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Global Machine Translation Market: Size & Trends Shows a Rapid Growth by 2025

02-09-2021 10:24 AM CET | Industry, Real Estate & Construction

Press release from: Orion Market Research

The global machine translation market is anticipated to grow at a significant CAGR during the forecast period. The machine translation is considered to be a booming area of research and Innovation nowadays. The application of machine translation is very vast starting from the commercial market to the aerospace and defense market. Since the companies are distributed all across the globe they must communicate clearly and rapidly so that they can collaborate effectively.
Therefore, machine translation enables companies to perform all the activities in various languages in an effective manner. In addition, the use of machine translation enables the company to have a much higher level of confidence that the communications are accurate and truly useful for enabling business agility. Machine translation is in coming out as a necessary technology for any global enterprise that wants to be agile hence driving the machine translation market.

To Request a Sample of our Report on Global Machine Translation Market: https://www.omrglobal.com/request-sample/machine-translation-market

Moreover, one of the major reasons why enterprises want to invest so heavily in the machine translation industry is that it will enable the companies to leverage their customers as well as allow them for the localization of their business. The amount of content that enterprises produce is growing exponentially and there are not enough translators. So, machine translation has become a mandatory tool for enterprises. Additionally, innovation in artificial intelligence is changing the way that companies approach the problem of helping customers.

However, the neural networks and deep learning revolutionize enterprises as well as other fields. For instance, machine translation has a very vast application in military and defense, and the technology is used by the soldiers of the US. The US soldiers that are posted in Afghanistan use smartphone-based machine translation technology to bridge the language gap between soldiers and the people of Afghanistan. Smartphones using the latest generation of machine translation technology convert English into Afghanistan’s local language pesto and then pesto back into English. Such applications of technology tend to give a boost to the growth of the global machine translation market.
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A full Report of Global Machine Translation Market is Available at: https://www.omrglobal.com/report-customization/machine-translation-market

Global Machine Translation Market- Segmentation

By Technology

• Statistical Machine Translation
• Rule-based Machine Translation
• Others

By End-User

• Automotive
• IT & Telecommunication
• Healthcare
• Military & Defence
• Others

Machine Translation Market – Segment by Region

North America

• US
• Canada
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World

Company Profiles
• AppTek
• CloudwordsInc.
• Google LLC
• Honyaku Center Inc.
• IBM Corp.
• LeidosInc.
• Lingotek Inc.
• Lionbridge Technologies, Inc.
• Microsoft Corp.
• OmniLingua Worldwide, LLC
• Omniscien Technologies Inc.
• PROMPT LLC
• RWS Holdings PLC
• SAP SE
• SDL Plc
• Systran S.A.S.
• TransPerfect
• Raytheon Technologies Corp.
• Venga Global
• Welocalize Inc.
• Yandex LLC

Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/machine-translation-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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