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Global Machine Translation Market Report, History and Forecast 2018-2034

Published on: 2024-01-04 | No of Pages : 400 | Industry : Software

Publisher : MRA | Format : PDF

Global Machine Translation Market Report, History and Forecast 2018-2034

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 2023, is projected to reach a revised size of US$ 1.10 billion by 2033, growing at a CAGR of 12.46% during the forecast period 2023-2033.
North American market for Machine Translation was valued at $ 272.45 million in 2023 and will reach $ 610.35 million by 2033, at a CAGR of 12.35% during the forecast period of 2023 through 2033.
Asia-Pacific market for Machine Translation was valued at $ 99.66 million in 2023 and will reach $ 232.62 million by 2033, at a CAGR of 13.05% during the forecast period of 2023 through 2033.
Europe market for Machine Translation was valued at $ 97.86 million in 2023 and will reach $ 221.00 million by 2033, at a CAGR of 12.62% during the forecast period of 2023 through 2033.
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 2033. 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, 2024-2033), considering 2023 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 OneIntroduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2033). 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 TwoProvides 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 ThreeProvides 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 FourDetailed analysis of Machine Translation companies's competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter FiveProvides 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 TenNorth America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleventhis 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 TwelveResearch Finding/Conclusion

Table of Content

1 Market Overview of Machine Translation 1
1.1 Machine Translation Market Overview 1
1.1.1 Machine Translation Product Scope 1
1.1.2 Machine Translation Market Status and Outlook 1
1.2 Global Machine Translation Market Size Overview by Region 2018 VS 2023 VS 2033 3
1.3 Global Machine Translation Market Size by Region (2018-2033) 4
1.4 Global Machine Translation Historic Market Size by Region (2018-2023) 4
1.5 Global Machine Translation Market Size Forecast by Region (2024-2033) 5
1.6 Key Regions Machine Translation Market Size (2018-2033) 6
1.6.1 North America Machine Translation Market Size (2018-2033) 6
1.6.2 Europe Machine Translation Market Size (2018-2033) 7
1.6.3 Asia-Pacific Machine Translation Market Size (2018-2033) 7
1.6.4 Latin America Machine Translation Market Size (2018-2033) 8
1.6.5 Middle East & Africa Machine Translation Market Size (2018-2033) 8
2 Machine Translation Market Overview by Type 9
2.1 Global Machine Translation Market Size by Type: 2018 VS 2023 VS 2033 9
2.2 Global Machine Translation Historic Market Size by Type (2018-2023) 10
2.3 Global Machine Translation Forecasted Market Size by Type (2024-2033) 11
2.4 On Premise 12
2.5 Cloud 12
3 Machine Translation Market Overview by Application 14
3.1 Global Machine Translation Market Size by Application: 2018 VS 2023 VS 2033 14
3.2 Global Machine Translation Historic Market Size by Application (2018-2023) 15
3.3 Global Machine Translation Forecasted Market Size by Application (2024-2033) 16
3.4 C-end Customer 17
3.5 B-end Customer 18
3.6 Government and Defense 18
4 Machine Translation Competition Analysis by Players 20
4.1 Global Machine Translation Market Size by Players (2018-2023) 20
4.2 Global Top Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Machine Translation as of 2023) 21
4.3 Global Key Players of Machine Translation Head office and Area Served 23
