine Translation Revenue, (US$, Mn), 2019-2030
Figure 41. Google Machine Translation Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 42. RWS Machine Translation Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 43. Microsoft Machine Translation Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 44. Lionbridge Machine Translation Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 45. AWS Machine Translation Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 46. IBM Machine Translation Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 47. Omniscien Technologies Machine Translation Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 48. Baidu Machine Translation Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 49. Tencent Cloud TMT Machine Translation Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 50. Alibaba Cloud Machine Translation Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 51. KantanAI Machine Translation Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 52. Smart Communications, Inc. Machine Translation Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 53. LLSOLLU Machine Translation Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
