AI-Enabled Translation Services Market Growing at a CAGR of 28% during forecast period 2030
AI-Enabled Translation Services Market
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According to the Regional Research Reports, the global AI-enabled translation services market size was estimated to grow at a CAGR of 28% during the forecast period.
AI-enabled translation services as those able to use AI methods to improve the speed, quality, and cost of the language-translation workflows. The AI-enabled service with the most profound effect is neural machine translation (NMT). However, other services are now being deployed to augment and automate additional tasks in the enterprise translation process. Translation management system workflow classifications that use machine learning (ML) methods to train the workflow classification based on feedback about the results. Adaptive post-editing machine translation (PEMT) and computer-assisted translation (CAT) editing tools that incorporate any edits back into the translation model. Translation risk assessments that use composite AI (that is, multiple different methods) to provide real-time predictions of the level of risk in a given translation. Enterprise translation hubs that allow enterprises, via a single interface, to select the optimal resource — for instance, selecting between different NMT solutions based on cost or quality. NMT data cleaning and preparation services, which allow for improved NMT model training and customization. These solutions may be used to augment the current translation processes or to develop new workflows.
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This report contains the market size and forecasts of AI-Enabled Translation Services in the global market, including the following market information:
- Global AI-Enabled Translation Services Market Revenue, 2018-2021, 2022-2030, (US$ Millions)
- Global AI-Enabled Translation Services Market Sales, 2018-2021, 2022-2030, (MT)
- Global top five AI-Enabled Translation Services companies in 2021 (%)
Regional Research Reports has surveyed the AI-Enabled Translation Services manufacturers, suppliers, distributors, and industry experts in this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global AI-Enabled Translation Services Market, By Type, 2018-2021, 2022-2030 (US$ Millions)
Global AI-Enabled Translation Services Market Segment Percentages, By Type, 2021 (%)
- Online Service
- Offline Service
Global AI-Enabled Translation Services Market, By Application, 2018-2021, 2022-2030 (US$ Millions)
Global AI-Enabled Translation Services Market Segment Percentages, By Application, 2021 (%)
- Large Enterprises
- SMEs
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Global AI-Enabled Translation Services Market, By Region and Country, 2018-2021, 2022-2030 (US$ Millions)
Global AI-Enabled Translation Services Market Segment Percentages, By Region and Country, 2021 (%)
- North America (US, Canada, Mexico)
- South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
- Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
- The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)
Competitor Analysis of the Global AI-Enabled Translation Services Market
The report also provides an analysis of leading market participants, including:
- Key companies AI-Enabled Translation Services revenues in global market, 2018-2021 (Estimated), (US$ Millions)
- Key companies AI-Enabled Translation Services revenues share in global market, 2021 (%)
- Key companies AI-Enabled Translation Services sales in the global market, 2018-2021 (Estimated), (MT)
- Key companies AI-Enabled Translation Services sales share in global market, 2021 (%)
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Further, the report presents profiles of competitors in the market; key players include:
- AppTek
- Global Tone Communication
- Language I/O
- Lilt
- MemSource
- ModelFront
- RWS
- SYSTRAN
- Tarjama
- Translated
- TransPerfect
- Unbabel
- XTM International
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Key Questions Answered in This Report:
- What will the market forecast and the growth rate from 2022 to 2030?
- What are the top driving elements of the industry?
- What are the key trends and dynamics of the market?
- What are the obstacles developed to the market?
- How much can incremental dollar investment opportunities be witnessed in the market over the forecast period?
- Who are the leading companies with their market positioning share?
- Analysis of the companies and the market through SWOT, PORTER's, and PESTEL study.
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Why do you need to purchase this report?
- Identify the market shares, latest developments, and strategies of the major market players
- Determine the prospective investment areas based on the detailed trend examination of the global market over the next years.
- Gain an in-depth understanding of the underlying factors driving demand for different market segments in the top spending countries worldwide and identify their opportunities.
- Strengthen your market understanding regarding demand drivers, industry trends, and the latest technological developments, among others.
- Identify the major channels driving the global market, providing a clear picture of the future opportunities that can be tapped, and resulting in revenue expansion.
- Channelize capitals by focusing on the ongoing programs undertaken by the different countries within the global market.
- 3-months of analyst support, along with the Market Estimate sheet (in excel)
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