Global Machine Translation Market to reach USD 1699.5 million by 2026

Global Machine Translation Market Size study, by Application (Automotive, Military & Defense, Electronics, IT, Healthcare) by Technology (RBMT, SMT), and by Regional Forecasts 2019-2026
Product Code:  OIRNGT_66046581
Chapter 1.	Executive Summary 
1.1.	Market Snapshot
1.2.	Key Trends
1.3.	Global & Segmental Market Estimates & Forecasts, 2016-2026 (USD Billion)
1.3.1.	Machine Translation Market, by Application, 2016-2026 (USD Billion)
1.3.2.	Machine Translation Market, by Technology, 2016-2026 (USD Billion)
1.3.3.	Machine Translation Market, by Region, 2016-2026 (USD Billion)
1.4.	Estimation Methodology
1.5.	Research Assumption
Chapter 2.	Global Machine Translation Market Definition and Scope 
2.1.	Objective of the Study
2.2.	Market Definition & Scope
2.2.1.	Industry Evolution
2.2.2.	Scope of the Study
2.3.	Years Considered for the Study
2.4.	Currency Conversion Rates
Chapter 3.	Global Machine Translation Market Dynamics	
3.1.	See Saw Analysis
3.1.1.	Market Drivers
3.1.2.	Market Challenges
3.1.3.	Market Opportunities
Chapter 4.	Global Machine Translation Market Industry Analysis
4.1.	Porter’s 5 Force Model
4.1.1.	Bargaining Power of Buyers
4.1.2.	Bargaining Power of Suppliers
4.1.3.	Threat of New Entrants
4.1.4.	Threat of Substitutes
4.1.5.	Competitive Rivalry
4.1.6.	Futuristic Approach to Porter’s 5 Force Model
4.2.	PEST Analysis
4.2.1.	Political Scenario
4.2.2.	Economic Scenario
4.2.3.	Social Scenario
4.2.4.	Technological Scenario
4.3.	Key Buying Criteria (On Demand)
4.4.	Regulatory Framework (On Demand)
4.5.	Investment Vs Adoption Scenario (On Demand)
4.6.	Analyst Recommendation & Conclusion
Chapter 5.	Global Machine Translation Market, By Application
5.1.	Market Snapshot 
5.1.	Market Performance - Potential Model
5.2.	Global Machine Translation Market, Sub Segment Analysis
5.2.1.	Automotive
5.2.1.1.	Market estimates & forecasts, 2016-2026 (USD Billion)
5.2.1.2.	Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
5.2.2.	Military & Defence
5.2.2.1.	Market estimates & forecasts, 2016-2026 (USD Billion)
5.2.2.2.	Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
5.2.3.	Electronics
5.2.3.1.	Market estimates & forecasts, 2016-2026 (USD Billion)
5.2.3.2.	Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
5.2.4.	IT
5.2.4.1.	Market estimates & forecasts, 2016-2026 (USD Billion)
5.2.4.2.	Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
5.2.5.	Healthcare
5.2.5.1.	Market estimates & forecasts, 2016-2026 (USD Billion)
5.2.5.2.	Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)

Chapter 6.	Global Machine Translation Market, By Technology
6.1.	Market Snapshot 
6.2.	Market Performance - Potential Model
6.3.	Global Machine Translation Market, Sub Segment Analysis
6.3.1.	RBMT
6.3.1.1.	Market estimates & forecasts, 2016-2026 (USD Billion)
6.3.1.2.	Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
6.3.2.	SMT
6.3.2.1.	Market estimates & forecasts, 2016-2026 (USD Billion)
6.3.2.2.	Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)

