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Machine Translation Market 2025-2029

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    Report

  • 242 Pages
  • March 2025
  • Region: Global
  • TechNavio
  • ID: 5601895
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The machine translation market is forecasted to grow by USD 1.49 billion during 2024-2029, accelerating at a CAGR of 16.6% during the forecast period. The report on the machine translation market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for content localization, rapid globalization of businesses is generating need for multilingual communication, and increasing adoption of voice recognition technology.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

The machine translation market is segmented as below:

By Deployment

  • On-premises
  • Cloud

By Application

  • Defense
  • IT
  • Automotive
  • Healthcare

By Technology

  • SMT
  • NMT
  • RBMT
  • HMT
  • EBMT

By Usage

  • H2M translation
  • M2M translation

By Geographical Landscape

  • North America
  • Europe
  • APAC
  • South America
  • Middle East and Africa
This study identifies the rising use of multilingual AI as one of the prime reasons driving the machine translation market growth during the next few years. Also, growing localization of video content and growing adoption of mobile translation will lead to sizable demand in the market.

The report on the machine translation market covers the following areas:

  • Machine Translation Market sizing
  • Machine Translation Market forecast
  • Machine Translation Market industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading machine translation market vendors that include Alphabet Inc., ARGOS TRANSLATIONS Sp. z o.o., Babylon Software Ltd., Cloudwords Inc., CSOFT International Inc., Global Lingo Ltd., Honyaku Center Inc., International Business Machines Corp., Lingotek Inc., Lingua Custodia, Lionbridge Technologies LLC, Microsoft Corp., Omniscien Technologies, Promt, RWS Holdings PLC, SYSTRAN SA, Teleperformance SE, thebigword Group Ltd., TransPerfect Global Inc., and Welocalize Inc. Also, the machine translation market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Deployment
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Market Segmentation by Technology
Executive Summary - Chart on Market Segmentation by Usage
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on Global - Market size and forecast 2024-2029 ($ million)
Data Table on Global - Market size and forecast 2024-2029 ($ million)
Chart on Global Market: Year-over-year growth 2024-2029 (%)
Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Global Machine Translation Market 2019 - 2023
Historic Market Size - Data Table on Global Machine Translation Market 2019 - 2023 ($ million)
5.2 Deployment segment analysis 2019 - 2023
Historic Market Size - Deployment Segment 2019 - 2023 ($ million)
5.3 Application segment analysis 2019 - 2023
Historic Market Size - Application Segment 2019 - 2023 ($ million)
5.4 Technology segment analysis 2019 - 2023
Historic Market Size - Technology Segment 2019 - 2023 ($ million)
5.5 Usage segment analysis 2019 - 2023
Historic Market Size - Usage Segment 2019 - 2023 ($ million)
5.6 Geography segment analysis 2019 - 2023
Historic Market Size - Geography Segment 2019 - 2023 ($ million)
5.7 Country segment analysis 2019 - 2023
Historic Market Size - Country Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
6.1 AI Impact on Global Machine Translation Market
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Deployment
8.1 Market segments
Chart on Deployment - Market share 2024-2029 (%)
Data Table on Deployment - Market share 2024-2029 (%)
8.2 Comparison by Deployment
Chart on Comparison by Deployment
Data Table on Comparison by Deployment
8.3 On-premises - Market size and forecast 2024-2029
Chart on On-premises - Market size and forecast 2024-2029 ($ million)
Data Table on On-premises - Market size and forecast 2024-2029 ($ million)
Chart on On-premises - Year-over-year growth 2024-2029 (%)
Data Table on On-premises - Year-over-year growth 2024-2029 (%)
8.4 Cloud - Market size and forecast 2024-2029
Chart on Cloud - Market size and forecast 2024-2029 ($ million)
