Report Detail

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

  • RnM4600627
  • |
  • 02 July, 2024
  • |
  • Global
  • |
  • 131 Pages
  • |
  • GIR (Global Info Research)
  • |
  • Service & Software

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.


1 Market Overview

  • 1.1 Product Overview and Scope of Machine Translation (MT)
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Classification of Machine Translation (MT) by Type
    • 1.3.1 Overview: Global Machine Translation (MT) Market Size by Type: 2019 Versus 2023 Versus 2030
    • 1.3.2 Global Machine Translation (MT) Consumption Value Market Share by Type in 2023
    • 1.3.3 Generic MT
    • 1.3.4 Customizable MT
    • 1.3.5 Adaptive MT
  • 1.4 Global Machine Translation (MT) Market by Application
    • 1.4.1 Overview: Global Machine Translation (MT) Market Size by Application: 2019 Versus 2023 Versus 2030
    • 1.4.2 Healthcare
    • 1.4.3 Automotive
    • 1.4.4 Military & Defense
    • 1.4.5 IT
    • 1.4.6 Others
  • 1.5 Global Machine Translation (MT) Market Size & Forecast
  • 1.6 Global Machine Translation (MT) Market Size and Forecast by Region
    • 1.6.1 Global Machine Translation (MT) Market Size by Region: 2019 VS 2023 VS 2030
    • 1.6.2 Global Machine Translation (MT) Market Size by Region, (2019-2030)
    • 1.6.3 North America Machine Translation (MT) Market Size and Prospect (2019-2030)
    • 1.6.4 Europe Machine Translation (MT) Market Size and Prospect (2019-2030)
    • 1.6.5 Asia-Pacific Machine Translation (MT) Market Size and Prospect (2019-2030)
    • 1.6.6 South America Machine Translation (MT) Market Size and Prospect (2019-2030)
    • 1.6.7 Middle East and Africa Machine Translation (MT) Market Size and Prospect (2019-2030)

