Machine Translation Market Size & Share, by Technology (Statistical, Neural, Rule-Based); Deployment (On-Premise, Cloud); End-user (Military & Defense, Automotive, E-Commerce, IT, Healthcare) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4767
  • Published Date: Mar 29, 2023
  • Report Format: PDF, PPT

Companies Dominating the Machine Translation Landscape

    • 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, Hetal Singh

  • Report ID: 4767
  • Published Date: Mar 29, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

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.

The market size of machine translation is anticipated to attain a CAGR of 20% over the forecast period, i.e., 2023-2035.

Lack of skills to understand the context, inaccuracy in the translation, and high cost of implementation are estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are AppTek, Amazon Web Services, Inc., Alibaba Cloud, Baidu, Cloudwords Inc., Google LLC, IBM Corporation, Lionbridge Technologies, LLC, Microsoft Corporation, Smart Communications, Inc., Lilt, Inc., and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by technology, deployment, end user, and by region.

The military & defense segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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