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Publication: June 2024
Report Type: Niche Report
Report Format: PDF DataSheet
Report ID: AI42600 
  Pages: 110+  

US AI Language Translation NLP Market Analysis, Size, and Forecast by Technology, Deployment Model, Industry, Organization Size, and Language Pair: 2019-2032

 June 2024   

US AI Language Translation NLP Market Growth and Performance

  • In 2023, the US AI language translation NLP market size represented US$ 2.0 Million, grew by 12.9% compared to previous year.
  • This market is projected to register a compound annual growth rate (CAGR) of 24.2% from 2024 to 2032, resulting in a forecasted market value of US$ 14.1 Million by the end of 2032.
  • When compared at a segmental level, in the US, text translation segment generated the highest revenue in 2023.
  • In the US AI language translation NLP market, the largest end user sector will be major languages, with a projected market value of US$ 4.9 Million by 2032.

US AI Language Translation NLP Market Scope

Analysis Period

2019-2032

Actual Data

2019-2023

Base Year

2023

Estimated Year

2024

CAGR Period

2024-2032
 

Research Scope

Technology

Text Translation

Speech Translation

Multimodal Translation

Customization and Adaptation

Deployment Model

On-premise

Cloud-based

Hybrid

Industry

IT and Telecom

Media and Entertainment

Energy and Power

Transportation and Logistics

Healthcare

BFSI

Retail

Manufacturing

Public Sector

Other

Organization Size

Large Enterprises

Mid Enterprises

Small Enterprises

Language Pair

Major Languages

Regional and Minority Languages

Language Families

Bidirectional Translation