Global Machine Translation (MT) Market 2019 has been considered as base year to estimate the market size and same is forecasted through 2021 to 2026 by giving special focus and different treatment to 2020. The report forecasts that Machine Translation (MT) market will touch USD XX Bn. by 2026.
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The report has covered the market drivers, restraints and fluctuations in demand in different countries by region with special focus on demand and supply from China, India, Taiwan in Asia and USA, France, UK, Russia in western countries. Government regulations, different government’s special incentives and trade agreements in countries are going to have moderate impact on the demand and supply on Machine Translation (MT) market
The Machine Translation (MT) faced several challenges in 2020 including Covid lock down and sudden decrease in demand however, the demand is expected to normalize in 2021 and is expected to pick up in 2022, which is covered in the report in the growth drivers chapter.
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The Scope of the Report for Global Machine Translation (MT) Market
Global Machine Translation (MT) Market, By Technology
• Rule-Based Machine Translation(RBT)
• Statistical Machine Translation(SMT)
Global Machine Translation (MT) Market, By Deployment Type
Global Machine Translation (MT) Market, By Application
• Military & Defense
Global Machine Translation (MT) Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Machine Translation (MT) Market
• Lighthouse IP Group
• Lingo24 Ltd.
• Lingotek Inc.
• Lionbridge Technologies Inc.
• Lucy Software and Services GmbH
• Moravia IT
• Raytheon BBN Technologies
• SDL PLC
• Smart Communications
• Systran International
• Welocalize Inc.
• Asia Online Pte Ltd.
• Cloudwords Inc.
• IBM Corporation
The report has profiled key players in the market by their size and presence by regions. Since, there are limitation to profile all the kay player, representation is given to companies by region, sales revenue, expenditure on technology, expansion plans, investments received, involved in M&A.
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