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

Publication ID:

LPI07243329

Publication Date:

July 3, 2024

Pages:

110

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

IT Services [2]

Software [3]

Computing & Electronics [4]

Description:

Recently, due to the successful application of end-to-end deep learning methods, the quality of translation services has been improved by neural machine translation technology. However, as the machine translation systems greatly depend on data quality and quantity, the performance of low-resource languages (languages with a small number of available parallel corpora) or even zero-resource languages does not output well compared to rich-resource languages. In order to alleviate the scarcity of corpus in low-resource languages and specific fields, a many-to-one translation mechanism is introduced and used in generating pseudo-parallel corpus (multilingual machine translation). As the machine translation training model continues to undergo iterative optimization, the translation quality improves further.
The global Multilingual Machine Translation market size is projected to grow from US$ million in 2024 to US$ million in 2030; it is expected to grow at a CAGR of %from 2024 to 2030.
The 鈥淢ultilingual Machine Translation Industry Forecast鈥� looks at past sales and reviews total world Multilingual Machine Translation sales in 2022, providing a comprehensive analysis by region and market sector of projected Multilingual Machine Translation sales for 2023 through 2029. With Multilingual Machine Translation sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Multilingual Machine Translation industry.
This Insight Report provides a comprehensive analysis of the global Multilingual Machine Translation landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Multilingual Machine Translation portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Multilingual Machine Translation market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Multilingual Machine Translation and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Multilingual Machine Translation.
United States market for Multilingual Machine Translation is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
China market for Multilingual Machine Translation is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
Europe market for Multilingual Machine Translation is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
Global key Multilingual Machine Translation players cover Google Translate, DeepL Translator, Bing Translator, SYSTRAN Translate, Reverso, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2023.
This report presents a comprehensive overview, market shares, and growth opportunities of Multilingual Machine Translation market by product type, application, key players and key regions and countries.
Segmentation by Type:
Rule-based Machine Translation
Statistical Machine Translation
Neural Machine Translation
Hybrid Machine Translation
Segmentation by Application:
Global Communication
Literary Translation
Professional Translation
Technical Translation
Administrative Translation
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
Segmentation by Type:
Rule-based Machine Translation
Statistical Machine Translation
Neural Machine Translation
Hybrid Machine Translation
Segmentation by Application:
Global Communication
Literary Translation
Professional Translation
Technical Translation
Administrative Translation
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 Translate
DeepL Translator
Bing Translator
SYSTRAN Translate
Reverso
Translate
PROMT.One
Collins Translator
ChatGPT
GTCOM
Deeptranx
Conveythis
HIX AI
MachineTranslation

