Mahine Translation Market: Global Market Synopsis, Growth Factors, Industry Segmentation, Regional Analysis And Competitive Analysis 2017 - 2025 - Garner Insights
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Mahine Translation Market: Global Market Synopsis, Growth Factors, Industry Segmentation, Regional Analysis And Competitive Analysis 2017 - 2025

ID: 129204 March, 2018 Region : Global Pages Reports Monitor

Machine Translation Market


Market Synopsis:


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.


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.


Market Segmentation:

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. SMT technology is considered to hold the largest share value. Cloud computing technology allows SMT to run in an effective manner, as it provides high processing power and enhanced storage capacity to the computer. 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.


Regional Analysis:


The regional analysis of the market is bifurcated into number of regions such as North America, Europe, APAC, and LAMEA. Europe is considered to be the second largest market for machine translation.


Key Players:

Product launch is observed to be the key strategic development adopted by the players operating in machine translation industry. Some of the major players operating in the market are Google Inc., IBM Corporation, Lionbridge Technologies Inc., Microsoft Corporation, Moravia IT, Pangeanic Translations, SLATOR, Smart Communications, Inc., Systran International, TransPerfect Translations International Inc., and others.


Machine Translation Market Segmentation

By Deployment:

• On-Premises

• Cloud


By Technology:

• RBMT

• SMT

• Others


By Application:

• Automotive

• Banking & Finance

• Electronics, Healthcare

• IT & Telecom Service

• Legal & Law Firms

• Media & Entertainment

• Military & Defense

• Retail & Manufacturing

• Travel & Hospitality


Regions Covered:

• North America

• Europe

• Asia Pacific

• LAMEA

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)

6. Application Overview

6.1. Introduction

6.2. Market Size & Forecast, 2015 to 2025

6.2.1. Automotive

6.2.2. Banking & Finance

6.2.3. Electronics, Healthcare

6.2.4. IT & Telecom Service

6.2.5. Legal & Law Firms

6.2.6. Media & Entertainment

6.2.7. Military & Defense

6.2.8. Retail & Manufacturing

6.2.9. Travel & Hospitality

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

7. Regional Overview

7.1. Introduction

7.2. Market Size & Forecast, 2015 to 2025

7.2.1. North America

7.2.1.1. U.S.

7.2.1.2. Canada

7.2.1.3. Mexico 

7.2.2. Europe

7.2.2.1. UK

7.2.2.2. Germany

7.2.2.3. France

7.2.2.4. Italy 

7.2.2.5. Spain

7.2.2.6. Rest of Europe

7.2.3. Asia-Pacific

7.2.3.1. China

7.2.3.2. India

7.2.3.3. Japan

7.2.3.4. South Korea

7.2.3.5. Rest of Asia-Pacific

7.2.4. LAMEA

7.2.4.1. Brazil

7.2.4.2. UAE

7.2.4.3. South Africa

7.2.4.4. Rest of LAMEA

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

8. Manufacturer/ Vendor Profile

8.1. The following attributes will be considered while profiling key manufacturers in this industry: 

8.1.1. Company Overview

8.1.2. Financial Synopsis

8.1.3. Recent Developments

8.1.4. R&D Investments (if any)

8.1.5. Strategy Overview (Analyst Perspective)

8.1.6. Product Portfolio

8.2. Companies Profiled

8.2.1. Google Inc.

8.2.2. IBM Corporation

8.2.3. Lionbridge Technologies Inc.

8.2.4. Microsoft Corporation

8.2.5. Moravia IT

8.2.6. Pangeanic Translations

8.2.7. SLATOR

8.2.8. Smart Communications Inc.

8.2.9. Systran International

8.2.10. TransPerfect Translations International Inc.

 (Note: The companies mentioned above are tentative in nature, and profiles of other market players not listed here can be included on request.)

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