Machine Translation Statistics 2023
– Everything You Need to Know

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Machine Translation Statistics 2023: Facts about Machine Translation outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Machine Translation, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will Machine Translation Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

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Top Machine Translation Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 31 Machine Translation Statistics on this page 🙂

Machine Translation “Latest” Statistics

  • Localized mobile ads outperformed their English equivalents in 86% of cases, with conversion and click-through rates increasing by 22% and 42%, respectively.[1]
  • 75% of respondents to a 2020 poll of 7,000 professional translators and interpreters were self-employed.[1]
  • 75% of customers are more inclined to purchase items from websites in their native language, according to large-scale behavioral research from a 2014 CSA analysis.[1]
  • Spanish translations had the greatest accuracy rate of 94%, followed by Tagalog translations at 90%, and Korean translations at 82.5%, according to research that examined Google translations of medical instructions for patients.[1]
  • 93% of independent translators, according to a 2020 poll, have earned at least one degree. Among these, 39% have a linguistic degree.[1]
  • Project managers spent 40% less time on tasks connected to translation.[1]
  • Eye pupils will shrink below 60%, suggesting a greater concentrated effort on the activity.[1]
  • Nearly 40% of internet users said they would never make a purchase from a website in a language other than their own.[1]
  • A large producer of intra-logistics systems, Bernhard Beumer Maschinenfabrik KG, claimed that utilizing TM resulted in a 30% decrease in translation costs.[1]
  • Some translators may only charge 50% to 70% of their standard translation prices for post-editing services, depending on the quality of the MT they deliver.[1]
  • The market for language services worldwide is almost entirely owned by Europe (49%), followed by North America (39.41%).[1]
  • Fortune 500 businesses that invested in translation were 2.04 times more likely to increase profits and 1.27 times more likely to increase earnings per share.[1]
  • In a 2017 survey, 94% of marketers in the U.S. and Europe said they would prioritize increasing their spending for content localization in the next year.[1]
  • In one research, advertising with localized content had click-through rates that were 22% higher for women and 87% higher for males.[1]
  • 52% of participants had no official translation or interpretation credentials in their mother tongue.[1]
  • Machine translations were used in 24% more projects for end customers in 2020 than they were in 2019, according to language service providers.[1]
  • Average rates for female freelance translators are 7% higher than those of male translators.[1]
  • Freelancers who belong to professional organisations often charge 30% more than those who do not.[1]
  • One business witnessed a 60% improvement in productivity in the first five months after utilizing translation software.[1]
  • Asia has the most indigenous languages out of all the continents, with 32%, closely followed by Africa with 30%.[1]
  • The income from statistical machine translation accounts for over 65% of the total MT market.[1]
  • From 2019 to 2029, the employment of translators and interpreters is anticipated to grow by 20%, which is much faster than the average rate of 4% for all professions.[1]
  • In 2020, there were 14,362 persons working as freelance translators, and 58.2% of them were women.[1]
  • English is the most commonly used language on the internet, making up about 25.3% of all information there.[1]
  • When dealing with fuzzy matches between 60% and 69% similarity, the translators exerted the least amount of cognitive effort possible.[1]
  • It is believed that by translating your website for the United States, China, Japan, and Germany nations, you may reach 50% of the global sales potential.[1]
  • By translating your website into the top languages, you may get into 80% of the world’s online consumer market.[1]
  • Compared to direct customers, translation companies are 2.5 times more likely to request pricing reductions from translators.[1]
  • According to translators, utilizing translation software may increase their output by at least 30%.[1]
  • The expenses of translation that result from human mistakes, wasteful email correspondence, and time spent uploading information and searching databases may be reduced by 90% with the use of the correct tools.[1]
  • The digital marketing company, Dataduck, was able to automatically translate 15% of its material using TM alone after six months of installing the technology, considerably lowering per.[1]

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About Author & Editorial Staff

Steve Goldstein, founder of LLCBuddy, is a specialist in corporate formations, dedicated to guiding entrepreneurs and small business owners through the LLC process. LLCBuddy provides a wealth of streamlined resources such as guides, articles, and FAQs, making LLC establishment seamless. The diligent editorial staff makes sure content is accurate, up-to-date information on topics like state-specific requirements, registered agents, and compliance. Steve's enthusiasm for entrepreneurship makes LLCBuddy an essential and trustworthy resource for launching and running an LLC.

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