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AI Language Translation Services Market Dynamics and Key Factors That Will Drive The Market's Growth, Global Opportunity and Industry Forecast 2029 - Valuates Reports
AI Language Translation Services market is projected to reach US$ million in 2029, increasing from US$ million in 2022, with the CAGR of % during the period of 2023 to 2029.Get sample report - https://reports.valuates.com/request/sample/QYRE-Auto-15E14855/Global_AI_Language_Translation_Services_Market_Research_Report_2023
AI-enabled translation services utilize artificial intelligence techniques to enhance the speed, quality, and cost-effectiveness of language translation workflows. One of the most impactful advancements in this field is neural machine translation (NMT). However, there are also other services being developed to augment and automate various tasks in enterprise translation processes.
Key companies involved in the AI Language Translation Services industry include Tarjama, TransPerfect, RWS, Language IO, Lilt, MemSource, ModelFront, AppTek, and Smartling, among others. In 2022, these top three players accounted for % of the global supply in the industry.
In terms of consumption regions, % of AI Language Translation Services were sold in North America, Europe, and the Asia Pacific region in 2022. Notably, China plays a pivotal role in the AI Language Translation Services market and is expected to attract increased attention from industry insiders and investors in the future.
Segment by Type
-Cloud Based
-On-premises
Segment by Application
-SMEs
-Large Enterprises
-Others
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