Global Machine Translation (MT) Market 2024 by Company, Regions, Type and Application, Forecast to 2030

Global Machine Translation (MT) Market 2024 by Company, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Machine Translation (MT) market size was valued at USD 126.7 million in 2023 and is forecast to a readjusted size of USD 162.6 million by 2030 with a CAGR of 3.6% during review period.

Machine translation (MT) refers to fully automated software that can translate source content into target languages. Humans may use MT to help them render text and speech into another language, or the MT software may operate without human intervention. MT tools are often used to translate vast amounts of information involving millions of words that could not possibly be translated the traditional way. The quality of MT output can vary considerably; MT systems require “training” in the desired domain and language pair to increase quality. Translation companies use MT to augment productivity of their translators, cut costs, and provide post-editing services to clients. MT use by language service providers is growing quickly. In 2016, SDL—one of the largest translation companies in the world—announced it translates 20 times more content with MT than with human teams.

The Global Info Research report includes an overview of the development of the Machine Translation (MT) industry chain, the market status of Healthcare (Generic MT, Customizable MT), Automotive (Generic MT, Customizable MT), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Machine Translation (MT).

Regionally, the report analyzes the Machine Translation (MT) markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Machine Translation (MT) market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Machine Translation (MT) market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Machine Translation (MT) industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., Generic MT, Customizable MT).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Machine Translation (MT) market.

Regional Analysis: The report involves examining the Machine Translation (MT) market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Machine Translation (MT) market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Machine Translation (MT):

Company Analysis: Report covers individual Machine Translation (MT) players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Machine Translation (MT) This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Healthcare, Automotive).

Technology Analysis: Report covers specific technologies relevant to Machine Translation (MT). It assesses the current state, advancements, and potential future developments in Machine Translation (MT) areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Machine Translation (MT) market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Machine Translation (MT) 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.

Market segment by Type
Generic MT
Customizable MT
Adaptive MT

Market segment by Application
Healthcare
Automotive
Military & Defense
IT
Others

Market segment by players, this report covers
Google Translate
Microsoft Translator / Bing
SDL BeGlobal
Yandex Translate
Amazon Web Services translator
Naver
IBM - Watson Language Translator
Automatic Trans
BABYLON
CCID TransTech
CSLi
East Linden
Eleka Ingeniaritza Linguistikoa
GrammarSoft ApS
Iconic Translation Machines
K2E-PAT
KantanMT
Kodensha

Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe Machine Translation (MT) product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of Machine Translation (MT), with revenue, gross margin and global market share of Machine Translation (MT) from 2019 to 2024.

Chapter 3, the Machine Translation (MT) competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2019 to 2030.

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Machine Translation (MT) market forecast, by regions, type and application, with consumption value, from 2025 to 2030.

Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 12, the key raw materials and key suppliers, and industry chain of Machine Translation (MT).

Chapter 13, to describe Machine Translation (MT) research findings and conclusion.