Data Table on Cloud - Market size and forecast 2024-2029 ($ million)
Chart on Cloud - Year-over-year growth 2024-2029 (%)
Data Table on Cloud - Year-over-year growth 2024-2029 (%)
8.5 Market opportunity by Deployment
Market opportunity by Deployment ($ million)
Data Table on Market opportunity by Deployment ($ million)
9 Market Segmentation by Application
9.1 Market segments
Chart on Application - Market share 2024-2029 (%)
Data Table on Application - Market share 2024-2029 (%)
9.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
9.3 Defense - Market size and forecast 2024-2029
Chart on Defense - Market size and forecast 2024-2029 ($ million)
Data Table on Defense - Market size and forecast 2024-2029 ($ million)
Chart on Defense - Year-over-year growth 2024-2029 (%)
Data Table on Defense - Year-over-year growth 2024-2029 (%)
9.4 IT - Market size and forecast 2024-2029
Chart on IT - Market size and forecast 2024-2029 ($ million)
Data Table on IT - Market size and forecast 2024-2029 ($ million)
Chart on IT - Year-over-year growth 2024-2029 (%)
Data Table on IT - Year-over-year growth 2024-2029 (%)
9.5 Automotive - Market size and forecast 2024-2029
Chart on Automotive - Market size and forecast 2024-2029 ($ million)
Data Table on Automotive - Market size and forecast 2024-2029 ($ million)
Chart on Automotive - Year-over-year growth 2024-2029 (%)
Data Table on Automotive - Year-over-year growth 2024-2029 (%)
9.6 Healthcare - Market size and forecast 2024-2029
Chart on Healthcare - Market size and forecast 2024-2029 ($ million)
Data Table on Healthcare - Market size and forecast 2024-2029 ($ million)
Chart on Healthcare - Year-over-year growth 2024-2029 (%)
Data Table on Healthcare - Year-over-year growth 2024-2029 (%)
9.7 Market opportunity by Application
Market opportunity by Application ($ million)
Data Table on Market opportunity by Application ($ million)
10 Market Segmentation by Technology
10.1 Market segments
Chart on Technology - Market share 2024-2029 (%)
Data Table on Technology - Market share 2024-2029 (%)
10.2 Comparison by Technology
Chart on Comparison by Technology
Data Table on Comparison by Technology
10.3 SMT - Market size and forecast 2024-2029
Chart on SMT - Market size and forecast 2024-2029 ($ million)
Data Table on SMT - Market size and forecast 2024-2029 ($ million)
Chart on SMT - Year-over-year growth 2024-2029 (%)
Data Table on SMT - Year-over-year growth 2024-2029 (%)
10.4 NMT - Market size and forecast 2024-2029
Chart on NMT - Market size and forecast 2024-2029 ($ million)
Data Table on NMT - Market size and forecast 2024-2029 ($ million)
Chart on NMT - Year-over-year growth 2024-2029 (%)
Data Table on NMT - Year-over-year growth 2024-2029 (%)
10.5 RBMT - Market size and forecast 2024-2029
Chart on RBMT - Market size and forecast 2024-2029 ($ million)
Data Table on RBMT - Market size and forecast 2024-2029 ($ million)
Chart on RBMT - Year-over-year growth 2024-2029 (%)
Data Table on RBMT - Year-over-year growth 2024-2029 (%)
10.6 HMT - Market size and forecast 2024-2029
Chart on HMT - Market size and forecast 2024-2029 ($ million)
Data Table on HMT - Market size and forecast 2024-2029 ($ million)
Chart on HMT - Year-over-year growth 2024-2029 (%)
Data Table on HMT - Year-over-year growth 2024-2029 (%)
10.7 EBMT - Market size and forecast 2024-2029
Chart on EBMT - Market size and forecast 2024-2029 ($ million)
Data Table on EBMT - Market size and forecast 2024-2029 ($ million)
Chart on EBMT - Year-over-year growth 2024-2029 (%)
Data Table on EBMT - Year-over-year growth 2024-2029 (%)
10.8 Market opportunity by Technology
Market opportunity by Technology ($ million)
Data Table on Market opportunity by Technology ($ million)
11 Market Segmentation by Usage
11.1 Market segments
Chart on Usage - Market share 2024-2029 (%)
Data Table on Usage - Market share 2024-2029 (%)
11.2 Comparison by Usage
Chart on Comparison by Usage
Data Table on Comparison by Usage
11.3 H2M translation - Market size and forecast 2024-2029
Chart on H2M translation - Market size and forecast 2024-2029 ($ million)
Data Table on H2M translation - Market size and forecast 2024-2029 ($ million)
Chart on H2M translation - Year-over-year growth 2024-2029 (%)
