Machine Translation (MT) Market Report

Global and Region Machine Translation (MT) Market Demand & Opportunity Outlook 2022-2028

  • POSTDATE：Jul 29, 2022
  • PAGES：140
  • REPORT CODE：GMM889475
  • REPORT SUMMARY
  • TABLE OF CONTENTS

  • Machine translation, also known as automatic translation, is the process of transforming one natural language (source language) into another (target language) by computer.

    The Machine Translation Market was valued at USD 550 million in 2019, and it is expected to reach USD 1060 million by 2026, registering a CAGR of 12%, during the period of 2019-2026. North America is expected to receive the largest revenue over the forecast period. Machine translation is an effective way to eliminate language barriers in different regions. The main reason for the expansion of North American MT industry is the growing number of government initiatives and service providers in the region.

    The increasing demand for content localization, as well as the increasing demand for cost-effective and high-speed translation, are some of the key factors driving the growth of the machine translation market. Globalization is also a factor driving the growth of the machine translation market. It helps tourists understand the local language, and also serves the business needs of multinational companies for communication and cooperation. As machine translation applications achieve a higher level of accuracy, they are increasingly used in different business areas, introducing new applications and enhanced machine learning models.

    The report details the trend, potential and market size of Machine Translation (MT) market, and analyzes the current situation and prospects of the market from both qualitative and quantitative aspects, which can be roughly divided into three parts.

    The first part (Chapter1-7) mainly covers the qualitative analysis of Machine Translation (MT)market, defines the market attractiveness level of Machine Translation (MT) market through Porter's Five Forces Analysis, and summarizes the different factors in the overall environment through PEST analysis. Understand the distribution of industrial chain value in each link of industrial chain through the analysis of industrial chain structure. Thus estimate the market space of each link.

    The second part (Chapter8-12), based on the segmentation of Machine Translation (MT) industry, describes the types of Machine Translation (MT) market, the applications of major players and the market size, and deeply analyzes the current situation of the global Machine Translation (MT) market and the development prospects and opportunities of Machine Translation (MT) industry.

    The third part (Chapter14-15) includes the market positions of the major players and information on the market participants, which will help you gain a comprehensive understanding of the current competitive situation and potential growth opportunities in the market.

    As COVID-19 continues to impact the global economy in 2022, the report also considers the short - and long-term impacts of COVID-19 on the global Machine Translation (MT) market in Chapter 13.

    By Player:

    • Pangeanic

    • Lighthouse IP Group

    • IBM Corporation

    • Asia Online Pte Ltd

    • Welocalize Inc

    • Cloudwords Inc

    • Lingotek Inc

    • Raytheon BBN Technologies

    • Lionbridge Technologies Inc

    • AppTek

    • SDL PLC

    • Smart Communications

    • Lucy Software and Services GmbH

    • Moravia IT

    • ProMT

    • Lingo24 Ltd

    • Systran International

    By Type:

    • Rule-Based Machine Translation (RBMT)

    • Statistical Machine Translation (SMT)

    • Example-based Machine Translation (EBMT)

    • Hybrid Machine Translation (HMT)

    • Neural Machine Translation (NMT)

    By End-User:

    • Healthcare

    • Automotive

    • Military & Defense

    • IT

    • Others

    By Geography:

    • United States

    • Europe

    • China

    • Japan

    • India

    • South Korea

  • TABLE OF CONTENT

    1 Introduction

    • 1.1 Market Definition

    • 1.2 Market Segment Analysis

    • 1.3 Market Size 2022

    • 1.4 Machine Translation (MT) Market Outlook: Forecast for 2022 - 2028

    • 1.5 Pricing Analysis

    2 Executive Summary

    3 Machine Translation (MT) Market Lineage Outlook

    • 3.1 Parent Market Outlook

    • 3.2 Related/Ancillary Market Outlook

    • 3.3 Penetration & Growth Prospect Mapping, 2022

    4 Market Analysis Tools: Porter's Five Forces

    • 4.1 Supplier Power

    • 4.2 Buyer Power

    • 4.3 Substitution Threat

    • 4.4 Threat of New Entrants

    • 4.5 Competitive Rivalry

    5 Machine Translation (MT) Industry Analysis - PEST (Political & Legal, Economic, Social, and Technological)

    • 5.1 Political/Legal Landscape

    • 5.2 Economic Landscape

    • 5.3 Social Landscape

    • 5.4 Technology Landscape

    6 Machine Translation (MT) Market - Value Chain Analysis

    • 6.1 Industry's Value Chain Analysis

    • 6.2 Product Life Cycle

    • 6.3 User Perspective Analysis

    7 Region and Country-wise Machine Translation (MT) Market Analysis and Outlook to 2022

    • 7.1 Global Machine Translation (MT) Consumption (2017-2022)

    • 7.2 United States Machine Translation (MT) Consumption (2017-2022)

    • 7.3 Europe Machine Translation (MT) Consumption (2017-2022)

    • 7.4 China Machine Translation (MT) Consumption (2017-2022)

    • 7.5 Japan Machine Translation (MT) Consumption (2017-2022)

    • 7.6 India Machine Translation (MT) Consumption (2017-2022)

    • 7.7 South Korea Machine Translation (MT) Consumption (2017-2022)

    8 Region and Country-wise Machine Translation (MT) Market Analysis and Outlook to 2028

    • 8.1 Global Machine Translation (MT) Consumption Forecast (2022-2028)

    • 8.2 United States Machine Translation (MT) Consumption Forecast (2022-2028)

    • 8.3 Europe Machine Translation (MT) Consumption Forecast (2022-2028)

    • 8.4 China Machine Translation (MT) Consumption Forecast (2022-2028)

    • 8.5 Japan Machine Translation (MT) Consumption Forecast (2022-2028)

    • 8.6 India Machine Translation (MT) Consumption Forecast (2022-2028)

    • 8.7 South Korea Machine Translation (MT) Consumption Forecast (2022-2028)

    9 Global Machine Translation (MT) Market Outlook by Types and Applications to 2022

    • 9.1 Global Machine Translation (MT) Consumption and Growth Rate by Type (2017-2022)

      • 9.1.1 Global Rule-Based Machine Translation (RBMT) Consumption and Growth Rate (2017-2022)

      • 9.1.2 Global Statistical Machine Translation (SMT) Consumption and Growth Rate (2017-2022)

      • 9.1.3 Global Example-based Machine Translation (EBMT) Consumption and Growth Rate (2017-2022)

      • 9.1.4 Global Hybrid Machine Translation (HMT) Consumption and Growth Rate (2017-2022)

      • 9.1.5 Global Neural Machine Translation (NMT) Consumption and Growth Rate (2017-2022)

    • 9.2 Global Machine Translation (MT) Consumption and Growth Rate by Application (2017-2022)

      • 9.2.1 Global Healthcare Consumption and Growth Rate (2017-2022)

      • 9.2.2 Global Automotive Consumption and Growth Rate (2017-2022)

      • 9.2.3 Global Military & Defense Consumption and Growth Rate (2017-2022)

      • 9.2.4 Global IT Consumption and Growth Rate (2017-2022)

      • 9.2.5 Global Others Consumption and Growth Rate (2017-2022)

    10 Global Machine Translation (MT) Market Outlook by Types and Applications to 2028

    • 10.1 Global Machine Translation (MT) Consumption Forecast and Growth Rate by Type (2022-2028)

      • 10.1.1 Global Rule-Based Machine Translation (RBMT) Consumption Forecast and Growth Rate (2022-2028)

      • 10.1.2 Global Statistical Machine Translation (SMT) Consumption Forecast and Growth Rate (2022-2028)

      • 10.1.3 Global Example-based Machine Translation (EBMT) Consumption Forecast and Growth Rate (2022-2028)

      • 10.1.4 Global Hybrid Machine Translation (HMT) Consumption Forecast and Growth Rate (2022-2028)

      • 10.1.5 Global Neural Machine Translation (NMT) Consumption Forecast and Growth Rate (2022-2028)

    • 10.2 Global Machine Translation (MT) Consumption Forecast and Growth Rate by Application (2022-2028)

      • 10.2.1 Global Healthcare Consumption Forecast and Growth Rate (2022-2028)