2 Company Profiles

  • 2.1 Google Translate
    • 2.1.1 Google Translate Details
    • 2.1.2 Google Translate Major Business
    • 2.1.3 Google Translate Machine Translation (MT) Product and Solutions
    • 2.1.4 Google Translate Machine Translation (MT) Revenue, Gross Margin and Market Share (2019-2024)
    • 2.1.5 Google Translate Recent Developments and Future Plans
  • 2.2 Microsoft Translator / Bing
    • 2.2.1 Microsoft Translator / Bing Details
    • 2.2.2 Microsoft Translator / Bing Major Business
    • 2.2.3 Microsoft Translator / Bing Machine Translation (MT) Product and Solutions
    • 2.2.4 Microsoft Translator / Bing Machine Translation (MT) Revenue, Gross Margin and Market Share (2019-2024)
    • 2.2.5 Microsoft Translator / Bing Recent Developments and Future Plans
  • 2.3 SDL BeGlobal
    • 2.3.1 SDL BeGlobal Details
    • 2.3.2 SDL BeGlobal Major Business
    • 2.3.3 SDL BeGlobal Machine Translation (MT) Product and Solutions
    • 2.3.4 SDL BeGlobal Machine Translation (MT) Revenue, Gross Margin and Market Share (2019-2024)
    • 2.3.5 SDL BeGlobal Recent Developments and Future Plans
  • 2.4 Yandex Translate
    • 2.4.1 Yandex Translate Details
    • 2.4.2 Yandex Translate Major Business
    • 2.4.3 Yandex Translate Machine Translation (MT) Product and Solutions
    • 2.4.4 Yandex Translate Machine Translation (MT) Revenue, Gross Margin and Market Share (2019-2024)
    • 2.4.5 Yandex Translate Recent Developments and Future Plans
  • 2.5 Amazon Web Services translator
    • 2.5.1 Amazon Web Services translator Details
    • 2.5.2 Amazon Web Services translator Major Business
    • 2.5.3 Amazon Web Services translator Machine Translation (MT) Product and Solutions
    • 2.5.4 Amazon Web Services translator Machine Translation (MT) Revenue, Gross Margin and Market Share (2019-2024)
    • 2.5.5 Amazon Web Services translator Recent Developments and Future Plans
  • 2.6 Naver
    • 2.6.1 Naver Details
    • 2.6.2 Naver Major Business
    • 2.6.3 Naver Machine Translation (MT) Product and Solutions
    • 2.6.4 Naver Machine Translation (MT) Revenue, Gross Margin and Market Share (2019-2024)
    • 2.6.5 Naver Recent Developments and Future Plans
  • 2.7 IBM - Watson Language Translator
    • 2.7.1 IBM - Watson Language Translator Details
    • 2.7.2 IBM - Watson Language Translator Major Business
    • 2.7.3 IBM - Watson Language Translator Machine Translation (MT) Product and Solutions
    • 2.7.4 IBM - Watson Language Translator Machine Translation (MT) Revenue, Gross Margin and Market Share (2019-2024)
    • 2.7.5 IBM - Watson Language Translator Recent Developments and Future Plans
  • 2.8 Automatic Trans
    • 2.8.1 Automatic Trans Details
    • 2.8.2 Automatic Trans Major Business
    • 2.8.3 Automatic Trans Machine Translation (MT) Product and Solutions
    • 2.8.4 Automatic Trans Machine Translation (MT) Revenue, Gross Margin and Market Share (2019-2024)
    • 2.8.5 Automatic Trans Recent Developments and Future Plans
  • 2.9 BABYLON
    • 2.9.1 BABYLON Details
    • 2.9.2 BABYLON Major Business
    • 2.9.3 BABYLON Machine Translation (MT) Product and Solutions
    • 2.9.4 BABYLON Machine Translation (MT) Revenue, Gross Margin and Market Share (2019-2024)
    • 2.9.5 BABYLON Recent Developments and Future Plans
  • 2.10 CCID TransTech
    • 2.10.1 CCID TransTech Details
    • 2.10.2 CCID TransTech Major Business
    • 2.10.3 CCID TransTech Machine Translation (MT) Product and Solutions
    • 2.10.4 CCID TransTech Machine Translation (MT) Revenue, Gross Margin and Market Share (2019-2024)
    • 2.10.5 CCID TransTech Recent Developments and Future Plans
  • 2.11 CSLi
    • 2.11.1 CSLi Details
    • 2.11.2 CSLi Major Business
    • 2.11.3 CSLi Machine Translation (MT) Product and Solutions
    • 2.11.4 CSLi Machine Translation (MT) Revenue, Gross Margin and Market Share (2019-2024)
    • 2.11.5 CSLi Recent Developments and Future Plans
  • 2.12 East Linden
    • 2.12.1 East Linden Details
    • 2.12.2 East Linden Major Business
    • 2.12.3 East Linden Machine Translation (MT) Product and Solutions
    • 2.12.4 East Linden Machine Translation (MT) Revenue, Gross Margin and Market Share (2019-2024)
    • 2.12.5 East Linden Recent Developments and Future Plans
  • 2.13 Eleka Ingeniaritza Linguistikoa
    • 2.13.1 Eleka Ingeniaritza Linguistikoa Details
    • 2.13.2 Eleka Ingeniaritza Linguistikoa Major Business
    • 2.13.3 Eleka Ingeniaritza Linguistikoa Machine Translation (MT) Product and Solutions
    • 2.13.4 Eleka Ingeniaritza Linguistikoa Machine Translation (MT) Revenue, Gross Margin and Market Share (2019-2024)
    • 2.13.5 Eleka Ingeniaritza Linguistikoa Recent Developments and Future Plans
  • 2.14 GrammarSoft ApS
    • 2.14.1 GrammarSoft ApS Details
    • 2.14.2 GrammarSoft ApS Major Business
    • 2.14.3 GrammarSoft ApS Machine Translation (MT) Product and Solutions
    • 2.14.4 GrammarSoft ApS Machine Translation (MT) Revenue, Gross Margin and Market Share (2019-2024)
    • 2.14.5 GrammarSoft ApS Recent Developments and Future Plans
  • 2.15 Iconic Translation Machines
    • 2.15.1 Iconic Translation Machines Details
    • 2.15.2 Iconic Translation Machines Major Business
    • 2.15.3 Iconic Translation Machines Machine Translation (MT) Product and Solutions
    • 2.15.4 Iconic Translation Machines Machine Translation (MT) Revenue, Gross Margin and Market Share (2019-2024)
    • 2.15.5 Iconic Translation Machines Recent Developments and Future Plans
  • 2.16 K2E-PAT
    • 2.16.1 K2E-PAT Details
    • 2.16.2 K2E-PAT Major Business
    • 2.16.3 K2E-PAT Machine Translation (MT) Product and Solutions
    • 2.16.4 K2E-PAT Machine Translation (MT) Revenue, Gross Margin and Market Share (2019-2024)
    • 2.16.5 K2E-PAT Recent Developments and Future Plans
  • 2.17 KantanMT
    • 2.17.1 KantanMT Details
    • 2.17.2 KantanMT Major Business
    • 2.17.3 KantanMT Machine Translation (MT) Product and Solutions
    • 2.17.4 KantanMT Machine Translation (MT) Revenue, Gross Margin and Market Share (2019-2024)
    • 2.17.5 KantanMT Recent Developments and Future Plans
  • 2.18 Kodensha
    • 2.18.1 Kodensha Details
    • 2.18.2 Kodensha Major Business
    • 2.18.3 Kodensha Machine Translation (MT) Product and Solutions
    • 2.18.4 Kodensha Machine Translation (MT) Revenue, Gross Margin and Market Share (2019-2024)
    • 2.18.5 Kodensha Recent Developments and Future Plans