Data Table on H2M translation - Year-over-year growth 2024-2029 (%)
11.4 M2M translation - Market size and forecast 2024-2029
Chart on M2M translation - Market size and forecast 2024-2029 ($ million)
Data Table on M2M translation - Market size and forecast 2024-2029 ($ million)
Chart on M2M translation - Year-over-year growth 2024-2029 (%)
Data Table on M2M translation - Year-over-year growth 2024-2029 (%)
11.5 Market opportunity by Usage
Market opportunity by Usage ($ million)
Data Table on Market opportunity by Usage ($ million)
12 Customer Landscape
12.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
13 Geographic Landscape
13.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2024-2029 (%)
Data Table on Market share By Geographical Landscape 2024-2029 (%)
13.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
13.3 North America - Market size and forecast 2024-2029
Chart on North America - Market size and forecast 2024-2029 ($ million)
Data Table on North America - Market size and forecast 2024-2029 ($ million)
Chart on North America - Year-over-year growth 2024-2029 (%)
Data Table on North America - Year-over-year growth 2024-2029 (%)
13.4 Europe - Market size and forecast 2024-2029
Chart on Europe - Market size and forecast 2024-2029 ($ million)
Data Table on Europe - Market size and forecast 2024-2029 ($ million)
Chart on Europe - Year-over-year growth 2024-2029 (%)
Data Table on Europe - Year-over-year growth 2024-2029 (%)
13.5 APAC - Market size and forecast 2024-2029
Chart on APAC - Market size and forecast 2024-2029 ($ million)
Data Table on APAC - Market size and forecast 2024-2029 ($ million)
Chart on APAC - Year-over-year growth 2024-2029 (%)
Data Table on APAC - Year-over-year growth 2024-2029 (%)
13.6 South America - Market size and forecast 2024-2029
Chart on South America - Market size and forecast 2024-2029 ($ million)
Data Table on South America - Market size and forecast 2024-2029 ($ million)
Chart on South America - Year-over-year growth 2024-2029 (%)
Data Table on South America - Year-over-year growth 2024-2029 (%)
13.7 Middle East and Africa - Market size and forecast 2024-2029
Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
13.8 US - Market size and forecast 2024-2029
Chart on US - Market size and forecast 2024-2029 ($ million)
Data Table on US - Market size and forecast 2024-2029 ($ million)
Chart on US - Year-over-year growth 2024-2029 (%)
Data Table on US - Year-over-year growth 2024-2029 (%)
13.9 China - Market size and forecast 2024-2029
Chart on China - Market size and forecast 2024-2029 ($ million)
Data Table on China - Market size and forecast 2024-2029 ($ million)
Chart on China - Year-over-year growth 2024-2029 (%)
Data Table on China - Year-over-year growth 2024-2029 (%)
13.10 Germany - Market size and forecast 2024-2029
Chart on Germany - Market size and forecast 2024-2029 ($ million)
Data Table on Germany - Market size and forecast 2024-2029 ($ million)
Chart on Germany - Year-over-year growth 2024-2029 (%)
Data Table on Germany - Year-over-year growth 2024-2029 (%)
13.11 Canada - Market size and forecast 2024-2029
Chart on Canada - Market size and forecast 2024-2029 ($ million)
Data Table on Canada - Market size and forecast 2024-2029 ($ million)
Chart on Canada - Year-over-year growth 2024-2029 (%)
Data Table on Canada - Year-over-year growth 2024-2029 (%)
13.12 UK - Market size and forecast 2024-2029
Chart on UK - Market size and forecast 2024-2029 ($ million)
Data Table on UK - Market size and forecast 2024-2029 ($ million)
Chart on UK - Year-over-year growth 2024-2029 (%)
Data Table on UK - Year-over-year growth 2024-2029 (%)
13.13 Japan - Market size and forecast 2024-2029
Chart on Japan - Market size and forecast 2024-2029 ($ million)
Data Table on Japan - Market size and forecast 2024-2029 ($ million)
Chart on Japan - Year-over-year growth 2024-2029 (%)
Data Table on Japan - Year-over-year growth 2024-2029 (%)
13.14 India - Market size and forecast 2024-2029
Chart on India - Market size and forecast 2024-2029 ($ million)
Data Table on India - Market size and forecast 2024-2029 ($ million)
Chart on India - Year-over-year growth 2024-2029 (%)
Data Table on India - Year-over-year growth 2024-2029 (%)
13.15 France - Market size and forecast 2024-2029
