Machine Translation Market, Global Outlook and Forecast 2023-2029

Report ID: MMG246326 | Category: Service & Software | Pages: 65 | Format: PDF | Published Date: October 26,2023

Request Sample Enquiry before buying Ask For Discount

Single User-$3250.00 Multi User-$4225.00

Report Description
View Table of Contents

Report Summary

Machine translation, sometimes referred to by the abbreviation MT (not to be confused with computer-aided translation, machine-aided human translation (MAHT) or interactive translation) is a sub-field of computational linguistics that investigates the use of software to translate text or speech from one language to another.
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, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Machine Translation market was valued at US$ 739.7 million in 2022 and is projected to reach US$ 1598.5 million by 2029, at a CAGR of 11.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The industry is mainly driven by the increasing demand for automated translations to remove repetitive tasks and the rising need for localization to help serve the customers in an enhanced manner.
MARKET MONITOR GLOBAL, INC (MMG) has 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, 2018-2023, 2024-2029 ($ millions)
Global Machine Translation Market Segment Percentages, by Type, 2022 (%)
    Automated Translation
    Smart Automated Translation
    Raw Machine Translation
    Fully Automated Usable Translations
    Rule Based Machine Translation
    Statistical Machine Translation Technology
Global Machine Translation Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Machine Translation Market Segment Percentages, by Application, 2022 (%)
    Automotive
    Military & Defense
    Electronics
    IT
    Healthcare
    Others
Global Machine Translation Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Machine Translation Market Segment Percentages, By Region and Country, 2022 (%)
    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, 2018-2023 (estimated), ($ millions)
Key companies Machine Translation revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    AppTek
    Asia Online
    Cloudwords
    IBM
    Lighthouse IP
    Lingo24
    Lingotek
    Lionbridge Technologies
    Lucy Software and Services
    Moravia
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.

