North America Machine Translation Market 2020 By Industry Growth & Regional Forecast – Technology Magazine

The market study on North America Machine Translation Market provides detailed analysis on this industry including substantial details subject to its overall position in the global landscape and applications across myriad end-user industries.

According to this report, the North America Machine Translation Market was valued USD 200 million in 2019 and is further projected to record a valuation of $600 Mn by 2026 while depicting a growth rate of 14% over 2018-2026. In line with this, the study also constitutes of crucial information on the current market scenario, developing technologies, widespread competitive landscape, strategies undertaken by market rivals, prospects, and vivid market segmentations.

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Moreover, details regarding growth rendering factors and ongoing technological trends that are expected to drive the overall North America Machine Translation Market industry have also been accurately drafted in the research report. The North America Machine Translation Market has been potentially fragmented based on technology, deployment model, application and competitive landscape, whose in-depth study has also been covered in the report.

North America Machine Translation Market, By Technology

  • Statistical Machine Translation (SMT)
  • Rule-based Machine Translation (RBMT)
  • Neural Machine Translation
  • Hybrid Machine Translation
  • Example-based Machine Translation

North America Machine Translation Market, By Deployment Model

  • On-premise
  • Cloud

Machine Translation Market, By Application

  • Automotive
  • BFSI
  • E-commerce
  • Electronics
  • Healthcare
  • IT & Telecommunications

As per the given document, North America Machine Translation Market has vividly been diversified into regions including U.S., Canada and Mexico. The report also includes substantial information on various factors that contribute to the overall market growth, trending growth opportunities, current and predicted CAGRs, technologies being used, robust presence of top-notch companies, regulatory reforms, and individual market share.

The above information has been provided for the following regions and countries:

  • U.S.
  • Canada

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The North America Machine Translation Market is highly consolidated and claims the presence of prominent companies such as Raytheon BBN Technologies Corp. (Raytheon Technologies), SDL PLC, Microsoft Corporation, Lionbridge Technologies, Inc., Moravia IT s.r.o. (RWS Holdings), PangeanicMT, PROMT Ltd., Omniscien Technologies, and Systran International. Additionally, the document drafted puts forth details on the sales spectrum of each of these firms, their market tactics to maintain strong foothold in the overall market, individual company profiles and market share, and their stance in the global ecosystem.

Table of Contents (ToC) of the report:

Chapter 1. Methodology & Scope

1.1    Research methodology

1.2    List of data sources

1.2.1    Secondary

1.2.2    Primary

Chapter 2   Market Snapshot

2.1    North America machine translation market snapshot

Chapter 3   North America Machine Translation Trends

3.1    Industry coverage

3.2    Industry size, 2016 – 2026

3.3    Impact of COVID-19 pandemic

3.4    Value chain analysis

3.4.1    Company product snapshot

3.5    Innovation landscape

3.6    Regulatory norms & directives

3.7    Drivers & restraints

3.7.1    Market drivers

3.7.2    Market restraints

3.8    Industry analysis – Porter’s

3.9    Competitive benchmarking, 2019

3.9.1    Strategy dashboard

3.10    PEST analysis

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