Press release
Machine Translation Market Technology Growth and Development 2021 to 2025 | IBM Corporation, Microsoft Corporation, SDL PLC, Google LLC
Market Insights Reports delivers key insights on the Machine Translation market in its latest report titled, “Machine Translation Market - Growth, Trends, COVID-19 Impact, And Forecasts (2021 - 2025)” provides an in-depth analysis of key players strategies, market growth, product demand, growth factors, technological innovations, regional outlook and global dynamics which includes drivers, challenges, and opportunities dominant in the industry. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.The Machine Translation Market was valued at USD 550.5 million in 2019, and it is expected to reach USD 1042.4 million by 2025, registering a CAGR of 11.23%, during the period of 2020-2025.
Market Overview:
The machine translation market is witnessing excess demand due to the increasing use of computer-assisted tools. The necessity to use the technology in favour of the more efficient translation process is, therefore, continuously increasing.
- This continuous increase can be attributed to the growth of emerging economies and the internationalization of many businesses that want to provide their content, products, and services in as many languages as possible. This requirement might prompt translation companies to rely increasingly on machine translation as a tool.
- Using machine translation technology, the text is translated at increasingly faster speeds. Multiple translation companies use it in order to generate multilingual content. Moreover, this technology increases the productivity of translators when performing translation, localization, and terminology work. Google Translate is among the most used machine translation tools due to how closely it is integrated with the search engine and Android OS. Google Translate supports around 130 languages.
Get a Free Sample PDF Copy of the Latest Research on Machine Translation Market 2021 Before the purchase:
https://www.marketinsightsreports.com/reports/10192355716/machine-translation-market-growth-trends-and-forecasts-2020-2025/inquiry?mode=28
Top Key Players in the Global Machine Translation Market: IBM Corporation, Microsoft Corporation, SDL PLC, Lionbridge Technologies Inc., Omniscien Technologies Inc., Lingotek Inc., RWS Holdings PLC, Welocalize Inc., Smart Communications Inc., Systran International Co. Ltd, AppTek Partners LLC, Google LLC, Cloudwords Inc., PROMT Ltd, Yandex NV, and Others.
Industry News and Update:
- March 2020 - The European Commission's automated eTranslation tool was made available to all the region's small and medium-sized enterprises (SMEs). The SMEs can use the eTranslation tool primarily to translate documents or plain text between any of the 24 official European Union languages, as well as Icelandic, Russian, and Norwegian. The service has been made free of charge while guaranteeing the confidentiality and security of all the translated data.
- Oct 2019 - SDL, a prominent player in content creation, translation, and delivery, announced the latest version of its SDL Machine Translation (MT), which goes beyond automatic translation, thereby, integrating with multiple platforms and is expected by the company to be a key technology for digital customer experience, eDiscovery, analytics, internal communications, and collaboration.
Key Market Trends:
Neural Machine Translation is Expected to Drive the Market Growth
- In the past few years, one of the most exciting developments in the automated translation domain has been the development of neural machine translation (NMT). The technology uses large quantities of data fed into an artificial neural network to predict the likelihood of a sequence of words, typically modeling the entire sentences in a single integrated model. The model learns by doing, in other words, artificial translation intelligence.
- NMT is also being improved continuously and refined and is anticipated to become even better in the next few years. They are expected to be embedded in the analytics and other software solutions using across the industry that can make use of these solutions even more easily, where the queries can be done in natural language, while the machine answers them. This can significantly cut the cost of organizations adopting them, prompting them to go for these solutions.
- Companies are increasing their focus on developing advanced machine translation systems to meet the growing consumer needs. For instance, Lilt Inc. launched an adaptive neural machine translation system to use a real-time feedback loop and artificial intelligence to boost a human translator's productivity. This technology promises to help close the gap between humans and machines, working together toward a future where humans can communicate and obtain information in multiple languages.
Browse Complete Report details with Table of Content:
https://www.marketinsightsreports.com/reports/10192355716/machine-translation-market-growth-trends-and-forecasts-2020-2025?mode=28
Top Line Market Forecast:
Both Regional and Global sectors are included in the Outlook, with special breakouts for the NAM, European, MENA, and Asia-Pacific regions. The data covered is from 2015 to 2019 historically and from 2020 to 2025 forecasted, it also includes the impact of Covid-19 both on the short- and long-term prospects of the industry.
This Machine Translation Market report addresses:
- The Market size from 2016-2021
- Expected market growth until 2025
- Forecast of how market drivers, restraints, and future opportunities will affect
- Segment and regions that will drive or lead the market growth and why
- Comprehensive mapping of the competitive landscape
- In-depth analysis of key sustainability strategies adopted by market place
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
Market Insights Reports
4893, Pepper drive, Harrisburg ,NC 28075,United States
Irfan Tamboli (Head of Sales)
Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com
ABOUT US:
Market Insights Reports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. Market Insights Reports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Technology Growth and Development 2021 to 2025 | IBM Corporation, Microsoft Corporation, SDL PLC, Google LLC here
News-ID: 2328890 • Views: …
More Releases from Market Insights Reports

