Machine Translation Market By Key Players: Smart Communications, Welocalize, Google, IBM, Lingo24, Cloudwords, Inc., Lingotek, Lionbridge, Microsoft, Moravia, SDL plc, SYSTRAN
Request for Sample Copy of This Report @ https://www.gminsights.com/request-sample/detail/159
Major manufacturers covered in this report are Welocalize, IBM, Lingo24, Cloudwords, Inc. Lingotek, Lionbridge, Microsoft, Moravia, SDL plc, SYSTRAN, Smart Communications., Google
Players operating in the machine translation market have been increasing their R&D spending to develop cost effective solutions to fulfil customer requirements. For instance, Lionbridge introduced Smart Automated Translation software that quickly translate large volume content with minimum error and at lower costs. Lack of output accuracy and quality provided by the technology is anticipated to inhibit the machine translation market growth. Machines or software sometime fails to translate content with great accuracy. Such mistakes sometimes prove to be very costly and may hamper the overall business growth.
Automotive applications will witness considerable growth due to the increasing use of the technology in efficiently interpreting motor part catalogs, technical documentation, how-to manuals, and automotive websites, such as ChromeData. This way the machine translation market aids the OEMs in quickening entry into international markets and surge revenue and brand equity.
Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/159
Global machine translation market share was dominated by SMT technology, which contributed over 60% to the revenue in 2016. This is attributed to the rising demand in the commercial space as it can be trained for specific data set and can be used recurrently for a business. Furthermore, the demand for cheap, fast computing hardware has enabled the SMT demand as it aids applications that rely on billions of statistics and large data.
The U.S. machine translation market is set to be driven by the presence of a large number of service providers in the region. The support from governmental organizations such as the Defense Advanced Research Projects Agency (DARPA) provides extensive funding for MT for military & defense industry. In addition, the organization has Spoken Language Communication and Translation System for Tactical Use (TRANSTAC) program aimed at evolving transportable two-way speech translation systems that can operate on handheld and laptop devices.
The machine translation market is primarily driven by the rising demand for automated translations to eliminate repetitive tasks and the escalating need for localization to better serve the customers by the companies. In addition, several companies are deploying the technology to deliver multilingual content for their global website.
Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/machine-translation-market-size
Machine translation market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:
Machine translation market by application
• Military & defense
Machine translation market by technology
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Machine Translation Market By Key Players: Smart Communications, Welocalize, Google, IBM, Lingo24, Cloudwords, Inc., Lingotek, Lionbridge, Microsoft, Moravia, SDL plc, SYSTRAN here
News-ID: 1575845 • Views: 703
More Releases from Global Market Insights, Inc.
Global sodium metasilicate pentahydrate market size by 2025 | Top Companies are …
Global Market Insights, Inc., says that sodium metasilicate pentahydrate market may exceed USD 875 million by 2025. Sodium metasilicate pentahydrate market is expected to accrue momentous proceeds from the cement industry. The product is used as a connecting agent in the making of refractory cement & can enable properties such as chemical and heat resistance and hardness. It has also found application in the cosmetic, textile, ceramics, chemical production, and
Vinyl ester market Growth in Europe, Impact Covid19 and Top key players like Swa …
Vinyl ester market to be fueled by increasing deployment of wind energy facilities, Europe to emerge as a pivotal revenue pocket. In 2017, Europe marked a growth of 25% in the wind power plant capacity annual installation as compared to 2016. Whereas wind energy was the second-largest source of power generation power in the year 2016 in Europe. Nations worldwide are actively aligning their focus toward the deployment of wind
Biaxially Oriented Polypropylene (BOPP) Market Size, Share by key players like B …
Biaxially oriented polypropylene (BOPP) market size to reach USD 20 billion by 2024. Growing focus on superior packaging for the protection of delicate good, foods, medicines, and others will favor BOPP business growth in the coming years. Rapid proliferation of e-commerce platforms along with changing consumer spending trends will drive biaxially oriented polypropylene (BOPP) market outlook. In a world of constantly-changing lifestyles, consumers expect products to be shatter-proof, lightweight, aesthetically appealing,
Titanium Dioxide Market to see 7%+ CAGR over 2021-2026 | Key Players are Tronox …
Titanium Dioxide Market growth will be driven by rising expansion activities in the paints & coatings sector and proliferating application in paper & pulp industry. For years, titanium dioxide (TiO₂) has been used in the manufacturing of numerous consumer products across various industries. The product finds applications in paints, adhesives, coatings, paper, rubber, printing inks, textiles, coated fabrics, ceramics, roofing materials, floor coverings, and cosmetics. Surging in product demand across
More Releases for Machine
Machine To Machine (M2M) Connections Market
Machine to Machine (M2M) Connections Market Research study which offers insights of in-depth research on historic and current market size along with the expected future prospects of the market and emerging trends in the market. The Machine to Machine (M2M) Connections Market report provides crucial information about the market, including Opinions from Industry experts, and the recent progressions and developments of the Machine to Machine (M2M) Connections Market. Mobile, other connected
Broaching Machine Supplier, Vertical Broaching Machine Manufacturer
TOOL ROOM ENGINEERS is highly experienced in analyzing the machining needs of your part and recommending the proper broaching machine system. Broaching is done on a variety of equipment styles and equipment sizes depending on your part application. Quite often systems are recommended based on a family of similar parts. Broaching machines are sized by tonnage and stroke, in general the more material being removed from the part and greater the size
Global Bread Machine Market
https://www.qandqmarketresearch.com/reports/7113319/bread-machine-market-85 This report studies the global Bread Machine market status and forecast, categorizes the global Bread Machine market size value & volume by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions India, Southeast Asia. The major manufacturers covered in this report Panasonic Zojirushi Cuisinart Oster Kuissential Breadman SKG Midea Delonghi PHILIPS Electrolux Galanz Breville petrus Nathome KENWOOD Bear BRAUN Chulux Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share
Man vs. Machine
Machine translation systems: hard-working little helpers Machine translation systems and CAT tools both have their purposes, applications – and limitations. In the following sections, we will briefly explain the differences in addition to the possible uses of machine and machine-supported translation. The general rule of thumb is: the more creative, emotional, inspiring and fluid a text is, the less a computer can help. Machine translation (MT) So far, no robots have taken their place
Multifunction Massage Machine Market
Global Multifunction Massage Machine market size will increase to Million US$ by 2025, from Million US$ in 2017, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Multifunction Massage Machine. This report researches the worldwide Multifunction Massage Machine market size (value, capacity, production and consumption) in
Global Virtual Machine Market
Virtual machine is a software program on the computer which acts as a virtual computers. It runs on the pre-installed operating system or host operating system of the computer and get access of virtual hardware such as virtual CPU, virtual memory, network interface and other devices and work as a guest operating system. This guest or secondary operating system runs in a small window just like any other application do