Machine Translation Market - Top Companies and Manufacturers

  • Report ID: 4767
  • Published Date: Jun 17, 2024
  • Report Format: PDF, PPT

Companies Dominating the Machine Translation Landscape

top-features-companies
    • Lilt, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • AppTek LLC
    • Amazon Web Services, Inc.
    • Alibaba Cloud
    • Cloudwords Inc.
    • Google LLC
    • IBM Corporation
    • Lionbridge Technologies, LLC.
    • Microsoft Corporation
    • Smart Communications, Inc.

Browse Key Market Insights with Data Illustration:

In the News

  • AppTek announces the launch of a new neural machine translation system that takes metadata into account as inputs to modify the output and gives localization specialists access to more precise user-influenced machine translations. Apptek also added hundreds of language and dialect pairs to its main machine translation platform.

  • Lilt, Inc. collaborated with Foresite Technology Solutions to bring multiple language content to the platform of Foresite and increase the productivity and skills of construction workers. Moreover,  Foresite seeks to reduce communication-related safety concerns for construction workers.


Author Credits:  Abhishek Verma


  • Report ID: 4767
  • Published Date: Jun 17, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of machine translation is evaluated at USD 1.34 Billion.

The machine translation market size was valued at USD 1.2 Billion in 2023 and is expected to reach USD 5.13 Billion by the end of 2036, registering around 12.6% CAGR during the forecast period i.e., between 2024-2036. Increasing demand for multiple languages, growing E-commerce, and rising use of NLP of over-the-counter drugs are the major factors driving the market growth.

North America industry is projected to be the largest with a share of about 40% by 2036, due to the rising investment in advanced technologies such as artificial intelligence and machine learning as a service in the region.

Lilt, Inc., AppTek LLC, Amazon Web Services, Inc., Alibaba Cloud, Cloudwords Inc., Google LLC, IBM Corporation, Lionbridge Technologies, LLC., Microsoft Corporation, Smart Communications, Inc.
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