Cold Chain Monitoring Market May See a Big Move | BlueAir, Denso, Eureka Forbes, …
Market Insights Reports published a new research publication on "Cold Chain Monitoring Market Insights, to 2032" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Cold Chain Monitoring market was mainly driven by the increasing R&D spending across the world.
Some of the key players…

Outbound Logistics Market Next Big Thing | Major Giants- Draexlmaier, Faurecia, …
Market Insights Reports published a new research publication on "Outbound Logistics Market Insights, to 2032" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Outbound Logistics market was mainly driven by the increasing R&D spending across the world.
Some of the key players profiled in…

Veterinary Telemedicine Market May See a Big Move | Nestle, Deuerer, The J.M. Sm …
Market Insights Reports published a new research publication on "Veterinary Telemedicine Market Insights, to 2032" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Veterinary Telemedicine market was mainly driven by the increasing R&D spending across the world.
Some of the key players profiled in…

Precision Planting Market is Set to Fly High in Years to Come
Market Insights Reports published a new research publication on "Precision Planting Market Insights, to 2032" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Precision Planting market was mainly driven by the increasing R&D spending across the world.
Some of the key players profiled in…
More Releases for Translation
Professional Translation Services | Mars Translation
In an era where globalization has become a driving force behind business expansion, effective communication across languages and cultures is no longer a luxury-it is a necessity. Companies aiming to succeed in international markets face the critical challenge of connecting with diverse audiences while maintaining the authenticity of their brand message. This is where Mars Translation steps in. As a leading provider of translation and localization services, Mars Translation has…
ITU Translation Promise 100% Quality Guaranteed on Translation Services in Miami
ITU Translation provides professional translation services in Miami at the most competitive rates in the industry, now offering 100% Quality Guaranteed on their translation services. They have vast experience translating a wide range of content types.
ITU Translation provides transcription services in over 150 languages for all industries and professions at an affordable rate. They specialize in legal transcription, academic research transcription, financial, insurance and investigation transcription.
Their clients upload their dictation,…
ITU Translation – Translation Agency Based In Miami Launches New Website
2017 has been an eventful year for ITU Translation, the leading provider for document translation services and language services in Miami because they conclude the year by upgrading their abilities to provide a complete digital experience to document translation services.
ITU Translation has created a new website to make its services more easily available to worldwide and local businesses located in Miami who are searching for a translation agency at their…
ITU Translation Services Launches Translation Services in Miami
ITU Translation Services is the one-stop translation company happy offering translation services in Miami and Florida. Miami is rich in culture. The mixture of nationalities, languages, and cultures is what makes Miami beautiful. In Miami of most places, we understand that communication is important. In a city packed with various languages and nationalities, not understanding each other is not a solution. ITU Translation Services have discovered solutions to connect the…
Translation Express is Technology-Powered by Projetex Translation Management Sys …
Translation Express, one of the most recognized companies in Singapore and ASEAN countries, became powered by Projetex: Translation Management System for Translation Agencies by AIT. Projetex was selected to support the Translation Express business with the top-notch up-to-date workflow solutions.
The main feature of Translation Express has been in undertaking the task of translation only by professionally-qualified translators working into their mother-tongue. More than 200 Translation Express linguists are located…
Translation Services USA Releases Translation Cloud Facebook App
Translation Services USA, a trusted provider of professional translations has launched the Translation Cloud Facebook App, the latest addition to the companies quickly expanding list of language resources and tools. Harnessing the power of Facebook’s 550M users, Translation Cloud is a fresh and easy-to-use platform for freelance translators and can be used all over the world.
Translation Cloud boasts a simplified sign-up process, taking no more than 5 minutes to complete.…