Future Scope of Machine Translation Market 2019 to Boom 1483 US$ Million Value by 2025 at a CAGR of 14.60% | Analysis by Top Leading Company’s - Tek, Asia Online, Cloudwords, Lighthouse IP Group, Lingo24, Lingotek, ProMT, Raythean BBN Technologies

“Global Machine Translation Market” report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Global Machine Translation Market Overview:

The report spread across 80 pages is an overview of the Global Machine Translation Market. The Global Machine Translation Market is projected to grow at a healthy growth rate from 2019 to 2025 according to new research. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies.

The Global Machine Translation Market to reach 1483 US$ Million by 2025. The Global Machine Translation Market valued approximately 435 US$ Million in 2016 is anticipated to grow with a healthy growth rate of more than 14.60% over the forecast period 2017-2025.

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Some of the significant factors driving the growth of the Global Machine Translation (MT) Market are the growing volume of big data, the need for cost effective translation, and increasing online content. Moreover, globalization is raising the demand for location based content across various industry verticals such as electronics, travel, e-commerce and hospitality. However, the availability of free translation tools may limit the adoption of translation machine.

According to the market report analysis, the major technologies used by both academic and commercial domains to deliver systems and contents are Software as a Service (SaaS), Platform as a Service (PaaS), on-demand computing, and cloud computing. Integration of cloud computing with Machine Translation (MT) technology has emerged as a major trend. In relation to MT, cloud-based MT solutions are gaining acceptance and have the capacity to reduce operational costs as well. Cloud-based solutions improve responsiveness and unification, contributing to the seamless use of MT tools and techniques. Therefore, a significant number of organizations, especially in the developed regions, are shifting their conventional translation apps to the cloud.

The Global Machine Translation Market is segmented on the basis of End-Use Industry, Technology and Region. Based on the End-Use Industry, the Global Machine Translation (MT) Market is divided into Automotive, Military & Defence, Electronics, Information & Communication Technology, Healthcare and others. On the basis of Technology, the Global Machine Translation (MT) Market is sub-segmented into RBMT and SMT.

As per the geographic analysis, North America dominated the industry in 2016, with United States alone accounting for over 66.0% of the regional market. The growth is characterized by presence of a large number of service providers and favorable government initiatives. Asia Pacific region is anticipated to exhibit higher growth rate over the forecast period 2018-2025.

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Major Key Players:

1 App Tek

2 Asia Online Pte Ltd

3 Cloudwords Inc

4 Lighthouse IP Group

5 Lingo24 Ltd.

6 Lionbridge Technologies Inc

7 Lingotek Inc.

8 Moravia IT

9 Pangeanic

10 ProMT

11 Raythean BBN Technologies and More…………

Market segment by Regions/Countries, this report covers

1 North America Country (United States, Canada)

2 South America

3 Asia Country (China, Japan, India, Korea)

4 Europe Country (Germany, UK, France, Italy)

5 Other Country (Middle East, Africa, GCC)

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This study answers to the below key questions:

1 What will the market size be in 2025 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Machine Translation Market.

Major Points in Table of Contents:

Global Machine Translation Market Report 2019

1 Global Machine Translation Market Definition and Scope

1.1 Research Objective

1.2 Market Definition

1.3 Scope of The Study

1.4 Years Considered for The Study

1.5 Currency Conversion Rates

1.6 Report Limitation

2 Research Methodology

2.1 Research Process

2.1.1 Data Mining

2.1.2 Analysis

2.1.3 Market Estimation

2.1.4 Validation

2.1.5 Publishing

2.2 Research Assumption

3 Executive Summary

3.1 Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion)

3.2 Key Trends

…………Continued

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