Market Overview:
The global language translation machine market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for online and offline translation services across different applications such as business, travel, foreign language learning, and others. Additionally, the growing demand for multilingual content is also fueling the growth of this market. However, lack of standardization in machine translation technology is restraining the growth of this market.
Product Definition:
A language translation machine is a computer system that translates text from one language into another. The purpose of a language translation machine is to make it easier for people who speak different languages to communicate with each other.
Online translation:
Online translation is a service, which helps in translating text or speech from one language to another. It is also known as web-based or computer-aided translation. Online translators are used by people who want to translate documents and files on their computers and by businesses that need translated websites or software. The main aim of online translators is to provide users with an easy way of communicating in different languages across the globe, thereby helping them expand their business globally without having any language barriers.
Offline translation:
Offline translation is also known as Simultaneous interpretation or glossary-based machine translation. It is a type of language translation where the human translators are not dependent on the technology for their work. The process involves two steps: first, a native speaker or an automatic speech recognition system translates the source text into the target language; and second, another person (the interpreting expert) interpret these translated words into another language.
Application Insights:
The others application segment includes software translation, technical translation, and human translation. The business application segment held the largest market share in 2017 as it is widely used for corporate communication across various industries. The travel application is expected to be the fastest-growing segment over the forecast period owing to increasing number of foreign tourists visiting different countries worldwide.
The demand for online languagetranslation machines has been witnessing significant growth due to easy access and use of these services by customers around the globe. Offline translators are also increasingly being adopted by companies as an efficient way of communicating with their clients or employees who speak a different language from that of company's native tongue. This has led to increased adoption across all industry verticals including IT & telecom, financial services etc.
Regional Analysis:
The Asia Pacific region is expected to emerge as a prominent market for global language translation machines. The growth can be attributed to the increasing demand for online and offline translation across various applications in countries such as China, Japan, India, and South Korea. Moreover, the rising number of foreign travelers in this region has led to an increase in demand for travel assistance translator apps that provide real-time translations across languages while traveling overseas.
The Latin American regional market captured a revenue share of over 20% in 2017 owing to the presence of several emerging economies such as Brazil and Mexico that are majorly English-speaking nations. Furthermore, these countries have been hosting several international events recently which has increased visibility of global language translation machine providers thereby boosting adoption rate within this region.
Growth Factors:
- Increasing demand for language translation services from small and medium-sized businesses (SMBs)
- Rapid growth of the e-commerce sector, which is fuelling the demand for translations of product descriptions, marketing materials, and other content
- The increasing number of international conferences and events that require simultaneous interpretation services
- The growing popularity of foreign travel among consumers in developed countries
- The increasing use of machine translation technology by large enterprises to reduce costs and improve efficiency
Scope Of The Report
Report Attributes
Report Details
Report Title
Language Translation Machine Market Research Report
By Type
Online translation, Offline translation
By Application
Trave Aboard, Business, Foreign Language Learning, Others
By Companies
IFLY TEK, Newsmy, Philips, Koridy, MI, Yiyou, TranSay, Hobsest, NEX EYE, Sougou, IFLY TEK, Transnbox
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
150
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Language Translation Machine Market Report Segments:
The global Language Translation Machine market is segmented on the basis of:
Types
Online translation, Offline translation
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Trave Aboard, Business, Foreign Language Learning, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IFLY TEK
- Newsmy
- Philips
- Koridy
- MI
- Yiyou
- TranSay
- Hobsest
- NEX EYE
- Sougou
- IFLY TEK
- Transnbox
Highlights of The Language Translation Machine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Online translation
- Offline translation
- By Application:
- Trave Aboard
- Business
- Foreign Language Learning
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Language Translation Machine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A language translation machine is a computer program that can automatically translate text from one language to another.
Some of the key players operating in the language translation machine market are IFLY TEK, Newsmy, Philips, Koridy, MI, Yiyou, TranSay, Hobsest, NEX EYE, Sougou, IFLY TEK, Transnbox.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Language Translation Machine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Language Translation Machine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Language Translation Machine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Language Translation Machine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Language Translation Machine Market Size & Forecast, 2018-2028
4.5.1 Language Translation Machine Market Size and Y-o-Y Growth
4.5.2 Language Translation Machine Market Absolute $ Opportunity
Chapter 5 Global Language Translation Machine Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Language Translation Machine Market Size Forecast by Type
5.2.1 Online translation
5.2.2 Offline translation
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Language Translation Machine Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Language Translation Machine Market Size Forecast by Applications
6.2.1 Trave Aboard
6.2.2 Business
6.2.3 Foreign Language Learning
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Language Translation Machine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Language Translation Machine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Language Translation Machine Analysis and Forecast
9.1 Introduction
9.2 North America Language Translation Machine Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Language Translation Machine Market Size Forecast by Type
9.6.1 Online translation
9.6.2 Offline translation
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Language Translation Machine Market Size Forecast by Applications
9.10.1 Trave Aboard
9.10.2 Business
9.10.3 Foreign Language Learning
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Language Translation Machine Analysis and Forecast
10.1 Introduction
10.2 Europe Language Translation Machine Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Language Translation Machine Market Size Forecast by Type
10.6.1 Online translation
10.6.2 Offline translation
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Language Translation Machine Market Size Forecast by Applications
10.10.1 Trave Aboard
10.10.2 Business
10.10.3 Foreign Language Learning
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Language Translation Machine Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Language Translation Machine Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Language Translation Machine Market Size Forecast by Type
11.6.1 Online translation
11.6.2 Offline translation
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Language Translation Machine Market Size Forecast by Applications
11.10.1 Trave Aboard
11.10.2 Business
11.10.3 Foreign Language Learning
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Language Translation Machine Analysis and Forecast
12.1 Introduction
12.2 Latin America Language Translation Machine Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Language Translation Machine Market Size Forecast by Type
12.6.1 Online translation
12.6.2 Offline translation
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Language Translation Machine Market Size Forecast by Applications
12.10.1 Trave Aboard
12.10.2 Business
12.10.3 Foreign Language Learning
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Language Translation Machine Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Language Translation Machine Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Language Translation Machine Market Size Forecast by Type
13.6.1 Online translation
13.6.2 Offline translation
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Language Translation Machine Market Size Forecast by Applications
13.10.1 Trave Aboard
13.10.2 Business
13.10.3 Foreign Language Learning
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Language Translation Machine Market: Competitive Dashboard
14.2 Global Language Translation Machine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IFLY TEK
14.3.2 Newsmy
14.3.3 Philips
14.3.4 Koridy
14.3.5 MI
14.3.6 Yiyou
14.3.7 TranSay
14.3.8 Hobsest
14.3.9 NEX EYE
14.3.10 Sougou
14.3.11 IFLY TEK
14.3.12 Transnbox
