Europe Machine Translation Market share to Expand at Over 16% CAGR through 2024

The research report on Europe Machine Translation Market provides an in-depth analysis of this industry with pivotal details subject to its overall position in the global landscape and its applications across various end-user sectors.

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As per the report, Europe machine translation market size is predicted to witness lucrative growth during the forecast period. In addition to this, the study also encompasses crucial information on the current market scenario, evolving technologies, widespread competitive landscape, growth prospects, industry tactics, and vivid market segmentations.

Moreover, the report also offers insight to various factors that would potentially drive the growth graph of the industry over the foreseeable time period, along with delivering minute details on the ongoing trends that the Europe machine translation industry is characterized by. The Europe machine translation market, as per given report, is fragmented on basis of regions, and competitive landscape.

Based on technology, the Europe machine translation market is projected to witness a strong growth in SMT-based systems. These systems yield results by finding similar patterns. These systems require enormous bilingual texts and work by  comparing  source content to a database of previous translations. . Some of the examples of such systems are open-source Moses system, Google Translate, and Bing Translator. These systems are much more natural when compared with RBMT systems.

 The overall Europe machine translation market is diversified into various regions and economies including Europe and its complete analysis has been enclosed in the report as well. It lays focus on various factors supporting the growth of regional markets in tandem with trending growth opportunities existing in every region, their individual growth rates, technologies being used, stringent regulatory reforms, and much more.

Taking into account the competitive landscape, Europe machine translation market is highly consolidated and boasts of presence of companies like Lionbridge, Sampark, Moravia IT, Lucy Software, Microsoft Corporation, Google Inc., IBM Corporation other industry participants. The report includes details on sales spectrum of each of these firms, their strategies to sustain their position in the market, individual company profiles and market share, and position in the overall ecosystem.

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Table of content:

Chapter 3.Industry Insights

  • Industry segmentation
  • Industry ecosystem analysis
  • Industry impact forces
    • Growth drivers
    • Growth restraints
  • Regulatory overview
  • Porter’s analysis
  • PESTEL analysis
  • Competitive landscape, 2017

 

Chapter 7.Europe Machine Translation Market Size, by Country, 2013 – 2024

  • Germany
  • UK
  • France
  • Spain

 

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