Global Machine Translation Market - Forecasts from 2018 to 2023

February 2018 | 82 pages | ID: G15C605241DEN
Knowledge Sourcing Intelligence LLP

Abstracts

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.

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the machine translation value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the machine translation market.

Major industry players profiled as part of the report are Microsoft Corporation, IBM Corporation, Google Inc., and Lionbridge Technologies Inc. among others

Segmentation

The global machine translation market has been analyzed through following segments:

By Technology

• Statistical Machine Translation
• Rule Based Machine Learning
• Hybrid Machine Translation
• Neural Machine Translation

By End-User

• Automotive & Transportation
• Electrical & Electronics
• Military & Defense
• Healthcare
• Information Technology
• Others

By Geography

• North America
• South America
• Europe
• Middle East and Africa
• Asia Pacific

Contents

1. INTRODUCTION

1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY

2.1. Research Design
2.2. Secondary Sources

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
  4.5.1. Bargaining Power of Suppliers
  4.5.2. Bargaining Power of Buyers
  4.5.3. Threat of New Entrants
  4.5.4. Threat of Substitutes
  4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness

5. GLOBAL MACHINE TRANSLATION MARKET BY TECHNOLOGY

5.1. Statistical Machine Translation
5.2. Rule-Based Machine Translation
5.3. Hybrid Machine Translation
5.4. Neural Machine Translation

6. GLOBAL MACHINE TRANSLATION MARKET BY END USER

6.1. Automative & Transportation
6.2. Electrical & Electronic
6.3. Military & Defense
6.4. Healthcare
6.5. Information Technology
6.6. Others

7. GLOBAL MACHINE TRANSLATION MARKET BY GEOGRAPHY

7.1. North America
7.2. South America
7.3. Europe
7.4. Middle East and Africa
7.5. Asia Pacific

8. COMPETITIVE INTELLIGENCE

8.1. Market Share Analysis
8.2. Investment Analysis
8.3. Recent Deals
8.4. Strategies of Key Players

9. COMPANY PROFILES

9.1. LIONBRIDGE TECHNOLIGES INC.
  9.1.1. Company Overview
  9.1.2. Financials
  9.1.3. Products and Services
  9.1.4. Recent Developments
9.2. MORAVIA IT
  9.2.1. Company Overview
  9.2.2. Financials
  9.2.3. Products and Services
  9.2.4. Recent Developments
9.3. SYSTRAN INTERNATIONAL
  9.3.1. Company Overview
  9.3.2. Financials
  9.3.3. Products and Services
  9.3.4. Recent Developments
9.4. MICROSOFT CORPORATION
  9.4.1. Company Overview
  9.4.2. Financials
  9.4.3. Products and Services
  9.4.4. Recent Developments
9.5. IBM CORPORATION
  9.5.1. Company Overview
  9.5.2. Financials
  9.5.3. Products and Services
  9.5.4. Recent Developments
9.6. SDL PLC
  9.6.1. Company Overview
  9.6.2. Financials
  9.6.3. Products and Services
  9.6.4. Recent Developments
9.7. GENGO INC.
  9.7.1. Company Overview
  9.7.2. Financials
  9.7.3. Products and Services
  9.7.4. Recent Developments
9.8. ASIA ONLINE PTE LTD
  9.8.1. Company Overview
  9.8.2. Financials
  9.8.3. Products and Services
  9.8.4. Recent Developments
9.9. GOOGLE INC.
  9.9.1. Company Overview
  9.9.2. Financials
  9.9.3. Products and Services
  9.9.4. Recent Developments