The global machine translation market share reached USD 218.8 Million in 2024. The market is expected to reach USD 508.7 Million by 2033, growing at a CAGR of 9.34% during the forecast period 2025–2033. This growth is driven by the rising adoption of cloud-based applications and increasing content localization demands worldwide. Machine translation enables fully automated, scalable language translation without human input, benefiting various industries.
Study Assumption Years
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
Machine Translation Market Key Takeaways
- Current Market Size: USD 218.8 Million (2024)
- CAGR: 9.34% (2025-2033)
- Forecast Period: 2025-2033
- Machine translation (MT) is a fully automated method enabling the translation of content with minimal human intervention, particularly valuable for formal or formulaic language.
- Growth of adaptive machine translation and advanced computer-aided translation tools are creating new opportunities.
- Cloud-based deployment dominates, removing the need for in-house hardware investment.
- Increasing localization needs to capture international markets are driving MT sales globally.
- Covid-19 pandemic accelerated MT adoption for multilingual dissemination of healthcare information.
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Market Growth Factors
The increasing demand for cloud-based applications by companies has been one of the primary drivers of growth for MT services. These cloud-based applications enable companies to use MT solutions without expensive hardware and installations as translations are hosted and accessed through cloud servers. The ability to localize multilingual content enables organizations to compete in other markets, and opens up the global market for MT solutions.
One factor for this is the growing adoption of adaptive machine translation systems and of computer-helped translation systems, which are undergoing a renaissance. For example, companies like Lilt Inc. have been actively using AI-powered neural machine translation systems with a real-time feedback loop to improve translation accuracy and translator productivity. Increased technological possibilities allow for more advanced translation customizations for specific fields, resulting in broader use of MT.
The COVID-19 pandemic has particularly impacted this market, as there has been a move towards using machine translation to spread healthcare information across several languages. MT was utilized to share coronavirus information in the different languages of the local populations during lockdown. It also stresses the value of this application of MT in times of crisis and long-term growth.
Market Segmentation
- Technology Type:
- Statistical Machine Translation (SMT)
- Rule-Based Machine Translation (RBMT)
- Neural Machine Translation
- Others
- Deployment Type:
- On-Premises
- Cloud-Based
- Application:
- BFSI
- Automotive
- Electronics
- Healthcare
- IT and Telecommunications
- Military and Defense
- Others
- Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Regional Insights
North America currently leads the machine translation market in market share due to the common adoption of machine translation in cloud-based applications. Markets are not specified in terms of market share or CAGR. The region's global dominance was in part due to its well-developed IT industry.
Key Players
- Applications Technology Inc.
- Asia Online Pte Ltd.
- Cloudwords Inc.
- International Business Machines Corporation
- Lionbridge Technologies Inc.
- Pangeanic
- Raytheon Technologies Corporation
- SDL Plc (RWS Holdings Plc)
- Smart Communications Inc. (PLDT Inc.)
- Systran
- Welocalize Inc.
Customization Note
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