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North America Machine Translation Market Analysis by 2024

The North America machine translation market will witness a significant growth in the healthcare domain. Machine translation is a tool occasionally used in the healthcare for translating instructional content, websites, doctor manuals, leaflets, patient brochures, and other crucial communication materials.

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North America Machine Translation Market Analysis by 2024

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  1. North America Machine Translation Market to generate over USD $600 mn revenue by 2024: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. Key Insights from North America Machine Translation Market • Graphical Research says, North America Machine Translation Market to cross $600 mn by 2024. • North America is the leading machine translation market globally owing to the abundant demands from the IT sector of the U.S. North America’s IT sector holds more than 60% of the regional market demand. • Machine translation is mainly used by large enterprises as the deployment of these systems requires high initial cost and resource allocation. Machine translation tools are used as content localization tool and are common in larger organizations. With smaller firms and organizations in North America, the trend of outsourcing such services has been observed. • Moreover, the presence of several providers in the region backed by supportive government policies is driving the North America machine translation market. The increasing investments and developments in artificial intelligence and machine learning by technology giants will bolster the North America machine translation market. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. Continued... • On the basis of technology, the SMT segment has shown a lucrative growth over the forecast period in this region. Google translate and Microsoft translation use SMT machine translation technology for its online services and applications. • When Google Translate was first launched, Phrase-Based Machine Translation (PBMT) was used as a key algorithm. PMBT algorithm works by splitting sentences into phrases and words that can be translated mainly autonomously. This is considered as the simplest and most popular version of SMT. • Major companies in the machine translation market in North America are IBM, Microsoft, and Google. In October 2017, Google launched Pixel Buds, a real-time translator that connects web search and connectivity incorporated with a built-in Google Assistant and Google Translate capable of translating 40 different languages. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. North America Machine Translation Market ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  5. Browse Full Market Research Report On North America Machine Translation Market @ https://bit.ly/2Jh0CgO Request for a Sample of this Research Report @ https://bit.ly/2t97SUI ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  6. Stay In Touch With Us For: Website: www.graphicalresearch.com Social Media: Assured Quality On-Time Delivery Payment Security Industry Experts ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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