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: 2022 VS 2029
    2.2 Global Machine Translation Market Size, Prospects & Forecasts: 2018-2029
    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 2022
    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, 2022 & 2029
        4.1.2 Automated Translation
        4.1.3 Smart Automated Translation
        4.1.4 Raw Machine Translation
        4.1.5 Fully Automated Usable Translations
        4.1.6 Rule Based Machine Translation
        4.1.7 Statistical Machine Translation Technology
    4.2 By Type - Global Machine Translation Revenue & Forecasts
        4.2.1 By Type - Global Machine Translation Revenue, 2018-2023
        4.2.2 By Type - Global Machine Translation Revenue, 2024-2029
        4.2.3 By Type - Global Machine Translation Revenue Market Share, 2018-2029
5 Sights by Application
    5.1 Overview
        5.1.1 By Application - Global Machine Translation Market Size, 2022 & 2029
        5.1.2 Automotive
        5.1.3 Military & Defense
        5.1.4 Electronics
        5.1.5 IT
        5.1.6 Healthcare
        5.1.7 Others
    5.2 By Application - Global Machine Translation Revenue & Forecasts
        5.2.1 By Application - Global Machine Translation Revenue, 2018-2023
        5.2.2 By Application - Global Machine Translation Revenue, 2024-2029
        5.2.3 By Application - Global Machine Translation Revenue Market Share, 2018-2029
6 Sights by Region
    6.1 By Region - Global Machine Translation Market Size, 2022 & 2029
    6.2 By Region - Global Machine Translation Revenue & Forecasts
        6.2.1 By Region - Global Machine Translation Revenue, 2018-2023
        6.2.2 By Region - Global Machine Translation Revenue, 2024-2029
        6.2.3 By Region - Global Machine Translation Revenue Market Share, 2018-2029
    6.3 North America
        6.3.1 By Country - North America Machine Translation Revenue, 2018-2029
        6.3.2 US Machine Translation Market Size, 2018-2029
        6.3.3 Canada Machine Translation Market Size, 2018-2029
        6.3.4 Mexico Machine Translation Market Size, 2018-2029
    6.4 Europe
        6.4.1 By Country - Europe Machine Translation Revenue, 2018-2029
        6.4.2 Germany Machine Translation Market Size, 2018-2029
        6.4.3 France Machine Translation Market Size, 2018-2029
        6.4.4 U.K. Machine Translation Market Size, 2018-2029
        6.4.5 Italy Machine Translation Market Size, 2018-2029
        6.4.6 Russia Machine Translation Market Size, 2018-2029
        6.4.7 Nordic Countries Machine Translation Market Size, 2018-2029
        6.4.8 Benelux Machine Translation Market Size, 2018-2029
    6.5 Asia
        6.5.1 By Region - Asia Machine Translation Revenue, 2018-2029
        6.5.2 China Machine Translation Market Size, 2018-2029
        6.5.3 Japan Machine Translation Market Size, 2018-2029
        6.5.4 South Korea Machine Translation Market Size, 2018-2029
        6.5.5 Southeast Asia Machine Translation Market Size, 2018-2029
        6.5.6 India Machine Translation Market Size, 2018-2029
    6.6 South America
        6.6.1 By Country - South America Machine Translation Revenue, 2018-2029
        6.6.2 Brazil Machine Translation Market Size, 2018-2029
        6.6.3 Argentina Machine Translation Market Size, 2018-2029
    6.7 Middle East & Africa
        6.7.1 By Country - Middle East & Africa Machine Translation Revenue, 2018-2029
        6.7.2 Turkey Machine Translation Market Size, 2018-2029
        6.7.3 Israel Machine Translation Market Size, 2018-2029
        6.7.4 Saudi Arabia Machine Translation Market Size, 2018-2029
        6.7.5 UAE Machine Translation Market Size, 2018-2029
7 Machine Translation Companies Profiles
    7.1 AppTek
        7.1.1 AppTek Company Summary
        7.1.2 AppTek Business Overview
        7.1.3 AppTek Machine Translation Major Product Offerings
        7.1.4 AppTek Machine Translation Revenue in Global Market (2018-2023)
        7.1.5 AppTek Key News & Latest Developments
    7.2 Asia Online
        7.2.1 Asia Online Company Summary
        7.2.2 Asia Online Business Overview
        7.2.3 Asia Online Machine Translation Major Product Offerings
        7.2.4 Asia Online Machine Translation Revenue in Global Market (2018-2023)
        7.2.5 Asia Online Key News & Latest Developments
    7.3 Cloudwords
        7.3.1 Cloudwords Company Summary
        7.3.2 Cloudwords Business Overview
        7.3.3 Cloudwords Machine Translation Major Product Offerings
        7.3.4 Cloudwords Machine Translation Revenue in Global Market (2018-2023)
        7.3.5 Cloudwords Key News & Latest Developments
    7.4 IBM
        7.4.1 IBM Company Summary
        7.4.2 IBM Business Overview
        7.4.3 IBM Machine Translation Major Product Offerings
        7.4.4 IBM Machine Translation Revenue in Global Market (2018-2023)
        7.4.5 IBM Key News & Latest Developments
    7.5 Lighthouse IP
        7.5.1 Lighthouse IP Company Summary
        7.5.2 Lighthouse IP Business Overview
        7.5.3 Lighthouse IP Machine Translation Major Product Offerings
        7.5.4 Lighthouse IP Machine Translation Revenue in Global Market (2018-2023)
        7.5.5 Lighthouse IP Key News & Latest Developments
    7.6 Lingo24
        7.6.1 Lingo24 Company Summary
        7.6.2 Lingo24 Business Overview
        7.6.3 Lingo24 Machine Translation Major Product Offerings
        7.6.4 Lingo24 Machine Translation Revenue in Global Market (2018-2023)
        7.6.5 Lingo24 Key News & Latest Developments
    7.7 Lingotek
        7.7.1 Lingotek Company Summary
        7.7.2 Lingotek Business Overview
        7.7.3 Lingotek Machine Translation Major Product Offerings
        7.7.4 Lingotek Machine Translation Revenue in Global Market (2018-2023)
        7.7.5 Lingotek Key News & Latest Developments
    7.8 Lionbridge Technologies
        7.8.1 Lionbridge Technologies Company Summary
        7.8.2 Lionbridge Technologies Business Overview
        7.8.3 Lionbridge Technologies Machine Translation Major Product Offerings
        7.8.4 Lionbridge Technologies Machine Translation Revenue in Global Market (2018-2023)
        7.8.5 Lionbridge Technologies Key News & Latest Developments
    7.9 Lucy Software and Services
        7.9.1 Lucy Software and Services Company Summary
        7.9.2 Lucy Software and Services Business Overview
        7.9.3 Lucy Software and Services Machine Translation Major Product Offerings
        7.9.4 Lucy Software and Services Machine Translation Revenue in Global Market (2018-2023)
        7.9.5 Lucy Software and Services Key News & Latest Developments
    7.10 Moravia
        7.10.1 Moravia Company Summary
        7.10.2 Moravia Business Overview
        7.10.3 Moravia Machine Translation Major Product Offerings
        7.10.4 Moravia Machine Translation Revenue in Global Market (2018-2023)
        7.10.5 Moravia Key News & Latest Developments
8 Conclusion
9 Appendix
    9.1 Note
    9.2 Examples of Clients
    9.3 Disclaimer

FAQ's

What does the report cover (Scope)?

It contains all the geographic trends, and market analysis for global market

ENTER REPORT NAME TO SEARCH

Machine Translation Market, Global Outlook and Forecast 2023-2029

Report Summary

Table of Contents

FAQ's

What does the report cover (Scope)?