Machine Translation Report Cover TrendFeedr

Machine Translation Report

: Analysis on the Market, Trends, and Technologies
Topic Size
trending indicator
Topic Maturity
Monthly Search Volume
Published: June 24, 2024
Updated: June 29, 2024
Author: Thomas Ryan

The machine translation industry is experiencing significant growth, driven by advancements in AI, deep learning, and natural language understanding. With a total market presence of 1,000 companies and an annual revenue of $15 billion, the sector is maturing and expanding its applications across diverse industries such as Translation & Localization, IT & Services, Software Development, and more. The surge in article coverage and global search interest reflects the increasing public and business attention towards machine translation. Despite a recent decline in funding growth, investor confidence remains high, with a positive trajectory in topic share growth and substantial investments from notable firms. The sector’s workforce is growing, indicating competitive dynamics and innovation. Machine translation is pivotal for cross-language communication and is becoming increasingly relevant in the globalized business landscape.

We last updated this report 13 days ago. Tell us if you find something’s not quite right!

Topic Dominance Index of Machine Translation

The Dominance Index of Machine Translation looks at the evolution of the sector through a combination of multiple data sources. We analyze the distribution of news articles that mention Machine Translation, the timeline of newly founded companies working in this sector, and the share of voice within the global search data. All this combined gives a dominance index distribution of Machine Translation relative to all known Trends and Technologies.

Dominance Index growth in the last 5 years: 68.68%
Growth per month: 0.8743%

Key Activities and Applications

  • Cross-industry localization and translation services, with a focus on IT, automotive, legal, and medical sectors.
  • Software and website localization, adapting digital content for global audiences.
  • Technical documentation translation for user manuals, product descriptions, and support materials.
  • Multimedia localization including subtitling, dubbing, and voice-over for audiovisual content.
  • Machine Translation Post-Editing (MTPE) to refine AI-generated translations.

Technologies and Methodologies

  • Adoption of neural machine translation (NMT) for context-aware and fluent translations.
  • Use of translation memory and terminology management to ensure consistency across translations.
  • Implementation of cloud-based platforms for scalable and accessible translation services.
  • Development of APIs for easy integration of translation services into existing software and platforms.
  • Utilization of AI-powered speech recognition and text-to-speech for multimedia translations.

Machine Translation Funding

A total of 138 Machine Translation companies have received funding.
Overall, Machine Translation companies have raised $2.2B.
Companies within the Machine Translation domain have secured capital from 371 funding rounds.
The chart shows the funding trendline of Machine Translation companies over the last 5 years

Funding growth in the last 5 years: -88.72%
Growth per month: -3.89%

Machine Translation Companies

Uncover actionable market insights on 1.0K companies driving Machine Translation with TrendFeedr's Companies tool. The feature offers comprehensive data on innovative companies and technologies, essential for those looking to innovate and disrupt their industries.

companies image

1.0K Machine Translation Companies

Discover Machine Translation Companies, their Funding, Manpower, Revenues, Stages, and much more

View all Companies

Machine Translation Investors

Get ahead with your investment strategy with insights into 156 Machine Translation investors. TrendFeedr’s investors tool is your go-to source for comprehensive analysis of investment activities and financial trends. The tool is tailored for navigating the investment world, offering insights for successful market positioning and partnerships within Machine Translation.

investors image

156 Machine Translation Investors

Discover Machine Translation Investors, Funding Rounds, Invested Amounts, and Funding Growth

View all Investors

Machine Translation News

TrendFeedr’s News feature offers access to 5.2K news articles on Machine Translation. The tool provides up-to-date news on trends, technologies, and companies, enabling effective trend and sentiment tracking.

articles image

5.2K Machine Translation News Articles

Discover Latest Machine Translation Articles, News Magnitude, Publication Propagation, Yearly Growth, and Strongest Publications

View all Articles

Executive Summary

The machine translation industry is undergoing rapid growth, leveraging cutting-edge technologies to meet the evolving needs of global communication. The sector's expansion into various industries highlights its crucial role in enabling businesses to operate and thrive in international markets. With a strong focus on AI, deep learning, and user experience, the industry is set to continue its upward trajectory, providing innovative solutions that enhance cross-language interactions and foster global connections. As the industry progresses, it remains essential for companies to prioritize quality, efficiency, and data security in their translation offerings.

We value collaboration with industry professionals to offer even better insights. Interested in contributing? Get in touch!

StartUs Insights logo

Discover our Free Financial Technology Trends Report

Discover emerging FinTech Trends!
We'll deliver our free report straight to your inbox!

    Protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    Spot Emerging Trends Before Others

    Get access to the full database of 20,000 trends

      Protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

        This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

        Let's talk!

          Protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.