Machine Translation Market May Set New Growth Story |IBM Corporation, Microsoft Corporation, SDL PLC, Lionbridge Technologies Inc.

This report studies the Machine Translation market in many aspects of the industry such as market size, market conditions, market trends and forecasts, and the report also provides brief information on competitors and specific growth opportunities with key market drivers. To provide, find complete Machine Translation market analysis segmented by company, region, type and application in the report.

The report provides regional analysis and valuable insights into the progress of the Machine Translation market and approaches related to the Machine Translation market. The report talks about the dominant aspects of the market and examines each segment.

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.

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Top Companies in the 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 other.

1.Company Profile

  1. Business Segments Analysis
  2. Financial Analysis
  3. SWOT analysis & Porter’s Five Forces Analysis
  4. Possible Impact of COVID- 19 on Latest Market Conditions (Drivers, Restraints, Trends and Opportunities)

Industry News and Updates:

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.:

Key Market Trends:

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.:

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Geographic Coverage-
The report contains detailed country-level analysis, market revenue, market value and forecast analysis of ingestion, revenue and Machine Translation Market share, growth speed, historical and forecast (2015-2025) of these regions are covered:

-North America (the United States, Canada, and Mexico)

-Europe (Germany, France, UK, Russia, and Italy)

-Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

-South America (Brazil, Argentina, etc.)

-Middle East & Africa (Saudi Arabia, Egypt, Nigeria, and South Africa)

The current market situations and prospects of the sector also have been examined. Additionally, prime strategical activities in the market, which include product developments, mergers, and acquisitions, partnerships, etc., are discussed. Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.)

Major Points Covered in Table of Contents:

– Overview of Machine Translation Market
– Global Market Status and Forecast by Regions
– Global Market Status and Forecast by Types
– Global Market Status and Forecast by Downstream Industry
– Market Driving Factor Analysis
– Market Competition Status by Major Manufacturers
– Major Manufacturers Introduction and Market Data
– Upstream and Downstream Market Analysis
– Cost and Gross Margin Analysis
– Marketing Status Analysis
– Market Report Conclusion
– Research Methodology and Reference

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Key Questions Answered by Machine Translation Market Report

  1. What was the Machine Translation Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2025).
  2. What will be the CAGR of Machine Translation Market during the forecast period (2021-2025)?
  3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2025).
  4. Which manufacturer/vendor/players in the Machine Translation Market was the market leader in 2020?
  5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market. Market will experience a noticeable growth during the forecast period 2021-2025

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