3 Market Competition, by Players

  • 3.1 Global Machine Translation (MT) Revenue and Share by Players (2019-2024)
  • 3.2 Market Share Analysis (2023)
    • 3.2.1 Market Share of Machine Translation (MT) by Company Revenue
    • 3.2.2 Top 3 Machine Translation (MT) Players Market Share in 2023
    • 3.2.3 Top 6 Machine Translation (MT) Players Market Share in 2023
  • 3.3 Machine Translation (MT) Market: Overall Company Footprint Analysis
    • 3.3.1 Machine Translation (MT) Market: Region Footprint
    • 3.3.2 Machine Translation (MT) Market: Company Product Type Footprint
    • 3.3.3 Machine Translation (MT) Market: Company Product Application Footprint
  • 3.4 New Market Entrants and Barriers to Market Entry
  • 3.5 Mergers, Acquisition, Agreements, and Collaborations

4 Market Size Segment by Type

  • 4.1 Global Machine Translation (MT) Consumption Value and Market Share by Type (2019-2024)
  • 4.2 Global Machine Translation (MT) Market Forecast by Type (2025-2030)

5 Market Size Segment by Application

  • 5.1 Global Machine Translation (MT) Consumption Value Market Share by Application (2019-2024)
  • 5.2 Global Machine Translation (MT) Market Forecast by Application (2025-2030)

6 North America

  • 6.1 North America Machine Translation (MT) Consumption Value by Type (2019-2030)
  • 6.2 North America Machine Translation (MT) Consumption Value by Application (2019-2030)
  • 6.3 North America Machine Translation (MT) Market Size by Country
    • 6.3.1 North America Machine Translation (MT) Consumption Value by Country (2019-2030)
    • 6.3.2 United States Machine Translation (MT) Market Size and Forecast (2019-2030)
    • 6.3.3 Canada Machine Translation (MT) Market Size and Forecast (2019-2030)
    • 6.3.4 Mexico Machine Translation (MT) Market Size and Forecast (2019-2030)

