Machine Translation Market 2018 | Enormous Development Foreseen With Impressive CAGR 19.40% during 2022 | Lionbridge, SYSTRAN and SDL plc.

This Launched Report Researches The Worldwide Machine Translation Market Size, Market Status, Market Share, Growth Rate And Also In Key Regions Like North America, Europe, Asia Pacific (China, Japan) And Other Regions Kindly Published By Crystal Market Research.

Market Trend Overview:
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.

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Industry Trend Analysis Overview:
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. The costs of machine translation are relatively low in comparison to conventional human translation. It is additionally quicker than human translation and usually utilized for high-volume content that would alternatively take enormous assets for translation, which is foreseen to drive the machine translation market.

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. The major players in the market are Lionbridge, SYSTRAN and SDL plc.

Regional Insights
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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Market Segmentation-
By Application:
Healthcare
Automotive
Electronics
IT
Military & Defense
Others

By Technology:
SMT
RBMT
Others

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)

Application Outlook and Trend Analysis
Consumers in the electronics business require effective translation of reports keeping in mind the end goal to accelerate production procedures and time for marketing. An electronics organization needs distributing to be done in numerous languages to give commercial and marketing catalogs, web publishing, press releases for product launches, user manuals, commercial and marketing catalogs, and so on. Machine translation suppliers create modified engines for customers in the electronics sector that are well-informed with the business' technical descriptions and particular terminologies. The machine translation market discovers application in the healthcare industry to meet the correspondence requirements of doctors. Healthcare organizations depend on translation administrations of patient pamphlets, doctor manuals, leaflets, and instructions for use, sites and other critical correspondence materials.

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Major Table of Contents:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research

Chapter 2. Executive Summary
2.1. Key Highlights

Chapter 3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
4. Machine Translation Market, By Application
4.1. Introduction
4.2. Machine Translation Market Assessment and Forecast, By Application, 2012-2022
4.3. Automotive
4.3.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.4. Electronics
4.4.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.5. Military & Defense
4.5.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.6. Healthcare
4.6.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.7. IT
4.7.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.8. Other Applications
4.8.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5. Machine Translation Market, By Technology
6. Machine Translation Market, By Region
…..CONTINUED FOR TOC

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

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

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