TechNavio's analysts forecast the Global Machine Translation market to grow at a CAGR of 18.05 percent over the period 2012-2016. One of the key factors contributing to this market growth is the rapidly increasing content volume. The Global Machine Translation market has also been witnessing the transition from rule-based to statistics-based technique. However, the dominance of human translation could pose a challenge to the growth of this market.
TechNavio's report, the Global Machine Translation Market 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Machine Translation market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The key vendors dominating this market space are Lionbridge Technologies, Inc., SDL International plc., and IBM Corp.
The other vendors mentioned in the report are Asia Online Pte. Ltd., Cloudwords Inc., Lighthouse IP Group, myGengo Inc., Lingotek Inc., Welocalize Inc., and Moravia IT.Key questions answered in this report:
- What will the market size be in 2016 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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TechNavio's research portfolio in the Engineering series includes reports on the CAM Market, GIS Market, CAD Market, Construction Equipment Market, MES Market, PLM Market, CAE Market, FEA Market, PDM Market, AEC Software Market