Dallas,TX (PRWEB) March 22, 2015
The global economy has witnessed significant growth of emerging industries like manufacturing and power generation. The volume of business content that needs to be translated has also increased in tandem with industrial growth. Machine translation has become crucial to make content available in regional languages accessible to all users worldwide.
Analysts forecast the Global Machine Translation market to grow at a CAGR of 23.53 percent over the period 2014-2019. Machine translation software translates huge amounts of data in a short period of time, which helps in increasing the productivity of end-users.
Machine translation (MT) is the translation of words by a computer from one language to another. It is one of the major sub-fields of computational linguistics, and deals with statistical or rule-based modeling of natural language. It enables speedy translation of documents and content. It is a cost-effective method employed by several companies to create multilingual content for a global website.
The latest report emphasizes the steady transition from rule-based translation techniques to statistical translation techniques. Rule-based translation techniques takes a significant amount of time to translate huge amounts of content. However, statistical techniques works well when a large amount of human-translated documents are given to analyze and translate the input data.
Statistical translation techniques are helpful in translating large amounts of content in less time with a much better performance than that of the rule-based translation technique.
The report recognizes the following companies as the key players in the Global Machine Translation Market: IBM, Lionbridge Technologie and SDL International
Other Prominent Vendors in the market are: Asia Online, Cloudwords, Cloudwords, Lingotek, Moravia IT, myGengo and Welocalize
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This report covers the present scenario and the growth prospects of the Global Machine Translation market during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue obtained from the sales of machine translation services and products.
Global Machine Translation Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Machine Translation market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
List of Exhibits:
Exhibit 1: Market Research Methodology
Exhibit 2: Workflow of Machine Translation Systems
Exhibit 3: Global Machine Translation Market 2014-2019 (US$ billion)
Exhibit 4: Global Machine Translation Market by Geographical Segmentation 2014
Exhibit 5: Global Machine Translation Market by Geographical Segmentation 2019
Exhibit 6: Global Machine Translation Market by Geographical Segmentation 2015-2019
Exhibit 7: Machine translation Market in EMEA Region 2015-2019 (US$ billion)
Exhibit 8: Machine Translation Market in Americas 2015-2019 (US$ billion)
Exhibit 9: Machine translation Market in APAC Region 2015-2019 (US$ billion)
Exhibit 10: Machine Translation Market
Exhibit 11: Language Penetration Rate in the World Wide Web 2014
Exhibit 12: Major vendors in the Global Machine Translation Market
Exhibit 13: Other Prominent vendors in the Global Machine Translation Market
Exhibit 14: IBM: Business Segmentation
Exhibit 15: IBM: Revenue Segmentation by Business 2013
Exhibit 16: IBM: Revenue Segmentation 2013
Exhibit 17: IBM: Revenue Comparison of Business Segments 2012 and 2013 (US$ million)
Exhibit 18: IBM: Revenue Segmentation by Geography 2013
Exhibit 19: Lionbridge: Business Segmentation by Revenue 2013
Exhibit 20: Lionbridge: Business Segmentation by Revenue 2012 and 2013 (US$ million)
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