Global Machine Translation Market Report, History and Forecast 2018-2029
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
On Premise
Cloud
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
Latin America
Brazil
Argentina
Others
Middle East & Africa
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’ 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
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
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