7 Europe

  • 7.1 Europe Machine Translation (MT) Consumption Value by Type (2019-2030)
  • 7.2 Europe Machine Translation (MT) Consumption Value by Application (2019-2030)
  • 7.3 Europe Machine Translation (MT) Market Size by Country
    • 7.3.1 Europe Machine Translation (MT) Consumption Value by Country (2019-2030)
    • 7.3.2 Germany Machine Translation (MT) Market Size and Forecast (2019-2030)
    • 7.3.3 France Machine Translation (MT) Market Size and Forecast (2019-2030)
    • 7.3.4 United Kingdom Machine Translation (MT) Market Size and Forecast (2019-2030)
    • 7.3.5 Russia Machine Translation (MT) Market Size and Forecast (2019-2030)
    • 7.3.6 Italy Machine Translation (MT) Market Size and Forecast (2019-2030)

8 Asia-Pacific

  • 8.1 Asia-Pacific Machine Translation (MT) Consumption Value by Type (2019-2030)
  • 8.2 Asia-Pacific Machine Translation (MT) Consumption Value by Application (2019-2030)
  • 8.3 Asia-Pacific Machine Translation (MT) Market Size by Region
    • 8.3.1 Asia-Pacific Machine Translation (MT) Consumption Value by Region (2019-2030)
    • 8.3.2 China Machine Translation (MT) Market Size and Forecast (2019-2030)
    • 8.3.3 Japan Machine Translation (MT) Market Size and Forecast (2019-2030)
    • 8.3.4 South Korea Machine Translation (MT) Market Size and Forecast (2019-2030)
    • 8.3.5 India Machine Translation (MT) Market Size and Forecast (2019-2030)
    • 8.3.6 Southeast Asia Machine Translation (MT) Market Size and Forecast (2019-2030)
    • 8.3.7 Australia Machine Translation (MT) Market Size and Forecast (2019-2030)

9 South America

  • 9.1 South America Machine Translation (MT) Consumption Value by Type (2019-2030)
  • 9.2 South America Machine Translation (MT) Consumption Value by Application (2019-2030)
  • 9.3 South America Machine Translation (MT) Market Size by Country
    • 9.3.1 South America Machine Translation (MT) Consumption Value by Country (2019-2030)
    • 9.3.2 Brazil Machine Translation (MT) Market Size and Forecast (2019-2030)
    • 9.3.3 Argentina Machine Translation (MT) Market Size and Forecast (2019-2030)

10 Middle East & Africa

  • 10.1 Middle East & Africa Machine Translation (MT) Consumption Value by Type (2019-2030)
  • 10.2 Middle East & Africa Machine Translation (MT) Consumption Value by Application (2019-2030)
  • 10.3 Middle East & Africa Machine Translation (MT) Market Size by Country
    • 10.3.1 Middle East & Africa Machine Translation (MT) Consumption Value by Country (2019-2030)
    • 10.3.2 Turkey Machine Translation (MT) Market Size and Forecast (2019-2030)
    • 10.3.3 Saudi Arabia Machine Translation (MT) Market Size and Forecast (2019-2030)
    • 10.3.4 UAE Machine Translation (MT) Market Size and Forecast (2019-2030)

11 Market Dynamics

  • 11.1 Machine Translation (MT) Market Drivers
  • 11.2 Machine Translation (MT) Market Restraints
  • 11.3 Machine Translation (MT) Trends Analysis
  • 11.4 Porters Five Forces Analysis
    • 11.4.1 Threat of New Entrants
    • 11.4.2 Bargaining Power of Suppliers
    • 11.4.3 Bargaining Power of Buyers
    • 11.4.4 Threat of Substitutes
    • 11.4.5 Competitive Rivalry

12 Industry Chain Analysis

  • 12.1 Machine Translation (MT) Industry Chain
  • 12.2 Machine Translation (MT) Upstream Analysis
  • 12.3 Machine Translation (MT) Midstream Analysis
  • 12.4 Machine Translation (MT) Downstream Analysis

13 Research Findings and Conclusion

    14 Appendix

    • 14.1 Methodology
    • 14.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Machine Translation (MT). Industry analysis & Market Report on Machine Translation (MT) is a syndicated market report, published as Global Machine Translation (MT) Market 2024 by Company, Regions, Type and Application, Forecast to 2030. It is complete Research Study and Industry Analysis of Machine Translation (MT) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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