Pune, India -- (SBWIRE) -- 03/11/2019 -- Machine translation is a translation carried out by a computer with no human involvement. Machine translation is a system application which uses machine-learning technologies to transform large text from and to any of the supported language as defined by the user.

Market Scenario:
The increasing demand for content localization and growing volume of big data across various industries are the major factors for the growing machine translation market. This increase in volume of big data is generating the need for cost-efficient and high-speed translation. As a result many small and large firms are switching from traditional way to digital technologies which is driving the growth of market.

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However, machine translation follows some systematic structures so certain custom solutions remain unsolved in this regard also it is unable to translate from different file formats which creates a limit in the growth of the market.

Further, the increasing demand for post-editing machine translation services can be seen as a great opportunity in the machine translation market.

Market Segmentation:
The machine translation market is segmented on the basis of application and technologies. Based of application, the machine translation market can be segmented into automotive, healthcare, electronics, information technology, e-commerce and others. Based on technologies, the market can be segmented into rule-based machine translation (RBMT), statistical machine translation (SMT) and others.

Regional Analysis:
Based on the geographical regions covered, the machine translation market is analysed across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). The Northern America translation industry is anticipated to grow as number of government initiatives and service providers in the area are expected to increase.

Key Players:
The major players operating the machine learning market are SYSTRAN, Lionbridge, Lighthouse IP, Lingotek, Cloudwords Inc, SDL PLC and Moravia IT.

The Global Machine Translation Market Segmentation:
By Application
- Automotive
- Healthcare
- Electronics
- Information Technology
- E-Commerce
- Others

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By Technologies
- Rule-Based Machine Translation (RBMT)
- Statistical Machine Translation (SMT)
- Others

By Geography
- North America
o U.S.
o Canada
o Mexico

- Asia-Pacific
o China
o Japan
o India
o Singapore
o South Korea
o Rest of Asia-Pacific

- LAMEA
o Latin America
o Middle East
o Africa

Market Players:
- SYSTRAN
- Lionbridge
- Lighthouse IP
- Lingotek
- Cloudwords Inc.
- SDL PLC
- Moravia IT

Detailed TOC and Charts Tables available at: http://bit.ly/2VI18JZ

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