Chart on France - Market size and forecast 2024-2029 ($ million)
Data Table on France - Market size and forecast 2024-2029 ($ million)
Chart on France - Year-over-year growth 2024-2029 (%)
Data Table on France - Year-over-year growth 2024-2029 (%)
13.16 Italy - Market size and forecast 2024-2029
Chart on Italy - Market size and forecast 2024-2029 ($ million)
Data Table on Italy - Market size and forecast 2024-2029 ($ million)
Chart on Italy - Year-over-year growth 2024-2029 (%)
Data Table on Italy - Year-over-year growth 2024-2029 (%)
13.17 The Netherlands - Market size and forecast 2024-2029
Chart on The Netherlands - Market size and forecast 2024-2029 ($ million)
Data Table on The Netherlands - Market size and forecast 2024-2029 ($ million)
Chart on The Netherlands - Year-over-year growth 2024-2029 (%)
Data Table on The Netherlands - Year-over-year growth 2024-2029 (%)
13.18 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ million)
Data Tables on Market opportunity By Geographical Landscape ($ million)
14 Drivers, Challenges, and Opportunity/Restraints
14.1 Market drivers
14.2 Market challenges
14.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
14.4 Market opportunities/restraints
15 Competitive Landscape
15.1 Overview
15.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
15.3 Landscape disruption
Overview on factors of disruption
15.4 Industry risks
Impact of key risks on business
16 Competitive Analysis
16.1 Companies profiled
Companies covered
16.2 Company ranking index
Company ranking index
16.3 Market positioning of companies
Matrix on companies position and classification
16.4 Alphabet Inc.
Alphabet Inc. - Overview
Alphabet Inc. - Business segments
Alphabet Inc. - Key offerings
Alphabet Inc. - Segment focus
SWOT
16.5 Babylon Software Ltd.
Babylon Software Ltd. - Overview
Babylon Software Ltd. - Product / Service
Babylon Software Ltd. - Key offerings
SWOT
16.6 Cloudwords Inc.
Cloudwords Inc. - Overview
Cloudwords Inc. - Product / Service
Cloudwords Inc. - Key offerings
SWOT
16.7 CSOFT International Inc.
CSOFT International Inc. - Overview
CSOFT International Inc. - Product / Service
CSOFT International Inc. - Key offerings
SWOT
16.8 Global Lingo Ltd.
Global Lingo Ltd. - Overview
Global Lingo Ltd. - Product / Service
Global Lingo Ltd. - Key offerings
SWOT
16.9 Honyaku Center Inc.
Honyaku Center Inc. - Overview
Honyaku Center Inc. - Business segments
Honyaku Center Inc. - Key offerings
Honyaku Center Inc. - Segment focus
SWOT
16.10 International Business Machines Corp.
International Business Machines Corp. - Overview
International Business Machines Corp. - Business segments
International Business Machines Corp. - Key news
International Business Machines Corp. - Key offerings
International Business Machines Corp. - Segment focus
SWOT
16.11 Lingotek Inc.
Lingotek Inc. - Overview
Lingotek Inc. - Product / Service
Lingotek Inc. - Key offerings
SWOT
16.12 Lingua Custodia
Lingua Custodia - Overview
Lingua Custodia - Product / Service
Lingua Custodia - Key offerings
SWOT
16.13 Lionbridge Technologies LLC
Lionbridge Technologies LLC - Overview
Lionbridge Technologies LLC - Product / Service
Lionbridge Technologies LLC - Key offerings
SWOT
16.14 Microsoft Corp.
Microsoft Corp. - Overview
Microsoft Corp. - Business segments
Microsoft Corp. - Key news
Microsoft Corp. - Key offerings
Microsoft Corp. - Segment focus
SWOT
16.15 Omniscien Technologies
Omniscien Technologies - Overview
Omniscien Technologies - Product / Service
Omniscien Technologies - Key offerings
SWOT
16.16 RWS Holdings PLC
RWS Holdings PLC - Overview
RWS Holdings PLC - Business segments
RWS Holdings PLC - Key offerings
RWS Holdings PLC - Segment focus
SWOT
16.17 SYSTRAN SA
SYSTRAN SA - Overview
SYSTRAN SA - Product / Service
SYSTRAN SA - Key offerings
SWOT
16.18 TransPerfect Global Inc.
TransPerfect Global Inc. - Overview
TransPerfect Global Inc. - Product / Service
TransPerfect Global Inc. - Key offerings
SWOT
17 Appendix
17.1 Scope of the report
17.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
17.3 Currency conversion rates for US$
Currency conversion rates for US$
17.4 Research methodology
Research methodology
17.5 Data procurement
Information sources
17.6 Data validation
