Machine Translation Market 2027 By Technology, Deployment, Application and Geography | The Insight Partners

Machine Translation Market Forecast to 2027 - 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
Covid
MARKET INTRODUCTION

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 DYNAMICS

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. However, lack of quality and accuracy, and accessibility of open source translation software may hamper the machine translation market growth. Moreover, 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.

MARKET SCOPE

The "Global Machine Translation Market Analysis to 2027" is a specialized and in-depth study of the Machine translation industry with a special focus on the global market trend analysis. The report aims to provide an overview Machine translation market with detailed market segmentation as of technology, deployment, application, and geography. The global machine translation market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading machine translation market players and offers key trends and opportunities in the machine translation market.

MARKET SEGMENTATION

The global machine translation market is segmented on the basis of technology, deployment, application. On the basis of technology the market is segmented as statistical machine translation (SMT), rule-based machine translation (RBMT), neural machine translation, others. On the basis of deployment the market is segmented as on-premise, cloud. On the basis of application the market is segmented as automotive, BFSI, e-commerce, electronics, healthcare, it and telecommunications, military and defense, others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global machine translation market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), 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 analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting machine translation market from both demand and supply side and further evaluates market dynamics effecting 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 effecting the machine translation market in these regions.



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MARKET PLAYERS


The reports cover 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 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 for machine translation in the global market. Below mentioned is the list of few companies engaged in the machine translation market.

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

  •   AppTek
  •   Cloudwords Inc.
  •   IBM Corporation
  •   Lionbridge Technologies, Inc.
  •   Microsoft Corporation
  •   PROMT LLC
  •   Raytheon Technologies (Raytheon BBN Technologies)
  •   RWS Holdings plc
  •   SDL plc
  •   SYSTRAN S.A.

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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
1.3.1Machine Translation Market - By Technology
1.3.2Machine Translation Market - By Deployment
1.3.3Machine Translation Market - By Application
1.3.4Machine Translation Market - By Region
1.3.4.1By Country

2.KEY TAKEAWAYS

3.RESEARCH METHODOLOGY

4.MACHINE TRANSLATION MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
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 2027
6.3.MARKET POSITIONING/MARKET SHARE

