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Machine Translation Market Share
- Report ID: GMI159
- Published Date: Aug 2023
- Report Format: PDF
Machine Translation Market Share
Major companies operating in the machine translation market are
- AWS
- Google LLC
- IBM Corporation
- Microsoft Corporation
- Systran International
- Lionbridge Technologies, Inc
- Welocalize Inc.
The competitive landscape of the market is characterized by a diverse range of vendors offering solutions pertaining to network optimization, performance management, and real-time analytics.
Frequently Asked Questions (FAQ) :
The market size of machine translation reached USD 982.2 million in 2022 and is set to expand at a CAGR of 22.8% between 2023 and 2032, backed by the demand for connecting with various demographics.
The healthcare segment held a dominant market share of 20% in 2022. Numerous healthcare facilities are introducing machine translation services to eliminate the language barrier faced by patients hailing from diverse ethnic backgrounds.
North America market with a major share of over 38% in 2022, owing to the presence of diverse companies often interacting with partners, customers, and clients who speak various languages.
AWS, Google LLC, IBM Corporation, Microsoft Corporation, Systran International, Lionbridge Technologies, Inc, and Welocalize Inc.
Machine Translation Market Scope
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