AI Translation Market Size, Share, Trends, Growth Outlook

The Global AI Translation Market Size is estimated to register 16.3% growth over the forecast period from 2023 to 2030.

 

AI Translation Market Overview

The market is driven by the integration of AI translation into chatbots and virtual assistants to provide multilingual support. Continuous advancements in Natural Language Processing (NLP) are shaping the AI translation market, incorporating improvements in understanding context, sentiment, and idiomatic expressions, leading to more accurate and contextually relevant translations. The continuous dominance and evolution of Neural Machine Translation (NMT), which utilizes neural networks to enhance translation quality, significantly improve the fluency and coherence of translated content compared to traditional methods. The increasing need for instantaneous and accurate translations across various communication channels fuels the development and adoption of real-time AI translation services.

 

Market dynamics

Market trend: The ongoing trend of continuous advancements in Natural Language Processing (NLP) stands as a key driving force in shaping the AI translation market.

The trend of continuous advancements in Natural Language Processing (NLP) plays a pivotal role in shaping and driving the AI translation market. Sophisticated AI translation models, empowered by robust NLP, are better equipped to capture the intricacies of language, ensuring that translations are not only accurate but also contextually appropriate. With language being nuanced and context-dependent, the ongoing improvements in NLP are crucial for enhancing the accuracy and contextual relevance of translations. Businesses, recognizing the importance of effective communication in a globalized world, are increasingly turning to these advanced AI tools to facilitate seamless cross-language interactions

 

Market driver: The trend of integrating AI translation into multilingual chatbots and virtual assistants is a significant driving force in the AI translation market.

The integration of AI translation in multilingual chatbots and virtual assistants represents a significant trend that is actively driving the AI translation market. As businesses increasingly operate on a global scale, the need for efficient and seamless communication across multiple languages becomes imperative. Multilingual chatbots and virtual assistants equipped with AI translation capabilities enable businesses to cater to diverse customer bases, regardless of language barriers. For e-commerce platforms, the ability to engage with customers in their native languages enhances user satisfaction and increases the likelihood of international business expansion.

 

Market Opportunity: The trend of customization and domain-specific solutions in the AI translation market mirrors an increasing demand for bespoke language solutions tailored to specific industries

The trend of customization and domain-specific solutions in the AI translation market reflects a growing demand for tailored language solutions that cater to specific industries or domains. Industries such as law, medicine, and technology often involve complex terminology and context-specific language usage. There is a heightened need for AI translation solutions that can be customized to handle the intricacies of each domain. Businesses and professionals operating in these specialized domains increasingly recognize the value of AI translation solutions that align with their industry requirements. This drive towards customization ensures more accurate and domain-specific translations, addressing the unique linguistic challenges posed by different sectors. The trend fosters the adoption of AI translation solutions in specialized fields, contributing to the overall growth of the market.

 

Market share analysis: Translation apps dominate the largest market share in the AI translation market.

Translation apps hold the largest market share in the AI translation market across Translation App, Translation Machines, and Other Conventional categories. These apps are readily available on smartphones and mobile devices, providing users with instant access to translation services anytime, anywhere. The convenience and accessibility of translation apps make them a popular choice for individuals and businesses alike. Designed to be user-friendly and easy to navigate, translation apps allow users to quickly and efficiently translate text, speech, or images. This ease of use makes translation apps accessible to a wide range of users, regardless of their technical expertise. Moreover, translation apps can be integrated with other tools and platforms, such as messaging apps, social media platforms, and productivity software.

 

The travel sector commands the largest market share in the AI translation market

The travel sector holds the largest market share in the AI translation market across Travel, Online Education, and Others. The global tourism industry is experiencing steady growth, with increasing numbers of people traveling internationally for business, leisure, and education. This growth creates a significant demand for efficient and accurate translation services to facilitate communication across cultures and languages. Travelers face various language barriers during their journeys, from navigating airports and transportation to interacting with locals, booking accommodations, and understanding cultural nuances. AI translation tools can provide real-time translation assistance, making travel experiences smoother and more enjoyable.

