Machine Translation (MT) Market, Global Outlook and Forecast 2023-2029

Report ID: MMG3863 | Category: Service & Software | Pages: 100 | Format: PDF | Published Date: February 13,2023

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Report Description
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Report Summary

Machine translation (MT) refers to fully automated software that can translate source content into target languages. Humans may use MT to help them render text and speech into another language, or the MT software may operate without human intervention. MT tools are often used to translate vast amounts of information involving millions of words that could not possibly be translated the traditional way. The quality of MT output can vary considerably; MT systems require “training” in the desired domain and language pair to increase quality. Translation companies use MT to augment productivity of their translators, cut costs, and provide post-editing services to clients. MT use by language service providers is growing quickly. In 2016, SDL—one of the largest translation companies in the world—announced it translates 20 times more content with MT than with human teams.
This report aims to provide a comprehensive presentation of the global market for Machine Translation (MT), 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 (MT). This report contains market size and forecasts of Machine Translation (MT) in global, including the following market information:
Global Machine Translation (MT) Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Machine Translation (MT) market was valued at US$ 126.7 million in 2022 and is projected to reach US$ 162.6 million by 2029, at a CAGR of 3.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Generic MT Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Machine Translation (MT) include Google Translate, Microsoft Translator / Bing, SDL BeGlobal, Yandex Translate, Amazon Web Services translator, Naver, IBM - Watson Language Translator, Automatic Trans and BABYLON, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Machine Translation (MT) 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 (MT) Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Machine Translation (MT) Market Segment Percentages, by Type, 2022 (%)
    Generic MT
    Customizable MT
    Adaptive MT
Global Machine Translation (MT) Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Machine Translation (MT) Market Segment Percentages, by Application, 2022 (%)
    Healthcare
    Automotive
    Military & Defense
    IT
    Others
Global Machine Translation (MT) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Machine Translation (MT) 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 (MT) revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Machine Translation (MT) revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    Google Translate
    Microsoft Translator / Bing
    SDL BeGlobal
    Yandex Translate
    Amazon Web Services translator
    Naver
    IBM - Watson Language Translator
    Automatic Trans
    BABYLON
    CCID TransTech
    CSLi
    East Linden
    Eleka Ingeniaritza Linguistikoa
    GrammarSoft ApS
    Iconic Translation Machines
    K2E-PAT
    KantanMT
    Kodensha
Outline of Major Chapters:
Chapter 1: Introduces the definition of Machine Translation (MT), market overview.
Chapter 2: Global Machine Translation (MT) market size in revenue.
Chapter 3: Detailed analysis of Machine Translation (MT) 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 (MT) 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 (MT) Market Definition
    1.2 Market Segments
        1.2.1 Market by Type
        1.2.2 Market by Application
    1.3 Global Machine Translation (MT) 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 (MT) Overall Market Size
    2.1 Global Machine Translation (MT) Market Size: 2022 VS 2029
    2.2 Global Machine Translation (MT) 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 (MT) Players in Global Market
    3.2 Top Global Machine Translation (MT) Companies Ranked by Revenue
    3.3 Global Machine Translation (MT) Revenue by Companies
    3.4 Top 3 and Top 5 Machine Translation (MT) Companies in Global Market, by Revenue in 2022
    3.5 Global Companies Machine Translation (MT) Product Type
    3.6 Tier 1, Tier 2 and Tier 3 Machine Translation (MT) Players in Global Market
        3.6.1 List of Global Tier 1 Machine Translation (MT) Companies
        3.6.2 List of Global Tier 2 and Tier 3 Machine Translation (MT) Companies
4 Market Sights by Product
    4.1 Overview
        4.1.1 By Type - Global Machine Translation (MT) Market Size Markets, 2022 & 2029
        4.1.2 Generic MT
        4.1.3 Customizable MT
        4.1.4 Adaptive MT
    4.2 By Type - Global Machine Translation (MT) Revenue & Forecasts
        4.2.1 By Type - Global Machine Translation (MT) Revenue, 2018-2023
