(Post-Pandemic Era)-Global MACHINE TRANSLATION (MT) Market (Sales, Revenue, Price, Gross Profit And Competitors Analysis Of Major Market) From 2016-2027
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Moreover, the economic prospects of Europe and the United States in the third quarter under the epidemic situation are hardly optimistic. The resumption of work and production not only brought economic data back, but also triggered a rebound in the epidemic situation. At present, the United States is still the 'epicenter' of the global epidemic. The total number of confirmed cases has exceeded 4.8 million, and the epidemic situation in some European countries has also rebounded. Affected by this, more than 20 states in the United States have announced the suspension or withdrawal of part of the economic restart plan. Britain and Italy have also decided to extend the state of emergency. The rebound of the epidemic situation has posed considerable risks to the economic prospects of Europe and the United States.
In the second quarter of this year, US GDP shrank by 9.5% on a month on month basis, or 32.9% at an annual rate, the largest decline since the 1940s. Data show that the sharp decline in personal consumption is the main drag on the U.S. GDP growth in the second quarter.
Compared with the United States, Europe's economic contraction in the second quarter was smaller, but it was also the lowest on record, with Germany and France contracting more than 10%. According to the data released by the Federal Bureau of statistics, Germany's GDP fell by 10.1% in the second quarter after adjusting for prices, seasons and working days, the largest decline since the quarterly economic data were available in 1970.
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Thanks to the effective control and policy support of the new epidemic, China's economy rebounded sharply in the second quarter. The growth rate of manufacturing industry, which accounted for about 28% of GDP, rebounded sharply to 4.4% from the negative value in the first quarter. Chinese original equipment manufacturers (OEMs) and suppliers are ramping up production. And there are increased investments in digital footprints in manufacturing. OEMs in other parts of the world are offering incentives to drive sales. XYZResearch published a report for global MACHINE TRANSLATION (MT) market in this environment.
In terms of revenue, this research report indicated that the global MACHINE TRANSLATION (MT) market was valued at USD X million in 2020, and it is expected to reach a value of USD X million by 2027, at a CAGR of X % over the forecast period 2021-2027. Correspondingly, the forecast analysis of MACHINE TRANSLATION (MT) industry comprises of China, USA, Japan, India, Korea and South America, with the production and revenue data in each of the sub-segments.
The AppTek? aims at producing X K Units MACHINE TRANSLATION (MT) in 2020, with X % production to take place in global market, Asia Online? accounts for a volume share of X %.
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Regional Segmentation (Value; Revenue, USD Million, 2026-2027) of MACHINE TRANSLATION (MT) Market by XYZResearch Include
Competitive Analysis; Who are the Major Players in MACHINE TRANSLATION (MT) Market?
Lighthouse IP Group
Lucy Software and Services
Raytheon BBN Technologies
Major Type of MACHINE TRANSLATION (MT) Covered in XYZResearch report:
Rule-Based Machine Translation (RBMT)
Statistical Machine Translation (SMT)
Example-based machine translation (EBMT)
Hybrid machine translation (HMT)
Application Segments Covered in XYZResearch Market
Military & Defense
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As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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