GITNUX MARKETDATA REPORT 2024

Statistics About The Most Accurate Translator

The most accurate translator should have a high level of precision and accuracy in translating between languages.

Last Updated: June 20, 2024

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In this post, we will explore a wide range of statistics related to the accuracy, use, and impact of various translation tools in the global market. From the percentage of companies utilizing translation services for business expansion to the capabilities of machine translators like DeepL and Google Translate, these statistics shed light on the evolving landscape of language translation technology. Let’s dive into the numbers and uncover the key insights shaping the world of translation services.

Statistic 1

"The DeepL translator’s accuracy sits at 95% for specific language pairs like English and French."

Statistic 2

"Microsoft's Bing Translator covers more than 60 languages."

Statistic 3

"The accuracy of Microsoft Translator is up to 90% for popular language pairs."

Statistic 4

"43% of companies use translation services to expand their business."

Statistic 5

"74.7% of customers are more likely to purchase a product if the post-purchase information is in their own language."

Statistic 6

"The global market for language services is valued at $46.52 billion USD as of 2020."

Statistic 7

"Currently, there are 11 languages that DeepL supports."

Statistic 8

"Reverso Translation’s accuracy ranges from 85% to 95%."

Statistic 9

"A machine translator like DeepL can translate up to 1,000,000 characters in a day."

Statistic 10

"According to customer reviews, 21.6% gave DeepL a 5-star rating."

Statistic 11

"Yandex Translate, a highly used online translation tool in Russia, currently supports 95 languages."

Statistic 12

"AI translation technology is expected to reach $1.9 billion by 2024."

Statistic 13

"Google Translate handles 103 languages, reaching an estimated 99% of the internet's population."

Statistic 14

"Google Translate app downloads reached 1 billion as of October 2020."

Statistic 15

"Approximately 20% of the global market share in translation services was held by the ten largest global Language Service Providers in 2018."

Statistic 16

"SDL Trados, a translation software, currently holds around 70% of the global CAT tools market share."

Statistic 17

"Machine translations are estimated to increase business productivity by 30% as accurate translation improves international communication."

In conclusion, the statistics presented highlight the significant impact and increasing importance of translation services in today’s globalized world. With advancements in machine translation technology reaching high levels of accuracy and efficiency, businesses are leveraging these tools to enhance their reach and drive sales. Customer preferences for localized content further emphasize the value of providing information in multiple languages. As the language services market continues to expand and evolve, it is clear that the future of translation lies in the capabilities of AI technologies and their ability to bridge communication gaps across diverse cultures and languages.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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