Data validation
17.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
17.8 Data synthesis
Data synthesis
17.9 360 degree market analysis
360 degree market analysis
17.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Deployment
Exhibits 6: Executive Summary - Chart on Market Segmentation by Application
Exhibits 7: Executive Summary - Chart on Market Segmentation by Technology
Exhibits 8: Executive Summary - Chart on Market Segmentation by Usage
Exhibits 9: Executive Summary - Chart on Incremental Growth
Exhibits 10: Executive Summary - Data Table on Incremental Growth
Exhibits 11: Executive Summary - Chart on Company Market Positioning
Exhibits 12: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 13: Overview on criticality of inputs and factors of differentiation
Exhibits 14: Overview on factors of disruption
Exhibits 15: Impact of drivers and challenges in 2024 and 2029
Exhibits 16: Parent Market
Exhibits 17: Data Table on - Parent Market
Exhibits 18: Market characteristics analysis
Exhibits 19: Value chain analysis
Exhibits 20: Offerings of companies included in the market definition
Exhibits 21: Market segments
Exhibits 22: Chart on Global - Market size and forecast 2024-2029 ($ million)
Exhibits 23: Data Table on Global - Market size and forecast 2024-2029 ($ million)
Exhibits 24: Chart on Global Market: Year-over-year growth 2024-2029 (%)
Exhibits 25: Data Table on Global Market: Year-over-year growth 2024-2029 (%)
Exhibits 26: Historic Market Size - Data Table on Global Machine Translation Market 2019 - 2023 ($ million)
Exhibits 27: Historic Market Size - Deployment Segment 2019 - 2023 ($ million)
Exhibits 28: Historic Market Size - Application Segment 2019 - 2023 ($ million)
Exhibits 29: Historic Market Size - Technology Segment 2019 - 2023 ($ million)
Exhibits 30: Historic Market Size - Usage Segment 2019 - 2023 ($ million)
Exhibits 31: Historic Market Size - Geography Segment 2019 - 2023 ($ million)
Exhibits 32: Historic Market Size - Country Segment 2019 - 2023 ($ million)
Exhibits 33: Five forces analysis - Comparison between 2024 and 2029
Exhibits 34: Bargaining power of buyers - Impact of key factors 2024 and 2029
Exhibits 35: Bargaining power of suppliers - Impact of key factors in 2024 and 2029
Exhibits 36: Threat of new entrants - Impact of key factors in 2024 and 2029
Exhibits 37: Threat of substitutes - Impact of key factors in 2024 and 2029
Exhibits 38: Threat of rivalry - Impact of key factors in 2024 and 2029
Exhibits 39: Chart on Market condition - Five forces 2024 and 2029
Exhibits 40: Chart on Deployment - Market share 2024-2029 (%)
Exhibits 41: Data Table on Deployment - Market share 2024-2029 (%)
Exhibits 42: Chart on Comparison by Deployment
Exhibits 43: Data Table on Comparison by Deployment
Exhibits 44: Chart on On-premises - Market size and forecast 2024-2029 ($ million)
Exhibits 45: Data Table on On-premises - Market size and forecast 2024-2029 ($ million)
Exhibits 46: Chart on On-premises - Year-over-year growth 2024-2029 (%)
Exhibits 47: Data Table on On-premises - Year-over-year growth 2024-2029 (%)
Exhibits 48: Chart on Cloud - Market size and forecast 2024-2029 ($ million)
Exhibits 49: Data Table on Cloud - Market size and forecast 2024-2029 ($ million)
Exhibits 50: Chart on Cloud - Year-over-year growth 2024-2029 (%)
Exhibits 51: Data Table on Cloud - Year-over-year growth 2024-2029 (%)
Exhibits 52: Market opportunity by Deployment ($ million)
Exhibits 53: Data Table on Market opportunity by Deployment ($ million)
Exhibits 54: Chart on Application - Market share 2024-2029 (%)
Exhibits 55: Data Table on Application - Market share 2024-2029 (%)
Exhibits 56: Chart on Comparison by Application
Exhibits 57: Data Table on Comparison by Application
Exhibits 58: Chart on Defense - Market size and forecast 2024-2029 ($ million)
Exhibits 59: Data Table on Defense - Market size and forecast 2024-2029 ($ million)
Exhibits 60: Chart on Defense - Year-over-year growth 2024-2029 (%)
Exhibits 61: Data Table on Defense - Year-over-year growth 2024-2029 (%)
Exhibits 62: Chart on IT - Market size and forecast 2024-2029 ($ million)
Exhibits 63: Data Table on IT - Market size and forecast 2024-2029 ($ million)
