04-18-2017 10:54 AM CET - Business, Economy, Finances, Banking & Insurance

Machine Translation (MT) Market - Trends, Market Share, Industry Size, Growth, Opportunities, and Market in US Forecast, 2017-2021

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Machine Translation with their different Types
Machine translation (MT) is automated interpretation. It is the procedure by which computer programming is utilized to interpret the content from one natural language to another one. An interpreter must translate and analyze the greater part of the components in the content and know how every word may influence another. This requires broad expertise in grammar, punctuation, and semantics, with the source and target languages and more familiarity within regions of the respective languages. Current machine translation software frequently allows customization by area or profession. This procedure is especially powerful in areas where formal or equation-based language is utilized. It takes after that machine interpretation of government and authoritative records more promptly deliver usable output than conversation or less standardized content. A recent report on machine translation market states that, this translation can use a procedure based on linguistic rules, meaning that words of the aim language will substitute the ones in the source language be translated in a linguistic way.
There are majorly three types of machine translation system:
• Rules-based systems: It utilizes a combination of language and sentence structure rules in addition to dictionaries for regular words. Master word references are made to concentrate on specific industries. Rules-based systems generally convey predictable interpretations with precise phrasing when prepared with specific dictionaries.
• Statistical systems: These systems have no learning of language standards. Rather they "learn" to translate by investigating a lot of information for every language pair. They can be prepared for particular disciplines or industries utilizing extra information relevant to the area required. Commonly statistical systems convey more fluent sounding but less predictable interpretations.
• Neural Machine Translation (NMT): This is the latest approach that makes machines figure out how to interpret through one expansive neural system like multiple devices featured on the brain. The approach has turned out to be progressively prevalent among MT analysts and researchers, as well-trained NMT systems have started to show better interpretation execution in numerous language pairs contrasted with the expression based statistical machine translation approach.
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Table of Contents

United States Machine Translation (MT) Market Report 2017
1 Machine Translation (MT) Overview
1.1 Product Overview and Scope of Machine Translation (MT)
1.2 Classification of Machine Translation (MT)
1.2.1 Rule-Based Machine Translation (RBMT)
1.2.2 Statistical Machine Translation (SMT)
1.2.3 Others
1.3 Application of Machine Translation (MT)
1.3.1 Automotive
1.3.2 Military & Defense
1.3.3 Electronics
1.3.4 IT
1.3.5 Healthcare
1.3.6 Others
1.4 United States Market Size Sales (Volume) and Revenue (Value) of Machine Translation (MT) (2012-2022)
1.4.1 United States Machine Translation (MT) Sales and Growth Rate (2012-2022)
1.4.2 United States Machine Translation (MT) Revenue and Growth Rate (2012-2022)

2 United States Machine Translation (MT) Competition by Manufacturers
2.1 United States Machine Translation (MT) Sales and Market Share of Key Manufacturers (2015 and 2016)
2.2 United States Machine Translation (MT) Revenue and Share by Manufactures (2015 and 2016)
2.3 United States Machine Translation (MT) Average Price by Manufactures (2015 and 2016)

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