7.MACHINE TRANSLATION MARKET - REVENUE AND FORECASTS TO 2027 - 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 2027 - 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 2027 - 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 2027 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Machine Translation Market Overview
10.1.2North America Machine Translation Market Forecasts and Analysis
10.1.3North America Machine Translation Market Forecasts and Analysis - By Technology
10.1.4North America Machine Translation Market Forecasts and Analysis - By Deployment
10.1.5North America Machine Translation Market Forecasts and Analysis - By Application
10.1.6North America Machine Translation Market Forecasts and Analysis - By Countries
10.1.6.1United States Machine Translation Market
10.1.6.1.1United States Machine Translation Market by Technology
10.1.6.1.2United States Machine Translation Market by Deployment
10.1.6.1.3United States Machine Translation Market by Application
10.1.6.2Canada Machine Translation Market
10.1.6.2.1Canada Machine Translation Market by Technology
10.1.6.2.2Canada Machine Translation Market by Deployment
10.1.6.2.3Canada Machine Translation Market by Application
10.1.6.3Mexico Machine Translation Market
10.1.6.3.1Mexico Machine Translation Market by Technology
10.1.6.3.2Mexico Machine Translation Market by Deployment
10.1.6.3.3Mexico Machine Translation Market by Application
10.2.EUROPE
10.2.1Europe Machine Translation Market Overview
10.2.2Europe Machine Translation Market Forecasts and Analysis
10.2.3Europe Machine Translation Market Forecasts and Analysis - By Technology
10.2.4Europe Machine Translation Market Forecasts and Analysis - By Deployment
10.2.5Europe Machine Translation Market Forecasts and Analysis - By Application
10.2.6Europe Machine Translation Market Forecasts and Analysis - By Countries
10.2.6.1Germany Machine Translation Market
10.2.6.1.1Germany Machine Translation Market by Technology
10.2.6.1.2Germany Machine Translation Market by Deployment
10.2.6.1.3Germany Machine Translation Market by Application
10.2.6.2France Machine Translation Market
10.2.6.2.1France Machine Translation Market by Technology
10.2.6.2.2France Machine Translation Market by Deployment
10.2.6.2.3France Machine Translation Market by Application
10.2.6.3Italy Machine Translation Market
10.2.6.3.1Italy Machine Translation Market by Technology
10.2.6.3.2Italy Machine Translation Market by Deployment
10.2.6.3.3Italy Machine Translation Market by Application
10.2.6.4United Kingdom Machine Translation Market
10.2.6.4.1United Kingdom Machine Translation Market by Technology
10.2.6.4.2United Kingdom Machine Translation Market by Deployment
10.2.6.4.3United Kingdom Machine Translation Market by Application
10.2.6.5Russia Machine Translation Market
10.2.6.5.1Russia Machine Translation Market by Technology
10.2.6.5.2Russia Machine Translation Market by Deployment
10.2.6.5.3Russia Machine Translation Market by Application
10.2.6.6Rest of Europe Machine Translation Market
10.2.6.6.1Rest of Europe Machine Translation Market by Technology
10.2.6.6.2Rest of Europe Machine Translation Market by Deployment
10.2.6.6.3Rest of Europe Machine Translation Market by Application
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Machine Translation Market Overview
10.3.2Asia-Pacific Machine Translation Market Forecasts and Analysis
10.3.3Asia-Pacific Machine Translation Market Forecasts and Analysis - By Technology
10.3.4Asia-Pacific Machine Translation Market Forecasts and Analysis - By Deployment
10.3.5Asia-Pacific Machine Translation Market Forecasts and Analysis - By Application
10.3.6Asia-Pacific Machine Translation Market Forecasts and Analysis - By Countries
10.3.6.1Australia Machine Translation Market
10.3.6.1.1Australia Machine Translation Market by Technology
10.3.6.1.2Australia Machine Translation Market by Deployment
10.3.6.1.3Australia Machine Translation Market by Application
10.3.6.2China Machine Translation Market
10.3.6.2.1China Machine Translation Market by Technology
10.3.6.2.2China Machine Translation Market by Deployment
10.3.6.2.3China Machine Translation Market by Application
10.3.6.3India Machine Translation Market
10.3.6.3.1India Machine Translation Market by Technology
10.3.6.3.2India Machine Translation Market by Deployment
10.3.6.3.3India Machine Translation Market by Application
10.3.6.4Japan Machine Translation Market
10.3.6.4.1Japan Machine Translation Market by Technology
10.3.6.4.2Japan Machine Translation Market by Deployment
10.3.6.4.3Japan Machine Translation Market by Application
10.3.6.5South Korea Machine Translation Market
10.3.6.5.1South Korea Machine Translation Market by Technology
10.3.6.5.2South Korea Machine Translation Market by Deployment
10.3.6.5.3South Korea Machine Translation Market by Application
10.3.6.6Rest of Asia-Pacific Machine Translation Market
10.3.6.6.1Rest of Asia-Pacific Machine Translation Market by Technology
10.3.6.6.2Rest of Asia-Pacific Machine Translation Market by Deployment
10.3.6.6.3Rest of Asia-Pacific Machine Translation Market by Application
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Machine Translation Market Overview
10.4.2Middle East and Africa Machine Translation Market Forecasts and Analysis
10.4.3Middle East and Africa Machine Translation Market Forecasts and Analysis - By Technology
10.4.4Middle East and Africa Machine Translation Market Forecasts and Analysis - By Deployment
10.4.5Middle East and Africa Machine Translation Market Forecasts and Analysis - By Application
10.4.6Middle East and Africa Machine Translation Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Machine Translation Market
10.4.6.1.1South Africa Machine Translation Market by Technology
10.4.6.1.2South Africa Machine Translation Market by Deployment
10.4.6.1.3South Africa Machine Translation Market by Application
10.4.6.2Saudi Arabia Machine Translation Market
10.4.6.2.1Saudi Arabia Machine Translation Market by Technology
10.4.6.2.2Saudi Arabia Machine Translation Market by Deployment
10.4.6.2.3Saudi Arabia Machine Translation Market by Application
10.4.6.3U.A.E Machine Translation Market
10.4.6.3.1U.A.E Machine Translation Market by Technology
10.4.6.3.2U.A.E Machine Translation Market by Deployment
10.4.6.3.3U.A.E Machine Translation Market by Application
10.4.6.4Rest of Middle East and Africa Machine Translation Market
10.4.6.4.1Rest of Middle East and Africa Machine Translation Market by Technology
10.4.6.4.2Rest of Middle East and Africa Machine Translation Market by Deployment
10.4.6.4.3Rest of Middle East and Africa Machine Translation Market by Application
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Machine Translation Market Overview
10.5.2South and Central America Machine Translation Market Forecasts and Analysis
10.5.3South and Central America Machine Translation Market Forecasts and Analysis - By Technology
10.5.4South and Central America Machine Translation Market Forecasts and Analysis - By Deployment
10.5.5South and Central America Machine Translation Market Forecasts and Analysis - By Application
10.5.6South and Central America Machine Translation Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Machine Translation Market
10.5.6.1.1Brazil Machine Translation Market by Technology
10.5.6.1.2Brazil Machine Translation Market by Deployment
10.5.6.1.3Brazil Machine Translation Market by Application
10.5.6.2Argentina Machine Translation Market
10.5.6.2.1Argentina Machine Translation Market by Technology
10.5.6.2.2Argentina Machine Translation Market by Deployment
10.5.6.2.3Argentina Machine Translation Market by Application
10.5.6.3Rest of South and Central America Machine Translation Market
10.5.6.3.1Rest of South and Central America Machine Translation Market by Technology
10.5.6.3.2Rest of South and Central America Machine Translation Market by Deployment
10.5.6.3.3Rest 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 CORPORATION
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, INC.
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 CORPORATION
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 (RAYTHEON BBN 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.RWS HOLDINGS PLC
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.SDL PLC
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.SYSTRAN S.A.
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 Corporation
4. Lionbridge Technologies, Inc.
5. Microsoft Corporation
6. PROMT LLC
7. Raytheon Technologies (Raytheon BBN Technologies)
8. RWS Holdings plc
9. SDL plc
10. SYSTRAN S.A.
TIPRE00015849
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