        4.2.2 By Type - Global Machine Translation (MT) Revenue, 2024-2029
        4.2.3 By Type - Global Machine Translation (MT) Revenue Market Share, 2018-2029
5 Sights by Application
    5.1 Overview
        5.1.1 By Application - Global Machine Translation (MT) Market Size, 2022 & 2029
        5.1.2 Healthcare
        5.1.3 Automotive
        5.1.4 Military & Defense
        5.1.5 IT
        5.1.6 Others
    5.2 By Application - Global Machine Translation (MT) Revenue & Forecasts
        5.2.1 By Application - Global Machine Translation (MT) Revenue, 2018-2023
        5.2.2 By Application - Global Machine Translation (MT) Revenue, 2024-2029
        5.2.3 By Application - Global Machine Translation (MT) Revenue Market Share, 2018-2029
6 Sights by Region
    6.1 By Region - Global Machine Translation (MT) Market Size, 2022 & 2029
    6.2 By Region - Global Machine Translation (MT) Revenue & Forecasts
        6.2.1 By Region - Global Machine Translation (MT) Revenue, 2018-2023
        6.2.2 By Region - Global Machine Translation (MT) Revenue, 2024-2029
        6.2.3 By Region - Global Machine Translation (MT) Revenue Market Share, 2018-2029
    6.3 North America
        6.3.1 By Country - North America Machine Translation (MT) Revenue, 2018-2029
        6.3.2 US Machine Translation (MT) Market Size, 2018-2029
        6.3.3 Canada Machine Translation (MT) Market Size, 2018-2029
        6.3.4 Mexico Machine Translation (MT) Market Size, 2018-2029
    6.4 Europe
        6.4.1 By Country - Europe Machine Translation (MT) Revenue, 2018-2029
        6.4.2 Germany Machine Translation (MT) Market Size, 2018-2029
        6.4.3 France Machine Translation (MT) Market Size, 2018-2029
        6.4.4 U.K. Machine Translation (MT) Market Size, 2018-2029
        6.4.5 Italy Machine Translation (MT) Market Size, 2018-2029
        6.4.6 Russia Machine Translation (MT) Market Size, 2018-2029
        6.4.7 Nordic Countries Machine Translation (MT) Market Size, 2018-2029
        6.4.8 Benelux Machine Translation (MT) Market Size, 2018-2029
    6.5 Asia
        6.5.1 By Region - Asia Machine Translation (MT) Revenue, 2018-2029
        6.5.2 China Machine Translation (MT) Market Size, 2018-2029
        6.5.3 Japan Machine Translation (MT) Market Size, 2018-2029
        6.5.4 South Korea Machine Translation (MT) Market Size, 2018-2029
        6.5.5 Southeast Asia Machine Translation (MT) Market Size, 2018-2029
        6.5.6 India Machine Translation (MT) Market Size, 2018-2029
    6.6 South America
        6.6.1 By Country - South America Machine Translation (MT) Revenue, 2018-2029
        6.6.2 Brazil Machine Translation (MT) Market Size, 2018-2029
        6.6.3 Argentina Machine Translation (MT) Market Size, 2018-2029
    6.7 Middle East & Africa
        6.7.1 By Country - Middle East & Africa Machine Translation (MT) Revenue, 2018-2029
        6.7.2 Turkey Machine Translation (MT) Market Size, 2018-2029
        6.7.3 Israel Machine Translation (MT) Market Size, 2018-2029
        6.7.4 Saudi Arabia Machine Translation (MT) Market Size, 2018-2029
        6.7.5 UAE Machine Translation (MT) Market Size, 2018-2029
7 Machine Translation (MT) Companies Profiles
    7.1 Google Translate
        7.1.1 Google Translate Company Summary
        7.1.2 Google Translate Business Overview
        7.1.3 Google Translate Machine Translation (MT) Major Product Offerings
        7.1.4 Google Translate Machine Translation (MT) Revenue in Global Market (2018-2023)
        7.1.5 Google Translate Key News & Latest Developments
    7.2 Microsoft Translator / Bing
        7.2.1 Microsoft Translator / Bing Company Summary
        7.2.2 Microsoft Translator / Bing Business Overview
        7.2.3 Microsoft Translator / Bing Machine Translation (MT) Major Product Offerings
        7.2.4 Microsoft Translator / Bing Machine Translation (MT) Revenue in Global Market (2018-2023)
        7.2.5 Microsoft Translator / Bing Key News & Latest Developments
    7.3 SDL BeGlobal
        7.3.1 SDL BeGlobal Company Summary
        7.3.2 SDL BeGlobal Business Overview
        7.3.3 SDL BeGlobal Machine Translation (MT) Major Product Offerings
        7.3.4 SDL BeGlobal Machine Translation (MT) Revenue in Global Market (2018-2023)
        7.3.5 SDL BeGlobal Key News & Latest Developments
    7.4 Yandex Translate
        7.4.1 Yandex Translate Company Summary
        7.4.2 Yandex Translate Business Overview
        7.4.3 Yandex Translate Machine Translation (MT) Major Product Offerings
        7.4.4 Yandex Translate Machine Translation (MT) Revenue in Global Market (2018-2023)
        7.4.5 Yandex Translate Key News & Latest Developments
    7.5 Amazon Web Services translator
        7.5.1 Amazon Web Services translator Company Summary
        7.5.2 Amazon Web Services translator Business Overview
        7.5.3 Amazon Web Services translator Machine Translation (MT) Major Product Offerings
