Global Machine Translation Market Growth (Status and Outlook) 2024-2030

Publication ID:

LPI01245979

Publication Date:

January 4, 2024

Pages:

109

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

IT Services [2]

Software [3]

Computing & Electronics [4]

Description:

The global Machine Translation market size was valued at US$ 476.5 million in 2023. With growing demand in downstream market, the Machine Translation is forecast to a readjusted size of US$ 1118.8 million by 2030 with a CAGR of 13.0% during review period.
The research report highlights the growth potential of the global Machine Translation market. Machine Translation are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Machine Translation. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Machine Translation market.
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.
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.
Key Features:
The report on Machine Translation market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Machine Translation market. It may include historical data, market segmentation by Type (e.g., Cloud, On Premise), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Machine Translation market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Machine Translation market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Machine Translation industry. This include advancements in Machine Translation technology, Machine Translation new entrants, Machine Translation new investment, and other innovations that are shaping the future of Machine Translation.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Machine Translation market. It includes factors influencing customer ' purchasing decisions, preferences for Machine Translation product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Machine Translation market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Machine Translation market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Machine Translation market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Machine Translation industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Machine Translation market.
Market Segmentation:
Machine Translation market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
Cloud
On Premise
Segmentation by application
B-end Customer
C-end Customer
Government and Defense
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Google
RWS
Microsoft
Lionbridge
AWS
IBM
Omniscien Technologies
Baidu
Tencent Cloud TMT
Alibaba Cloud
KantanAI
Smart Communications, Inc.
LLSOLLU

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Machine Translation Market Size 2019-2030
2.1.2 Machine Translation Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Machine Translation Segment by Type
2.2.1 Cloud
2.2.2 On Premise
2.3 Machine Translation Market Size by Type
2.3.1 Machine Translation Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Machine Translation Market Size Market Share by Type (2019-2024)
2.4 Machine Translation Segment by Application
2.4.1 B-end Customer
2.4.2 C-end Customer
2.4.3 Government and Defense
2.5 Machine Translation Market Size by Application
2.5.1 Machine Translation Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Machine Translation Market Size Market Share by Application (2019-2024)
3 Machine Translation Market Size by Player
3.1 Machine Translation Market Size Market Share by Players
3.1.1 Global Machine Translation Revenue by Players (2019-2024)
3.1.2 Global Machine Translation Revenue Market Share by Players (2019-2024)
3.2 Global Machine Translation Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Machine Translation by Regions
4.1 Machine Translation Market Size by Regions (2019-2024)
4.2 Americas Machine Translation Market Size Growth (2019-2024)
4.3 APAC Machine Translation Market Size Growth (2019-2024)
4.4 Europe Machine Translation Market Size Growth (2019-2024)
4.5 Middle East & Africa Machine Translation Market Size Growth (2019-2024)
5 Americas
5.1 Americas Machine Translation Market Size by Country (2019-2024)
5.2 Americas Machine Translation Market Size by Type (2019-2024)
5.3 Americas Machine Translation Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Machine Translation Market Size by Region (2019-2024)
6.2 APAC Machine Translation Market Size by Type (2019-2024)
6.3 APAC Machine Translation Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Machine Translation by Country (2019-2024)
7.2 Europe Machine Translation Market Size by Type (2019-2024)
7.3 Europe Machine Translation Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Machine Translation by Region (2019-2024)
8.2 Middle East & Africa Machine Translation Market Size by Type (2019-2024)
8.3 Middle East & Africa Machine Translation Market Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Machine Translation Market Forecast
10.1 Global Machine Translation Forecast by Regions (2025-2030)
10.1.1 Global Machine Translation Forecast by Regions (2025-2030)
10.1.2 Americas Machine Translation Forecast
10.1.3 APAC Machine Translation Forecast
10.1.4 Europe Machine Translation Forecast
10.1.5 Middle East & Africa Machine Translation Forecast
10.2 Americas Machine Translation Forecast by Country (2025-2030)
10.2.1 United States Machine Translation Market Forecast
10.2.2 Canada Machine Translation Market Forecast
10.2.3 Mexico Machine Translation Market Forecast
10.2.4 Brazil Machine Translation Market Forecast
10.3 APAC Machine Translation Forecast by Region (2025-2030)
10.3.1 China Machine Translation Market Forecast
10.3.2 Japan Machine Translation Market Forecast
10.3.3 Korea Machine Translation Market Forecast
10.3.4 Southeast Asia Machine Translation Market Forecast
10.3.5 India Machine Translation Market Forecast
10.3.6 Australia Machine Translation Market Forecast
10.4 Europe Machine Translation Forecast by Country (2025-2030)
10.4.1 Germany Machine Translation Market Forecast
10.4.2 France Machine Translation Market Forecast
10.4.3 UK Machine Translation Market Forecast
10.4.4 Italy Machine Translation Market Forecast
10.4.5 Russia Machine Translation Market Forecast
10.5 Middle East & Africa Machine Translation Forecast by Region (2025-2030)
10.5.1 Egypt Machine Translation Market Forecast
10.5.2 South Africa Machine Translation Market Forecast
10.5.3 Israel Machine Translation Market Forecast
10.5.4 Turkey Machine Translation Market Forecast
10.5.5 GCC Countries Machine Translation Market Forecast
10.6 Global Machine Translation Forecast by Type (2025-2030)
10.7 Global Machine Translation Forecast by Application (2025-2030)

