Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Machine Translation estimated was at US$ 487.11 million in the year 2022, is projected to reach a revised size of US$ 1.10 billion by 2029, growing at a CAGR of 12.46% during the forecast period 2023-2029.
North American market for Machine Translation was valued at $ 272.45 million in 2022 and will reach $ 610.35 million by 2029, at a CAGR of 12.35% during the forecast period of 2023 through 2029.
Asia-Pacific market for Machine Translation was valued at $ 99.66 million in 2022 and will reach $ 232.62 million by 2029, at a CAGR of 13.05% during the forecast period of 2023 through 2029.
Europe market for Machine Translation was valued at $ 97.86 million in 2022 and will reach $ 221.00 million by 2029, at a CAGR of 12.62% during the forecast period of 2023 through 2029.
Report Scope
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.
The Machine Translation market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2021 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Machine Translation market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Machine Translation market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
Market Segmentation
This report covers the Machine Translation segments by company, by Type, by Application, by region and country, and provides market size and CAGR for the history and forecast period (2018-2023, 2024-2029), considering 2022 as the base year. It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
By Company
- Google
- RWS Group
- Microsoft
- Lionbridge Technologies, Inc.
- AWS (Amazon.com, Inc.)
- IBM
- Omniscien Technologies
- Baidu
- Tencent Cloud TMT
Segment by Type
Segment by Application
- C-end Customer
- B-end Customer
- Government and Defense
By Region
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- China
- Japan
- Korea
- India
- Southeast Asia
- Others
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Others
Core Chapters
- Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of Machine Translation companies's competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
- Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
- Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
- Chapter Eleven: 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 Twelve: Research Finding/Conclusion
Table of Contents
1 Market Overview of Machine Translation
- 1.1 Machine Translation Market Overview
- 1.1.1 Machine Translation Product Scope
- 1.1.2 Machine Translation Market Status and Outlook
- 1.2 Global Machine Translation Market Size Overview by Region 2018 VS 2022 VS 2029
- 1.3 Global Machine Translation Market Size by Region (2018-2029)
- 1.4 Global Machine Translation Historic Market Size by Region (2018-2023)
- 1.5 Global Machine Translation Market Size Forecast by Region (2024-2029)
- 1.6 Key Regions Machine Translation Market Size (2018-2029)
- 1.6.1 North America Machine Translation Market Size (2018-2029)
- 1.6.2 Europe Machine Translation Market Size (2018-2029)
- 1.6.3 Asia-Pacific Machine Translation Market Size (2018-2029)
- 1.6.4 Latin America Machine Translation Market Size (2018-2029)
- 1.6.5 Middle East & Africa Machine Translation Market Size (2018-2029)
2 Machine Translation Market Overview by Type
- 2.1 Global Machine Translation Market Size by Type: 2018 VS 2022 VS 2029
- 2.2 Global Machine Translation Historic Market Size by Type (2018-2023)
- 2.3 Global Machine Translation Forecasted Market Size by Type (2024-2029)
- 2.4 On Premise
- 2.5 Cloud
3 Machine Translation Market Overview by Application
- 3.1 Global Machine Translation Market Size by Application: 2018 VS 2022 VS 2029
- 3.2 Global Machine Translation Historic Market Size by Application (2018-2023)
- 3.3 Global Machine Translation Forecasted Market Size by Application (2024-2029)
- 3.4 C-end Customer
- 3.5 B-end Customer
- 3.6 Government and Defense
4 Machine Translation Competition Analysis by Players
- 4.1 Global Machine Translation Market Size by Players (2018-2023)
- 4.2 Global Top Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Machine Translation as of 2022)
- 4.3 Global Key Players of Machine Translation Head office and Area Served
- 4.4 Global Key Players of Machine Translation Product Type
- 4.5 Establish Date of Global Machine Translation Key Players
- 4.6 Competitive Status
- 4.6.1 Machine Translation Market Concentration Rate
- 4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
- 5.1 Google
- 5.1.1 Google Profile
- 5.1.2 Google Main Business
- 5.1.3 Google Machine Translation Products, Services and Solutions
- 5.1.4 Google Machine Translation Revenue (US$ Million) & (2018-2023)
- 5.2 RWS
- 5.2.1 RWS Profile
- 5.2.2 RWS Main Business
- 5.2.3 RWS Machine Translation Products, Services and Solutions
- 5.2.4 RWS Machine Translation Revenue (US$ Million) & (2018-2023)
- 5.3 Microsoft
- 5.3.1 Microsoft Profile
- 5.3.2 Microsoft Main Business
- 5.3.3 Microsoft Machine Translation Products, Services and Solutions
- 5.3.4 Microsoft Machine Translation Revenue (US$ Million) & (2018-2023)
- 5.4 Lionbridge Technologies
- 5.4.1 Lionbridge Technologies Profile
- 5.4.2 Lionbridge Technologies Main Business
- 5.4.3 Lionbridge Technologies Machine Translation Products, Services and Solutions
- 5.4.4 Lionbridge Technologies Machine Translation Revenue (US$ Million) & (2018-2023)
- 5.5 AWS (Amazon.com, Inc.)
