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The global machine translation market was valued at US$306.60 million in 2017 and is projected to expand at a CAGR of 20.42% over the forecast period to reach US$934.76 million by 2023. We have covered all segments of this market like market size, share, growth, analysis in the market research report.<br>For more information, visit us:tt<br>https://www.knowledge-sourcing.com/report/global-machine-translation-market<br>
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Global Machine TranslationMarket Forecasts From 2019 To 2024
DESCRIPTION The global machine translation market was valued at US$306.60 million in 2017 and is projected to expand at a CAGR of 20.42% over the forecast period to reach US$934.76 million by 2023. Machine translation is a translation of a text by a computer without human involvement. The major factors driving the market are the growing volume of big data, the need for cost effective translation, and increasing online content. Moreover, globalization is raising the demand for location based content across various industry verticals such as electronics, travel, e-commerce and hospitality. However the availability of free translation tools may limit the adoption of translation machine.
Some Key Questions Answered By The Report • What will Global Machine TranslationMarket from 2019 to 2024? • How are the major drivers and restraints affecting the Global Machine Translation Market. • Growth and the opportunities which exist for key vendors? • Which segment and region will drive or lead the market growth and why?
Geography North America • United States • Canada • Mexico • Others South America • Brazil • Argentina • Others
Geography Europe • Germany • France • Italy • United Kingdom • Others Middle East and Africa • Israel • Saudi Arabia • UAE • Others Asia Pacific • Japan • China • India • Others
Segment Analysis • We have included all segments of this market in market research report. • The Global Machine Translation market has been segmented on the basis of technology, end-users and geography. • For complete segment information visit us https://www.knowledge-sourcing.com/report/global-machine-translation-market
Conclusion • Major players in the Global Machine Translation market have been covered along with their relative competitive position and strategies. • The report also mentions recent deals and investments of different market players over the last year. • The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the Global Machine Translationmarket.
COMPANY PROFILES Google Inc. IBM Corporation Microsoft Corporation Moravia IT Omniscient Pangeanic SDL PLC SystranInternational
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