Press release
Global Machine Translation Market Report, History and Forecast 2018-2029
Global Machine Translation market is projected to reach US$ 1098.8 million in 2029, increasing from US$ 487.1 million in 2022, with the CAGR of 12.5% during the period of 2023 to 2029.
Machine translation (MT) is a sub-field of computational linguistics. Machine translation systems are applications or online services that can translate source content into target languages by using machine-learning technologies to translate large amounts of text from and to any of their supported languages.
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https://reports.valuates.com/market-reports/QYRE-Auto-19M6150/global-machine-translation
Global key players of machine translation include Google, RWS, Microsoft and Lionbridge. Global top four manufacturers hold a share about 65%. In terms of product, cloud is the largest segment, with a share about 93%. And in terms of application, the largest application is B-end customer, which has a share about 71 percent.
Segment by Type
Cloud
On Premise
Segment by Application
B-end customer
C-end customer
Government and Defense
BY COMPANY
RWS
Microsoft
Lionbridge
AWS
IBM
Omniscien Technologies
Baidu
Tencent Cloud TMT
Alibaba Cloud
KantanAI
Smart Communications, Inc.
LLSOLLU
BY REGION
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
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
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SIMILAR REPORT
https://reports.valuates.com/market-reports/QYRE-Auto-35C2296/covid-19-impact-on-global-natural-language-processing-nlp
https://reports.valuates.com/market-reports/QYRE-Auto-11L2948/global-machine-translation-software
https://reports.valuates.com/market-reports/QYRE-Auto-18O2321/global-language-translation-software-services
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