Machine Translation Market 2028 By Technology, Deployment, Application and Geography | The Insight Partners

Machine Translation Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Technology (Statistical Machine Translation (SMT), Rule-based Machine Translation (RBMT), Neural Machine Translation, Others); Deployment (On-Premise, Cloud); Application (Automotive, BFSI, E-Commerce, Electronics, Healthcare, IT and Telecommunications, Military and Defense, Others) and Geography

Report Code: TIPRE00015849 | No. of Pages: 150 | Category: Technology, Media and Telecommunications | Status: Upcoming

MARKET OVERVIEW

Machine translation enables instant conversion for textual, image, and audio files from the source language to the target language. Growing Internet penetration, improvement in communication infrastructure, and rising need to reduce operational costs are the key driving factor for the machine translation market during the forecast period. Further, increasing the demand for cost-effective and high-speed translation fuels the growth of the machine translation market.

MARKET SCOPE

The "Global Machine Translation Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the machine translation market with detailed market segmentation by technology, deployment, application, and geography. The report provides key statistics on the market status of the leading machine translation market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  •   Based on technology, the global machine translation market is segmented into Statistical Machine Translation (SMT), Rule-based Machine Translation (RBMT), Neural Machine Translation, and others.
  •   On the basis of deployment, the market is segmented into on-premise and cloud.
  •   Based on application, the market is segmented into automotive, BFSI, e-commerce, electronics, healthcare, IT and telecommunications, military and defense, and others.

MARKET DYNAMICS
Drivers:

  •   Growing penetration of digitalization across industries, the rising need for machine translation services to facilitate communication between trading organizations is the significant factor driving the machine translation market's growth.
  •   Rapid adoption of smart devices, growing demand to improve customer experience, and the adoption of cloud-based services is expected to provide lucrative growth opportunities for the machine translation market growth.

Restraints:

  •   Lack of quality and accuracy, and accessibility of open source translation software may hamper the machine translation market growth.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The machine translation market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the machine translation market in these regions.

IMPACT OF COVID-19 ON MACHINE TRANSLATION MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.



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MARKET PLAYERS


The report covers key developments in the machine translation market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from machine translation market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the machine translation market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •   AppTek
  •   Cloudwords Inc.
  •   IBM
  •   Lionbridge Technologies, Inc.
  •   Microsoft
  •   PROMT LLC
  •   Raytheon Technologies
  •   Omniscien Technologies.
  •   SYSTRAN S.A.
  •   YANDEX LLC
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.


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TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Machine Translation Market - By Technology
1.3.2 Machine Translation Market - By Deployment
1.3.3 Machine Translation Market - By Application
1.3.4 Machine Translation Market - By Region
1.3.4.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. MACHINE TRANSLATION MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. MACHINE TRANSLATION MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. MACHINE TRANSLATION MARKET - GLOBAL MARKET ANALYSIS
6.1. MACHINE TRANSLATION - GLOBAL MARKET OVERVIEW
6.2. MACHINE TRANSLATION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. MACHINE TRANSLATION MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
7.1. OVERVIEW
7.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3. STATISTICAL MACHINE TRANSLATION (SMT)
7.3.1. Overview
7.3.2. Statistical Machine Translation (SMT) Market Forecast and Analysis
7.4. RULE-BASED MACHINE TRANSLATION (RBMT)
7.4.1. Overview
7.4.2. Rule-based Machine Translation (RBMT) Market Forecast and Analysis
7.5. NEURAL MACHINE TRANSLATION
7.5.1. Overview
7.5.2. Neural Machine Translation Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. MACHINE TRANSLATION MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT
8.1. OVERVIEW
8.2. DEPLOYMENT MARKET FORECASTS AND ANALYSIS
8.3. ON-PREMISE
8.3.1. Overview
8.3.2. On-Premise Market Forecast and Analysis
8.4. CLOUD
8.4.1. Overview
8.4.2. Cloud Market Forecast and Analysis
9. MACHINE TRANSLATION MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. AUTOMOTIVE
9.3.1. Overview
9.3.2. Automotive Market Forecast and Analysis
9.4. BFSI
9.4.1. Overview
9.4.2. BFSI Market Forecast and Analysis
9.5. E-COMMERCE
9.5.1. Overview
9.5.2. E-Commerce Market Forecast and Analysis
9.6. ELECTRONICS
9.6.1. Overview
9.6.2. Electronics Market Forecast and Analysis
9.7. HEALTHCARE
9.7.1. Overview
9.7.2. Healthcare Market Forecast and Analysis
9.8. IT AND TELECOMMUNICATIONS
9.8.1. Overview
9.8.2. IT and Telecommunications Market Forecast and Analysis
9.9. MILITARY AND DEFENSE
9.9.1. Overview
9.9.2. Military and Defense Market Forecast and Analysis
9.10. OTHERS
9.10.1. Overview
9.10.2. Others Market Forecast and Analysis

