AI translation is type of advanced artificial intelligence which not only translate words that are written or spoken, but also translate the meaning of the message. AI translation gives greater accuracy and fewer misunderstandings than simple machine translation. AI translation is based on text-to text translation and speech recognition which converts words, phrase, as well as paragraph into another language.
Increase in growth of emerging economies as well as internationalization of many businesses that want to offer their content, products, and services in many languages as possible which is consider as key driving factor which is expected to boost the global AI translation market growth. Furthermore, by using AI translation technology, the text and spoken words are translated at faster speeds; multiple translation organizations use it in order to generate multilingual content. Also, this technology increases the productivity of translators when performing translation, localization and terminology work. Furthermore, increase in demand for content localization will positively contribute the market growth. Moreover, increase in need for cost-effective and high speed translation will fuel the market growth over the forecast period. In addition that, growing importance of cloud computing has resulted in increase in demand for cloud based translation tools which is expected to propel the global AI translation market growth.
However, high cost of AI translators is the major challenging factor which is expected to hinder the global AI translation market growth. Also, data security and privacy concerns will affect the market growth during this analysis period.
Global AI Translation Market is segmented into technology such as Machine Translation, Neural Machine Translation, Voice Recognition, and Others, by deployment type such as on-Premise, and Cloud. Further, market is segmented into end user such as Automotive, Military & Defense, Electronics, Information & Technology, Healthcare, and Others.
Also, Global AI Translation Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Various key players are discussed in this report such as IBM Corporation, Microsoft Corporation, SDL PLC, Lionbridge Technologies, Lighthouse IP Group, Google, Omniscien Technologies Inc, TransPerfect, LanguageLine Solutions,and RWS Holdings.
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5.1 Y-o-Y Growth Comparison, By Technology
5.2 Global AI Translation Market Share Analysis, By Technology
5.3 Global AI Translation Market Size and Forecast, By Technology
5.3.1 Machine Translation
5.3.2. Neural Machine Translation
5.3.3 Voice Recognition
5.3.4 Others
6.1 Y-o-Y Growth Comparison, By Deployment Type
6.2 Global AI Translation Market Share Analysis, By Deployment Type
6.3 Global AI Translation Market Size and Forecast, By Deployment Type
6.3.1On-Premise
6.3.2 Cloud
7.1 Y-o-Y Growth Comparison, By End User
7.2 Global AI Translation Market Share Analysis, By End User
7.3 Global AI Translation Market Size and Forecast, By End User
7.3. 1 Automotive
7.3.2. Military & Defense
7.3.3. Electronics
7.3.4 Information & Technology
7.3.5 Healthcare
7.3.6 Others
8.1 Global AI Translation Market Share Analysis, By Region
8.2 Global AI Translation Market Share Analysis, By Region
8.3 Global AI Translation Market Size and Forecast, By Region
9.1 Introduction
9.2 North America AI Translation Market Share Analysis, By Technology
9.3 North America AI Translation Market Size and Forecast, By Deployment Type
9.4 North America AI Translation Market Size and Forecast, By End User
9.5 North America AI Translation Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10.1 Introduction
10.2 Europe AI Translation Market Share Analysis, By Technology
10.3 EuropeAI Translation Market Size and Forecast, By Deployment Type
10.4 Europe AI Translation Market Size and Forecast, By End User
10.5 Europe AI Translation Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11.1 Introduction
11.2 Asia Pacific AI Translation Market Share Analysis, By Technology
11.3 Asia Pacific AI Translation Market Size and Forecast, By Deployment Type
11.4 Asia Pacific AI Translation Market Size and Forecast, By End User
11.5 Asia Pacific AI Translation Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12.1 Introduction
12.2 Latin America AI Translation Market Share Analysis, By Technology
12.3 Latin America AI Translation Market Size and Forecast, By Deployment Type
12.4 Latin America AI Translation Market Size and Forecast, By End User
12.5 Latin America AI Translation Market Size and Forecast, Country
13.1 Introduction
13.2 Middle East AI Translation Market Share Analysis, By Technology
13.3 Middle East AI Translation Market Size and Forecast, By Deployment Type
13.4 Middle East AI Translation Market Size and Forecast, By End User
13.5 Middle East AI Translation Market Size and Forecast, By Country
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
