As Per New Report, Machine Translation Market to Reach USD 1.5 Bn with Massive +19% of CAGR by 2025 with Prominent Players - IBM, Microsoft, Lionbridge, Google

Tokyo, Japan -- (SBWire) -- 02/28/2019 --The machine translation market has seen prosperous growth over the last few years, as many end users such as automotive, medical, and electronics have adopted MT tools to avoid language barriers. As the demand for content localization grows and the need for cost-effectiveness and high-speed conversion increases, it becomes a key driver of machine translation market growth. Globalization has greatly contributed to addressing the needs of a versatile local audience. As the importance of the enterprise, the need to enable online content creation and global collaboration among employees' increases, we anticipate bringing the market to life during the forecast period. However, lack of quality and accuracy, and accessibility of free translation engines are hindering the growth of the machine translation market.

This Machine Translation market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.

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Leading players: Lionbridge Technologies Inc., Moravia IT, Systran International, Google Inc., Microsoft Corporation, IBM Corporation etc.

Key points of this latest research report:

- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward-looking perspective on different factors driving or restraining market growth
- It provides six-years forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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Moreover, aspects that affect the growth of the market, have been cleared out in the best possible manner to understand precisely this market. Each year in the forecast period is examined for better precise data with respect to every aspect affecting the market. This report is done on the competitive landscape of the global Machine Translation market has been given, presenting insights into the recent developments, mergers & acquisitions, company profiles, financial status, product portfolio, and the SWOT analysis.

For a stronger and more stable business outlook, the report on the global Machine Translation market carries key projections that can be practically studied. The report highlights major technological developments and changing trends adopted by key companies over a period of time. To achieve this, the research segments and sub-segments the global Machine Translation market by using many criteria. The growth predictions for each of these segments are included in the report.

Finally, the research directs its focus towards the possible strengths, weaknesses, opportunities, and threats that can affect the growth of the global Machine Translation market. The feasibility of new projects is also measured in the report by the analysts.

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