      • 10.2.2 Global Automotive Consumption Forecast and Growth Rate (2022-2028)

      • 10.2.3 Global Military & Defense Consumption Forecast and Growth Rate (2022-2028)

      • 10.2.4 Global IT Consumption Forecast and Growth Rate (2022-2028)

      • 10.2.5 Global Others Consumption Forecast and Growth Rate (2022-2028)

    11 Global Machine Translation (MT) Import and Export Analysis (Top 5 Countries)

    • 11.1 Global Machine Translation (MT) Import by Region (Top 5 Countries) (2017-2028)

    • 11.2 Global Machine Translation (MT) Export by Region (Top 5 Countries) (2017-2028)

    12 Coronavirus Disease (COVID-19) Impact

    • 12.1 Industry Impact Analysis

    • 12.2 Machine Translation (MT) Market Outlook to 2028 - COVID-19 Affected Forecasts

    13 Competition Matrix

    • 13.1 Target Markets

    • 13.2 Comprehensive Analysis of Products in Competitive Markets

    14 Global Machine Translation (MT) Market Competitive Analysis

    • 14.1 Pangeanic

      • 14.1.1 Pangeanic Company Details

      • 14.1.2 Pangeanic Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

      • 14.1.3 Pangeanic Machine Translation (MT) Product and Service

    • 14.2 Lighthouse IP Group

      • 14.2.1 Lighthouse IP Group Company Details

      • 14.2.2 Lighthouse IP Group Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

      • 14.2.3 Lighthouse IP Group Machine Translation (MT) Product and Service

    • 14.3 IBM Corporation

      • 14.3.1 IBM Corporation Company Details

      • 14.3.2 IBM Corporation Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

      • 14.3.3 IBM Corporation Machine Translation (MT) Product and Service

    • 14.4 Asia Online Pte Ltd

      • 14.4.1 Asia Online Pte Ltd Company Details

      • 14.4.2 Asia Online Pte Ltd Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

      • 14.4.3 Asia Online Pte Ltd Machine Translation (MT) Product and Service

    • 14.5 Welocalize Inc

      • 14.5.1 Welocalize Inc Company Details

      • 14.5.2 Welocalize Inc Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

      • 14.5.3 Welocalize Inc Machine Translation (MT) Product and Service

    • 14.6 Cloudwords Inc

      • 14.6.1 Cloudwords Inc Company Details

      • 14.6.2 Cloudwords Inc Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

      • 14.6.3 Cloudwords Inc Machine Translation (MT) Product and Service

    • 14.7 Lingotek Inc

      • 14.7.1 Lingotek Inc Company Details

      • 14.7.2 Lingotek Inc Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

      • 14.7.3 Lingotek Inc Machine Translation (MT) Product and Service

    • 14.8 Raytheon BBN Technologies

      • 14.8.1 Raytheon BBN Technologies Company Details

      • 14.8.2 Raytheon BBN Technologies Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

      • 14.8.3 Raytheon BBN Technologies Machine Translation (MT) Product and Service

    • 14.9 Lionbridge Technologies Inc

      • 14.9.1 Lionbridge Technologies Inc Company Details

      • 14.9.2 Lionbridge Technologies Inc Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

      • 14.9.3 Lionbridge Technologies Inc Machine Translation (MT) Product and Service

    • 14.10 AppTek

      • 14.10.1 AppTek Company Details

      • 14.10.2 AppTek Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

      • 14.10.3 AppTek Machine Translation (MT) Product and Service

    • 14.11 SDL PLC

      • 14.11.1 SDL PLC Company Details

      • 14.11.2 SDL PLC Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

      • 14.11.3 SDL PLC Machine Translation (MT) Product and Service

    • 14.12 Smart Communications

      • 14.12.1 Smart Communications Company Details

      • 14.12.2 Smart Communications Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

      • 14.12.3 Smart Communications Machine Translation (MT) Product and Service

    • 14.13 Lucy Software and Services GmbH

      • 14.13.1 Lucy Software and Services GmbH Company Details

      • 14.13.2 Lucy Software and Services GmbH Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

      • 14.13.3 Lucy Software and Services GmbH Machine Translation (MT) Product and Service