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 Multilingual Machine Translation Market Size 2019-2030
2.1.2 Multilingual Machine Translation Market Size CAGR by Region (2019 VS 2023 VS 2030)
2.1.3 World Current & Future Analysis for Multilingual Machine Translation by Country/Region, 2019, 2023 & 2030
2.2 Multilingual Machine Translation Segment by Type
2.2.1 Rule-based Machine Translation
2.2.2 Statistical Machine Translation
2.2.3 Neural Machine Translation
2.2.4 Hybrid Machine Translation
2.3 Multilingual Machine Translation Market Size by Type
2.3.1 Multilingual Machine Translation Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Multilingual Machine Translation Market Size Market Share by Type (2019-2024)
2.4 Multilingual Machine Translation Segment by Application
2.4.1 Global Communication
2.4.2 Literary Translation
2.4.3 Professional Translation
2.4.4 Technical Translation
2.4.5 Administrative Translation
2.5 Multilingual Machine Translation Market Size by Application
2.5.1 Multilingual Machine Translation Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Multilingual Machine Translation Market Size Market Share by Application (2019-2024)
3 Multilingual Machine Translation Market Size by Player
3.1 Multilingual Machine Translation Market Size Market Share by Player
3.1.1 Global Multilingual Machine Translation Revenue by Player (2019-2024)
3.1.2 Global Multilingual Machine Translation Revenue Market Share by Player (2019-2024)
3.2 Global Multilingual 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 Multilingual Machine Translation by Region
4.1 Multilingual Machine Translation Market Size by Region (2019-2024)
4.2 Global Multilingual Machine Translation Annual Revenue by Country/Region (2019-2024)
4.3 Americas Multilingual Machine Translation Market Size Growth (2019-2024)
4.4 APAC Multilingual Machine Translation Market Size Growth (2019-2024)
4.5 Europe Multilingual Machine Translation Market Size Growth (2019-2024)
4.6 Middle East & Africa Multilingual Machine Translation Market Size Growth (2019-2024)
5 Americas
5.1 Americas Multilingual Machine Translation Market Size by Country (2019-2024)
5.2 Americas Multilingual Machine Translation Market Size by Type (2019-2024)
5.3 Americas Multilingual 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 Multilingual Machine Translation Market Size by Region (2019-2024)
6.2 APAC Multilingual Machine Translation Market Size by Type (2019-2024)
6.3 APAC Multilingual Machine Translation Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Multilingual Machine Translation Market Size by Country (2019-2024)
7.2 Europe Multilingual Machine Translation Market Size by Type (2019-2024)
7.3 Europe Multilingual 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 Multilingual Machine Translation by Region (2019-2024)
8.2 Middle East & Africa Multilingual Machine Translation Market Size by Type (2019-2024)
8.3 Middle East & Africa Multilingual 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 Multilingual Machine Translation Market Forecast
10.1 Global Multilingual Machine Translation Forecast by Region (2025-2030)
10.1.1 Global Multilingual Machine Translation Forecast by Region (2025-2030)
10.1.2 Americas Multilingual Machine Translation Forecast
10.1.3 APAC Multilingual Machine Translation Forecast
10.1.4 Europe Multilingual Machine Translation Forecast
10.1.5 Middle East & Africa Multilingual Machine Translation Forecast
10.2 Americas Multilingual Machine Translation Forecast by Country (2025-2030)
10.2.1 United States Market Multilingual Machine Translation Forecast
10.2.2 Canada Market Multilingual Machine Translation Forecast
10.2.3 Mexico Market Multilingual Machine Translation Forecast
10.2.4 Brazil Market Multilingual Machine Translation Forecast
10.3 APAC Multilingual Machine Translation Forecast by Region (2025-2030)
10.3.1 China Multilingual Machine Translation Market Forecast
10.3.2 Japan Market Multilingual Machine Translation Forecast
10.3.3 Korea Market Multilingual Machine Translation Forecast
10.3.4 Southeast Asia Market Multilingual Machine Translation Forecast
10.3.5 India Market Multilingual Machine Translation Forecast
10.3.6 Australia Market Multilingual Machine Translation Forecast
10.4 Europe Multilingual Machine Translation Forecast by Country (2025-2030)
10.4.1 Germany Market Multilingual Machine Translation Forecast
10.4.2 France Market Multilingual Machine Translation Forecast
10.4.3 UK Market Multilingual Machine Translation Forecast
10.4.4 Italy Market Multilingual Machine Translation Forecast
10.4.5 Russia Market Multilingual Machine Translation Forecast
10.5 Middle East & Africa Multilingual Machine Translation Forecast by Region (2025-2030)
10.5.1 Egypt Market Multilingual Machine Translation Forecast
10.5.2 South Africa Market Multilingual Machine Translation Forecast
