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Acolad Group
Amazon Web Services Inc.
DeepL SE
DeepSeek
Google LLC
LanguageLine Solutions
LILT Inc.
MemoQ Translation Technologies Ltd.
Microsoft Corp.
OpenAI
RWS Holdings PLC
Smartling Inc.
TransPerfect Global Inc.
Unbabel Inc.
Welocalize Inc.
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KSA
The AI language translator tool market is forecasted to grow by USD 7,414.8 mn during 2024-2029, accelerating at a CAGR of 17.1% during the forecast period. The report on the AI language translator tool market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by imperative of globalization and proliferation of digital content, rapid technological advancements in artificial intelligence, and rising demand for personalized and superior customer experiences.
Market Scope
Base Year 2025
End Year 2029
Series Year 2025-2029
Growth Momentum Accelerate
YOY 2025 16.5%
CAGR 17.1%
Incremental Value $7,414.8 mn
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's AI language translator tool market is segmented as below:
By Product
By Type
Text translation tools
Speech translation tools
Video translation tools
Image-based translation tools
Multimodal translation tools
By Application
E-commerce and retail
Healthcare and pharmaceuticals
Legal and financial services
Others
By Geographical Landscape
North America
Europe
APAC
South America
Middle East and Africa
This study identifies the ascendancy of multimodal and interactive translation as one of the prime reasons driving the AI language translator tool market growth during the next few years. Also, rise of hyper-personalization and model customization and deep workflow integration and the platformization of translation will lead to sizable demand in the market.
The report on the AI language translator tool market covers the following areas:
AI Language Translator Tool Market sizing
AI Language Translator Tool Market forecast
AI Language Translator Tool Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading AI language translator tool market vendors that include Acolad Group, Amazon Web Services Inc., AppTek, CyraCom International Inc., DeepL SE, DeepSeek, Google LLC, LanguageLine Solutions, LILT Inc., MemoQ Translation Technologies Ltd., Microsoft Corp., OpenAI, Propio Language Services, RWS Holdings PLC, Smartling Inc., STAR AG, TransPerfect Global Inc., Unbabel Inc., and Welocalize Inc.. Also, the AI language translator tool market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on Global - Market size and forecast 2024-2029 ($ million)
Data Table on Global - Market size and forecast 2024-2029 ($ million)
Chart on Global Market: Year-over-year growth 2024-2029 (%)
Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Global AI Language Translator Tool Market 2019 - 2023
Historic Market Size - Data Table on Global AI Language Translator Tool Market 2019 - 2023 ($ million)
5.2 Product segment analysis 2019 - 2023
Historic Market Size - Product Segment 2019 - 2023 ($ million)
5.3 Type segment analysis 2019 - 2023
Historic Market Size - Type Segment 2019 - 2023 ($ million)
5.4 Application segment analysis 2019 - 2023
Historic Market Size - Application Segment 2019 - 2023 ($ million)
5.5 Geography segment analysis 2019 - 2023
Historic Market Size - Geography Segment 2019 - 2023 ($ million)
5.6 Country segment analysis 2019 - 2023
Historic Market Size - Country Segment 2019 - 2023 ($ million)
6 Five Forces Analysis
6.1 Five forces summary
Five forces analysis - Comparison between 2024 and 2029
6.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2024 and 2029
6.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2024 and 2029
6.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2024 and 2029
6.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2024 and 2029
6.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2024 and 2029
6.7 Market condition
Chart on Market condition - Five forces 2024 and 2029
7 Market Segmentation by Product
7.1 Market segments
Chart on Product - Market share 2024-2029 (%)
Data Table on Product - Market share 2024-2029 (%)
7.2 Comparison by Product
Chart on Comparison by Product
