Research and Markets: Machine Translation (MT) Market Analysis 2015 – Global Forecasts To 2022 for the $983 Million Market
November 3, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/9qrttv/machine) has announced the addition of the “Machine Translation (MT) Market Analysis By Application (Automotive, Military & Defense, Electronics, IT, Healthcare), By Technology (Rule-Based Machine Translation (RBMT), Statistical Machine Translation (SMT)) And Segment Forecasts To 2022” report to their offering.
The global machine translation market is expected to reach USD 983.3 million by 2022
Technological advancements have led to the development of sophisticated translation technology with minimal errors and grammatical coherence, which has considerably widened the scope for machine translation. The ability to rapidly, seamlessly and cost-effectively translate documents and content in regional languages has spurred the machine translation market over the past few years.
The provision of machine translation Software-as-a-Service (MTSaaS) over secure cloud offerings hosted in data centers is expected to offer substantial growth opportunity for the market. Increasing prominence of cloud computing has resulted in growing demand for cloud-based translation tools, which is further expected to boost the machine translation market. Constant R&D and technological advancements have enabled the technology to seamlessly integrate into a range of products from enterprise-level systems to consumer devices. Upgrading of communication networks and the rising proliferation of smartphones has led to the introduction of machine translation apps that provide instant translation of multilingual text.
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Machine Translation Industry Outlook
Chapter 4. Machine Translation Application Outlook
Chapter 5. Machine Translation Technology Outlook
Chapter 6. Machine Translation Regional Outlook
Chapter 7. Competitive Landscape
- AppTek
- Asia Online Pte Ltd.
- Cloudwords Inc.
- IBM Corporation
- Lighthouse IP Group
- Lingo24 Ltd.
- Lingotek Inc.
- Lionbridge Technologies Inc.
- Lucy Software and Services GmbH
- Moravia IT
- Pangeanic
- ProMT
- Raytheon BBN Technologies
- SDL PLC
- Smart Communications
- Systran International
- Welocalize Inc.
For more information visit http://www.researchandmarkets.com/research/9qrttv/machine
View source version on businesswire.com: http://www.businesswire.com/news/home/20151103005900/en/
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