As the global economy mends, the 2021 growth of Machine Translation (MT) System will have significant change from previous year. According to our (LP Information) latest study, the global Machine Translation (MT) System market size is USD million in 2022 from USD 703.2 million in 2021, with a change of % between 2021 and 2022. The global Machine Translation (MT) System market size will reach USD 1615.3 million in 2028, growing at a CAGR of 12.6% over the analysis period.
The United States Machine Translation (MT) System market is expected at value of US$ million in 2021 and grow at approximately % CAGR during review period. China constitutes a % market for the global Machine Translation (MT) System market, reaching US$ million by the year 2028. As for the Europe Machine Translation (MT) System landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period. In APAC, the growth rates of other notable markets (Japan and South Korea) are projected to be at % and % respectively for the next 5-year period.
Global main Machine Translation (MT) System players cover AppTek, Asia Online Pte Ltd., Cloudwords Inc., and IBM Corporation, etc. In terms of revenue, the global largest two companies occupy a share nearly % in 2021.
This report presents a comprehensive overview, market shares, and growth opportunities of Machine Translation (MT) System market by product type, application, key players and key regions and countries.
Segmentation by type: breakdown data from 2017 to 2022 in Section 2.3; and forecast to 2028 in section 10.7.
Statistical Machine Translation (SMT)
Rule-based Machine Translation (RBMT)
Hybrid Machine Translation
Neural Machine Translation
Segmentation by application: breakdown data from 2017 to 2022, in Section 2.4; and forecast to 2028 in section 10.8.
Automotive
Military & Defense
Electronics
Healthcare
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report: Breakdown data in in Chapter 3.
AppTek
Asia Online Pte Ltd.
Cloudwords Inc.
IBM Corporation
Lighthouse IP Group
Lingo24 Ltd.
Lingotek Inc.
Lionbridge Technologies Inc.
Lucy Software and Services GmbH
Moravia IT
Pangeanic
ProMT
Raytheon BBN Technologies
SDL PLC
Smart Communications
Systran International
Welocalize Inc.