- 5.5.1 AWS (Amazon.com, Inc.) Profile
- 5.5.2 AWS (Amazon.com, Inc.) Main Business
- 5.5.3 AWS (Amazon.com, Inc.) Machine Translation Products, Services and Solutions
- 5.5.4 AWS (Amazon.com, Inc.) Machine Translation Revenue (US$ Million) & (2018-2023)
- 5.6 IBM
- 5.6.1 IBM Profile
- 5.6.2 IBM Main Business
- 5.6.3 IBM Machine Translation Products, Services and Solutions
- 5.6.4 IBM Machine Translation Revenue (US$ Million) & (2018-2023)
- 5.7 Omniscien Technologies
- 5.7.1 Omniscien Technologies Profile
- 5.7.2 Omniscien Technologies Main Business
- 5.7.3 Omniscien Technologies Machine Translation Products, Services and Solutions
- 5.7.4 Omniscien Technologies Machine Translation Revenue (US$ Million) & (2018-2023)
- 5.8 Baidu
- 5.8.1 Baidu Profile
- 5.8.2 Baidu Main Business
- 5.8.3 Baidu Machine Translation Products, Services and Solutions
- 5.8.4 Baidu Machine Translation Revenue (US$ Million) & (2018-2023)
- 5.9 Tencent Cloud TMT
- 5.9.1 Tencent Cloud TMT Profile
- 5.9.2 Tencent Cloud TMT Main Business
- 5.9.3 Tencent Cloud TMT Machine Translation Products, Services and Solutions
- 5.9.4 Tencent Cloud TMT Machine Translation Revenue (US$ Million) & (2018-2023)
6 North America
- 6.1 North America Machine Translation Market Size by Country (2018-2029)
- 6.2 United States
- 6.3 Canada
- 6.4 Mexico
7 Europe
- 7.1 Europe Machine Translation Market Size by Country (2018-2029)
- 7.2 Germany
- 7.3 France
- 7.4 U.K.
- 7.5 Italy
- 7.6 Spain
- 7.7 Rest of Europe
8 Asia-Pacific
- 8.1 Asia-Pacific Machine Translation Market Size by Region (2018-2029)
- 8.2 China
- 8.3 Japan
- 8.4 South Korea
- 8.5 Southeast Asia
- 8.6 India
- 8.7 Rest of Asia-Pacific
9 Latin America
- 9.1 Latin America Machine Translation Market Size by Country (2018-2029)
- 9.2 Brazil
- 9.3 Argentina
- 9.4 Rest of Latin America
10 Middle East & Africa
- 10.1 Middle East & Africa Machine Translation Market Size by Country
- 10.2 Middle East
- 10.3 Africa
11 Machine Translation Market Dynamics
- 11.1 Machine Translation Industry Trends
- 11.2 Machine Translation Market Drivers
- 11.3 Machine Translation Market Challenges
- 11.4 Machine Translation Market Restraints
12 Research Finding/Conclusion
13 Methodology and Data Source
- 13.1 Methodology/Research Approach
- 13.1.1 Research Programs/Design
- 13.1.2 Market Size Estimation
- 13.1.3 Market Breakdown and Data Triangulation
- 13.2 Data Source
- 13.2.1 Secondary Sources
- 13.2.2 Primary Sources
- 13.3 Author List
- 13.4 Disclaimer