Press release
AI in Language Translation Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis
AI in Language Translation
What Is the Current AI in Language Translation Market Size and Its Estimated Growth Rate?
In recent periods, the growth of the AI in language translation market has been exponential. Its growth is projected to rise from $2.34 billion in 2024 to $2.94 billion in 2025, with a compound annual growth rate (CAGR) of 25.2%. The expansion during the historical period can be traced back to progress in machine learning and neural networks, the surge in globalization, the emergence of natural language processing (NLP) technologies, the expansion of the Internet and digital content, along with the enhancements in computational capability and cloud computing.
The projected size of the AI in language translation market is anticipated to experience a massive expansion in the coming years. By 2029, its value is predicted to reach $7.16 billion, with a compound annual growth rate (CAGR) of 25.0%. This expected escalation during the forecast period can be attributed to factors such as rising globalization, enhancements in natural language processing (NLP), a growing need for multilingual customer service, integration with other forms of technology, and the growth of e-commerce. Key trends between now and the forecast period are anticipated to be the growing adoption of neural machine translation (NMT), the development of multilingual competencies, integration with voice acknowledgement and speech-to-text technologies, growth in global business and e-commerce, as well as personalized and context-sensitive translations.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19276
How Are Emerging Segments Shaping the AI in Language Translation Market Landscape?
The AI in language translationmarket covered in this report is segmented -
1) By Component: Software, Services
2) By Deployment Mode: Cloud-Based, On-Premise
3) By End-Use: Commercial Use, Personal Use
Subsegments:
1) By Software: Machine Translation Software, Neural Machine Translation (NMT) Software, Statistical Machine Translation (SMT) Software, Rule-Based Machine Translation Software, Cloud-Based Translation Software, Translation Memory Software, Post-Editing Software, AI-Powered Language Translation Apps
2) By Services: Translation As A Service (TaaS), AI-Powered Language Localization Services, Language Model Training Services, Post-Editing And Proofreading Services, Data Annotation Services, Consulting And Customization Services, Multilingual Support Services, Cloud Translation Platform Integration Services
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19276&type=smp
Which Growth Factors Are Influencing AI in Language Translation Market Expansion?
The surge in e-commerce is anticipated to fuel the expansion of the AI in language translation market. E-commerce consists of online buying and selling of products and services, covering a range of internet-based business models. It permits dealings between businesses, consumers, and other parties via digital avenues. E-commerce is on the rise due to the increasing accessibility of the internet and smartphones, the rising consumer inclination towards online shopping, advancements in payment and logistics solutions, and the convenience of home-based shopping. AI-powered language translation enriches e-commerce by facilitating correct and efficient communication in multiple languages, thus improving the customer experience and extending global reach. For example, the Census Bureau of the Department of Commerce, a US government division, reported that in the first quarter of 2024, U.S. retail e-commerce sales amounted to $289.2 billion, a 2.1% (0.7%) increase from the last quarter of 2023. Therefore, the uptake in online shopping and the rise of e-commerce platforms are catalysts for the growth of the AI in language translation market.
Who Are the Dominant Players Across Different AI in Language Translation Market Segments?
Major companies operating in the AI in language translation market are Google LLC, Microsoft Corporation, Alibaba Group Holding Limited, Tencent Holdings Ltd., Amazon Web Services Inc., International Business Machines Corporation, Baidu Inc., Zebra Technologies, iFLYTEK, TransPerfect, Sogou Inc., Lionbridge, Appen Limited, DeepL, ABBYY LLC, Unbabel, Smartling, PhraseApp, SYSTRAN, Tilde, Lilt, Language I/O, Pangeanic, VerbalizeIt
What Are the Latest Developing Trends in the AI in Language Translation Market?
Top firms in the AI in language translation sector are concentrating on creating cutting-edge products, such as customizable language translators, in order to stand out in the marketplace. Customizable language translators are AI-powered or software-based mechanisms that can be altered to cater to certain requirements, such as adjusting to specialized industry lingo, regional dialects, or personal user choices. For example, Smartling Inc., an American translation corporation, unveiled its AI Translation Toolkit in May 2024. This inclusive solution is created to enhance translation precision, lower expenses, and decrease delivery times. The kit includes several sophisticated features, such as AI Translation Memory, which boosts translation memory capabilities by as much as 35 percentage points, leading to substantial client savings. In addition, the AI Glossary Term Insertion feature guarantees the proper and grammatical use of glossary words while also automating the content cleanup process to reduce mistakes.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/ai-in-language-translation-global-market-report
Which Geographic Regions Are Expected to Dominate the AI in Language Translation Market in the Coming Years?
North America was the largest region in the AI in language translation market in 2024. The regions covered in the AI in language translation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the AI in Language Translation Market?
2. What is the CAGR expected in the AI in Language Translation Market?
3. What Are the Key Innovations Transforming the AI in Language Translation Industry?
4. Which Region Is Leading the AI in Language Translation Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release AI in Language Translation Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis here
News-ID: 4046456 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Translation
Which chinese Professional translation company offers reliable Certified transla …
Communication across linguistic boundaries has become an essential element of global commerce, making efficient and accurate translation services a necessity for businesses operating or expanding into China's rapidly evolving market. Companies operating or expanding into this rapidly changing Chinese market must possess high-quality language services--particularly certified translation--that meet stringent standards of accuracy and official recognition for legal contracts, regulatory filings, intellectual property documents, official certificates and official filings that require…
Professional Translation Services | Mars Translation
In an era where globalization has become a driving force behind business expansion, effective communication across languages and cultures is no longer a luxury-it is a necessity. Companies aiming to succeed in international markets face the critical challenge of connecting with diverse audiences while maintaining the authenticity of their brand message. This is where Mars Translation steps in. As a leading provider of translation and localization services, Mars Translation has…
ITU Translation – Translation Agency Based In Miami Launches New Website
2017 has been an eventful year for ITU Translation, the leading provider for document translation services and language services in Miami because they conclude the year by upgrading their abilities to provide a complete digital experience to document translation services.
ITU Translation has created a new website to make its services more easily available to worldwide and local businesses located in Miami who are searching for a translation agency at their…
ITU Translation Services Launches Translation Services in Miami
ITU Translation Services is the one-stop translation company happy offering translation services in Miami and Florida. Miami is rich in culture. The mixture of nationalities, languages, and cultures is what makes Miami beautiful. In Miami of most places, we understand that communication is important. In a city packed with various languages and nationalities, not understanding each other is not a solution. ITU Translation Services have discovered solutions to connect the…
Translation Express is Technology-Powered by Projetex Translation Management Sys …
Translation Express, one of the most recognized companies in Singapore and ASEAN countries, became powered by Projetex: Translation Management System for Translation Agencies by AIT. Projetex was selected to support the Translation Express business with the top-notch up-to-date workflow solutions.
The main feature of Translation Express has been in undertaking the task of translation only by professionally-qualified translators working into their mother-tongue. More than 200 Translation Express linguists are located…
Translation Services USA Releases Translation Cloud Facebook App
Translation Services USA, a trusted provider of professional translations has launched the Translation Cloud Facebook App, the latest addition to the companies quickly expanding list of language resources and tools. Harnessing the power of Facebook’s 550M users, Translation Cloud is a fresh and easy-to-use platform for freelance translators and can be used all over the world.
Translation Cloud boasts a simplified sign-up process, taking no more than 5 minutes to complete.…