Chapter 7.	Global Machine Translation Market, by Regional Analysis
7.1.	Machine Translation Market, Regional Market Snapshot (2015-2025)
7.2.	North America Machine Translation Market Snapshot
7.2.1.	U.S.
7.2.1.1.	Market estimates & forecasts, 2016-2026 (USD Billion)
7.2.1.2.	Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.2.1.3.	Technology breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.2.2.	Canada
7.2.2.1.	Market estimates & forecasts, 2016-2026 (USD Billion)
7.2.2.2.	Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.2.2.3.	Technology breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.3.	Europe Machine Translation Market Snapshot
7.3.1.	U.K. 
7.3.1.1.	Market estimates & forecasts, 2016-2026 (USD Billion)
7.3.1.2.	Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.3.1.3.	Technology breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.3.2.	Germany 
7.3.2.1.	Market estimates & forecasts, 2016-2026 (USD Billion)
7.3.2.2.	Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.3.2.3.	Technology breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.3.3.	Rest of Europe
7.3.3.1.	Market estimates & forecasts, 2016-2026 (USD Billion)
7.3.3.2.	Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.3.3.3.	Technology breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4.	Asia Machine Translation Market Snapshot
7.4.1.	China 
7.4.1.1.	Market estimates & forecasts, 2016-2026 (USD Billion)
7.4.1.2.	Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4.1.3.	Technology breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4.2.	India 
7.4.2.1.	Market estimates & forecasts, 2016-2026 (USD Billion)
7.4.2.2.	Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4.2.3.	Technology breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4.3.	Japan
7.4.3.1.	Market estimates & forecasts, 2016-2026 (USD Billion)
7.4.3.2.	Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4.3.3.	Technology breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4.4.	Rest of Asia Pacific
7.4.4.1.	Market estimates & forecasts, 2016-2026 (USD Billion)
7.4.4.2.	Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4.4.3.	Technology breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.5.	Latin America Machine Translation Market Snapshot
7.5.1.	Brazil 
7.5.1.1.	Market estimates & forecasts, 2016-2026 (USD Billion)
7.5.1.2.	Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.5.1.3.	Technology breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.5.2.	Mexico 
7.5.2.1.	Market estimates & forecasts, 2016-2026 (USD Billion)
7.5.2.2.	Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.5.2.3.	Technology breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.6.	Rest of The World 
7.6.1.	Middle East and Africa
7.6.1.1.	Market estimates & forecasts, 2016-2026 (USD Billion)
7.6.1.2.	Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.6.1.3.	Technology breakdown estimates & forecasts, 2016-2026 (USD Billion)

Chapter 8.	Competitive Intelligence
8.1.	Company Market Share (Subject to Data Availability)
8.2.	Top Market Strategies
8.3.	Company Profiles
8.3.1.	App Tek
8.3.1.1.	Overview
8.3.1.2.	Financial (Subject to Data Availability)
8.3.1.3.	Product Summary
8.3.1.4.	Recent Developments
8.3.2.	Asia Online Pte Ltd.
8.3.3.	Cloudwords Inc.
8.3.4.	Lighthouse IP Group
8.3.5.	Lingo24 Ltd.
8.3.6.	Lionbridge Technologies Inc.
8.3.7.	Lingotek Inc.
8.3.8.	Moravia IT
8.3.9.	Pangeanic
8.3.10.	ProMT
8.3.11.	Raythean BBN Technologies
Chapter 9.	Research Process
9.1.	Research Process
9.1.1.	Data Mining
9.1.2.	Analysis
9.1.3.	Market Estimation
9.1.4.	Validation
9.1.5.	Publishing
9.1.6.	Research Assumption

Global Machine Translation Market valued approximately USD 571.30 million in 2018 is anticipated to grow with a healthy growth rate of more than 14.60 % over the forecast period 2019-2026. The major factors driving the Machine Translation 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. The industry is witnessing a transition from human translators to Machine Translation as is an efficient tool to deliver similar linguistic conversion with significantly lower time and cost. Advances in Machine Translation technology and new implementation approaches including crowdsourcing are expected to reduce the cost of Machine translation while improving its efficiency.

The regional analysis of Global Machine Translation Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America dominated the industry in 2016, with U.S. alone accounting for over 66.0% of the regional market. The growth is characterized by presence of a large number of service providers and favorable government initiatives. Asia Pacific region is anticipated to exhibit higher growth rate / CAGR over the forecast period 2019-2026.

The leading market players include
App Tek
Asia Online Pte Ltd
Cloudwords Inc
Lighthouse IP Group
Lingo24 Ltd
Lionbridge Technologies Inc
Lingotek Inc.
Moravia IT
Pangeanic
Prompt
Raythean BBN Technologies

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Application:
Automotive
Military & Defence
Electronics
IT
Healthcare
By Technology:
RBMT
SMT
By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Machine Translation Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors


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