10. MACHINE TRANSLATION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Machine Translation Market Overview
10.1.2 North America Machine Translation Market Forecasts and Analysis
10.1.3 North America Machine Translation Market Forecasts and Analysis - By Technology
10.1.4 North America Machine Translation Market Forecasts and Analysis - By Deployment
10.1.5 North America Machine Translation Market Forecasts and Analysis - By Application
10.1.6 North America Machine Translation Market Forecasts and Analysis - By Countries
10.1.6.1 United States Machine Translation Market
10.1.6.1.1 United States Machine Translation Market by Technology
10.1.6.1.2 United States Machine Translation Market by Deployment
10.1.6.1.3 United States Machine Translation Market by Application
10.1.6.2 Canada Machine Translation Market
10.1.6.2.1 Canada Machine Translation Market by Technology
10.1.6.2.2 Canada Machine Translation Market by Deployment
10.1.6.2.3 Canada Machine Translation Market by Application
10.1.6.3 Mexico Machine Translation Market
10.1.6.3.1 Mexico Machine Translation Market by Technology
10.1.6.3.2 Mexico Machine Translation Market by Deployment
10.1.6.3.3 Mexico Machine Translation Market by Application
10.2. EUROPE
10.2.1 Europe Machine Translation Market Overview
10.2.2 Europe Machine Translation Market Forecasts and Analysis
10.2.3 Europe Machine Translation Market Forecasts and Analysis - By Technology
10.2.4 Europe Machine Translation Market Forecasts and Analysis - By Deployment
10.2.5 Europe Machine Translation Market Forecasts and Analysis - By Application
10.2.6 Europe Machine Translation Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Machine Translation Market
10.2.6.1.1 Germany Machine Translation Market by Technology
10.2.6.1.2 Germany Machine Translation Market by Deployment
10.2.6.1.3 Germany Machine Translation Market by Application
10.2.6.2 France Machine Translation Market
10.2.6.2.1 France Machine Translation Market by Technology
10.2.6.2.2 France Machine Translation Market by Deployment
10.2.6.2.3 France Machine Translation Market by Application
10.2.6.3 Italy Machine Translation Market
10.2.6.3.1 Italy Machine Translation Market by Technology
10.2.6.3.2 Italy Machine Translation Market by Deployment
10.2.6.3.3 Italy Machine Translation Market by Application
10.2.6.4 United Kingdom Machine Translation Market
10.2.6.4.1 United Kingdom Machine Translation Market by Technology
10.2.6.4.2 United Kingdom Machine Translation Market by Deployment
10.2.6.4.3 United Kingdom Machine Translation Market by Application
10.2.6.5 Russia Machine Translation Market
10.2.6.5.1 Russia Machine Translation Market by Technology
10.2.6.5.2 Russia Machine Translation Market by Deployment
10.2.6.5.3 Russia Machine Translation Market by Application
10.2.6.6 Rest of Europe Machine Translation Market
10.2.6.6.1 Rest of Europe Machine Translation Market by Technology
10.2.6.6.2 Rest of Europe Machine Translation Market by Deployment
10.2.6.6.3 Rest of Europe Machine Translation Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Machine Translation Market Overview
10.3.2 Asia-Pacific Machine Translation Market Forecasts and Analysis
10.3.3 Asia-Pacific Machine Translation Market Forecasts and Analysis - By Technology
10.3.4 Asia-Pacific Machine Translation Market Forecasts and Analysis - By Deployment
10.3.5 Asia-Pacific Machine Translation Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Machine Translation Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Machine Translation Market
10.3.6.1.1 Australia Machine Translation Market by Technology
10.3.6.1.2 Australia Machine Translation Market by Deployment
10.3.6.1.3 Australia Machine Translation Market by Application
10.3.6.2 China Machine Translation Market
10.3.6.2.1 China Machine Translation Market by Technology
10.3.6.2.2 China Machine Translation Market by Deployment
10.3.6.2.3 China Machine Translation Market by Application
10.3.6.3 India Machine Translation Market
10.3.6.3.1 India Machine Translation Market by Technology
10.3.6.3.2 India Machine Translation Market by Deployment
10.3.6.3.3 India Machine Translation Market by Application
10.3.6.4 Japan Machine Translation Market
10.3.6.4.1 Japan Machine Translation Market by Technology
10.3.6.4.2 Japan Machine Translation Market by Deployment
10.3.6.4.3 Japan Machine Translation Market by Application
10.3.6.5 South Korea Machine Translation Market
