Machine Translation Market : Distinguished Players – Alibaba Cloud, AppTek LLC, Amazon.com Inc., Baidu, Cloudwords Inc., Google LLC (Alphabet Inc.), IBM Corporation, Microsoft Corporation, Moravia IT s.r.o. (RWS Holdings), Omniscien Technologies, PROMT
Constantly improving levels of accuracy and output offered by software technologies will drive machine translation market share over the forecast timeframe. Advanced methods of learning achieved with the use of improved algorithms have been creating better translation abilities. These technologies have eliminated errors like grammatical mistakes, syntax errors and wrong meanings in automated translations significantly.
The technology has helped translate large amounts of content in lesser time as compared to the human translators. There has been a significant demand from organizations for launching translation system within their business processes which will encourage the machine translation technology’s implementation.
Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/159
Earlier, only big enterprises had the sources to integrate such services due to the extra cost it entails, but the recent technological development has helped robotized translation services be available to a more SMEs and larger enterprises, fostering machine translation market size over the projected time period.
Is the booming e-commerce sector expanding global machine translation industry share?
The e-commerce sector is expected to attribute a considerable amount of revenues towards machine translation industry size in the forthcoming years. Major companies within the e-commerce sector such as Amazon, eBay and Alibaba have begun using machine translation technologies in order to efficiently and effectively deal with language barriers within the global business environment.
For instance, Alibaba Machine Translation has been serving prime international businesses of the company such as AliExpress, Taobao Overseas, Lazada and Tmall Global, among others. Machine translation system has aided the e-commerce sector to be able to reach a huge number of consumers, explore and enter new markets that have high potential for growth.
Request for customization @ https://www.gminsights.com/roc/159
How will the deployment of cloud technology impact machine translation market outlook?
The statistical machine translation (SMT) technology has been slated to constitute a high market share during the study period. With the growing requirement for cost efficiency as well an increasing focus towards incorporating big data across enterprises, machine translation market is bound to witness significant growth.
The cloud computing technology has been helping the SMT technology to be able to run effectively and has been providing high processing power with improved storage capacity. Cloud adoption has proven to be cheaper than establishing physical systems and has allowed access to the latest technologies and services to a greater number of businesses.
How is the increased defense and military expenditure fueling machine translation market share?
Machine translation industry trends have been experiencing a significant boom owing to the active efforts taken to strengthen the defense and military forces. For instance, Raytheon BBN Technologies had been offered USD 4 million in June 2017 for software licenses for automatic speech recognition, recognition of text-to-speech, software for optical character recognition and machine translation by the U.S. Army for its Machine Foreign Language Translation System Program (MFLTSP).
This shall help the US Army in communicating with the Pashto and Arabic speakers. Similar efforts by military department of other developed countries as well as consistently rising defense expenses in North America will drive machine translation development.
Which region will emerge as a promising remuneration ground for machine translation industry?
Europe machine translation market forecast is anticipated to gain substantial traction over the analysis period. Europe is known for the presence of massive automotive industries that need translation services for dealerships, how-to-manuals, and several other data sources. Companies in the region have been laying an emphasis on various data sources to boost businesses.
The European Commission has adopted the project EU-funded Health in my Language (HimL), working with international and Scottish public health organizations. The researchers are involved in the development of completely automated neural-based systems, that can translate various content regarding public health from English to Poland, Romanian, Czech and German.
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 : Distinguished Players – Alibaba Cloud, AppTek LLC, Amazon.com Inc., Baidu, Cloudwords Inc., Google LLC (Alphabet Inc.), IBM Corporation, Microsoft Corporation, Moravia IT s.r.o. (RWS Holdings), Omniscien Technologies, PROMT here
News-ID: 2278784 • Views: 871
More Releases from Global Market Insights, Inc.
Marine Gensets Market Estimated to Expand at a Robust CAGR by 2025 | Key players …
Global Market Insights add New Global Marine Gensets Market report provides in-depth information about market overview, top vendors, Key market highlights, product types, market drivers, challenges, trends, Marine Gensets industry landscape, size and forecast, five forces analysis, Key leading countries/Region. Growing investment in the shipping industry along with rising seaborne import and export activities across emerging economies is set to incite the marine gensets business outlook. An increase in inter-regional trade
Electric Fuse Market is Rapidly Growing with Huge Application Scope & Opportunit …
Global Electric Fuse Market Report offers in-depth analysis of the market size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and challenges. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3508 With ongoing grid modernization initiatives and increasing usage of power equipment for wide range of applications, need for efficient protection
HVDC Cables Market to See Huge Growth by 2027 | Toshiba Corporation, Mitsubishi …
HVDC Cables Market report gives attention to market segmentation, market size, and forecast of 2021-2027 to help stakeholders in making a good decision for the future investments. HVDC Cables industry report segmented into types, application, and regions with providing production, revenue, import/export. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3510 Driven by the adoption of technologically advanced products and grid modernization across T&D networks, the HVDC cables market might grow at
Solar District Heating Market Growth & Key Business Strategies by Leading Indust …
Global Market Insights, Inc., adds Global Solar District Heating Market Report focuses on the major drivers and restraints for the Global key players. It also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3512 Increasing adoption of sustainable energy systems along with stringent regulations introduced by governments towards emission control will positively influence solar district heating
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