Machine Translation Market 2018 | Boosting CAGR Growth 19.40% by 2022 | Top Most Players - Lionbridge, SYSTRAN and SDL plc

Competitive Insights:
Most MT mediums are text-based and give quick translations between different languages in the form of text. Some others do offer the choice of language keyboards and audio input/output. Machine translation as a service (MTSaaS) utilizes SMT and is available by means of the web. This enables clients to alter their machine translation engine with their translation memories, otherwise called do-it-yourself machine translation. Building up an incorporated foundation is required to be a basic achievement factor for picking up share of the market. Subsequently, key joint endeavors, combined with acquisitions and mergers have been among the key procedures implemented. The major players in the market are Lionbridge, SYSTRAN and SDL plc.

Machine Translation Market – Industry Highlights
The global Machine Translation Market was worth USD 0.25 billion in the year 2012 and is expected to reach approximately USD 1.48 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 19.40% during the forecast period. Expanding interest for cost productivity in translation, developing volume of site content, and the huge measure of dialect learning required surpasses the limit of human translation, which thusly is relied upon to fuel the machine translation market. Globalization eases the need to address the linguistic variety of local audiences and web content. The conception of content created on the internet, developing significance of businesses in developing markets, and the requirement for empowering worldwide coordinated effort among representatives is relied upon to drive machine translation market development over the gauge time frame.

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Market Segmentation:
Machine Translation Market, By Application, Estimates and Forecast, 2012-2022 ($Million)

Automotive
Electronics
Military & Defense
Healthcare
IT
Other Applications

Machine Translation Market, By Technology, Estimates and Forecast, 2012-2022 ($Million)

SMT
RBMT
Other Technologies

Technology Outlook and Trend Analysis:

RBMT is a system of machine translation in view of data about the target and source languages that is extracted from grammars and dictionaries which needs human contributions for development. The process of translation is determined by human specialists who build up an arrangement of guidelines overseeing the procedure. Statistical machine translation adopts a model to determine and produce text in the objective language, while translation that is rule-based makes use of linguistic guidelines over the source dialect to create message in the objective language.

The vast majority of the present RBMT systems are being supplanted by SMT, and the market has shifted towards more SMT as prime players, for example, Lionbridge, SDL, and other language specialist co-ops are putting forth unadulterated SMT.

Regional Outlook and Trend Analysis:

Government activities and the existence of an expansive number of specialist organizations have helped support market development in the United States. Google and Microsoft, the biggest suppliers of technology situated in the United States, have made the technology of statistical machine translation well known with their free online engines. Globalization and requirement to address differing cultural gatherings have prompted the ubiquity of the technology of translation in Asia Pacific. The expansion of cell phones and expanding entrance of internet are foreseen to drive the growth of this market. Machine translation could provide a significant resolution in reducing language boundaries crosswise over various locales.

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Machine Translation Market - By Region:
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
Rest of the World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)

Machine Translation Market - List of Tables:
Table 1.Global Machine Translation Market, By Application ($Million), 2012-2022
Table 2.Automotive Market, By Region ($Million), 2012-2022
Table 3.Electronics Market, By Region ($Million), 2012-2022
Table 4.Military & Defense Market, By Region ($Million), 2012-2022
Table 5.Healthcare Market, By Region ($Million), 2012-2022
Table 6.IT Market, By Region ($Million), 2012-2022
Table 7.Other Applications Market, By Region ($Million), 2012-2022
Table 8.Machine Translation Market, By Technology ($Million), 2012-2022
Table 9.SMT Market, By Region ($Million), 2012-2022
Table 10.RBMT Market, By Region ($Million), 2012-2022
Table 11.Other Technologies Market, By Region ($Million), 2012-2022
Table 12.Machine Translation Market, By Region ($Million), 2012-2022
Table 13.North America Machine Translation Market, By Country, 2012-2022 ($Million)
Table 14.North America Machine Translation Market, By Application, 2012-2022 ($Million)
Table 15.North America Machine Translation Market, By Technology, 2012-2022 ($Million)
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List of Figures
Figure 1.Global Machine Translation Market Share, By Application, 2012 & 2022
Figure 2.Machine Translation Market, By Technology, 2012 & 2022, ($Million)
Figure 3.Machine Translation Market, By Region, 2012 & 2022, ($Million)
Figure 4.AppTek LLC: Net Revenues, 2014-2016 ($Million)
Figure 5.AppTek LLC: Net Revenue Share, By Segment, 2016
Figure 6.AppTek LLC: Net Revenue Share, By Geography, 2016
Figure 7.Google Inc.: Net Revenues, 2014-2016 ($Million)
Figure 8.Google Inc.: Net Revenue Share, By Segment, 2016
Figure 9.Google Inc.: Net Revenue Share, By Geography, 2016
Figure 10.Cloudwords, Inc.: Net Revenues, 2014-2016 ($Million)
Figure 11.Cloudwords, Inc.: Net Revenue Share, By Segment, 2016
Figure 12.Cloudwords, Inc.: Net Revenue Share, By Geography, 2016
Figure 13.IBM Corporation: Net Revenues, 2014-2016 ($Million)
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Reason to Buy:
1) An extensive research study on the Global Machine Translation Market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Machine Translation Market.

2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.

3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.
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