Global Machine Translation Market 2025-2029

Description

List of Tables

The machine translation market is forecasted to grow by USD 1498.6 million during 2024-2029, accelerating at a CAGR of 16.6% during the forecast period. The report on the machine translation market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for content localization, rapid globalization of businesses is generating need for multilingual communication, and increasing adoption of voice recognition technology.

Market Scope
Base Year	2025
End Year	2029
Series Year	2025-2029
Growth Momentum	Accelerate
YOY 2025	15.2%
CAGR	16.6%
Incremental Value	$1498.6 mn

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's machine translation market is segmented as below:

By Deployment

On-premises
Cloud

By Application

Defense
IT
Automotive
Healthcare

By Technology

SMT
NMT
RBMT
HMT
EBMT

By Usage

H2M translation
M2M translation

By Geographical Landscape

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the rising use of multilingual AI as one of the prime reasons driving the machine translation market growth during the next few years. Also, growing localization of video content and growing adoption of mobile translation will lead to sizable demand in the market.

The report on the machine translation market covers the following areas:

Machine Translation Market sizing
Machine Translation Market forecast
Machine Translation Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading machine translation market vendors that include Alphabet Inc., ARGOS TRANSLATIONS Sp. z o.o., Babylon Software Ltd., Cloudwords Inc., CSOFT International Inc., Global Lingo Ltd., Honyaku Center Inc., International Business Machines Corp., Lingotek Inc., Lingua Custodia, Lionbridge Technologies LLC, Microsoft Corp., Omniscien Technologies, Promt, RWS Holdings PLC, SYSTRAN SA, Teleperformance SE, thebigword Group Ltd., TransPerfect Global Inc., and Welocalize Inc.. Also, the machine translation market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR40205

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Deployment
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Technology
- Executive Summary - Chart on Market Segmentation by Usage
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
- Overview on factors of disruption
2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029

3 Market Landscape

3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
3.2 Market characteristics
- Market characteristics analysis
3.3 Value chain analysis
- Value chain analysis

4 Market Sizing

4.1 Market definition
- Offerings of companies included in the market definition
4.2 Market segment analysis
- Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ million)
- Data Table on Global - Market size and forecast 2024-2029 ($ million)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)

5 Historic Market Size

5.1 Global Machine Translation Market 2019 - 2023
- Historic Market Size - Data Table on Global Machine Translation Market 2019 - 2023 ($ million)
5.2 Deployment segment analysis 2019 - 2023
- Historic Market Size - Deployment Segment 2019 - 2023 ($ million)
5.3 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ million)
5.4 Technology segment analysis 2019 - 2023
- Historic Market Size - Technology Segment 2019 - 2023 ($ million)
5.5 Usage segment analysis 2019 - 2023
- Historic Market Size - Usage Segment 2019 - 2023 ($ million)
5.6 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ million)
5.7 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ million)

6 Qualitative Analysis

6.1 AI Impact on Global Machine Translation Market

7 Five Forces Analysis

7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029

8 Market Segmentation by Deployment

8.1 Market segments
- Chart on Deployment - Market share 2024-2029 (%)
- Data Table on Deployment - Market share 2024-2029 (%)
8.2 Comparison by Deployment
- Chart on Comparison by Deployment
- Data Table on Comparison by Deployment
8.3 On-premises - Market size and forecast 2024-2029
- Chart on On-premises - Market size and forecast 2024-2029 ($ million)
- Data Table on On-premises - Market size and forecast 2024-2029 ($ million)
- Chart on On-premises - Year-over-year growth 2024-2029 (%)
- Data Table on On-premises - Year-over-year growth 2024-2029 (%)
8.4 Cloud - Market size and forecast 2024-2029
- Chart on Cloud - Market size and forecast 2024-2029 ($ million)
- Data Table on Cloud - Market size and forecast 2024-2029 ($ million)
- Chart on Cloud - Year-over-year growth 2024-2029 (%)
- Data Table on Cloud - Year-over-year growth 2024-2029 (%)
8.5 Market opportunity by Deployment
- Market opportunity by Deployment ($ million)
- Data Table on Market opportunity by Deployment ($ million)

9 Market Segmentation by Application

9.1 Market segments
- Chart on Application - Market share 2024-2029 (%)
- Data Table on Application - Market share 2024-2029 (%)
9.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
9.3 Defense - Market size and forecast 2024-2029
- Chart on Defense - Market size and forecast 2024-2029 ($ million)
- Data Table on Defense - Market size and forecast 2024-2029 ($ million)
- Chart on Defense - Year-over-year growth 2024-2029 (%)
- Data Table on Defense - Year-over-year growth 2024-2029 (%)
9.4 IT - Market size and forecast 2024-2029
- Chart on IT - Market size and forecast 2024-2029 ($ million)
- Data Table on IT - Market size and forecast 2024-2029 ($ million)
- Chart on IT - Year-over-year growth 2024-2029 (%)
- Data Table on IT - Year-over-year growth 2024-2029 (%)
9.5 Automotive - Market size and forecast 2024-2029
- Chart on Automotive - Market size and forecast 2024-2029 ($ million)
- Data Table on Automotive - Market size and forecast 2024-2029 ($ million)
- Chart on Automotive - Year-over-year growth 2024-2029 (%)
- Data Table on Automotive - Year-over-year growth 2024-2029 (%)
9.6 Healthcare - Market size and forecast 2024-2029
- Chart on Healthcare - Market size and forecast 2024-2029 ($ million)
- Data Table on Healthcare - Market size and forecast 2024-2029 ($ million)
- Chart on Healthcare - Year-over-year growth 2024-2029 (%)
- Data Table on Healthcare - Year-over-year growth 2024-2029 (%)
9.7 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)

