Global Multilingual Machine Translation Market Research Report 2024

Publication ID:

PB505240378

Publication Date:

May 23, 2024

Pages:

Publisher:

MRRPB5

Countries:

Global [1]

USD 2,900.00

IT Services [2]

Computing & Electronics [3]

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 was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of %during the forecast period 2024-2030.
North American market for Multilingual Machine Translation is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Multilingual Machine Translation is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The global market for Multilingual Machine Translation in Global Communication is estimated to increase from $ million in 2023 to $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global companies of Multilingual Machine Translation include Google Translate, DeepL Translator, Bing Translator, SYSTRAN Translate, Reverso, Translate, PROMT.One, Collins Translator, ChatGPT, GTCOM, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Multilingual 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 Multilingual Machine Translation.
The Multilingual Machine Translation market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Multilingual Machine Translation market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Multilingual Machine Translation companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Google Translate
DeepL Translator
Bing Translator
SYSTRAN Translate
Reverso
Translate
PROMT.One
Collins Translator
ChatGPT
GTCOM
Deeptranx
Conveythis
HIX AI
MachineTranslation
Segment by Type
Rule-based Machine Translation
Statistical Machine Translation
Neural Machine Translation
Hybrid Machine Translation
Segment by Application
Global Communication
Literary Translation
Professional Translation
Technical Translation
Administrative Translation
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Multilingual Machine Translation company competitive landscape, revenue 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, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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, and capacity of each country in the world.
Chapter 11: 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 12: The main points and conclusions of the report.

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

Table Of Contents:

1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Multilingual Machine Translation Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Rule-based Machine Translation
1.2.3 Statistical Machine Translation
1.2.4 Neural Machine Translation
1.2.5 Hybrid Machine Translation
1.3 Market by Application
1.3.1 Global Multilingual Machine Translation Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Global Communication
1.3.3 Literary Translation
1.3.4 Professional Translation
1.3.5 Technical Translation
1.3.6 Administrative Translation
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Multilingual Machine Translation Market Perspective (2019-2030)
2.2 Global Multilingual Machine Translation Growth Trends by Region
2.2.1 Global Multilingual Machine Translation Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Multilingual Machine Translation Historic Market Size by Region (2019-2024)
2.2.3 Multilingual Machine Translation Forecasted Market Size by Region (2025-2030)
2.3 Multilingual Machine Translation Market Dynamics
2.3.1 Multilingual Machine Translation Industry Trends
2.3.2 Multilingual Machine Translation Market Drivers
2.3.3 Multilingual Machine Translation Market Challenges
2.3.4 Multilingual Machine Translation Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Multilingual Machine Translation Players by Revenue
3.1.1 Global Top Multilingual Machine Translation Players by Revenue (2019-2024)
3.1.2 Global Multilingual Machine Translation Revenue Market Share by Players (2019-2024)
3.2 Global Multilingual Machine Translation Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by Multilingual Machine Translation Revenue
3.4 Global Multilingual Machine Translation Market Concentration Ratio
3.4.1 Global Multilingual Machine Translation Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Multilingual Machine Translation Revenue in 2023
3.5 Global Key Players of Multilingual Machine Translation Head office and Area Served
3.6 Global Key Players of Multilingual Machine Translation, Product and Application
3.7 Global Key Players of Multilingual Machine Translation, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Multilingual Machine Translation Breakdown Data by Type
4.1 Global Multilingual Machine Translation Historic Market Size by Type (2019-2024)
4.2 Global Multilingual Machine Translation Forecasted Market Size by Type (2025-2030)
5 Multilingual Machine Translation Breakdown Data by Application
5.1 Global Multilingual Machine Translation Historic Market Size by Application (2019-2024)
5.2 Global Multilingual Machine Translation Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Multilingual Machine Translation Market Size (2019-2030)
6.2 North America Multilingual Machine Translation Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Multilingual Machine Translation Market Size by Country (2019-2024)
6.4 North America Multilingual Machine Translation Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Multilingual Machine Translation Market Size (2019-2030)
7.2 Europe Multilingual Machine Translation Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Multilingual Machine Translation Market Size by Country (2019-2024)
7.4 Europe Multilingual Machine Translation Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Multilingual Machine Translation Market Size (2019-2030)
8.2 Asia-Pacific Multilingual Machine Translation Market Growth Rate by Country: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Multilingual Machine Translation Market Size by Region (2019-2024)
8.4 Asia-Pacific Multilingual Machine Translation Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Multilingual Machine Translation Market Size (2019-2030)
9.2 Latin America Multilingual Machine Translation Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Multilingual Machine Translation Market Size by Country (2019-2024)
9.4 Latin America Multilingual Machine Translation Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Multilingual Machine Translation Market Size (2019-2030)
10.2 Middle East & Africa Multilingual Machine Translation Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Multilingual Machine Translation Market Size by Country (2019-2024)
10.4 Middle East & Africa Multilingual Machine Translation Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Google Translate
11.1.1 Google Translate Company Details
11.1.2 Google Translate Business Overview
11.1.3 Google Translate Multilingual Machine Translation Introduction
11.1.4 Google Translate Revenue in Multilingual Machine Translation Business (2019-2024)
11.1.5 Google Translate Recent Development
11.2 DeepL Translator
11.2.1 DeepL Translator Company Details
11.2.2 DeepL Translator Business Overview
11.2.3 DeepL Translator Multilingual Machine Translation Introduction
11.2.4 DeepL Translator Revenue in Multilingual Machine Translation Business (2019-2024)
11.2.5 DeepL Translator Recent Development
11.3 Bing Translator
11.3.1 Bing Translator Company Details
11.3.2 Bing Translator Business Overview
11.3.3 Bing Translator Multilingual Machine Translation Introduction
11.3.4 Bing Translator Revenue in Multilingual Machine Translation Business (2019-2024)
11.3.5 Bing Translator Recent Development
11.4 SYSTRAN Translate
11.4.1 SYSTRAN Translate Company Details
11.4.2 SYSTRAN Translate Business Overview
11.4.3 SYSTRAN Translate Multilingual Machine Translation Introduction
11.4.4 SYSTRAN Translate Revenue in Multilingual Machine Translation Business (2019-2024)
11.4.5 SYSTRAN Translate Recent Development
11.5 Reverso
11.5.1 Reverso Company Details
11.5.2 Reverso Business Overview
11.5.3 Reverso Multilingual Machine Translation Introduction
11.5.4 Reverso Revenue in Multilingual Machine Translation Business (2019-2024)
11.5.5 Reverso Recent Development
11.6 Translate
11.6.1 Translate Company Details
11.6.2 Translate Business Overview
11.6.3 Translate Multilingual Machine Translation Introduction
11.6.4 Translate Revenue in Multilingual Machine Translation Business (2019-2024)
11.6.5 Translate Recent Development
11.7 PROMT.One
11.7.1 PROMT.One Company Details
11.7.2 PROMT.One Business Overview
11.7.3 PROMT.One Multilingual Machine Translation Introduction
11.7.4 PROMT.One Revenue in Multilingual Machine Translation Business (2019-2024)
11.7.5 PROMT.One Recent Development
11.8 Collins Translator
11.8.1 Collins Translator Company Details
11.8.2 Collins Translator Business Overview
11.8.3 Collins Translator Multilingual Machine Translation Introduction
11.8.4 Collins Translator Revenue in Multilingual Machine Translation Business (2019-2024)
11.8.5 Collins Translator Recent Development
11.9 ChatGPT
11.9.1 ChatGPT Company Details
11.9.2 ChatGPT Business Overview
11.9.3 ChatGPT Multilingual Machine Translation Introduction
11.9.4 ChatGPT Revenue in Multilingual Machine Translation Business (2019-2024)
11.9.5 ChatGPT Recent Development
11.10 GTCOM
11.10.1 GTCOM Company Details
11.10.2 GTCOM Business Overview
11.10.3 GTCOM Multilingual Machine Translation Introduction
11.10.4 GTCOM Revenue in Multilingual Machine Translation Business (2019-2024)
11.10.5 GTCOM Recent Development
11.11 Deeptranx
11.11.1 Deeptranx Company Details
11.11.2 Deeptranx Business Overview
11.11.3 Deeptranx Multilingual Machine Translation Introduction
11.11.4 Deeptranx Revenue in Multilingual Machine Translation Business (2019-2024)
11.11.5 Deeptranx Recent Development
11.12 Conveythis
11.12.1 Conveythis Company Details
11.12.2 Conveythis Business Overview
11.12.3 Conveythis Multilingual Machine Translation Introduction
11.12.4 Conveythis Revenue in Multilingual Machine Translation Business (2019-2024)
11.12.5 Conveythis Recent Development
11.13 HIX AI
11.13.1 HIX AI Company Details
11.13.2 HIX AI Business Overview
11.13.3 HIX AI Multilingual Machine Translation Introduction
11.13.4 HIX AI Revenue in Multilingual Machine Translation Business (2019-2024)
11.13.5 HIX AI Recent Development
11.14 MachineTranslation
11.14.1 MachineTranslation Company Details
11.14.2 MachineTranslation Business Overview
11.14.3 MachineTranslation Multilingual Machine Translation Introduction
11.14.4 MachineTranslation Revenue in Multilingual Machine Translation Business (2019-2024)
11.14.5 MachineTranslation Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer

Companies Mentioned:

Google Translate
DeepL Translator
Bing Translator
SYSTRAN Translate
Reverso
Translate
PROMT.One
Collins Translator
ChatGPT
GTCOM
Deeptranx
Conveythis
HIX AI
MachineTranslation

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