 

 AI Translation Market Segmentation

By Type

• Translation App
• Translation Machine
• Other

By Application

• Travel
• Online Education
• Others

By Deployment Mode

• Cloud Based
• On Premise

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)

 

AI Translation Market companies

• SDL (United Kingdom)
• DeepL (Germany)
• Prompsit (Spain)
• KantanMT (Ireland)
• Systran (France)
• Unbabel (Portugal)
• Lucy Software (Germany)
• Pangeanic (Spain)
• LINE Corporation (Japan)
• SenseTime (China)
• Google Translate (United States)
• Iconic Translation Machines (Ireland)
• Microsoft Translator (United States)
• Kakao (South Korea)
• Naver Corporation (South Korea)
• Yandex.Translate (Russia)

 

*List not exhaustive

AI Translation Market Outlook 2023

1 Market Overview

1.1 Introduction to the AI Translation Market

1.2 Scope of the Study

1.3 Research Objective

1.3.1 Key Market Scope and Segments

1.3.2 Players Covered

1.3.3 Years Considered

 

2 Executive Summary

2.1 2023 AI Translation Industry- Market Statistics

3 Market Dynamics

3.1 Market Drivers

3.2 Market Challenges

3.3 Market Opportunities

3.4 Market Trends

 

4 Market Factor Analysis

4.1 Porter’s Five Forces

4.2 Market Entropy

4.2.1 Global AI Translation Market Companies with Area Served

4.2.2 Products Offerings Global AI Translation Market

 

5 COVID-19 Impact Analysis and Outlook Scenarios

5.1.1 Covid-19 Impact Analysis

5.1.2 post-COVID-19 Scenario- Low Growth Case

5.1.3 post-COVID-19 Scenario- Reference Growth Case

5.1.4 post-COVID-19 Scenario- Low Growth Case

 

6 Global AI Translation Market Trends

6.1 Global AI Translation Revenue (USD Million) and CAGR (%) by Type (2018-2030)

6.2 Global AI Translation Revenue (USD Million) and CAGR (%) by Applications (2018-2030)

6.3 Global AI Translation Revenue (USD Million) and CAGR (%) by regions (2018-2030)

 

7 Global AI Translation Market Revenue (USD Million) by Type, and Applications (2018-2022)

7.1 Global AI Translation Revenue (USD Million) by Type (2018-2022)

7.1.1 Global AI Translation Revenue (USD Million), Market Share (%) by Type (2018-2022)

7.2 Global AI Translation Revenue (USD Million) by Applications (2018-2022)

7.2.1 Global AI Translation Revenue (USD Million), Market Share (%) by Applications (2018-2022)

 

8 Global AI Translation Development Regional Status and Outlook

8.1 Global AI Translation Revenue (USD Million) By Regions (2018-2022)

8.2 North America AI Translation Revenue (USD Million) by Type, and Application (2018-2022)

8.2.1 North America AI Translation Revenue (USD Million) by Country (2018-2022)

8.2.2 North America AI Translation Revenue (USD Million) by Type (2018-2022)

8.2.3 North America AI Translation Revenue (USD Million) by Applications (2018-2022)

8.3 Europe AI Translation Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)

8.3.1 Europe AI Translation Revenue (USD Million), by Country (2018-2022)

8.3.2 Europe AI Translation Revenue (USD Million) by Type (2018-2022)

8.3.3 Europe AI Translation Revenue (USD Million) by Applications (2018-2022)

8.4 Asia Pacific AI Translation Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)

8.4.1 Asia Pacific AI Translation Revenue (USD Million) by Country (2018-2022)

8.4.2 Asia Pacific AI Translation Revenue (USD Million) by Type (2018-2022)

8.4.3 Asia Pacific AI Translation Revenue (USD Million) by Applications (2018-2022)

8.5 South America AI Translation Revenue (USD Million), by Type, and Applications (2018-2022)

8.5.1 South America AI Translation Revenue (USD Million), by Country (2018-2022)

8.5.2 South America AI Translation Revenue (USD Million) by Type (2018-2022)

8.5.3 South America AI Translation Revenue (USD Million) by Applications (2018-2022)

8.6 Middle East and Africa AI Translation Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)

8.6.1 Middle East and Africa AI Translation Revenue (USD Million) by Country (2018-2022)

8.6.2 Middle East and Africa AI Translation Revenue (USD Million) by Type (2018-2022)

8.6.3 Middle East and Africa AI Translation Revenue (USD Million) by Applications (2018-2022)

 

