- Language: English
- 199 Pages
- Published: October 2013
- Region: Global
Global Machine Translation Market 2012-2016
- ID: 2365963
- December 2012
- Region: Global
- 33 pages
TechNavio's analysts forecast the Global Machine Translation market to grow at a CAGR of 18.05 percent over the period 2012-2016. One of the key factors contributing to this market growth is the rapidly increasing content volume. The Global Machine Translation market has also been witnessing the transition from rule-based to statistics-based technique. However, the dominance of human translation could pose a challenge to the growth of this market.
TechNavio's report, the Global Machine Translation Market 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Machine Translation market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The key vendors dominating this market space are Lionbridge Technologies, Inc., SDL International plc., and IBM Corp.
The other vendors mentioned in the report are Asia Online Pte. Ltd., Cloudwords Inc., Lighthouse IP Group, myGengo Inc., Lingotek Inc., Welocalize Inc., and Moravia IT.
Key questions answered in this report:
What will the market size be in 2016 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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TechNavio's research portfolio in the Engineering series includes reports on the CAM Market, GIS Market, CAD Market, Construction Equipment Market, MES Market, PLM Market, CAE Market, FEA Market, PDM Market, AEC Software Market
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01. Executive Summary
03. Market Coverage
04. Market Landscape
04.1 Market Forecast
04.2 Five Forces Analysis
05. Geographical Segmentation
06. Vendor Landscape
07. Market Growth Drivers
08. Drivers and their Impact
09. Market Challenges
10. Impact of Drivers and Challenges
11. Market Trends
12. Key Vendor Analysis
12.1 IBM Corp.
12.2 Lionbridge Technologies Inc.
12.3 SDL International plc
13. Other Reports in this Series
List of Exhibits:
Exhibit 1: Global Machine Translation Market 2012-2016 (US$ million)
Exhibit 2: Global Machine Translation Market by Geographical Segmentation 2012
Exhibit 3: Major vendors in the Global Machine Translation Market
Exhibit 4: Language Penetration Rate in the World Wide Web 2012
TechNavio Announces the Publication of its Research Report - Global Machine Translation Market 2012-2016
TechNavio today launched its report, Global Machine Translation Market 2012-2016, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers' understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio's Engineering team said: ''Several companies with a global presence do not have a dedicated multilingual website for every region in the globe. This might hinder their growth as several users across the globe might be proficient only in their native languages. The integration of the translation process in the project plan makes content translation for websites easier. Moreover, companies can develop multilingual glossaries, style guides, and document templates by integrating translation processes in the project plan. This will help them reduce the turnaround time of the translation process. The trend of integrating the translation process in the project plan is expected to have a steady impact on the growth of the Global Machine Translation market during the forecast period.''
According to the report, several companies across industries are in the process of creating multilingual web content in order to increase their regional user base. Multilingual web content will also enhance user satisfaction levels to a great extent. This is mainly because most users prefer to read the contents of websites in their regional language. Hence, several companies are relying on machine translation software to create multilingual web content and increase their online web traffic. The increasing need for multilingual web content is expected to drive the growth of the market during the forecast period.
Further, the report reveals that a major challenge in the market is the dominance of human translators.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Lionbridge Technologies, Inc., SDL International plc., IBM Corp., Asia Online Pte. Ltd., Cloudwords Inc., Lighthouse IP Group, myGengo Inc., Lingotek Inc., Welocalize Inc., Moravia IT.