10 Market Segmentation by Technology

10.1 Market segments
- Chart on Technology - Market share 2024-2029 (%)
- Data Table on Technology - Market share 2024-2029 (%)
10.2 Comparison by Technology
- Chart on Comparison by Technology
- Data Table on Comparison by Technology
10.3 SMT - Market size and forecast 2024-2029
- Chart on SMT - Market size and forecast 2024-2029 ($ million)
- Data Table on SMT - Market size and forecast 2024-2029 ($ million)
- Chart on SMT - Year-over-year growth 2024-2029 (%)
- Data Table on SMT - Year-over-year growth 2024-2029 (%)
10.4 NMT - Market size and forecast 2024-2029
- Chart on NMT - Market size and forecast 2024-2029 ($ million)
- Data Table on NMT - Market size and forecast 2024-2029 ($ million)
- Chart on NMT - Year-over-year growth 2024-2029 (%)
- Data Table on NMT - Year-over-year growth 2024-2029 (%)
10.5 RBMT - Market size and forecast 2024-2029
- Chart on RBMT - Market size and forecast 2024-2029 ($ million)
- Data Table on RBMT - Market size and forecast 2024-2029 ($ million)
- Chart on RBMT - Year-over-year growth 2024-2029 (%)
- Data Table on RBMT - Year-over-year growth 2024-2029 (%)
10.6 HMT - Market size and forecast 2024-2029
- Chart on HMT - Market size and forecast 2024-2029 ($ million)
- Data Table on HMT - Market size and forecast 2024-2029 ($ million)
- Chart on HMT - Year-over-year growth 2024-2029 (%)
- Data Table on HMT - Year-over-year growth 2024-2029 (%)
10.7 EBMT - Market size and forecast 2024-2029
- Chart on EBMT - Market size and forecast 2024-2029 ($ million)
- Data Table on EBMT - Market size and forecast 2024-2029 ($ million)
- Chart on EBMT - Year-over-year growth 2024-2029 (%)
- Data Table on EBMT - Year-over-year growth 2024-2029 (%)
10.8 Market opportunity by Technology
- Market opportunity by Technology ($ million)
- Data Table on Market opportunity by Technology ($ million)

11 Market Segmentation by Usage

11.1 Market segments
- Chart on Usage - Market share 2024-2029 (%)
- Data Table on Usage - Market share 2024-2029 (%)
11.2 Comparison by Usage
- Chart on Comparison by Usage
- Data Table on Comparison by Usage
11.3 H2M translation - Market size and forecast 2024-2029
- Chart on H2M translation - Market size and forecast 2024-2029 ($ million)
- Data Table on H2M translation - Market size and forecast 2024-2029 ($ million)
- Chart on H2M translation - Year-over-year growth 2024-2029 (%)
- Data Table on H2M translation - Year-over-year growth 2024-2029 (%)
11.4 M2M translation - Market size and forecast 2024-2029
- Chart on M2M translation - Market size and forecast 2024-2029 ($ million)
- Data Table on M2M translation - Market size and forecast 2024-2029 ($ million)
- Chart on M2M translation - Year-over-year growth 2024-2029 (%)
- Data Table on M2M translation - Year-over-year growth 2024-2029 (%)
11.5 Market opportunity by Usage
- Market opportunity by Usage ($ million)
- Data Table on Market opportunity by Usage ($ million)