4.4 Global Key Players of Machine Translation Product Type 24
4.5 Establish Date of Global Machine Translation Key Players 24
4.6 Competitive Status 25
4.6.1 Machine Translation Market Concentration Rate 25
4.6.2 Mergers & Acquisitions, Expansion Plans 27
5 Company (Top Players) Profiles 28
5.1 Google 28
5.1.1 Google Profile 28
5.1.2 Google Main Business 28
5.1.3 Google Machine Translation Products, Services and Solutions 29
5.1.4 Google Machine Translation Revenue (US$ Million) & (2018-2023) 30
5.2 RWS 30
5.2.1 RWS Profile 31
5.2.2 RWS Main Business 31
5.2.3 RWS Machine Translation Products, Services and Solutions 32
5.2.4 RWS Machine Translation Revenue (US$ Million) & (2018-2023) 33
5.3 Microsoft 34
5.3.1 Microsoft Profile 34
5.3.2 Microsoft Main Business 35
5.3.3 Microsoft Machine Translation Products, Services and Solutions 36
5.3.4 Microsoft Machine Translation Revenue (US$ Million) & (2018-2023) 36
5.4 Lionbridge Technologies 37
5.4.1 Lionbridge Technologies Profile 37
5.4.2 Lionbridge Technologies Main Business 38
5.4.3 Lionbridge Technologies Machine Translation Products, Services and Solutions 38
5.4.4 Lionbridge Technologies Machine Translation Revenue (US$ Million) & (2018-2023) 39
5.5 AWS (Amazon.com, Inc.) 40
5.5.1 AWS (Amazon.com, Inc.) Profile 40
5.5.2 AWS (Amazon.com, Inc.) Main Business 41
5.5.3 AWS (Amazon.com, Inc.) Machine Translation Products, Services and Solutions 42
5.5.4 AWS (Amazon.com, Inc.) Machine Translation Revenue (US$ Million) & (2018-2023) 42
5.6 IBM 43
5.6.1 IBM Profile 43
5.6.2 IBM Main Business 44
5.6.3 IBM Machine Translation Products, Services and Solutions 45
5.6.4 IBM Machine Translation Revenue (US$ Million) & (2018-2023) 45
5.7 Omniscien Technologies 46
5.7.1 Omniscien Technologies Profile 46
5.7.2 Omniscien Technologies Main Business 47
5.7.3 Omniscien Technologies Machine Translation Products, Services and Solutions 48
5.7.4 Omniscien Technologies Machine Translation Revenue (US$ Million) & (2018-2023) 49
5.8 Baidu 49
5.8.1 Baidu Profile 50
5.8.2 Baidu Main Business 50
5.8.3 Baidu Machine Translation Products, Services and Solutions 51
5.8.4 Baidu Machine Translation Revenue (US$ Million) & (2018-2023) 51
5.9 Tencent Cloud TMT 52
5.9.1 Tencent Cloud TMT Profile 52
5.9.2 Tencent Cloud TMT Main Business 53
5.9.3 Tencent Cloud TMT Machine Translation Products, Services and Solutions 53
5.9.4 Tencent Cloud TMT Machine Translation Revenue (US$ Million) & (2018-2023) 54
6 North America 55
6.1 North America Machine Translation Market Size by Country (2018-2033) 55
6.2 United States 57
6.3 Canada 57
6.4 Mexico 58
7 Europe 59
7.1 Europe Machine Translation Market Size by Country (2018-2033) 59
7.2 Germany 61
7.3 France 62
7.4 U.K. 62
7.5 Italy 63
7.6 Spain 63
7.7 Rest of Europe 64
8 Asia-Pacific 65
8.1 Asia-Pacific Machine Translation Market Size by Region (2018-2033) 65
8.2 China 67
8.3 Japan 68
8.4 South Korea 68
8.5 Southeast Asia 69
8.6 India 69
8.7 Rest of Asia-Pacific 70
9 Latin America 71
9.1 Latin America Machine Translation Market Size by Country (2018-2033) 71
9.2 Brazil 73
9.3 Argentina 73
9.4 Rest of Latin America 74
10 Middle East & Africa 75
10.1 Middle East & Africa Machine Translation Market Size by Country 75
10.2 Middle East 77
10.3 Africa 77
11 Machine Translation Market Dynamics 78
11.1 Machine Translation Industry Trends 78
11.2 Machine Translation Market Drivers 78
11.3 Machine Translation Market Challenges 79
11.4 Machine Translation Market Restraints 80
12 Research Finding/Conclusion 81
13 Methodology and Data Source 83
13.1 Methodology/Research Approach 83
13.1.1 Research Programs/Design 83
13.1.2 Market Size Estimation 84
13.1.3 Market Breakdown and Data Triangulation 85
13.2 Data Source 86
13.2.1 Secondary Sources 86
13.2.2 Primary Sources 87
13.3 Author List 88
13.4 Disclaimer 91
鈥