Data Table on Comparison by Product
7.3 Solutions - Market size and forecast 2024-2029
Chart on Solutions - Market size and forecast 2024-2029 ($ million)
Data Table on Solutions - Market size and forecast 2024-2029 ($ million)
Chart on Solutions - Year-over-year growth 2024-2029 (%)
Data Table on Solutions - Year-over-year growth 2024-2029 (%)
7.4 Services - Market size and forecast 2024-2029
Chart on Services - Market size and forecast 2024-2029 ($ million)
Data Table on Services - Market size and forecast 2024-2029 ($ million)
Chart on Services - Year-over-year growth 2024-2029 (%)
Data Table on Services - Year-over-year growth 2024-2029 (%)
7.5 Market opportunity by Product
Market opportunity by Product ($ million)
Data Table on Market opportunity by Product ($ million)
8 Market Segmentation by Type
8.1 Market segments
Chart on Type - Market share 2024-2029 (%)
Data Table on Type - Market share 2024-2029 (%)
8.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
8.3 Text translation tools - Market size and forecast 2024-2029
Chart on Text translation tools - Market size and forecast 2024-2029 ($ million)
Data Table on Text translation tools - Market size and forecast 2024-2029 ($ million)
Chart on Text translation tools - Year-over-year growth 2024-2029 (%)
Data Table on Text translation tools - Year-over-year growth 2024-2029 (%)
8.4 Speech translation tools - Market size and forecast 2024-2029
Chart on Speech translation tools - Market size and forecast 2024-2029 ($ million)
Data Table on Speech translation tools - Market size and forecast 2024-2029 ($ million)
Chart on Speech translation tools - Year-over-year growth 2024-2029 (%)
Data Table on Speech translation tools - Year-over-year growth 2024-2029 (%)
8.5 Video translation tools - Market size and forecast 2024-2029
Chart on Video translation tools - Market size and forecast 2024-2029 ($ million)
Data Table on Video translation tools - Market size and forecast 2024-2029 ($ million)
Chart on Video translation tools - Year-over-year growth 2024-2029 (%)
Data Table on Video translation tools - Year-over-year growth 2024-2029 (%)
8.6 Image-based translation tools - Market size and forecast 2024-2029
Chart on Image-based translation tools - Market size and forecast 2024-2029 ($ million)
Data Table on Image-based translation tools - Market size and forecast 2024-2029 ($ million)
Chart on Image-based translation tools - Year-over-year growth 2024-2029 (%)
Data Table on Image-based translation tools - Year-over-year growth 2024-2029 (%)
8.7 Multimodal translation tools - Market size and forecast 2024-2029
Chart on Multimodal translation tools - Market size and forecast 2024-2029 ($ million)
Data Table on Multimodal translation tools - Market size and forecast 2024-2029 ($ million)
Chart on Multimodal translation tools - Year-over-year growth 2024-2029 (%)
Data Table on Multimodal translation tools - Year-over-year growth 2024-2029 (%)
8.8 Market opportunity by Type
Market opportunity by Type ($ million)
Data Table on Market opportunity by Type ($ million)
9 Market Segmentation by Application
9.1 Market segments
Chart on Application - Market share 2024-2029 (%)
Data Table on Application - Market share 2024-2029 (%)
9.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
9.3 E-commerce and retail - Market size and forecast 2024-2029
Chart on E-commerce and retail - Market size and forecast 2024-2029 ($ million)
Data Table on E-commerce and retail - Market size and forecast 2024-2029 ($ million)
Chart on E-commerce and retail - Year-over-year growth 2024-2029 (%)
Data Table on E-commerce and retail - Year-over-year growth 2024-2029 (%)
9.4 Healthcare and pharmaceuticals - Market size and forecast 2024-2029
Chart on Healthcare and pharmaceuticals - Market size and forecast 2024-2029 ($ million)
Data Table on Healthcare and pharmaceuticals - Market size and forecast 2024-2029 ($ million)
Chart on Healthcare and pharmaceuticals - Year-over-year growth 2024-2029 (%)
Data Table on Healthcare and pharmaceuticals - Year-over-year growth 2024-2029 (%)
9.5 Legal and financial services - Market size and forecast 2024-2029
Chart on Legal and financial services - Market size and forecast 2024-2029 ($ million)
