Mahine Translation Market Dynamics 2017: Opportunities, Risks and Driving Factors to 2025

Machine translation is the process of translation of text from one natural language to another by using computer software. It is an automated translation, and uses a machine translation engine to perform easy substitution of words. It is one of the fastest ways to translate the content into new language.

According to a new report published by Reports Monitor titled, “Machine Translation Market By Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Machine Translation Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific dominates the Machine Translation Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period. 

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Machine translation system is a kind of programme which uses natural language processing technology to automatically translate a text from one language to another. Google translator is the good example of machine translation system. The machine translation systems are less expensive and can add human review of machine translation to improve quality. It is good for translating web content and web pages. 

The market is growing rapidly as most of the companies are becoming aware of the need of localize content into more languages. This is due to the increasing demand for location based content across different industries such as e-commerce, electronics, travel, and hospitality. The technology provides information to the users in their native language, thus driving the growth of the market. Machine translation engines shorten project timeline and helps in reducing costs for customers which are the factors responsible for the growth of the market. Companies are finding more and more reasons to localize their products, applications, and websites. 

According to the segmentation the market is divided into various segments including by deployment, by technology, by application, and by region. On the basis of deployment the market is classified into on-premises and cloud. The technology segment is bifurcated into RBMT, SMT, and others. The application of the market is categorized into automotive, banking & finance, electronics, healthcare, IT & telecom services, legal & law firms, media & entertainment, military & defense, retail & manufacturing, travel & hospitality, and others.

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Key Question Answered:

• What will be the market size in 2025 and at what rate it will grow?

• Who are the major key players in global Machine Translation market and what are their strategies?

• Which vertical industry is expected to show major growth?

• What segment and region will lead the market and why?

The major companies profiled in the report include: Google Inc., IBM Corporation, Lionbridge Technologies Inc., Microsoft Corporation, Moravia IT, Pangeanic Translations, SLATOR, Smart Communications, Inc., Systran International, TransPerfect Translations International Inc. 

Research Scope 

The study for Global Machine Translation Market will provide market size, estimates and forecast based on the following years: 

Historic data: 2015  Base Year Estimate: 2016  Forecast: 2017 to 2025 

The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales. 

Our analyst implement several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings. 

The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market.  

1. Introduction

1.1. Market Definition

1.2. Market Scope

2. Research Methodology

2.1. Primary Research

2.2. Secondary Sources

2.3. Assumptions & Exclusions

3. Market Overview

3.1. Research Report Segmentation & Scope

3.2. Key Market Trend Analysis

3.2.1. Market Drivers

3.2.2. Market Restraint/Challenges

3.2.3. Market Opportunities

3.3. Porter’s Five Forces Analysis

3.4. Potential Venture Avenues

3.5. Market Share Analysis, 2016

4. Deployment Overview

4.1. Introduction

4.2. Market Size & Forecast, 2015 to 2025

4.2.1. On-Premises

4.2.2. Cloud

(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)

5. Technology Overview

5.1. Introduction

5.2. Market Size & Forecast, 2015 to 2025

5.2.1. RBMT

5.2.2. SMT

5.2.3. Others

(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)

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