Another major challenge obstructing the expansion of the industry over the forecast period is the creative
marketing materials present in the market, which a machine is not able to grasp and demands human
understanding for delivering & translation the definite meaning. This comprises certain legal documents and
creative marketing content. Consumers in the electronic market demands competent translation of document
in direction to haste up time to market and publication processes. An electronics enterprise demands publishing
to be completed in various languages to offer press releases, user manuals, for commercial, product launches
and marketing catalogs. Machine translation service providers builds up customized engines for the customer
in the electronics market that are well coincided with the industry’s particular terminologies and technological
descriptions. The machine translation industry finds its functions in healthcare to enhance communication
demands of physicians.
On the basis of application, the market can be segregated into automotive, medical, Electronics, healthcare,
electronics, information technology, and others. On the basis of technologies, the market can be segregated
into RBMT, SMT and others. The SMT (statistical machine translation) uses a model to create and analyse text
in the aimed language in contrast to this RBMT (rule-based machine translation) uses linguistic rules over the
sourced language, to create text in the aimed language. On the basis of the geographical region, this market can
be segregated into North America, Asia Pacific, Europe and Middle east and Africa. North America is expected
to capture maximum revenue over the forecast period.
Browse Full Research Report @
https://www.millioninsights.com/industry-reports/machine-translation-mt-market
Machine translation is very effectual way of eradicating language barriers around various regions. The main
factor responsible for the expansion of the North American machine translation industry is the growing number
of government initiatives and service providers in the area. The presence of a huge quantity of service providers
has assisted them to boost market expansion in the U.S. Google, Microsoft, two of the greatest technology
providers are based in the North America who have made SMT (statistical machine translation) technology
admired with their online engines. Increasing Globalization and requirement to deal with different cultural
groups have to lead to the increased recognition of translation technology in Asia Pacific.
The increasing proliferation of smartphones and growing penetration of internet are likely to fuel machine
translation market expansion in Asia Pacific over the forecast period. The demand to address various cultural
groups and growing globalization is expected to fuel the expansion of the machine translation system in Asia
Pacific. The main challenge of this market in Asia Pacific is the need for specialist skills, shortage of quality,
complexity in measurement & estimation of quality, and increasing competition from free language conversion.
Some of the key players in the market are SYSTRAN, Lionbridge, Lighthouse IP, Lingotek, Cloudwords Inc, SDL
PLC and Moravia IT. This market is less fragmented but the competition is expected to increase over the forecast