Exhibits 64: Chart on IT - Year-over-year growth 2024-2029 (%)
Exhibits 65: Data Table on IT - Year-over-year growth 2024-2029 (%)
Exhibits 66: Chart on Automotive - Market size and forecast 2024-2029 ($ million)
Exhibits 67: Data Table on Automotive - Market size and forecast 2024-2029 ($ million)
Exhibits 68: Chart on Automotive - Year-over-year growth 2024-2029 (%)
Exhibits 69: Data Table on Automotive - Year-over-year growth 2024-2029 (%)
Exhibits 70: Chart on Healthcare - Market size and forecast 2024-2029 ($ million)
Exhibits 71: Data Table on Healthcare - Market size and forecast 2024-2029 ($ million)
Exhibits 72: Chart on Healthcare - Year-over-year growth 2024-2029 (%)
Exhibits 73: Data Table on Healthcare - Year-over-year growth 2024-2029 (%)
Exhibits 74: Market opportunity by Application ($ million)
Exhibits 75: Data Table on Market opportunity by Application ($ million)
Exhibits 76: Chart on Technology - Market share 2024-2029 (%)
Exhibits 77: Data Table on Technology - Market share 2024-2029 (%)
Exhibits 78: Chart on Comparison by Technology
Exhibits 79: Data Table on Comparison by Technology
Exhibits 80: Chart on SMT - Market size and forecast 2024-2029 ($ million)
Exhibits 81: Data Table on SMT - Market size and forecast 2024-2029 ($ million)
Exhibits 82: Chart on SMT - Year-over-year growth 2024-2029 (%)
Exhibits 83: Data Table on SMT - Year-over-year growth 2024-2029 (%)
Exhibits 84: Chart on NMT - Market size and forecast 2024-2029 ($ million)
Exhibits 85: Data Table on NMT - Market size and forecast 2024-2029 ($ million)
Exhibits 86: Chart on NMT - Year-over-year growth 2024-2029 (%)
Exhibits 87: Data Table on NMT - Year-over-year growth 2024-2029 (%)
Exhibits 88: Chart on RBMT - Market size and forecast 2024-2029 ($ million)
Exhibits 89: Data Table on RBMT - Market size and forecast 2024-2029 ($ million)
Exhibits 90: Chart on RBMT - Year-over-year growth 2024-2029 (%)
Exhibits 91: Data Table on RBMT - Year-over-year growth 2024-2029 (%)
Exhibits 92: Chart on HMT - Market size and forecast 2024-2029 ($ million)
Exhibits 93: Data Table on HMT - Market size and forecast 2024-2029 ($ million)
Exhibits 94: Chart on HMT - Year-over-year growth 2024-2029 (%)
Exhibits 95: Data Table on HMT - Year-over-year growth 2024-2029 (%)
Exhibits 96: Chart on EBMT - Market size and forecast 2024-2029 ($ million)
Exhibits 97: Data Table on EBMT - Market size and forecast 2024-2029 ($ million)
Exhibits 98: Chart on EBMT - Year-over-year growth 2024-2029 (%)
Exhibits 99: Data Table on EBMT - Year-over-year growth 2024-2029 (%)
Exhibits 100: Market opportunity by Technology ($ million)
Exhibits 101: Data Table on Market opportunity by Technology ($ million)
Exhibits 102: Chart on Usage - Market share 2024-2029 (%)
Exhibits 103: Data Table on Usage - Market share 2024-2029 (%)
Exhibits 104: Chart on Comparison by Usage
Exhibits 105: Data Table on Comparison by Usage
Exhibits 106: Chart on H2M translation - Market size and forecast 2024-2029 ($ million)
Exhibits 107: Data Table on H2M translation - Market size and forecast 2024-2029 ($ million)
Exhibits 108: Chart on H2M translation - Year-over-year growth 2024-2029 (%)
Exhibits 109: Data Table on H2M translation - Year-over-year growth 2024-2029 (%)
Exhibits 110: Chart on M2M translation - Market size and forecast 2024-2029 ($ million)
Exhibits 111: Data Table on M2M translation - Market size and forecast 2024-2029 ($ million)
Exhibits 112: Chart on M2M translation - Year-over-year growth 2024-2029 (%)
Exhibits 113: Data Table on M2M translation - Year-over-year growth 2024-2029 (%)
Exhibits 114: Market opportunity by Usage ($ million)
Exhibits 115: Data Table on Market opportunity by Usage ($ million)
Exhibits 116: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 117: Chart on Market share By Geographical Landscape 2024-2029 (%)
Exhibits 118: Data Table on Market share By Geographical Landscape 2024-2029 (%)
Exhibits 119: Chart on Geographic comparison
Exhibits 120: Data Table on Geographic comparison
Exhibits 121: Chart on North America - Market size and forecast 2024-2029 ($ million)
Exhibits 122: Data Table on North America - Market size and forecast 2024-2029 ($ million)
Exhibits 123: Chart on North America - Year-over-year growth 2024-2029 (%)