        7.5.4 Amazon Web Services translator Machine Translation (MT) Revenue in Global Market (2018-2023)
        7.5.5 Amazon Web Services translator Key News & Latest Developments
    7.6 Naver
        7.6.1 Naver Company Summary
        7.6.2 Naver Business Overview
        7.6.3 Naver Machine Translation (MT) Major Product Offerings
        7.6.4 Naver Machine Translation (MT) Revenue in Global Market (2018-2023)
        7.6.5 Naver Key News & Latest Developments
    7.7 IBM - Watson Language Translator
        7.7.1 IBM - Watson Language Translator Company Summary
        7.7.2 IBM - Watson Language Translator Business Overview
        7.7.3 IBM - Watson Language Translator Machine Translation (MT) Major Product Offerings
        7.7.4 IBM - Watson Language Translator Machine Translation (MT) Revenue in Global Market (2018-2023)
        7.7.5 IBM - Watson Language Translator Key News & Latest Developments
    7.8 Automatic Trans
        7.8.1 Automatic Trans Company Summary
        7.8.2 Automatic Trans Business Overview
        7.8.3 Automatic Trans Machine Translation (MT) Major Product Offerings
        7.8.4 Automatic Trans Machine Translation (MT) Revenue in Global Market (2018-2023)
        7.8.5 Automatic Trans Key News & Latest Developments
    7.9 BABYLON
        7.9.1 BABYLON Company Summary
        7.9.2 BABYLON Business Overview
        7.9.3 BABYLON Machine Translation (MT) Major Product Offerings
        7.9.4 BABYLON Machine Translation (MT) Revenue in Global Market (2018-2023)
        7.9.5 BABYLON Key News & Latest Developments
    7.10 CCID TransTech
        7.10.1 CCID TransTech Company Summary
        7.10.2 CCID TransTech Business Overview
        7.10.3 CCID TransTech Machine Translation (MT) Major Product Offerings
        7.10.4 CCID TransTech Machine Translation (MT) Revenue in Global Market (2018-2023)
        7.10.5 CCID TransTech Key News & Latest Developments
    7.11 CSLi
        7.11.1 CSLi Company Summary
        7.11.2 CSLi Business Overview
        7.11.3 CSLi Machine Translation (MT) Major Product Offerings
        7.11.4 CSLi Machine Translation (MT) Revenue in Global Market (2018-2023)
        7.11.5 CSLi Key News & Latest Developments
    7.12 East Linden
        7.12.1 East Linden Company Summary
        7.12.2 East Linden Business Overview
        7.12.3 East Linden Machine Translation (MT) Major Product Offerings
        7.12.4 East Linden Machine Translation (MT) Revenue in Global Market (2018-2023)
        7.12.5 East Linden Key News & Latest Developments
    7.13 Eleka Ingeniaritza Linguistikoa
        7.13.1 Eleka Ingeniaritza Linguistikoa Company Summary
        7.13.2 Eleka Ingeniaritza Linguistikoa Business Overview
        7.13.3 Eleka Ingeniaritza Linguistikoa Machine Translation (MT) Major Product Offerings
        7.13.4 Eleka Ingeniaritza Linguistikoa Machine Translation (MT) Revenue in Global Market (2018-2023)
        7.13.5 Eleka Ingeniaritza Linguistikoa Key News & Latest Developments
    7.14 GrammarSoft ApS
        7.14.1 GrammarSoft ApS Company Summary
        7.14.2 GrammarSoft ApS Business Overview
        7.14.3 GrammarSoft ApS Machine Translation (MT) Major Product Offerings
        7.14.4 GrammarSoft ApS Machine Translation (MT) Revenue in Global Market (2018-2023)
        7.14.5 GrammarSoft ApS Key News & Latest Developments
    7.15 Iconic Translation Machines
        7.15.1 Iconic Translation Machines Company Summary
        7.15.2 Iconic Translation Machines Business Overview
        7.15.3 Iconic Translation Machines Machine Translation (MT) Major Product Offerings
        7.15.4 Iconic Translation Machines Machine Translation (MT) Revenue in Global Market (2018-2023)
        7.15.5 Iconic Translation Machines Key News & Latest Developments
    7.16 K2E-PAT
        7.16.1 K2E-PAT Company Summary
        7.16.2 K2E-PAT Business Overview
        7.16.3 K2E-PAT Machine Translation (MT) Major Product Offerings
        7.16.4 K2E-PAT Machine Translation (MT) Revenue in Global Market (2018-2023)
        7.16.5 K2E-PAT Key News & Latest Developments
    7.17 KantanMT
        7.17.1 KantanMT Company Summary
        7.17.2 KantanMT Business Overview
        7.17.3 KantanMT Machine Translation (MT) Major Product Offerings
        7.17.4 KantanMT Machine Translation (MT) Revenue in Global Market (2018-2023)
        7.17.5 KantanMT Key News & Latest Developments
    7.18 Kodensha
        7.18.1 Kodensha Company Summary
        7.18.2 Kodensha Business Overview
        7.18.3 Kodensha Machine Translation (MT) Major Product Offerings
        7.18.4 Kodensha Machine Translation (MT) Revenue in Global Market (2018-2023)
        7.18.5 Kodensha Key News & Latest Developments
8 Conclusion
9 Appendix
    9.1 Note
    9.2 Examples of Clients
    9.3 Disclaimer

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Machine Translation (MT) Market, Global Outlook and Forecast 2023-2029

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