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Global Machine Translation Industry

ReportLinker
·9-min read

Global Machine Translation Market to Reach $1. 5 Billion by 2027. Amid the COVID-19 crisis, the global market for Machine Translation estimated at US$622. 5 Million in the year 2020, is projected to reach a revised size of US$1.

New York, Feb. 03, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Machine Translation Industry" - https://www.reportlinker.com/p05957306/?utm_source=GNW
5 Billion by 2027, growing at a CAGR of 13.9% over the analysis period 2020-2027. RBMT, one of the segments analyzed in the report, is projected to record a 8.8% CAGR and reach US$287 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the SMT segment is readjusted to a revised 15.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $183.4 Million, While China is Forecast to Grow at 13.6% CAGR

The Machine Translation market in the U.S. is estimated at US$183.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$274 Million by the year 2027 trailing a CAGR of 13.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.8% and 12.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.5% CAGR.

Other Segments Segment to Record 13.1% CAGR

In the global Other Segments segment, USA, Canada, Japan, China and Europe will drive the 12.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$42.7 Million in the year 2020 will reach a projected size of US$100 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$188.6 Million by the year 2027.We bring years of research experience to this 6th edition of our report. The 152-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,

  • Cloudwords, Inc.

  • IBM Corporation

  • Lighthouse IP Group

  • Lingotek

  • Lionbridge Technologies, Inc.

  • SDL PLC

  • Welocalize, Inc.




Read the full report: https://www.reportlinker.com/p05957306/?utm_source=GNW

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Global Competitor Market Shares
Machine Translation Competitor Market Share Scenario Worldwide
(in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE
Table 1: Machine Translation Global Market Estimates and
Forecasts in US$ Thousand by Region/Country: 2020-2027

Table 2: Machine Translation Market Share Shift across Key
Geographies Worldwide: 2020 VS 2027

Table 3: RBMT (Segment) World Market by Region/Country in US$
Thousand: 2020 to 2027

Table 4: RBMT (Segment) Market Share Breakdown of Worldwide
Sales by Region/Country: 2020 VS 2027

Table 5: SMT (Segment) Potential Growth Markets Worldwide in
US$ Thousand: 2020 to 2027

Table 6: SMT (Segment) Market Sales Breakdown by Region/Country
in Percentage: 2020 VS 2027

Table 7: Other Segments (Segment) Geographic Market Spread
Worldwide in US$ Thousand: 2020 to 2027

Table 8: Other Segments (Segment) Market Share Distribution in
Percentage by Region/Country: 2020 VS 2027

Table 9: Automotive (End-Use) Demand Potential Worldwide in US$
Thousand by Region/Country: 2020-2027

Table 10: Automotive (End-Use) Share Breakdown Review by
Region/Country: 2020 VS 2027

Table 11: Military & Defense (End-Use) Worldwide Latent Demand
Forecasts in US$ Thousand by Region/Country: 2020-2027

Table 12: Military & Defense (End-Use) Distribution of Global
Sales by Region/Country: 2020 VS 2027

Table 13: Electronics (End-Use) Sales Estimates and Forecasts
in US$ Thousand by Region/Country for the Years 2020 through
2027

Table 14: Electronics (End-Use) Global Market Share
Distribution by Region/Country for 2020 and 2027

Table 15: IT (End-Use) Global Opportunity Assessment in US$
Thousand by Region/Country: 2020-2027

Table 16: IT (End-Use) Percentage Share Breakdown of Global
Sales by Region/Country: 2020 VS 2027

Table 17: Healthcare (End-Use) Worldwide Sales in US$ Thousand
by Region/Country: 2020-2027

Table 18: Healthcare (End-Use) Market Share Shift across Key
Geographies: 2020 VS 2027

Table 19: Other End-Uses (End-Use) Global Market Estimates &
Forecasts in US$ Thousand by Region/Country: 2020-2027

Table 20: Other End-Uses (End-Use) Market Share Breakdown by
Region/Country: 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
Market Facts & Figures
US Machine Translation Market Share (in %) by Company: 2019 & 2025
Market Analytics
Table 21: United States Machine Translation Market Estimates
and Projections in US$ Thousand by Segment: 2020 to 2027

Table 22: United States Machine Translation Market Share
Breakdown by Segment: 2020 VS 2027

Table 23: United States Machine Translation Latent Demand
Forecasts in US$ Thousand by End-Use: 2020 to 2027

Table 24: Machine Translation Market Share Breakdown in the
United States by End-Use: 2020 VS 2027

CANADA
Table 25: Canadian Machine Translation Market Estimates and
Forecasts in US$ Thousand by Segment: 2020 to 2027

Table 26: Machine Translation Market in Canada: Percentage
Share Breakdown of Sales by Segment for 2020 and 2027

Table 27: Canadian Machine Translation Market Quantitative
Demand Analysis in US$ Thousand by End-Use: 2020 to 2027

Table 28: Canadian Machine Translation Market Share Analysis by
End-Use: 2020 VS 2027

JAPAN
Table 29: Japanese Market for Machine Translation: Annual Sales
Estimates and Projections in US$ Thousand by Segment for the
Period 2020-2027