    • 14.14 Moravia IT

      • 14.14.1 Moravia IT Company Details

      • 14.14.2 Moravia IT Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

      • 14.14.3 Moravia IT Machine Translation (MT) Product and Service

    • 14.15 ProMT

      • 14.15.1 ProMT Company Details

      • 14.15.2 ProMT Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

      • 14.15.3 ProMT Machine Translation (MT) Product and Service

    • 14.16 Lingo24 Ltd

      • 14.16.1 Lingo24 Ltd Company Details

      • 14.16.2 Lingo24 Ltd Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

      • 14.16.3 Lingo24 Ltd Machine Translation (MT) Product and Service

    • 14.17 Systran International

      • 14.17.1 Systran International Company Details

      • 14.17.2 Systran International Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

      • 14.17.3 Systran International Machine Translation (MT) Product and Service

    15 Appendix


    TABLE OF CHARTS

    • Table Definition of Machine Translation (MT)

    • Figure Machine Translation (MT) Picture

    • Table Global Machine Translation (MT) Market Size and Forecast 2022 - 2028 (USD million)

    • Figure Global Machine Translation (MT) Market Size and Forecast 2022 - 2028 (USD million)

    • Figure Global Machine Translation (MT) Market: Year-over-year Growth 2022 - 2028 (%)

    • Table Parent Market Analysis

    • Figure Parent Market Price

    • Table Related/Ancillary Market Outlook Analysis

    • Table Supplier Power Analysis

    • Table Buyer Power Analysis

    • Table Substitution Threat Analysis

    • Table Threat of New Entrants Analysis

    • Table Competitive Rivalry Analysis

    • Figure Global Machine Translation (MT) Consumption by Country (2017-2022)

    • Figure United States Machine Translation (MT) Consumption and Growth Rate (2017-2022)

    • Table Europe Machine Translation (MT) Consumption and Growth Rate (2017-2022)

    • Figure China Machine Translation (MT) Consumption and Growth Rate (2017-2022)

    • Figure Japan Machine Translation (MT) Consumption and Growth Rate (2017-2022)

    • Figure India Machine Translation (MT) Consumption and Growth Rate (2017-2022)

    • Figure South Korea Machine Translation (MT) Consumption and Growth Rate (2017-2022)

    • Figure Global Machine Translation (MT) Consumption Forecast by Country (2022-2028)

    • Figure United States Machine Translation (MT) Consumption Forecast and Growth Rate (2022-2028)

    • Table Europe Machine Translation (MT) Consumption Forecast and Growth Rate (2022-2028)

    • Figure China Machine Translation (MT) Consumption Forecast and Growth Rate (2022-2028)

    • Figure Japan Machine Translation (MT) Consumption Forecast and Growth Rate (2022-2028)

    • Figure India Machine Translation (MT) Consumption Forecast and Growth Rate (2022-2028)

    • Figure South Korea Machine Translation (MT) Consumption Forecast and Growth Rate (2022-2028)

    • Figure Global Rule-Based Machine Translation (RBMT) Consumption and Growth Rate (2017-2022)

    • Figure Global Statistical Machine Translation (SMT) Consumption and Growth Rate (2017-2022)

    • Figure Global Example-based Machine Translation (EBMT) Consumption and Growth Rate (2017-2022)

    • Figure Global Hybrid Machine Translation (HMT) Consumption and Growth Rate (2017-2022)

    • Figure Global Neural Machine Translation (NMT) Consumption and Growth Rate (2017-2022)

    • Figure Global Healthcare Consumption and Growth Rate (2017-2022)

    • Figure Global Automotive Consumption and Growth Rate (2017-2022)

    • Figure Global Military & Defense Consumption and Growth Rate (2017-2022)

    • Figure Global IT Consumption and Growth Rate (2017-2022)

    • Figure Global Others Consumption and Growth Rate (2017-2022)

    • Figure Global Rule-Based Machine Translation (RBMT) Consumption Forecast and Growth Rate (2022-2028)

    • Figure Global Statistical Machine Translation (SMT) Consumption Forecast and Growth Rate (2022-2028)

