AI Language Translation Services Market Research Report 2023 - Valuates Reports

AI-enabled translation services as those able to use AI methods to improve the speed, quality and cost of the language translation workflows. The AI-enabled service with the most profound effect is neural machine translation (NMT).

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However, other services are now being deployed to augment and automate additional tasks in the enterprise translation process. Examples include: Translation management system workflow classifications that use machine learning (ML) methods to train the workflow classification based on feedback about the results. Adaptive post-editing machine translation (PEMT) and computer-assisted translation (CAT) editing tools that incorporate any edits back into the translation model. Translation risk assessments that use composite AI (that is, multiple different methods) to provide real-time predictions of the level of risk in a given translation. Enterprise translation hubs that allow enterprises, via a single interface, to select the optimal resource - for instance, selecting between different NMT solutions based on cost or quality. NMT data cleaning and preparation services, which allow for improved NMT model training and customization. These solutions may be used to augment the current translation processes or to develop new workflows.
According to QYResearch's new survey, global 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. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole AI Language Translation Services market research.
Key companies engaged in the AI Language Translation Services industry include Tarjama, TransPerfect, RWS, Language IO, Lilt, MemSource, ModelFront, AppTek and Smartling, etc. Among those companies, the top 3 players guaranteed % supply worldwide in 2022.
When refers to consumption region, % value of AI Language Translation Services were sold to North America, Europe and Asia Pacific in 2022. Moreover, China, plays a key role in the whole AI Language Translation Services market and estimated to attract more attentions from industry insiders and investors.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global AI Language Translation Services market with multiple angles, which provides sufficient supports to readers' strategy and decision making.

Segment by Type
Cloud Based
On-premises

Segment by Application
SMEs
Large Enterprises
Others

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