12 Customer Landscape

12.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

13 Geographic Landscape

13.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2024-2029 (%)
- Data Table on Market share By Geographical Landscape 2024-2029 (%)
13.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
13.3 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ million)
- Data Table on North America - Market size and forecast 2024-2029 ($ million)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
13.4 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ million)
- Data Table on Europe - Market size and forecast 2024-2029 ($ million)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
13.5 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ million)
- Data Table on APAC - Market size and forecast 2024-2029 ($ million)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
13.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ million)
- Data Table on South America - Market size and forecast 2024-2029 ($ million)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
13.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
13.8 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ million)
- Data Table on US - Market size and forecast 2024-2029 ($ million)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
13.9 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ million)
- Data Table on China - Market size and forecast 2024-2029 ($ million)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
13.10 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ million)
- Data Table on Germany - Market size and forecast 2024-2029 ($ million)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
13.11 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ million)
- Data Table on Canada - Market size and forecast 2024-2029 ($ million)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
13.12 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ million)
- Data Table on UK - Market size and forecast 2024-2029 ($ million)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
13.13 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ million)
- Data Table on Japan - Market size and forecast 2024-2029 ($ million)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
13.14 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ million)
- Data Table on India - Market size and forecast 2024-2029 ($ million)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
13.15 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ million)
- Data Table on France - Market size and forecast 2024-2029 ($ million)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
13.16 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ million)
- Data Table on Italy - Market size and forecast 2024-2029 ($ million)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)
13.17 The Netherlands - Market size and forecast 2024-2029
- Chart on The Netherlands - Market size and forecast 2024-2029 ($ million)
- Data Table on The Netherlands - Market size and forecast 2024-2029 ($ million)
- Chart on The Netherlands - Year-over-year growth 2024-2029 (%)
- Data Table on The Netherlands - Year-over-year growth 2024-2029 (%)
13.18 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

14 Drivers, Challenges, and Opportunity/Restraints

14.1 Market drivers
14.2 Market challenges
14.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
14.4 Market opportunities/restraints

15 Competitive Landscape

15.1 Overview
15.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
15.3 Landscape disruption
- Overview on factors of disruption
15.4 Industry risks
- Impact of key risks on business

16 Competitive Analysis

16.1 Companies profiled
- Companies covered
16.2 Company ranking index
- Company ranking index
16.3 Market positioning of companies
- Matrix on companies position and classification
16.4 Alphabet Inc.
- Alphabet Inc. - Overview
- Alphabet Inc. - Business segments
- Alphabet Inc. - Key offerings
- Alphabet Inc. - Segment focus
- SWOT
16.5 Babylon Software Ltd.
- Babylon Software Ltd. - Overview
- Babylon Software Ltd. - Product / Service
- Babylon Software Ltd. - Key offerings
- SWOT
16.6 Cloudwords Inc.
- Cloudwords Inc. - Overview
- Cloudwords Inc. - Product / Service
- Cloudwords Inc. - Key offerings
- SWOT
16.7 CSOFT International Inc.
- CSOFT International Inc. - Overview
- CSOFT International Inc. - Product / Service
- CSOFT International Inc. - Key offerings
- SWOT
16.8 Global Lingo Ltd.
- Global Lingo Ltd. - Overview
- Global Lingo Ltd. - Product / Service
- Global Lingo Ltd. - Key offerings
- SWOT
16.9 Honyaku Center Inc.
- Honyaku Center Inc. - Overview
- Honyaku Center Inc. - Business segments
- Honyaku Center Inc. - Key offerings
- Honyaku Center Inc. - Segment focus
- SWOT
16.10 International Business Machines Corp.
- International Business Machines Corp. - Overview
- International Business Machines Corp. - Business segments
- International Business Machines Corp. - Key news
- International Business Machines Corp. - Key offerings
- International Business Machines Corp. - Segment focus
- SWOT
16.11 Lingotek Inc.
- Lingotek Inc. - Overview
- Lingotek Inc. - Product / Service
- Lingotek Inc. - Key offerings
- SWOT
16.12 Lingua Custodia
- Lingua Custodia - Overview
- Lingua Custodia - Product / Service
- Lingua Custodia - Key offerings
- SWOT
16.13 Lionbridge Technologies LLC
- Lionbridge Technologies LLC - Overview
- Lionbridge Technologies LLC - Product / Service
- Lionbridge Technologies LLC - Key offerings
- SWOT
16.14 Microsoft Corp.
- Microsoft Corp. - Overview
- Microsoft Corp. - Business segments
- Microsoft Corp. - Key news
- Microsoft Corp. - Key offerings
- Microsoft Corp. - Segment focus
- SWOT
16.15 Omniscien Technologies
- Omniscien Technologies - Overview
- Omniscien Technologies - Product / Service
- Omniscien Technologies - Key offerings
- SWOT
16.16 RWS Holdings PLC
- RWS Holdings PLC - Overview
- RWS Holdings PLC - Business segments
- RWS Holdings PLC - Key offerings
- RWS Holdings PLC - Segment focus
- SWOT
16.17 SYSTRAN SA
- SYSTRAN SA - Overview
- SYSTRAN SA - Product / Service
- SYSTRAN SA - Key offerings
- SWOT
16.18 TransPerfect Global Inc.
- TransPerfect Global Inc. - Overview
- TransPerfect Global Inc. - Product / Service
- TransPerfect Global Inc. - Key offerings
- SWOT

17 Appendix

17.1 Scope of the report
17.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
17.3 Currency conversion rates for US$
- Currency conversion rates for US$
17.4 Research methodology
- Research methodology
17.5 Data procurement
- Information sources
17.6 Data validation
- Data validation
17.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
17.8 Data synthesis
- Data synthesis
17.9 360 degree market analysis
- 360 degree market analysis
17.10 List of abbreviations
- List of abbreviations