MACHINE TRANSLATION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In February 2023, RWS announced the launch of its TrainAI brand, which offers clients comprehensive end-to-end services for collecting, annotating, and validating AI data in any language and at any scale. TrainAI builds on RWS's extensive experience providing machine translation and AI training data services to help the world's largest organizations improve the quality of their machine learning models and AI applications.
• In January 2023, Siemens announced an expanded digitalization portfolio for the Indian machine tool industry to improve value and profitability for customers. The expanded portfolio includes solutions that enable machine tool manufacturers and users to design, build, and optimize machines and components more quickly, adapt flexibly to market needs, and boost productivity across various industries.
• In September 2022, Tarjama, a language service provider in the MENA region, launched an Arabic machine translation (AMT) website called Tarjama Translate. The platform focuses on providing businesses with quick access to Arabic translation services, enabling them to effectively reach Arabic-speaking clients.
• In August 2022, RWS announced a partnership with Reynen Court, a platform that provides law firms and legal departments with an app store and control panel to easily source, evaluate, deploy, monitor, and manage legal technology applications. As part of this partnership, Reynen Court offers RWS's cutting-edge Language Weaver machine translation technology to legal clients seeking to enhance multilingual communications and eDiscovery. Reynen Court's clients gain access to Language Weaver's 3,000 language combinations within a secure environment.