11 Key Players Analysis
11.1 Google
11.1.1 Google Company Information
11.1.2 Google Machine Translation Product Offered
11.1.3 Google Machine Translation Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 Google Main Business Overview
11.1.5 Google Latest Developments
11.2 RWS
11.2.1 RWS Company Information
11.2.2 RWS Machine Translation Product Offered
11.2.3 RWS Machine Translation Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 RWS Main Business Overview
11.2.5 RWS Latest Developments
11.3 Microsoft
11.3.1 Microsoft Company Information
11.3.2 Microsoft Machine Translation Product Offered
11.3.3 Microsoft Machine Translation Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 Microsoft Main Business Overview
11.3.5 Microsoft Latest Developments
11.4 Lionbridge
11.4.1 Lionbridge Company Information
11.4.2 Lionbridge Machine Translation Product Offered
11.4.3 Lionbridge Machine Translation Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 Lionbridge Main Business Overview
11.4.5 Lionbridge Latest Developments
11.5 AWS
11.5.1 AWS Company Information
11.5.2 AWS Machine Translation Product Offered
11.5.3 AWS Machine Translation Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 AWS Main Business Overview
11.5.5 AWS Latest Developments
11.6 IBM
11.6.1 IBM Company Information
11.6.2 IBM Machine Translation Product Offered
11.6.3 IBM Machine Translation Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 IBM Main Business Overview
11.6.5 IBM Latest Developments
11.7 Omniscien Technologies
11.7.1 Omniscien Technologies Company Information
11.7.2 Omniscien Technologies Machine Translation Product Offered
11.7.3 Omniscien Technologies Machine Translation Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 Omniscien Technologies Main Business Overview
11.7.5 Omniscien Technologies Latest Developments
11.8 Baidu
11.8.1 Baidu Company Information
11.8.2 Baidu Machine Translation Product Offered
11.8.3 Baidu Machine Translation Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 Baidu Main Business Overview
11.8.5 Baidu Latest Developments
11.9 Tencent Cloud TMT
11.9.1 Tencent Cloud TMT Company Information
11.9.2 Tencent Cloud TMT Machine Translation Product Offered
11.9.3 Tencent Cloud TMT Machine Translation Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 Tencent Cloud TMT Main Business Overview
11.9.5 Tencent Cloud TMT Latest Developments
11.10 Alibaba Cloud
11.10.1 Alibaba Cloud Company Information
11.10.2 Alibaba Cloud Machine Translation Product Offered
11.10.3 Alibaba Cloud Machine Translation Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 Alibaba Cloud Main Business Overview
11.10.5 Alibaba Cloud Latest Developments
11.11 KantanAI
11.11.1 KantanAI Company Information
11.11.2 KantanAI Machine Translation Product Offered
11.11.3 KantanAI Machine Translation Revenue, Gross Margin and Market Share (2019-2024)
11.11.4 KantanAI Main Business Overview
11.11.5 KantanAI Latest Developments
11.12 Smart Communications, Inc.
11.12.1 Smart Communications, Inc. Company Information
11.12.2 Smart Communications, Inc. Machine Translation Product Offered
11.12.3 Smart Communications, Inc. Machine Translation Revenue, Gross Margin and Market Share (2019-2024)
11.12.4 Smart Communications, Inc. Main Business Overview
11.12.5 Smart Communications, Inc. Latest Developments
11.13 LLSOLLU
11.13.1 LLSOLLU Company Information
11.13.2 LLSOLLU Machine Translation Product Offered
11.13.3 LLSOLLU Machine Translation Revenue, Gross Margin and Market Share (2019-2024)
11.13.4 LLSOLLU Main Business Overview
11.13.5 LLSOLLU Latest Developments
12 Research Findings and Conclusion

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