    • Figure Global Example-based Machine Translation (EBMT) Consumption Forecast and Growth Rate (2022-2028)

    • Figure Global Hybrid Machine Translation (HMT) Consumption Forecast and Growth Rate (2022-2028)

    • Figure Global Neural Machine Translation (NMT) Consumption Forecast and Growth Rate (2022-2028)

    • Figure Global Healthcare Consumption Forecast and Growth Rate (2022-2028)

    • Figure Global Automotive Consumption Forecast and Growth Rate (2022-2028)

    • Figure Global Military & Defense Consumption Forecast and Growth Rate (2022-2028)

    • Figure Global IT Consumption Forecast and Growth Rate (2022-2028)

    • Figure Global Others Consumption Forecast and Growth Rate (2022-2028)

    • Table Global Machine Translation (MT) Import by Region (Top 5 Countries) (2017-2028)

    • Table Global Machine Translation (MT) Export by Region (Top 5 Countries) (2017-2028)

    • Table Pangeanic (Foundation Year, Company Profile and etc.)

    • Table Pangeanic Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

    • Table Pangeanic Machine Translation (MT) Product and Service

    • Table Lighthouse IP Group (Foundation Year, Company Profile and etc.)

    • Table Lighthouse IP Group Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

    • Table Lighthouse IP Group Machine Translation (MT) Product and Service

    • Table IBM Corporation (Foundation Year, Company Profile and etc.)

    • Table IBM Corporation Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

    • Table IBM Corporation Machine Translation (MT) Product and Service

    • Table Asia Online Pte Ltd (Foundation Year, Company Profile and etc.)

    • Table Asia Online Pte Ltd Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

    • Table Asia Online Pte Ltd Machine Translation (MT) Product and Service

    • Table Welocalize Inc (Foundation Year, Company Profile and etc.)

    • Table Welocalize Inc Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

    • Table Welocalize Inc Machine Translation (MT) Product and Service

    • Table Cloudwords Inc (Foundation Year, Company Profile and etc.)

    • Table Cloudwords Inc Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

    • Table Cloudwords Inc Machine Translation (MT) Product and Service

    • Table Lingotek Inc (Foundation Year, Company Profile and etc.)

    • Table Lingotek Inc Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

    • Table Lingotek Inc Machine Translation (MT) Product and Service

    • Table Raytheon BBN Technologies (Foundation Year, Company Profile and etc.)

    • Table Raytheon BBN Technologies Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

    • Table Raytheon BBN Technologies Machine Translation (MT) Product and Service

    • Table Lionbridge Technologies Inc (Foundation Year, Company Profile and etc.)

    • Table Lionbridge Technologies Inc Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

    • Table Lionbridge Technologies Inc Machine Translation (MT) Product and Service

    • Table AppTek (Foundation Year, Company Profile and etc.)

    • Table AppTek Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

    • Table AppTek Machine Translation (MT) Product and Service

    • Table SDL PLC (Foundation Year, Company Profile and etc.)

    • Table SDL PLC Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

    • Table SDL PLC Machine Translation (MT) Product and Service

    • Table Smart Communications (Foundation Year, Company Profile and etc.)

    • Table Smart Communications Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

    • Table Smart Communications Machine Translation (MT) Product and Service

    • Table Lucy Software and Services GmbH (Foundation Year, Company Profile and etc.)

    • Table Lucy Software and Services GmbH Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

    • Table Lucy Software and Services GmbH Machine Translation (MT) Product and Service

    • Table Moravia IT (Foundation Year, Company Profile and etc.)

    • Table Moravia IT Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

    • Table Moravia IT Machine Translation (MT) Product and Service

    • Table ProMT (Foundation Year, Company Profile and etc.)

    • Table ProMT Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

    • Table ProMT Machine Translation (MT) Product and Service

    • Table Lingo24 Ltd (Foundation Year, Company Profile and etc.)

    • Table Lingo24 Ltd Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

    • Table Lingo24 Ltd Machine Translation (MT) Product and Service

    • Table Systran International (Foundation Year, Company Profile and etc.)

    • Table Systran International Machine Translation (MT) Sales, Price, Value and Gross Profit (2017-2022)

    • Table Systran International Machine Translation (MT) Product and Service


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