Machine Translation Market Size

Machine Translation Market size was over USD 1.35 billion in 2024 and is anticipated to cross USD 6.24 billion by 2037, growing at more than 12.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of machine translation is estimated at USD 1.49 billion.. The growth of the market can be attributed to the increasing use of e-commerce platforms for shopping. In the world of growing digitization, the need for e-commerce is also propelling.  People from different parts of world are using the services, which makes the need for machine translation even more important. Food delivery and same-day choices might propel e-commerce in South Korea to around a 45% growth rate over the next five years. Moreover, e-commerce in the United States may increase from about 23% of sales to nearly 31% by 2026.

In addition to these, factors that are believed to fuel the growth of machine translation market include the rise in the number of languages used by corporate to expand their business. For its Canadian viewers, Netflix launched French and Indonesian on its international website in 2018. In total, Netflix has increased its linguistic diversity from around 17 to 26 languages during the last two years. Moreover, in the same year, Uber added seven more languages to its apps and websites. Also, it has released an Uber Mini app for Indian users. In addition to this, Ford's website is multilingual in around 42 languages, whereas Jack Daniel's is proficient in nearly 23 languages.