Global and United States Machine Translation Market Report & Forecast 2022-2028

Machine translation, sometimes referred to by the abbreviation MT (not to be confused with computer-aided translation, machine-aided human translation (MAHT) or interactive translation) is a sub-field of computational linguistics that investigates the use of software to translate text or speech from one language to another.
Market Analysis and Insights: Global and United States Machine Translation Market
This report focuses on global and United States Machine Translation market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Machine Translation market size is estimated to be worth US$ 817.5 million in 2022 and is forecast to a readjusted size of US$ 1627.5 million by 2028 with a CAGR of 12.2% during the review period. Fully considering the economic change by this health crisis, by Type, Automated Translation accounting for % of the Machine Translation global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Automotive was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
The industry is mainly driven by the increasing demand for automated translations to remove repetitive tasks and the rising need for localization to help serve the customers in an enhanced manner.
Global Machine Translation Scope and Market Size
Machine Translation market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Machine Translation market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Machine Translation market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.

Segment by Type
Automated Translation
Smart Automated Translation
Raw Machine Translation
Fully Automated Usable Translations
Rule Based Machine Translation
Statistical Machine Translation Technology

Segment by Application
Automotive
Military & Defense
Electronics
IT
Healthcare
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

By Company
AppTek
Asia Online
Cloudwords
IBM
Lighthouse IP
Lingo24
Lingotek
Lionbridge Technologies
Lucy Software and Services
Moravia