Global AI Translation Market Size 2020 By Emerging Trends, Industry Share, Growth Strategy, Developing Technologies and SWOT Analysis till 2027

AI translation is type of advanced artificial intelligence which not only translate words that are written or spoken, but also translate the meaning of the message. AI translation gives greater accuracy and fewer misunderstandings than simple machine translation. AI translation is based on text-to text translation and speech recognition which converts words, phrase, as well as paragraph into another language.

Increase in growth of emerging economies as well as internationalization of many businesses that want to offer their content, products, and services in many languages as possible which is consider as key driving factor which is expected to boost the global AI translation market growth. Furthermore, by using AI translation technology, the text and spoken words are translated at faster speeds; multiple translation organizations use it in order to generate multilingual content. Also, this technology increases the productivity of translators when performing translation, localization and terminology work. Furthermore, increase in demand for content localization will positively contribute the market growth. Moreover, increase in need for cost-effective and high speed translation will fuel the market growth over the forecast period. In addition that, growing importance of cloud computing has resulted in increase in demand for cloud based translation tools which is expected to propel the global AI translation market growth.

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However, high cost of AI translators is the major challenging factor which is expected to hinder the global AI translation market growth. Also, data security and privacy concerns will affect the market growth during this analysis period.

Market Segmentation

Global AI Translation Market is segmented into technology such as Machine Translation, Neural Machine Translation, Voice Recognition, and Others, by deployment type such as on-Premise, and Cloud. Further, market is segmented into end user such as Automotive, Military & Defense, Electronics, Information & Technology, Healthcare, and Others.

Also, Global AI Translation Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players

Various key players are discussed in this report such as IBM Corporation, Microsoft Corporation, SDL PLC, Lionbridge Technologies, Lighthouse IP Group, Google, Omniscien Technologies Inc, TransPerfect, Language Line Solutions ,and RWS Holdings.

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Market Taxonomy

By Technology

• Machine Translation
• Neural Machine Translation
• Voice Recognition
• Others

By Deployment Type

• On-Premise
• Cloud

By End User

• Automotive
• Military & Defense
• Electronics
• Information & Technology
• Healthcare
• Others

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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Vishal Thakur
Research Support Specialist
QualiKet Research
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