List of Figure

Table 1. Global Market Machine Translation Market Size (US$ Million) Comparison by Region: 2018 VS 2023 VS 2033 3
Table 2. Global Machine Translation Market Size by Region (2018-2023) & (US$ Million) 4
Table 3. Global Machine Translation Market Size Share by Region (2018-2023) 5
Table 4. Global Machine Translation Forecasted Market Size by Region (2024-2033) & (US$ Million) 5
Table 5. Global Machine Translation Forecasted Market Size Share by Region (2024-2033) 6
Table 6. Global Machine Translation Market Size (US$ Million) by Type: 2018 VS 2023 VS 2033 9
Table 7. Global Machine Translation Market Size by Type (2018-2023) & (US$ Million) 10
Table 8. Global Machine Translation Revenue Market Share by Type (2018-2023) 11
Table 9. Global Machine Translation Forecasted Market Size by Type (2024-2033) & (US$ Million) 11
Table 10. Global Machine Translation Revenue Market Share by Type (2024-2033) 11
Table 11. Global Machine Translation Market Size by Application: (US$ Million) 2018 VS 2023 VS 2033 14
Table 12. Global Machine Translation Market Size by Application (2018-2023) & (US$ Million) 15
Table 13. Global Machine Translation Revenue Market Share by Application (2018-2023) 16
Table 14. Global Machine Translation Forecasted Market Size by Application (2024-2033) & (US$ Million) 16
Table 15. Global Machine Translation Revenue Market Share by Application (2024-2033) 17
Table 16. Global Machine Translation Revenue by Players (2018-2023) & (US$ Million) 20
Table 17. Global Machine Translation Revenue Market Share by Players (2018-2023) 21
Table 18. Global Top Players Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Machine Translation as of 2023) 22
Table 19. Global Key Players of Machine Translation, Headquarters and Area Served 23
Table 20. Global Key Players of Machine Translation Product Type 24
Table 21. Establish Date of Global Machine Translation Key Players 24
Table 22. Global Machine Translation Players Market Concentration Ratio (CR5 and HHI) 25
Table 23. Mergers & Acquisitions, Expansion Plans 27
Table 24. Google Basic Information List 28
Table 25. Google Description and Business Overview 28
Table 26. Google Machine Translation Products, Services and Solutions 29
Table 27. Revenue (US$ Million) in Machine Translation Business of Google (2018-2023) 30
Table 28. RWS Basic Information List 31
Table 29. RWS Description and Business Overview 31
Table 30. RWS Machine Translation Products, Services and Solutions 32
Table 31. Revenue (US$ Million) in Machine Translation Business of RWS (2018-2023) 33
Table 32. Microsoft Basic Information List 34
Table 33. Microsoft Description and Business Overview 35
Table 34. Microsoft Machine Translation Products, Services and Solutions 36
Table 35. Revenue (US$ Million) in Machine Translation Business of Microsoft (2018-2023) 36
Table 36. Lionbridge Technologies Basic Information List 37
Table 37. Lionbridge Technologies Description and Business Overview 38
Table 38. Lionbridge Technologies Machine Translation Products, Services and Solutions 38
Table 39. Revenue (US$ Million) in Machine Translation Business of Lionbridge Technologies (2018-2023) 39
Table 40. AWS (Amazon.com, Inc.) Basic Information List 40
Table 41. AWS (Amazon.com, Inc.) Description and Business Overview 41
Table 42. AWS (Amazon.com, Inc.) Machine Translation Products, Services and Solutions 42
Table 43. Revenue (US$ Million) in Machine Translation Business of AWS (Amazon.com, Inc.) (2018-2023) 42
Table 44. IBM Basic Information List 43
Table 45. IBM Description and Business Overview 44
Table 46. IBM Machine Translation Products, Services and Solutions 45
Table 47. Revenue (US$ Million) in Machine Translation Business of IBM (2018-2023) 45