Data Table on Legal and financial services - Market size and forecast 2024-2029 ($ million)
Chart on Legal and financial services - Year-over-year growth 2024-2029 (%)
Data Table on Legal and financial services - Year-over-year growth 2024-2029 (%)
9.6 Others - Market size and forecast 2024-2029
Chart on Others - Market size and forecast 2024-2029 ($ million)
Data Table on Others - Market size and forecast 2024-2029 ($ million)
Chart on Others - Year-over-year growth 2024-2029 (%)
Data Table on Others - Year-over-year growth 2024-2029 (%)
9.7 Market opportunity by Application
Market opportunity by Application ($ million)
Data Table on Market opportunity by Application ($ million)
10 Customer Landscape
10.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Geographic Landscape
11.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2024-2029 (%)
Data Table on Market share By Geographical Landscape 2024-2029 (%)
11.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
11.3 North America - Market size and forecast 2024-2029
Chart on North America - Market size and forecast 2024-2029 ($ million)
Data Table on North America - Market size and forecast 2024-2029 ($ million)
Chart on North America - Year-over-year growth 2024-2029 (%)
Data Table on North America - Year-over-year growth 2024-2029 (%)
11.4 Europe - Market size and forecast 2024-2029
Chart on Europe - Market size and forecast 2024-2029 ($ million)
Data Table on Europe - Market size and forecast 2024-2029 ($ million)
Chart on Europe - Year-over-year growth 2024-2029 (%)
Data Table on Europe - Year-over-year growth 2024-2029 (%)
11.5 APAC - Market size and forecast 2024-2029
Chart on APAC - Market size and forecast 2024-2029 ($ million)
Data Table on APAC - Market size and forecast 2024-2029 ($ million)
Chart on APAC - Year-over-year growth 2024-2029 (%)
Data Table on APAC - Year-over-year growth 2024-2029 (%)
11.6 South America - Market size and forecast 2024-2029
Chart on South America - Market size and forecast 2024-2029 ($ million)
Data Table on South America - Market size and forecast 2024-2029 ($ million)
Chart on South America - Year-over-year growth 2024-2029 (%)
Data Table on South America - Year-over-year growth 2024-2029 (%)
11.7 Middle East and Africa - Market size and forecast 2024-2029
Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
11.8 US - Market size and forecast 2024-2029
Chart on US - Market size and forecast 2024-2029 ($ million)
Data Table on US - Market size and forecast 2024-2029 ($ million)
Chart on US - Year-over-year growth 2024-2029 (%)
Data Table on US - Year-over-year growth 2024-2029 (%)
11.9 China - Market size and forecast 2024-2029
Chart on China - Market size and forecast 2024-2029 ($ million)
Data Table on China - Market size and forecast 2024-2029 ($ million)
Chart on China - Year-over-year growth 2024-2029 (%)
Data Table on China - Year-over-year growth 2024-2029 (%)
11.10 Germany - Market size and forecast 2024-2029
Chart on Germany - Market size and forecast 2024-2029 ($ million)
Data Table on Germany - Market size and forecast 2024-2029 ($ million)
Chart on Germany - Year-over-year growth 2024-2029 (%)
Data Table on Germany - Year-over-year growth 2024-2029 (%)
11.11 UK - Market size and forecast 2024-2029
Chart on UK - Market size and forecast 2024-2029 ($ million)
Data Table on UK - Market size and forecast 2024-2029 ($ million)
Chart on UK - Year-over-year growth 2024-2029 (%)
Data Table on UK - Year-over-year growth 2024-2029 (%)
11.12 Japan - Market size and forecast 2024-2029
Chart on Japan - Market size and forecast 2024-2029 ($ million)
Data Table on Japan - Market size and forecast 2024-2029 ($ million)
Chart on Japan - Year-over-year growth 2024-2029 (%)
Data Table on Japan - Year-over-year growth 2024-2029 (%)
11.13 India - Market size and forecast 2024-2029
Chart on India - Market size and forecast 2024-2029 ($ million)
Data Table on India - Market size and forecast 2024-2029 ($ million)
Chart on India - Year-over-year growth 2024-2029 (%)
Data Table on India - Year-over-year growth 2024-2029 (%)
11.14 Canada - Market size and forecast 2024-2029
