The Global Machine Translation Market was valued at USD XX million in 2017, and is expected to grow at a CAGR of XX% by 2025.
The demand for Machine Translation market is driven by the emerging demand for content localization, growing volumes of big data and the growing need fgor cost- effective translation.
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Increase in switch by consumers from analog to didgital technologies and increase in number of mobile devices and their application are the major factor which propel the growth of machine transalation market.
Major trends being observed in the machine translation market are technological advancements, combination of MT to cloud services.
Soaring demand for post editing machine translation services seems to be a great opportunity in the growth of machine transaltion market.
Lack of quality and accuracy and accessibility of free of charge transalation engines are the major factors which would hinder the growth of this market during the forecasted period.
Geographically, North America region dominated the market in 2017 with highest market share owing to the technological advancements and early adoption in the region. Europe region hold the second largest market share and acts as a forerunner for the development and implementation of machine translation technology.
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Key players covered in the report
* Machine Translation providers
* Traders, Importer and Exporter
* Raw material suppliers and distributors
* Research and consulting firms
* Government and research organizations
* Associations and industry bodies
Key Benefits of the Report:
* Global, Regional, Country, Deployment Type, and End Users Market Size and Forecast from 2014-2025 Provide attractive market segments and associated growth opportunities
* Detailed market dynamics, industry outlook with market specific PESTLE, Value Chain, Supply Chain, and SWOT Analysis to better understand the market and build strategies
* Identification of key companies that can influence this market on a global and regional scale
* Expert interviews and their insights on market shift, current and future outlook and factors impacting vendors short term and long term strategies
* Detailed insights on emerging regions, product & Deployment Type, and competitive landscape with qualitative and quantitative information and facts
The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective like analyst report of investment banks. The secondary research forms the base of our study where we conducted extensive data mining, referring to verified data sources such as white papers government and regulatory published materials, technical journals, trade magazines, and paid data sources.
For forecasting, regional demand & supply factor, investment, market dynamics including technical Growth Scenario, consumer behavior, and end use industry trends and dynamics , capacity production, spending were taken into consideration.
We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.
The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs) which typically include:
* Original Equipment Manufacturer,
* Growth Scenario Supplier,
* Government Body & Associations, and
* Research Institute
Reasons for Buying this Report:
• This report provides pin-point analysis for changing competitive dynamics
• It provides a forward looking perspective on different factors driving or restraining market growth
• It provides a six-year forecast assessed on the basis of how the market is predicted to grow
• It helps in understanding the key product segments and their future
• It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
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TABLE OF CONTENT
1 EXECUTIVE SUMMARY
2 METHODOLOGY AND MARKET SCOPE
2.1 Research Methodology
2.2 Research Scope & Assumptions
3 GLOBAL MACHINE TRANSLATION MARKET — INDUSTRY OUTLOOK
3.1 Market Segmentation and Scope
3.2 Market Size & Growth Prospects
3.3 Machine Translation Market — Value Chain / Supply Chain Analysis
3.3.1 Company Landscape
3.4 Machine Translation Market — Market Dynamics
3.4.1 Market Driver
3.4.2 Market Restraints
3.4.3 Market Challenges
3.5 Machine Translation Market Company Market Share, 2017
3.6 Machine Translation Market — Porter\'s Five Forces Analysis
3.7 Machine Translation Market — PESTEL Analysis
4 GLOBAL MACHINE TRANSLATION MARKET BY END USERS OUTLOOK
4.1 Machine Translation Market Share By End Users , 2016 & 2025
4.3 Military & Defense
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