10.3.6.5.1 South Korea Machine Translation Market by Technology
10.3.6.5.2 South Korea Machine Translation Market by Deployment
10.3.6.5.3 South Korea Machine Translation Market by Application
10.3.6.6 Rest of Asia-Pacific Machine Translation Market
10.3.6.6.1 Rest of Asia-Pacific Machine Translation Market by Technology
10.3.6.6.2 Rest of Asia-Pacific Machine Translation Market by Deployment
10.3.6.6.3 Rest of Asia-Pacific Machine Translation Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Machine Translation Market Overview
10.4.2 Middle East and Africa Machine Translation Market Forecasts and Analysis
10.4.3 Middle East and Africa Machine Translation Market Forecasts and Analysis - By Technology
10.4.4 Middle East and Africa Machine Translation Market Forecasts and Analysis - By Deployment
10.4.5 Middle East and Africa Machine Translation Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Machine Translation Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Machine Translation Market
10.4.6.1.1 South Africa Machine Translation Market by Technology
10.4.6.1.2 South Africa Machine Translation Market by Deployment
10.4.6.1.3 South Africa Machine Translation Market by Application
10.4.6.2 Saudi Arabia Machine Translation Market
10.4.6.2.1 Saudi Arabia Machine Translation Market by Technology
10.4.6.2.2 Saudi Arabia Machine Translation Market by Deployment
10.4.6.2.3 Saudi Arabia Machine Translation Market by Application
10.4.6.3 U.A.E Machine Translation Market
10.4.6.3.1 U.A.E Machine Translation Market by Technology
10.4.6.3.2 U.A.E Machine Translation Market by Deployment
10.4.6.3.3 U.A.E Machine Translation Market by Application
10.4.6.4 Rest of Middle East and Africa Machine Translation Market
10.4.6.4.1 Rest of Middle East and Africa Machine Translation Market by Technology
10.4.6.4.2 Rest of Middle East and Africa Machine Translation Market by Deployment
10.4.6.4.3 Rest of Middle East and Africa Machine Translation Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Machine Translation Market Overview
10.5.2 South and Central America Machine Translation Market Forecasts and Analysis
10.5.3 South and Central America Machine Translation Market Forecasts and Analysis - By Technology
10.5.4 South and Central America Machine Translation Market Forecasts and Analysis - By Deployment
10.5.5 South and Central America Machine Translation Market Forecasts and Analysis - By Application
10.5.6 South and Central America Machine Translation Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Machine Translation Market
10.5.6.1.1 Brazil Machine Translation Market by Technology
10.5.6.1.2 Brazil Machine Translation Market by Deployment
10.5.6.1.3 Brazil Machine Translation Market by Application
10.5.6.2 Argentina Machine Translation Market
10.5.6.2.1 Argentina Machine Translation Market by Technology
10.5.6.2.2 Argentina Machine Translation Market by Deployment
10.5.6.2.3 Argentina Machine Translation Market by Application
10.5.6.3 Rest of South and Central America Machine Translation Market
10.5.6.3.1 Rest of South and Central America Machine Translation Market by Technology
10.5.6.3.2 Rest of South and Central America Machine Translation Market by Deployment
10.5.6.3.3 Rest of South and Central America Machine Translation Market by Application

11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

12. MACHINE TRANSLATION MARKET, KEY COMPANY PROFILES
12.1. APPTEK
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. CLOUDWORDS INC.
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. IBM
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. LIONBRIDGE TECHNOLOGIES, LLC.
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. MICROSOFT
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. PROMT LLC
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. RAYTHEON TECHNOLOGIES
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. OMNISCIEN TECHNOLOGIES.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. SYSTRAN
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. YANDEX LLC
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments

13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies

1.AppTek
2.Cloudwords Inc.
3.IBM
4.Lionbridge Technologies, LLC.
5.Microsoft
6.PROMT LLC
7.Raytheon Technologies
8.Omniscien Technologies.
9.SYSTRAN
10.YANDEX LLC
TIPRE00015849
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