Exhibits 124: Data Table on North America - Year-over-year growth 2024-2029 (%)
Exhibits 125: Chart on Europe - Market size and forecast 2024-2029 ($ million)
Exhibits 126: Data Table on Europe - Market size and forecast 2024-2029 ($ million)
Exhibits 127: Chart on Europe - Year-over-year growth 2024-2029 (%)
Exhibits 128: Data Table on Europe - Year-over-year growth 2024-2029 (%)
Exhibits 129: Chart on APAC - Market size and forecast 2024-2029 ($ million)
Exhibits 130: Data Table on APAC - Market size and forecast 2024-2029 ($ million)
Exhibits 131: Chart on APAC - Year-over-year growth 2024-2029 (%)
Exhibits 132: Data Table on APAC - Year-over-year growth 2024-2029 (%)
Exhibits 133: Chart on South America - Market size and forecast 2024-2029 ($ million)
Exhibits 134: Data Table on South America - Market size and forecast 2024-2029 ($ million)
Exhibits 135: Chart on South America - Year-over-year growth 2024-2029 (%)
Exhibits 136: Data Table on South America - Year-over-year growth 2024-2029 (%)
Exhibits 137: Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Exhibits 138: Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Exhibits 139: Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Exhibits 140: Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Exhibits 141: Chart on US - Market size and forecast 2024-2029 ($ million)
Exhibits 142: Data Table on US - Market size and forecast 2024-2029 ($ million)
Exhibits 143: Chart on US - Year-over-year growth 2024-2029 (%)
Exhibits 144: Data Table on US - Year-over-year growth 2024-2029 (%)
Exhibits 145: Chart on China - Market size and forecast 2024-2029 ($ million)
Exhibits 146: Data Table on China - Market size and forecast 2024-2029 ($ million)
Exhibits 147: Chart on China - Year-over-year growth 2024-2029 (%)
Exhibits 148: Data Table on China - Year-over-year growth 2024-2029 (%)
Exhibits 149: Chart on Germany - Market size and forecast 2024-2029 ($ million)
Exhibits 150: Data Table on Germany - Market size and forecast 2024-2029 ($ million)
Exhibits 151: Chart on Germany - Year-over-year growth 2024-2029 (%)
Exhibits 152: Data Table on Germany - Year-over-year growth 2024-2029 (%)
Exhibits 153: Chart on Canada - Market size and forecast 2024-2029 ($ million)
Exhibits 154: Data Table on Canada - Market size and forecast 2024-2029 ($ million)
Exhibits 155: Chart on Canada - Year-over-year growth 2024-2029 (%)
Exhibits 156: Data Table on Canada - Year-over-year growth 2024-2029 (%)
Exhibits 157: Chart on UK - Market size and forecast 2024-2029 ($ million)
Exhibits 158: Data Table on UK - Market size and forecast 2024-2029 ($ million)
Exhibits 159: Chart on UK - Year-over-year growth 2024-2029 (%)
Exhibits 160: Data Table on UK - Year-over-year growth 2024-2029 (%)
Exhibits 161: Chart on Japan - Market size and forecast 2024-2029 ($ million)
Exhibits 162: Data Table on Japan - Market size and forecast 2024-2029 ($ million)
Exhibits 163: Chart on Japan - Year-over-year growth 2024-2029 (%)
Exhibits 164: Data Table on Japan - Year-over-year growth 2024-2029 (%)
Exhibits 165: Chart on India - Market size and forecast 2024-2029 ($ million)
Exhibits 166: Data Table on India - Market size and forecast 2024-2029 ($ million)
Exhibits 167: Chart on India - Year-over-year growth 2024-2029 (%)
Exhibits 168: Data Table on India - Year-over-year growth 2024-2029 (%)
Exhibits 169: Chart on France - Market size and forecast 2024-2029 ($ million)
Exhibits 170: Data Table on France - Market size and forecast 2024-2029 ($ million)
Exhibits 171: Chart on France - Year-over-year growth 2024-2029 (%)
Exhibits 172: Data Table on France - Year-over-year growth 2024-2029 (%)
Exhibits 173: Chart on Italy - Market size and forecast 2024-2029 ($ million)
Exhibits 174: Data Table on Italy - Market size and forecast 2024-2029 ($ million)
Exhibits 175: Chart on Italy - Year-over-year growth 2024-2029 (%)
Exhibits 176: Data Table on Italy - Year-over-year growth 2024-2029 (%)
Exhibits 177: Chart on The Netherlands - Market size and forecast 2024-2029 ($ million)
Exhibits 178: Data Table on The Netherlands - Market size and forecast 2024-2029 ($ million)
Exhibits 179: Chart on The Netherlands - Year-over-year growth 2024-2029 (%)
Exhibits 180: Data

