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Global Machine Translation Market 2015-2019

Global Machine Translation Market 2015-2019

About Machine Translation

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.

TechNavio's analysts forecast the Global Machine Translation market to grow at a CAGR of 23.53 percent over the period 2014-2019.

Covered in this Report

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.

TechNavio's report, 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.Key Regions

  • Americas
  • APAC
  • EMEA
Key Vendors
  • IBM
  • Lionbridge Technologies
  • SDL International
Other Prominent Vendors
  • Asia Online
  • Cloudwords
  • Lighthouse IP group
  • Lingotek
  • Moravia IT
  • myGengo
  • Welocalize
  • Market Driver
  • Rapidly Increasing Volume of Content
  • For a full, detailed list, view our report.
  • Market Challenge
  • Dominance of Human Translators
  • For a full, detailed list, view our report.
  • Market Trend
  • Integrating Translation Processes in Project Plans
  • For a full, detailed list, view our report.
Key Questions Answered in this Report
  • What will the market size be in 2019 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?


Press Release

TechNavio Announces the Publication of its Research Report – Global Machine Translation Market 2015-2019

TechNavio recognizes the following companies as the key players in the Global Machine Translation Market: IBM Corp., Lionbridge Technologies Inc. and SDL International plc

Other Prominent Vendors in the market are: Asia Online, Cloudwords, Lighthouse IP group, Lingotek, Moravia IT, myGengo and Welocalize

Commenting on the report, an analyst from TechNavio’s team said: “One of the major trends emerging in the market is the integration of the translation process in the project plan. Many companies with a global presence do not have a dedicated multilingual website to reach out to every region. This might hinder their growth as several users worldwide might be proficient only in their native languages.”

According to the report, the volume of business content that needs to be translated has increased to a great extent because of rapidly growing industries. Hence, machine translation has become imperative to make content available in regional languages for users worldwide.

Further, the report states that the dominance of human translators worldwide is a major challenge to the growth of the market. End-users still prefer human translation over machine translation, and this trend is expected to continue during the forecast period of 2015-2019.

Companies Mentioned

IBM, Lionbridge Technologies, SDL International , Asia Online , Cloudwords , Lighthouse IP group , Lingotek , Moravia IT , myGengo , Welocalize

  • Executive Summary
  • List of Abbreviations
  • Scope of the Report
    • Market Overview
    • Product Offerings
  • Market Research Methodology
    • Market Research Process
    • Research Methodology
      • Table Market Research Methodology
  • Introduction
  • Market Landscape
    • Workflow of Machine Translation System
      • Table Workflow of Machine Translation System
  • Market Landscape
    • Global Machine Translation Market
      • Market Size and Forecast
        • Table Global Machine Translation Market 2014-2019 (US$ billion)
    • Global Human Translation Market
      • Market Size and Forecast
        • Table Global Human Translation Market 2014-2019 (US$ billion)
    • Five Forces Analysis
  • Geographical Segmentation
    • Geographical Segmentation of Global Machine Translation Market 2014-2019
      • Table Geographical Segmentation of Global Machine Translation Market 2014
      • Table Geographical Segmentation of Global Machine Translation Market 2019
      • Table Geographical Segmentation of Global Machine Translation Market 2014-2019
    • Machine Translation Market in EMEA Region
      • Market Size and Forecast
        • Table Machine Translation Market in EMEA Region 2014-2019 (US$ billion)
    • Machine Translation Market in Americas
      • Market Size and Forecast
        • Table Machine Translation Market in Americas 2014-2019 (US$ billion)
    • Machine Translation Market in APAC Region
      • Market Size and Forecast
        • Table Machine Translation Market in APAC Region 2014-2019 (US$ billion)
  • Buying Criteria
    • Table Machine Translation Market
    • Parameters
  • Market Growth Drivers
    • Table Language Penetration Rate in World Wide Web 2014
  • Drivers and their Impact
  • Market Challenges
  • Impact of Drivers and Challenges
  • Market Trends
  • Trends and their Impact
  • Vendor Landscape
    • Key news
      • Key Mergers and Acquisitions
    • Other Prominent Vendors
  • Key Vendor Analysis
    • IBM
      • Key Facts
      • Business Description
      • Business Segmentation
        • Table IBM: Business Segmentation
      • Revenue Segmentation by Business Segment
        • Table IBM: Revenue Segmentation by Business 2013
      • Revenue Segmentation by Business Operation
        • Table IBM: Revenue Segmentation 2013
      • Revenue Comparison of Business Segments 2012 and 2013
        • Table IBM: Revenue Comparison of Business Segments 2012 and 2013 (US$ million)
      • Revenue Segmentation by Geography
        • Table IBM: Revenue Segmentation by Geography 2013
      • Business Strategy
      • Key Developments
      • SWOT Analysis
    • Lionbridge
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table Lionbridge: Business Segmentation by Revenue 2013
      • Business Segmentation by Revenue 2012 and 2013
        • Table Lionbridge: Business Segmentation by Revenue 2012 and 2013 (US$ million)
      • Geographical Segmentation by Revenue 2013
        • Table Lionbridge: Geographical Segmentation by Revenue 2013
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • SDL
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table SDL: Business Segmentation by Revenue 2013
      • Business Segmentation by Revenue 2012 and 2013
        • Table SDL: Business Segmentation by Revenue 2012 and 2013 (US$ million)
      • Geographical Segmentation by Revenue 2013
        • Table SDL: Geographical Segmentation by Revenue 2013
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
  • Other Reports in this Series

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