9 Company Profiles

 

10 Global AI Translation Market Revenue (USD Million), by Type, and Applications (2023-2030)

10.1 Global AI Translation Revenue (USD Million) and Market Share (%) by Type (2023-2030)

10.1.1 Global AI Translation Revenue (USD Million), and Market Share (%) by Type (2023-2030)

10.2 Global AI Translation Revenue (USD Million) and Market Share (%) by Applications (2023-2030)

10.2.1 Global AI Translation Revenue (USD Million), and Market Share (%) by Applications (2023-2030)

 

11 Global AI Translation Development Regional Status and Outlook Forecast

11.1 Global AI Translation Revenue (USD Million) By Regions (2023-2030)

11.2 North America AI Translation Revenue (USD Million) by Type, and Applications (2023-2030)

11.2.1 North America AI Translation Revenue (USD) Million by Country (2023-2030)

11.2.2 North America AI Translation Revenue (USD Million), by Type (2023-2030)

11.2.3 North America AI Translation Revenue (USD Million), Market Share (%) by Applications (2023-2030)

11.3 Europe AI Translation Revenue (USD Million), by Type, and Applications (2023-2030)

11.3.1 Europe AI Translation Revenue (USD Million), by Country (2023-2030)

11.3.2 Europe AI Translation Revenue (USD Million), by Type (2023-2030)

11.3.3 Europe AI Translation Revenue (USD Million), by Applications (2023-2030)

11.4 Asia Pacific AI Translation Revenue (USD Million) by Type, and Applications (2023-2030)

11.4.1 Asia Pacific AI Translation Revenue (USD Million), by Country (2023-2030)

11.4.2 Asia Pacific AI Translation Revenue (USD Million), by Type (2023-2030)

11.4.3 Asia Pacific AI Translation Revenue (USD Million), by Applications (2023-2030)

11.5 South America AI Translation Revenue (USD Million), by Type, and Applications (2023-2030)

11.5.1 South America AI Translation Revenue (USD Million), by Country (2023-2030)

11.5.2 South America AI Translation Revenue (USD Million), by Type (2023-2030)

11.5.3 South America AI Translation Revenue (USD Million), by Applications (2023-2030)

11.6 Middle East and Africa AI Translation Revenue (USD Million), by Type, and Applications (2023-2030)

11.6.1 Middle East and Africa AI Translation Revenue (USD Million), by region (2023-2030)

11.6.2 Middle East and Africa AI Translation Revenue (USD Million), by Type (2023-2030)

11.6.3 Middle East and Africa AI Translation Revenue (USD Million), by Applications (2023-2030)

 

12 Methodology and Data Sources

12.1 Methodology/Research Approach

12.1.1 Research Programs/Design

12.1.2 Market Size Estimation

12.1.3 Market Breakdown and Data Triangulation

12.2 Data Sources

12.2.1 Secondary Sources

12.2.2 Primary Sources

12.3 Disclaimer

 

List of Tables

Table 1 Market Segmentation Analysis

Table 2 Global AI Translation Market Companies with Areas Served

Table 3 Products Offerings Global AI Translation Market

Table 4 Low Growth Scenario Forecasts

Table 5 Reference Case Growth Scenario

Table 6 High Growth Case Scenario

Table 7 Global AI Translation Revenue (USD Million) And CAGR (%) By Type (2018-2030)

Table 8 Global AI Translation Revenue (USD Million) And CAGR (%) By Applications (2018-2030)

Table 9 Global AI Translation Revenue (USD Million) And CAGR (%) By Regions (2018-2030)

