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Global Machine Translation Market Research Report 2024

Global Machine Translation Market Research Report 2024

Publishing Date : Feb, 2024

License Type :
 

Report Code : 1715290

No of Pages : 84

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Synopsis

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.

The global Machine Translation market was valued at US$ 487.1 million in 2023 and is anticipated to reach US$ 1098.8 million by 2030, witnessing a CAGR of 12.5% during the forecast period 2024-2030.

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.

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.

Report Scope

The Machine Translation market size, estimations, and forecasts are provided in terms of 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 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 Machine Translation companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price 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 (Partial List)

  • Google
  • RWS
  • Microsoft
  • Lionbridge
  • AWS
  • IBM
  • Omniscien Technologies
  • Baidu
  • Tencent Cloud TMT
  • Alibaba Cloud
  • KantanAI
  • Smart Communications, Inc.
  • LLSOLLU

Segment by Type

  • Cloud
  • On Premise

Segment by Application

  • B-end Customer
  • C-end Customer
  • Government and Defense

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)

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 Machine Translation companies’ 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.

Index

1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Machine Translation Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Cloud
1.2.3 On Premise
1.3 Market by Application
1.3.1 Global Machine Translation Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 B-end Customer
1.3.3 C-end Customer
1.3.4 Government and Defense
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Machine Translation Market Perspective (2019-2030)
2.2 Machine Translation Growth Trends by Region
2.2.1 Global Machine Translation Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Machine Translation Historic Market Size by Region (2019-2024)
2.2.3 Machine Translation Forecasted Market Size by Region (2025-2030)
2.3 Machine Translation Market Dynamics
2.3.1 Machine Translation Industry Trends
2.3.2 Machine Translation Market Drivers
2.3.3 Machine Translation Market Challenges
2.3.4 Machine Translation Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Machine Translation Players by Revenue
3.1.1 Global Top Machine Translation Players by Revenue (2019-2024)
3.1.2 Global Machine Translation Revenue Market Share by Players (2019-2024)
3.2 Global Machine Translation Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Machine Translation Revenue
3.4 Global Machine Translation Market Concentration Ratio
3.4.1 Global Machine Translation Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Machine Translation Revenue in 2023
3.5 Machine Translation Key Players Head office and Area Served
3.6 Key Players Machine Translation Product Solution and Service
3.7 Date of Enter into Machine Translation Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Machine Translation Breakdown Data by Type
4.1 Global Machine Translation Historic Market Size by Type (2019-2024)
4.2 Global Machine Translation Forecasted Market Size by Type (2025-2030)
5 Machine Translation Breakdown Data by Application
5.1 Global Machine Translation Historic Market Size by Application (2019-2024)
5.2 Global Machine Translation Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Machine Translation Market Size (2019-2030)
6.2 North America Machine Translation Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Machine Translation Market Size by Country (2019-2024)
6.4 North America Machine Translation Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Machine Translation Market Size (2019-2030)
7.2 Europe Machine Translation Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Machine Translation Market Size by Country (2019-2024)
7.4 Europe 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 Machine Translation Market Size (2019-2030)
8.2 Asia-Pacific Machine Translation Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Machine Translation Market Size by Region (2019-2024)
8.4 Asia-Pacific 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 Machine Translation Market Size (2019-2030)
9.2 Latin America Machine Translation Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Machine Translation Market Size by Country (2019-2024)
9.4 Latin America Machine Translation Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Machine Translation Market Size (2019-2030)
10.2 Middle East & Africa Machine Translation Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Machine Translation Market Size by Country (2019-2024)
10.4 Middle East & Africa 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
11.1.1 Google Company Detail
11.1.2 Google Business Overview
11.1.3 Google Machine Translation Introduction
11.1.4 Google Revenue in Machine Translation Business (2019-2024)
11.1.5 Google Recent Development
11.2 RWS
11.2.1 RWS Company Detail
11.2.2 RWS Business Overview
11.2.3 RWS Machine Translation Introduction
11.2.4 RWS Revenue in Machine Translation Business (2019-2024)
11.2.5 RWS Recent Development
11.3 Microsoft
11.3.1 Microsoft Company Detail
11.3.2 Microsoft Business Overview
11.3.3 Microsoft Machine Translation Introduction
11.3.4 Microsoft Revenue in Machine Translation Business (2019-2024)
11.3.5 Microsoft Recent Development
11.4 Lionbridge
11.4.1 Lionbridge Company Detail
11.4.2 Lionbridge Business Overview
11.4.3 Lionbridge Machine Translation Introduction
11.4.4 Lionbridge Revenue in Machine Translation Business (2019-2024)
11.4.5 Lionbridge Recent Development
11.5 AWS
11.5.1 AWS Company Detail
11.5.2 AWS Business Overview
11.5.3 AWS Machine Translation Introduction
11.5.4 AWS Revenue in Machine Translation Business (2019-2024)
11.5.5 AWS Recent Development
11.6 IBM
11.6.1 IBM Company Detail
11.6.2 IBM Business Overview
11.6.3 IBM Machine Translation Introduction
11.6.4 IBM Revenue in Machine Translation Business (2019-2024)
11.6.5 IBM Recent Development
11.7 Omniscien Technologies
11.7.1 Omniscien Technologies Company Detail
11.7.2 Omniscien Technologies Business Overview
11.7.3 Omniscien Technologies Machine Translation Introduction
11.7.4 Omniscien Technologies Revenue in Machine Translation Business (2019-2024)
11.7.5 Omniscien Technologies Recent Development
11.8 Baidu
11.8.1 Baidu Company Detail
11.8.2 Baidu Business Overview
11.8.3 Baidu Machine Translation Introduction
11.8.4 Baidu Revenue in Machine Translation Business (2019-2024)
11.8.5 Baidu Recent Development
11.9 Tencent Cloud TMT
11.9.1 Tencent Cloud TMT Company Detail
11.9.2 Tencent Cloud TMT Business Overview
11.9.3 Tencent Cloud TMT Machine Translation Introduction
11.9.4 Tencent Cloud TMT Revenue in Machine Translation Business (2019-2024)
11.9.5 Tencent Cloud TMT Recent Development
11.10 Alibaba Cloud
11.10.1 Alibaba Cloud Company Detail
11.10.2 Alibaba Cloud Business Overview
11.10.3 Alibaba Cloud Machine Translation Introduction
11.10.4 Alibaba Cloud Revenue in Machine Translation Business (2019-2024)
11.10.5 Alibaba Cloud Recent Development
11.11 KantanAI
11.11.1 KantanAI Company Detail
11.11.2 KantanAI Business Overview
11.11.3 KantanAI Machine Translation Introduction
11.11.4 KantanAI Revenue in Machine Translation Business (2019-2024)
11.11.5 KantanAI Recent Development
11.12 Smart Communications, Inc.
11.12.1 Smart Communications, Inc. Company Detail
11.12.2 Smart Communications, Inc. Business Overview
11.12.3 Smart Communications, Inc. Machine Translation Introduction
11.12.4 Smart Communications, Inc. Revenue in Machine Translation Business (2019-2024)
11.12.5 Smart Communications, Inc. Recent Development
11.13 LLSOLLU
11.13.1 LLSOLLU Company Detail
11.13.2 LLSOLLU Business Overview
11.13.3 LLSOLLU Machine Translation Introduction
11.13.4 LLSOLLU Revenue in Machine Translation Business (2019-2024)
11.13.5 LLSOLLU Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details

Published By : QY Research

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