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Machine translation, sometimes referred to by the abbreviation MT (not to be confused with computer-aided translation, machine-aided human translation (MAHT) or interactive translation) is a sub-field of computational linguistics that investigates the use of software to translate text or speech from one language to another.
Scope of the Report:
This report studies the Machine Translation market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Machine Translation market by product type and applications/end industries.
The industry is mainly driven by the increasing demand for automated translations to remove repetitive tasks and the rising need for localization to help serve the customers in an enhanced manner.
The global Machine Translation market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Machine Translation.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers
- AppTek
- Asia Online
- Cloudwords
- IBM
- Lighthouse IP
- Lingo24
- Lingotek
- Lionbridge Technologies
- Lucy Software And Services
- Moravia
Market Segment by Regions, regional analysis covers
North America (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, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Automated Translation
- Smart Automated Translation
- Raw Machine Translation
- Fully Automated Usable Translations
- Rule Based Machine Translation
- Statistical Machine Translation Technology
Market Segment by Applications, can be divided into
- Automotive
- Military & Defense
- Electronics
- IT
- Healthcare
- Others