Global Machine Translation Market Forecasts From 2019 To 2024
DESCRIPTION The global machine translation market was valued at US$306.60 million in 2017 and is projected to expand at a CAGR of 20.42% over the forecast period to reach US$934.76 million by 2023. Machine translation is a translation of a text by a computer without human involvement. The major factors driving the market are the growing volume of big data, the need for cost effective translation, and increasing online content. Moreover, globalization is raising the demand for location based content across various industry verticals such as electronics, travel, e-commerce and hospitality. However the availability of free translation tools may limit the adoption of translation machine.
Some Key Questions Answered By The Report
What will Global Machine Translation Market from 2019 to 2024? How are the major drivers and restraints affecting the Global Machine Translation Market. Growth and the opportunities which exist for key vendors? Which segment and region will drive or lead the market growth and why?
Geography
North America
United States
Canada
Mexico
Others
South America
Brazil Argentina Others
GEOGRAPHY Europe Germany France Italy United Kingdom Others
Middle East and Africa Israel Saudi Arabia UAE Others
Asia Pacific Japan China India Others
SEGMENT ANALYSIS
We have included all segments of this market in market research report.
The Global Machine Translation market has been segmented on the basis of technology, end-users and geography.
For complete segment information visit us
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CONCLUSION
Major players in the Global Machine Translation market have been covered
along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market
players over the last year. The company profiles section details the business overview, financial
performance for the past three years, key products and services being offered along with the recent developments of these important players in the Global Machine Translation market.
COMPANY PROFILES Google Inc. IBM Corporation Microsoft Corporation Moravia IT Omniscient Pangeanic SDL PLC Systran International
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