Table 10 Global AI Translation Revenue (USD Million) By Type (2018-2022)

Table 11 Global AI Translation Revenue Market Share (%) By Type (2018-2022)

Table 12 Global AI Translation Revenue (USD Million) By Applications (2018-2022)

Table 13 Global AI Translation Revenue Market Share (%) By Applications (2018-2022)

Table 14 Global AI Translation Market Revenue (USD Million) By Regions (2018-2022)

Table 15 Global AI Translation Market Share (%) By Regions (2018-2022)

Table 16 North America AI Translation Revenue (USD Million) By Country (2018-2022)

Table 17 North America AI Translation Revenue (USD Million) By Type (2018-2022)

Table 18 North America AI Translation Revenue (USD Million) By Applications (2018-2022)

Table 19 Europe AI Translation Revenue (USD Million) By Country (2018-2022)

Table 20 Europe AI Translation Revenue (USD Million) By Type (2018-2022)

Table 21 Europe AI Translation Revenue (USD Million) By Applications (2018-2022)

Table 22 Asia Pacific AI Translation Revenue (USD Million) By Country (2018-2022)

Table 23 Asia Pacific AI Translation Revenue (USD Million) By Type (2018-2022)

Table 24 Asia Pacific AI Translation Revenue (USD Million) By Applications (2018-2022)

Table 25 South America AI Translation Revenue (USD Million) By Country (2018-2022)

Table 26 South America AI Translation Revenue (USD Million) By Type (2018-2022)

Table 27 South America AI Translation Revenue (USD Million) By Applications (2018-2022)

Table 28 Middle East and Africa AI Translation Revenue (USD Million) By Region (2018-2022)

Table 29 Middle East and Africa AI Translation Revenue (USD Million) By Type (2018-2022)

Table 30 Middle East and Africa AI Translation Revenue (USD Million) By Applications (2018-2022)

Table 31 Financial Analysis

Table 32 Global AI Translation Revenue (USD Million) By Type (2023-2030)

Table 33 Global AI Translation Revenue Market Share (%) By Type (2023-2030)

Table 34 Global AI Translation Revenue (USD Million) By Applications (2023-2030)

Table 35 Global AI Translation Revenue Market Share (%) By Applications (2023-2030)

Table 36 Global AI Translation Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2030)

Table 37 North America AI Translation Revenue (USD)By Country (2023-2030)

Table 38 North America AI Translation Revenue (USD Million) By Type (2023-2030)

Table 39 North America AI Translation Revenue (USD Million) By Applications (2023-2030)

Table 40 Europe AI Translation Revenue (USD Million) By Country (2023-2030)

Table 41 Europe AI Translation Revenue (USD Million) By Type (2023-2030)

Table 42 Europe AI Translation Revenue (USD Million) By Applications (2023-2030)

Table 43 Asia Pacific AI Translation Revenue (USD Million) By Country (2023-2030)

Table 44 Asia Pacific AI Translation Revenue (USD Million) By Type (2023-2030)

Table 45 Asia Pacific AI Translation Revenue (USD Million) By Applications (2023-2030)

Table 46 South America AI Translation Revenue (USD Million) By Country (2023-2030)

Table 47 South America AI Translation Revenue (USD Million) By Type (2023-2030)

Table 48 South America AI Translation Revenue (USD Million) By Applications (2023-2030)

Table 49 Middle East and Africa AI Translation Revenue (USD Million) By Region (2023-2030)

Table 50 Middle East and Africa AI Translation Revenue (USD Million) By Region (2023-2030)

Table 51 Middle East and Africa AI Translation Revenue (USD Million) By Type (2023-2030)

Table 52 Middle East and Africa AI Translation Revenue (USD Million) By Applications (2023-2030)

Table 53 Research Programs/Design for This Report

Table 54 Key Data Information from Secondary Sources

Table 55 Key Data Information from Primary Sources

 

List of Figures

Figure 1 Market Scope

Figure 2 Porter’s Five Forces

Figure 3 Global AI Translation Revenue (USD Million) By Type (2018-2022)