Chart on Canada - Market size and forecast 2024-2029 ($ million)
Data Table on Canada - Market size and forecast 2024-2029 ($ million)
Chart on Canada - Year-over-year growth 2024-2029 (%)
Data Table on Canada - Year-over-year growth 2024-2029 (%)
11.15 France - Market size and forecast 2024-2029
Chart on France - Market size and forecast 2024-2029 ($ million)
Data Table on France - Market size and forecast 2024-2029 ($ million)
Chart on France - Year-over-year growth 2024-2029 (%)
Data Table on France - Year-over-year growth 2024-2029 (%)
11.16 Brazil - Market size and forecast 2024-2029
Chart on Brazil - Market size and forecast 2024-2029 ($ million)
Data Table on Brazil - Market size and forecast 2024-2029 ($ million)
Chart on Brazil - Year-over-year growth 2024-2029 (%)
Data Table on Brazil - Year-over-year growth 2024-2029 (%)
11.17 South Korea - Market size and forecast 2024-2029
Chart on South Korea - Market size and forecast 2024-2029 ($ million)
Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
Chart on South Korea - Year-over-year growth 2024-2029 (%)
Data Table on South Korea - Year-over-year growth 2024-2029 (%)
11.18 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ million)
Data Tables on Market opportunity By Geographical Landscape ($ million)
12 Drivers, Challenges, and Opportunity/Restraints
12.1 Market drivers
12.2 Market challenges
12.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
12.4 Market opportunities/restraints
13 Competitive Landscape
13.1 Overview
13.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
13.3 Landscape disruption
Overview on factors of disruption
13.4 Industry risks
Impact of key risks on business
14 Competitive Analysis
14.1 Companies profiled
14.2 Company ranking index
14.3 Market positioning of companies
Matrix on companies position and classification
14.4 Acolad Group
Acolad Group - Overview
Acolad Group - Product / Service
Acolad Group - Key offerings
SWOT
14.5 Amazon Web Services Inc.
Amazon Web Services Inc. - Overview
Amazon Web Services Inc. - Product / Service
Amazon Web Services Inc. - Key news
Amazon Web Services Inc. - Key offerings
SWOT
14.6 DeepL SE
DeepL SE - Overview
DeepL SE - Product / Service
DeepL SE - Key offerings
SWOT
14.7 DeepSeek
DeepSeek - Overview
DeepSeek - Product / Service
DeepSeek - Key offerings
SWOT
14.8 Google LLC
Google LLC - Overview
Google LLC - Product / Service
Google LLC - Key offerings
SWOT
14.9 LanguageLine Solutions
LanguageLine Solutions - Overview
LanguageLine Solutions - Product / Service
LanguageLine Solutions - Key offerings
SWOT
14.10 LILT Inc.
LILT Inc. - Overview
LILT Inc. - Product / Service
LILT Inc. - Key offerings
SWOT
14.11 MemoQ Translation Technologies Ltd.
MemoQ Translation Technologies Ltd. - Overview
MemoQ Translation Technologies Ltd. - Product / Service
MemoQ Translation Technologies Ltd. - Key offerings
SWOT
14.12 Microsoft Corp.
Microsoft Corp. - Overview
Microsoft Corp. - Business segments
Microsoft Corp. - Key news
Microsoft Corp. - Key offerings
Microsoft Corp. - Segment focus
SWOT
14.13 OpenAI
OpenAI - Overview
OpenAI - Product / Service
OpenAI - Key offerings
SWOT
14.14 RWS Holdings PLC
RWS Holdings PLC - Overview
RWS Holdings PLC - Business segments
RWS Holdings PLC - Key offerings
RWS Holdings PLC - Segment focus
SWOT
14.15 Smartling Inc.
Smartling Inc. - Overview
Smartling Inc. - Product / Service
Smartling Inc. - Key offerings
SWOT
14.16 TransPerfect Global Inc.
TransPerfect Global Inc. - Overview
TransPerfect Global Inc. - Product / Service
TransPerfect Global Inc. - Key offerings
SWOT
14.17 Unbabel Inc.
Unbabel Inc. - Overview
Unbabel Inc. - Product / Service
Unbabel Inc. - Key offerings
SWOT
14.18 Welocalize Inc.
Welocalize Inc. - Overview
Welocalize Inc. - Product / Service
Welocalize Inc. - Key offerings
SWOT
15 Appendix
15.1 Scope of the report
15.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
15.3 Currency conversion rates for US$
Currency conversion rates for US$
15.4 Research methodology
15.5 Data procurement
15.6 Data validation
15.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
15.8 Data synthesis
15.9 360 degree market analysis
360 degree market analysis
15.10 List of abbreviations