Press release
Europe Machine Translation Market, 2019-2024 by Segmentation Based on Product, Application and Region
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The governments of EU economies are one of the major stakeholders in the Europe machine translation market. The European Commission (EC) introduced online eTranslation services for civil workers in November 2017. The service is accessible to EC information systems through Advance Passenger Information System (API) along with individual users. In addition, contributions from the European Association for Machine Translation are creating opportunities for professional translators, developers, and researchers to promote and develop such systems.
Based on technology, the Europe machine translation market is projected to witness a strong growth in SMT-based systems. These systems yield results by finding similar patterns. These systems require enormous bilingual texts and work by comparing source content to a database of previous translations. . Some of the examples of such systems are open-source Moses system, Google Translate, and Bing Translator. These systems are much more natural when compared with RBMT systems.
The prominent players of the Europe machine translation market are Lionbridge, Sampark, Moravia IT, Lucy Software, Microsoft Corporation, Google Inc., IBM Corporation, and others. Companies are deploying Neural Machine Translation (NMT) in their product offerings for a larger market share. For instance, Google and Microsoft are developing solutions to effectively translate documents in different languages. Google’s NMT tool was initially launched in 2016 and is based on artificial neural network to decode the semantic data for multilingual translations.
Segments we Cover:
Europe Machine Translation Market Statistics By Application:
Automotive
Military & defense
Electronics
IT
Healthcare
Others
Europe Machine Translation Market Trends By Technology:
RBMT
SMT
Others
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Table of Content:
Chapter 1.Methodology & Scope
Market scope & definitions
Assumptions
Research methodology
Chapter 2.Executive Summary
Chapter 3.Industry Insights
Industry segmentation
Industry ecosystem analysis
Industry impact forces
Growth drivers
Growth restraints
Regulatory overview
Porter’s analysis
PESTEL analysis
Competitive landscape, 2019
Browse key industry insights along with TOC @ https://www.graphicalresearch.com/table-of-content/1072/europe-machine-translation-market
Contact Us:
Parikhit B.
Corporate sales,
Graphical Research
Email: sales@graphicalresearch.com
Web: https://www.graphicalresearch.com
About Graphical Research:
Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.
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