Figure 4 Global AI Translation Revenue Market Share (%) By Type (2022)

Figure 5 Global AI Translation Revenue (USD Million) By Applications (2018-2022)

Figure 6 Global AI Translation Revenue Market Share (%) By Applications (2022)

Figure 7 Global AI Translation Market Revenue (USD Million) By Regions (2018-2022)

Figure 8 Global AI Translation Market Share (%) By Regions (2022)

Figure 9 North America AI Translation Revenue (USD Million) By Country (2018-2022)

Figure 10 North America AI Translation Revenue (USD Million) By Type (2018-2022)

Figure 11 North America AI Translation Revenue (USD Million) By Applications (2018-2022)

Figure 12 Europe AI Translation Revenue (USD Million) By Country (2018-2022)

Figure 13 Europe AI Translation Revenue (USD Million) By Type (2018-2022)

Figure 14 Europe AI Translation Revenue (USD Million) By Applications (2018-2022)

Figure 15 Asia Pacific AI Translation Revenue (USD Million) By Country (2018-2022)

Figure 16 Asia Pacific AI Translation Revenue (USD Million) By Type (2018-2022)

Figure 17 Asia Pacific AI Translation Revenue (USD Million) By Applications (2018-2022)

Figure 18 South America AI Translation Revenue (USD Million) By Country (2018-2022)

Figure 19 South America AI Translation Revenue (USD Million) By Type (2018-2022)

Figure 20 South America AI Translation Revenue (USD Million) By Applications (2018-2022)

Figure 21 Middle East and Africa AI Translation Revenue (USD Million) By Region (2018-2022)

Figure 22 Middle East and Africa AI Translation Revenue (USD Million) By Type (2018-2022)

Figure 23 Middle East and Africa AI Translation Revenue (USD Million) By Applications (2018-2022)

Figure 24 Global AI Translation Revenue (USD Million) By Type (2023-2030)

Figure 25 Global AI Translation Revenue Market Share (%) By Type (2030)

Figure 26 Global AI Translation Revenue (USD Million) By Applications (2023-2030)

Figure 27 Global AI Translation Revenue Market Share (%) By Applications (2030)

Figure 28 Global AI Translation Market Revenue (USD Million) By Regions (2023-2030)

Figure 29 North America AI Translation Revenue (USD Million) By Country (2023-2030)

Figure 30 North America AI Translation Revenue (USD Million) By Type (2023-2030)

Figure 31 North America AI Translation Revenue (USD Million) By Applications (2023-2030)

Figure 32 Europe AI Translation Revenue (USD Million) By Country (2023-2030)

Figure 33 Europe AI Translation Revenue (USD Million) By Type (2023-2030)

Figure 34 Europe AI Translation Revenue (USD Million) By Applications (2023-2030)

Figure 35 Asia Pacific AI Translation Revenue (USD Million) By Country (2023-2030)

Figure 36 Asia Pacific AI Translation Revenue (USD Million) By Type (2023-2030)

Figure 37 Asia Pacific AI Translation Revenue (USD Million) By Applications (2023-2030)

Figure 38 South America AI Translation Revenue (USD Million) By Country (2023-2030)

Figure 39 South America AI Translation Revenue (USD Million) By Type (2023-2030)

Figure 40 South America AI Translation Revenue (USD Million) By Applications (2023-2030)

Figure 41 Middle East and Africa AI Translation Revenue (USD Million) By Region (2023-2030)

Figure 42 Middle East and Africa AI Translation Revenue (USD Million) By Region (2023-2030)

Figure 43 Middle East and Africa AI Translation Revenue (USD Million) By Type (2023-2030)

Figure 44 Middle East and Africa AI Translation Revenue (USD Million) By Applications (2023-2030)

Figure 45 Bottom-Up and Top-Down Approaches for This Report

Figure 46 Data Triangulation

 

 AI Translation Market Segmentation

By Type

• Translation App
• Translation Machine
• Other

By Application

• Travel
• Online Education
• Others

By Deployment Mode

• Cloud Based
• On Premise

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)