10.5.3 Israel Market Multilingual Machine Translation Forecast
10.5.4 Turkey Market Multilingual Machine Translation Forecast
10.6 Global Multilingual Machine Translation Forecast by Type (2025-2030)
10.7 Global Multilingual Machine Translation Forecast by Application (2025-2030)
10.7.1 GCC Countries Market Multilingual Machine Translation Forecast
11 Key Players Analysis
11.1 Google Translate
11.1.1 Google Translate Company Information
11.1.2 Google Translate Multilingual Machine Translation Product Offered
11.1.3 Google Translate Multilingual Machine Translation Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 Google Translate Main Business Overview
11.1.5 Google Translate Latest Developments
11.2 DeepL Translator
11.2.1 DeepL Translator Company Information
11.2.2 DeepL Translator Multilingual Machine Translation Product Offered
11.2.3 DeepL Translator Multilingual Machine Translation Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 DeepL Translator Main Business Overview
11.2.5 DeepL Translator Latest Developments
11.3 Bing Translator
11.3.1 Bing Translator Company Information
11.3.2 Bing Translator Multilingual Machine Translation Product Offered
11.3.3 Bing Translator Multilingual Machine Translation Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 Bing Translator Main Business Overview
11.3.5 Bing Translator Latest Developments
11.4 SYSTRAN Translate
11.4.1 SYSTRAN Translate Company Information
11.4.2 SYSTRAN Translate Multilingual Machine Translation Product Offered
11.4.3 SYSTRAN Translate Multilingual Machine Translation Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 SYSTRAN Translate Main Business Overview
11.4.5 SYSTRAN Translate Latest Developments
11.5 Reverso
11.5.1 Reverso Company Information
11.5.2 Reverso Multilingual Machine Translation Product Offered
11.5.3 Reverso Multilingual Machine Translation Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 Reverso Main Business Overview
11.5.5 Reverso Latest Developments
11.6 Translate
11.6.1 Translate Company Information
11.6.2 Translate Multilingual Machine Translation Product Offered
11.6.3 Translate Multilingual Machine Translation Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 Translate Main Business Overview
11.6.5 Translate Latest Developments
11.7 PROMT.One
11.7.1 PROMT.One Company Information
11.7.2 PROMT.One Multilingual Machine Translation Product Offered
11.7.3 PROMT.One Multilingual Machine Translation Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 PROMT.One Main Business Overview
11.7.5 PROMT.One Latest Developments
11.8 Collins Translator
11.8.1 Collins Translator Company Information
11.8.2 Collins Translator Multilingual Machine Translation Product Offered
11.8.3 Collins Translator Multilingual Machine Translation Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 Collins Translator Main Business Overview
11.8.5 Collins Translator Latest Developments
11.9 ChatGPT
11.9.1 ChatGPT Company Information
11.9.2 ChatGPT Multilingual Machine Translation Product Offered
11.9.3 ChatGPT Multilingual Machine Translation Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 ChatGPT Main Business Overview
11.9.5 ChatGPT Latest Developments
11.10 GTCOM
11.10.1 GTCOM Company Information
11.10.2 GTCOM Multilingual Machine Translation Product Offered
11.10.3 GTCOM Multilingual Machine Translation Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 GTCOM Main Business Overview
11.10.5 GTCOM Latest Developments
11.11 Deeptranx
11.11.1 Deeptranx Company Information
11.11.2 Deeptranx Multilingual Machine Translation Product Offered
11.11.3 Deeptranx Multilingual Machine Translation Revenue, Gross Margin and Market Share (2019-2024)
11.11.4 Deeptranx Main Business Overview
11.11.5 Deeptranx Latest Developments
11.12 Conveythis
11.12.1 Conveythis Company Information
11.12.2 Conveythis Multilingual Machine Translation Product Offered
11.12.3 Conveythis Multilingual Machine Translation Revenue, Gross Margin and Market Share (2019-2024)
11.12.4 Conveythis Main Business Overview
11.12.5 Conveythis Latest Developments
11.13 HIX AI
11.13.1 HIX AI Company Information
11.13.2 HIX AI Multilingual Machine Translation Product Offered
11.13.3 HIX AI Multilingual Machine Translation Revenue, Gross Margin and Market Share (2019-2024)
11.13.4 HIX AI Main Business Overview
11.13.5 HIX AI Latest Developments
11.14 MachineTranslation
11.14.1 MachineTranslation Company Information
11.14.2 MachineTranslation Multilingual Machine Translation Product Offered
11.14.3 MachineTranslation Multilingual Machine Translation Revenue, Gross Margin and Market Share (2019-2024)
11.14.4 MachineTranslation Main Business Overview
11.14.5 MachineTranslation Latest Developments
12 Research Findings and Conclusion

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