How big is the Machine Translation Market?

The Machine Translation Market size is expected to reach USD 716.05 million in 2024 and grow at a CAGR of 5.30% to reach USD 927.01 million by 2029. Read More

What is the current Machine Translation Market size?

In 2024, the Machine Translation Market size is expected to reach USD 716.05 million. Read More

Who are the key players in Machine Translation Market?

IBM Corporation, Microsoft Corporation, SDL PLC, Lionbridge Technologies Inc. and Omniscien Technologies Inc. are the major companies operating in the Machine Translation Market. Read More

Which is the fastest growing region in Machine Translation Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Machine Translation Market?

In 2024, the North America accounts for the largest market share in Machine Translation Market. Read More

What years does this Machine Translation Market cover, and what was the market size in 2023?

In 2023, the Machine Translation Market size was estimated at USD 680.01 million. The report covers the Machine Translation Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Machine Translation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the key drivers of the Machine Translation Market?

The key drivers in the Machine Translation Market are: a) Globalization of businesses b) Growing demand for content localization c) Advancements in Artificial Intelligence (AI) d) Machine learning technologies e) Growing need for efficient customer service Read More

Machine Translation Companies

This report lists the top Machine Translation companies based on the 2023 & 2024 market share reports. Mordor Intelligence expert advisors conducted extensive research and identified these brands to be the leaders in the Machine Translation industry.