Table 48. Omniscien Technologies Basic Information List 46
Table 49. Omniscien Technologies Description and Business Overview 47
Table 50. Omniscien Technologies Machine Translation Products, Services and Solutions 48
Table 51. Revenue (US$ Million) in Machine Translation Business of Omniscien Technologies (2018-2023) 49
Table 52. Baidu Basic Information List 50
Table 53. Baidu Description and Business Overview 50
Table 54. Baidu Machine Translation Products, Services and Solutions 51
Table 55. Revenue (US$ Million) in Machine Translation Business of Baidu (2018-2023) 51
Table 56. Tencent Cloud TMT Basic Information List 52
Table 57. Tencent Cloud TMT Description and Business Overview 53
Table 58. Tencent Cloud TMT Machine Translation Products, Services and Solutions 53
Table 59. Revenue (US$ Million) in Machine Translation Business of Tencent Cloud TMT (2018-2023) 54
Table 60. North America Machine Translation Market Size Growth Rate (CAGR) by Country (US$ Million): 2018 VS 2023 VS 2033 55
Table 61. North America Machine Translation Market Size by Country (2018-2023) & (US$ Million) 55
Table 62. North America Machine Translation Market Share by Country (2018-2023) 55
Table 63. North America Machine Translation Market Size by Country (2024-2033) & (US$ Million) 56
Table 64. North America Machine Translation Market Share by Country (2024-2033) 56
Table 65. Europe Machine Translation Market Size Growth Rate (CAGR) by Country (US$ Million): 2018 VS 2023 VS 2033 59
Table 66. Europe Machine Translation Market Size by Country (2018-2023) & (US$ Million) 59
Table 67. Europe Machine Translation Market Share by Country (2018-2023) 60
Table 68. Europe Machine Translation Market Size by Country (2024-2033) & (US$ Million) 60
Table 69. Europe Machine Translation Market Share by Country (2024-2033) 60
Table 70. Asia-Pacific Machine Translation Market Size Growth Rate (CAGR) by Region (US$ Million): 2018 VS 2023 VS 2033 65
Table 71. Asia-Pacific Machine Translation Market Size by Region (2018-2023) & (US$ Million) 65
Table 72. Asia-Pacific Machine Translation Market Share by Region (2018-2023) 66
Table 73. Asia-Pacific Machine Translation Market Size by Region (2024-2033) & (US$ Million) 66
Table 74. Asia-Pacific Machine Translation Market Share by Region (2024-2033) 66
Table 75. Latin America Machine Translation Market Size Growth Rate (CAGR) by Country (US$ Million): 2018 VS 2023 VS 2033 71
Table 76. Latin America Machine Translation Market Size by Country (2018-2023) & (US$ Million) 71
Table 77. Latin America Machine Translation Market Share by Country (2018-2023) 71
Table 78. Latin America Machine Translation Market Size by Country (2024-2033) & (US$ Million) 72
Table 79. Latin America Machine Translation Market Share by Country (2024-2033) 72
Table 80. Middle East and Africa Machine Translation Market Size Growth Rate (CAGR) by Country (US$ Million): 2018 VS 2023 VS 2033 75
Table 81. Middle East & Africa Machine Translation Market Size by Country (2018-2023) & (US$ Million) 75
Table 82. Middle East & Africa Machine Translation Market Share by Country (2018-2023) 75
Table 83. Middle East & Africa Machine Translation Market Size by Country (2024-2033) & (US$ Million) 76
Table 84. Middle East & Africa Machine Translation Market Share by Country (2024-2033) 76
Table 85. Machine Translation Market Trends 78
Table 86. Machine Translation Market Drivers 78
Table 87. Machine Translation Market Challenges 79
Table 88. Machine Translation Market Restraints 80
Table 89. Research Programs/Design for This Report 83
Table 90. Key Data Information from Secondary Sources 87
Table 91. Key Data Information from Primary Sources 88
Table 92. MRAR Business Unit and Senior & Team Lead Analysts 89

