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Publication: June 2024
Report Type: Niche Report
Report Format: PDF DataSheet
Report ID: AI42591 
  Pages: 160+  

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

 June 2024   

Western Europe AI Language Translation NLP Market Growth and Performance

  • In 2023, the Western Europe AI language translation NLP market was valued at US$ 1.2 Million, reflecting a year-on-year growth rate of 13.0%.
  • By the end of 2032, the Western Europe AI language translation NLP market size is forecast to reach US$ 3.5 Million, registering a CAGR of 12.7% during the forecast period.
  • In 2032, the text translation segment is projected to experience a significant upsurge in market revenue, reaching US$ 1.7 Million. This segment is likely to be the largest segment, with 50.3% market share.
  • In terms of spending on associated solutions and services, IT and telecom sector dominated the AI language translation NLP market in Western Europe in 2023.

Western Europe 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

 

Western Europe AI Language Translation NLP Industry: Regional Coverage

 

Countries

Western Europe

UK

Germany

France

Italy

Spain

Benelux

Nordics

Rest of Western Europe