Global Machine Translation Market Size, Status and Forecast 2021-2027

Machine translation, sometimes referred to by the abbreviation MT (not to be confused with computer-aided translation, machine-aided human translation (MAHT) or interactive translation) is a sub-field of computational linguistics that investigates the use of software to translate text or speech from one language to another.
The industry is mainly driven by the increasing demand for automated translations to remove repetitive tasks and the rising need for localization to help serve the customers in an enhanced manner.

Market Analysis and Insights: Global Machine Translation Market
The global Machine Translation market size is projected to reach US$ XX million by 2026, from US$ XX million in 2019, at a CAGR of XX% during 2021-2026.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Machine Translation market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Machine Translation market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Machine Translation market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Machine Translation market.

Global Machine Translation Scope and Market Size
Machine Translation market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Machine Translation market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Automated Translation
Smart Automated Translation
Raw Machine Translation
Fully Automated Usable Translations
Rule Based Machine Translation
Statistical Machine Translation Technology

Segment by Application
Automotive
Military & Defense
Electronics
IT
Healthcare
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
AppTek
Asia Online
Cloudwords
IBM
Lighthouse IP
Lingo24
Lingotek
Lionbridge Technologies
Lucy Software and Services

Frequently Asked Questions