Executive Summary

The following companies are recognized as the key players in the global machine translation market: Alphabet Inc., ARGOS TRANSLATIONS Sp. z o.o., Babylon Software Ltd., Cloudwords Inc., CSOFT International Inc., Global Lingo Ltd., Honyaku Center Inc., International Business Machines Corp., Lingotek Inc., Lingua Custodia, Lionbridge Technologies LLC, Microsoft Corp., Omniscien Technologies, Promt, RWS Holdings PLC, SYSTRAN SA, Teleperformance SE, thebigword Group Ltd., TransPerfect Global Inc., and Welocalize Inc..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is rising use of multilingual ai."

According to the report, one of the major drivers for this market is the increasing demand for content localization.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Alphabet Inc.
  • ARGOS TRANSLATIONS Sp. z o.o.
  • Babylon Software Ltd.
  • Cloudwords Inc.
  • CSOFT International Inc.
  • Global Lingo Ltd.
  • Honyaku Center Inc.
  • International Business Machines Corp.
  • Lingotek Inc.
  • Lingua Custodia
  • Lionbridge Technologies LLC
  • Microsoft Corp.
  • Omniscien Technologies
  • Promt
  • RWS Holdings PLC
  • SYSTRAN SA
  • Teleperformance SE
  • thebigword Group Ltd.
  • TransPerfect Global Inc.
  • Welocalize Inc.

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