Table 30: Japanese Machine Translation Market Share Analysis by
Segment: 2020 VS 2027

Table 31: Japanese Demand Estimates and Forecasts for Machine
Translation in US$ Thousand by End-Use: 2020 to 2027

Table 32: Machine Translation Market Share Shift in Japan by
End-Use: 2020 VS 2027

CHINA
Table 33: Chinese Machine Translation Market Growth Prospects
in US$ Thousand by Segment for the Period 2020-2027

Table 34: Chinese Machine Translation Market by Segment:
Percentage Breakdown of Sales for 2020 and 2027

Table 35: Chinese Demand for Machine Translation in US$
Thousand by End-Use: 2020 to 2027

Table 36: Chinese Machine Translation Market Share Breakdown by
End-Use: 2020 VS 2027

EUROPE
Market Facts & Figures
European Machine Translation Market: Competitor Market Share
Scenario (in %) for 2019 & 2025
Market Analytics
Table 37: European Machine Translation Market Demand Scenario
in US$ Thousand by Region/Country: 2018-2025

Table 38: European Machine Translation Market Share Shift by
Region/Country: 2020 VS 2027

Table 39: European Machine Translation Market Estimates and
Forecasts in US$ Thousand by Segment: 2020-2027

Table 40: European Machine Translation Market Share Breakdown
by Segment: 2020 VS 2027

Table 41: European Machine Translation Addressable Market
Opportunity in US$ Thousand by End-Use: 2020-2027

Table 42: European Machine Translation Market Share Analysis by
End-Use: 2020 VS 2027

FRANCE
Table 43: Machine Translation Market in France by Segment:
Estimates and Projections in US$ Thousand for the Period
2020-2027

Table 44: French Machine Translation Market Share Analysis by
Segment: 2020 VS 2027

Table 45: Machine Translation Quantitative Demand Analysis in
France in US$ Thousand by End-Use: 2020-2027

Table 46: French Machine Translation Market Share Analysis:
A 7-Year Perspective by End-Use for 2020 and 2027

GERMANY
Table 47: Machine Translation Market in Germany: Recent Past,
Current and Future Analysis in US$ Thousand by Segment for the
Period 2020-2027

Table 48: German Machine Translation Market Share Breakdown by
Segment: 2020 VS 2027

Table 49: Machine Translation Market in Germany: Annual Sales
Estimates and Forecasts in US$ Thousand by End-Use for the
Period 2020-2027

Table 50: Machine Translation Market Share Distribution in
Germany by End-Use: 2020 VS 2027

ITALY
Table 51: Italian Machine Translation Market Growth Prospects
in US$ Thousand by Segment for the Period 2020-2027

Table 52: Italian Machine Translation Market by Segment:
Percentage Breakdown of Sales for 2020 and 2027

Table 53: Italian Demand for Machine Translation in US$
Thousand by End-Use: 2020 to 2027

Table 54: Italian Machine Translation Market Share Breakdown by
End-Use: 2020 VS 2027

UNITED KINGDOM
Table 55: United Kingdom Market for Machine Translation: Annual
Sales Estimates and Projections in US$ Thousand by Segment for
the Period 2020-2027

Table 56: United Kingdom Machine Translation Market Share
Analysis by Segment: 2020 VS 2027

Table 57: United Kingdom Demand Estimates and Forecasts for
Machine Translation in US$ Thousand by End-Use: 2020 to 2027

Table 58: Machine Translation Market Share Shift in the United
Kingdom by End-Use: 2020 VS 2027

REST OF EUROPE
Table 59: Rest of Europe Machine Translation Market Estimates
and Forecasts in US$ Thousand by Segment: 2020-2027

Table 60: Rest of Europe Machine Translation Market Share
Breakdown by Segment: 2020 VS 2027

Table 61: Rest of Europe Machine Translation Addressable Market
Opportunity in US$ Thousand by End-Use: 2020-2027

Table 62: Rest of Europe Machine Translation Market Share
Analysis by End-Use: 2020 VS 2027

ASIA-PACIFIC
Table 63: Machine Translation Market in Asia-Pacific by
Segment: Estimates and Projections in US$ Thousand for the
Period 2020-2027

Table 64: Asia-Pacific Machine Translation Market Share
Analysis by Segment: 2020 VS 2027

Table 65: Machine Translation Quantitative Demand Analysis in
Asia-Pacific in US$ Thousand by End-Use: 2020-2027

Table 66: Asia-Pacific Machine Translation Market Share
Analysis: A 7-Year Perspective by End-Use for 2020 and 2027

REST OF WORLD
Table 67: Rest of World Machine Translation Market Estimates
and Forecasts in US$ Thousand by Segment: 2020 to 2027

Table 68: Machine Translation Market in Rest of World:
Percentage Share Breakdown of Sales by Segment for 2020 and
2027

Table 69: Rest of World Machine Translation Market Quantitative
Demand Analysis in US$ Thousand by End-Use: 2020 to 2027

Table 70: Rest of World Machine Translation Market Share
Analysis by End-Use: 2020 VS 2027

IV. COMPETITION
Total Companies Profiled: 46
Read the full report: https://www.reportlinker.com/p05957306/?utm_source=GNW

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