List of Figures

Figure 1. Global Machine Translation Market Size Year-over-Year (2018-2033) & (US$ Million) 2
Figure 2. Global Machine Translation Market Size, (US$ Million), 2018 VS 2023 VS 2033 3
Figure 3. Global Machine Translation Market Share by Region: 2023 VS 2033 4
Figure 4. North America Machine Translation Market Size Growth Rate (2018-2033) & (US$ Million) 6
Figure 5. Europe Machine Translation Market Size Growth Rate (2018-2033) & (US$ Million) 7
Figure 6. Asia-Pacific Machine Translation Market Size Growth Rate (2018-2033) & (US$ Million) 7
Figure 7. Latin America Machine Translation Market Size Growth Rate (2018-2033) & (US$ Million) 8
Figure 8. Middle East & Africa Machine Translation Market Size Growth Rate (2018-2033) & (US$ Million) 8
Figure 9. Global Machine Translation Market Size Share by Type: 2023 & 2033 10
Figure 10. On Premise Market Size (US$ Million) & YoY Growth (2018-2033) 12
Figure 11. Cloud Market Size (US$ Million) & YoY Growth (2018-2033) 13
Figure 12. Global Machine Translation Market Size Share by Application: 2023 & 2033 15
Figure 13. C-end Customer Market Size (US$ Million) & YoY Growth (2018-2033) 17
Figure 14. B-end Customer Market Size (US$ Million) & YoY Growth (2018-2033) 18
Figure 15. Government and Defense Market Size (US$ Million) & YoY Growth (2018-2033) 19
Figure 16. Machine Translation Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2018 VS 2023 23
Figure 17. The Top 3 and Top 5 Players Market Share by Machine Translation Sales in 2023 26
Figure 18. Revenue (US$ Million) Growth Rate in Machine Translation Business of Google (2018-2023) 30
Figure 19. Revenue (US$ Million) Growth Rate in Machine Translation Business of RWS (2018-2023) 34
Figure 20. Revenue (US$ Million) Growth Rate in Machine Translation Business of Microsoft (2018-2023) 37
Figure 21. Revenue (US$ Million) Growth Rate in Machine Translation Business of Lionbridge (2018-2023) 40
Figure 22. Revenue (US$ Million) Growth Rate in Machine Translation Business of AWS (2018-2023) 43
Figure 23. Revenue (US$ Million) Growth Rate in Machine Translation Business of IBM (2018-2023) 46
Figure 24. Revenue (US$ Million) Growth Rate in Machine Translation Business of Omniscien Technologies (2018-2023) 49
Figure 25. Revenue (US$ Million) Growth Rate in Machine Translation Business of Baidu (2018-2023) 52
Figure 26. Revenue (US$ Million) Growth Rate in Machine Translation Business of Tencent Cloud (2018-2023) 54
Figure 27. United States Machine Translation Market Size (2018-2033) & (US$ Million) 57
Figure 28. Canada Machine Translation Market Size (2018-2033) & (US$ Million) 57
Figure 29. Mexico Machine Translation Market Size (2018-2033) & (US$ Million) 58
Figure 30. Germany Machine Translation Market Size (2018-2033) & (US$ Million) 61
Figure 31. France Machine Translation Market Size (2018-2033) & (US$ Million) 62
Figure 32. U.K. Machine Translation Market Size (2018-2033) & (US$ Million) 62
Figure 33. Italy Machine Translation Market Size (2018-2033) & (US$ Million) 63
Figure 34. Spain Machine Translation Market Size (2018-2033) & (US$ Million) 63
Figure 35. Rest of Europe Machine Translation Market Size (2018-2033) & (US$ Million) 64
Figure 36. China Machine Translation Market Size (2018-2033) & (US$ Million) 67
Figure 37. Japan Machine Translation Market Size (2018-2033) & (US$ Million) 68
Figure 38. South Korea Machine Translation Market Size (2018-2033) & (US$ Million) 68
Figure 39. Southeast Asia Machine Translation Market Size (2018-2033) & (US$ Million) 69
Figure 40. India Machine Translation Market Size (2018-2033) & (US$ Million) 69
Figure 41. Rest of Asia-Pacific Machine Translation Market Size (2018-2033) & (US$ Million) 70
Figure 42. Brazil Machine Translation Market Size (2018-2033) & (US$ Million) 73
Figure 43. Argentina Machine Translation Market Size (2018-2033) & (US$ Million) 73
Figure 44. Rest of Latin America Machine Translation Market Size (2018-2033) & (US$ Million) 74
Figure 45. Middle East Machine Translation Market Size (2018-2033) & (US$ Million) 77
Figure 46. Africa Machine Translation Market Size (2018-2033) & (US$ Million) 77
Figure 47. Bottom-up and Top-down Approaches for This Report 85
Figure 48. Data Triangulation 86

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