Europe Machine Translation Market to accrue significant proceeds by 2024
Category: #business  By Shashie Pawar  Date: 2020-09-28
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Europe Machine Translation Market to accrue significant proceeds by 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.

Request a sample of this research report @ 

https://www.graphicalresearch.com/request/1072/sample

As per the report, Europe Machine Translation market size is projected to grow exponentially over the coming years. 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 Automotive, Military & defense, Electronics, IT, Healthcare, 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 industry is diversified into various regions and economies including Germany, UK, France, Spain 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.

The Market is further driven by the recent developments led by the EU projects, such as MOSES, that have made these systems more accessible to the small and medium enterprises. Recently, machine translation has been confined to large enterprises due to its high cost. Moreover, European countries including France, Germany, Italy, and the UK are among the top ten countries in Post-Edited Machine Translation (PEMT) technology catering to the demands of the businesses globally. According to a survey conducted by CSA research along with the CRACKER project, around 340 LSPs and more than 140 enterprise buyers of MT services found that 56% of PEMT providers were in Europe, 26% in North America, and 18% in the rest of the world. This is one of the major contributors of the European machine translation market.

 Taking into account the competitive landscape, Europe Machine Translation industry is highly consolidated and boasts of presence of companies like Lionbridge, Sampark, Moravia IT, Lucy Software, Microsoft Corporation, Google Inc., IBM Corporation. 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.

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

 

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About Author

Shashie Pawar

Shashie Pawar    

Shashie Pawar is a tech blogger and a digital marketing pro since 3 years and writes for Ground alerts. A Electronics & communication Engineering graduate by education, Shashie offers his analysis on the tech market research landscape. His strong suit is analyzing the...

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