Machine Translation (MT) Market Analysis By Application (Automotive, Military & Defense, Electronics, IT, Healthcare), By Technology (Rule-Based Machine Translation (RBMT), Statistical Machine Translation (SMT)) And Segment Forecasts To 2022

Published: May, 2015 | Pages: 80 | Publisher: Grand View Research
Industry: Technology & Media | Report Format: Electronic (PDF)

The global machine translation market is expected to reach USD 983.3 million by 2022. Technological advancements have led to the development of sophisticated translation technology with minimal errors and grammatical coherence, which has considerably widened the scope for machine translation. The ability to rapidly, seamlessly and cost-effectively translate documents and content in regional languages has spurred the machine translation market over the past few years.

The provision of machine translation Software-as-a-Service (MTSaaS) over secure cloud offerings hosted in data centers is expected to offer substantial growth opportunity for the market. Increasing prominence of cloud computing has resulted in growing demand for cloud-based translation tools, which is further expected to boost the machine translation market. Constant R&D and technological advancements have enabled the technology to seamlessly integrate into a range of products from enterprise-level systems to consumer devices. Upgrading of communication networks and the rising proliferation of smartphones has led to the introduction of machine translation apps that provide instant translation of multilingual text.

Further key findings from the study suggest:

Electronics and automotive industries are expected to gain significant market share by 2022. Application of machine translation in healthcare is expected to gain market share over the next six years. The need for accurate and timely translation of a large amount of content is expected to drive demand in various application industries.
Training of SMT-based translation engines consists of feeding in millions of segments of glossaries, bilingual texts, etc. for the engine to learn by examples. The demand for SMT has significantly increased over the past few years, due to its effectiveness over RBMT in terms of time and cost. It is also expected to remain the largest technology market through 2022.
Government initiatives and the presence of a large number of service providers has helped boost market growth in the U.S. Microsoft and Google, two of the largest technology providers based in the U.S., have made statistical machine translation technology popular with their free online engines.
Machine translation providers often sell products through their own websites or indirectly through a network of specialist sales agents. Most providers prefer having a direct sales force to market and sell their offerings. MT solutions are available as commercial software solutions (e.g., SYSTRAN Enterprise Server and SDL BeGlobal) or as free, web-based applications (e.g., Microsoft Bing Translator and Google Translate).
For the purpose of this study, Grand View Research has segmented the global machine translation market on the basis of application, technology, and region:

Machine Translation Application Outlook (Revenue, USD Million, 2012 - 2022)

Automotive
Military & Defense
Electronics
IT
Healthcare
Others
Machine Translation Technology Outlook (Revenue, USD Million, 2012 - 2022)

RBMT
SMT
Others
Machine Translation Regional Outlook (Revenue, USD Million, 2012 - 2022)

North America
Europe
Asia Pacific
Latin America
MEA

 Table of Contents


Chapter 1. Methodology and Scope 
               1.1. Research Methodology 
               1.2. Research Scope & Assumption 
               1.3. List of Data Sources 
Chapter 2. Executive Summary
               2.1. Machine Translation - Industry Snapshot and Key Buying Criteria, 2012 - 2022
Chapter 3. Machine Translation Industry Outlook
               3.1. Market segmentation
               3.2. Market size and growth prospects
               3.3. Machine translation technology roadmap
               3.4. Machine translation value chain analysis
               3.5. Machine translation market dynamics
                  3.5.1. Market driver analysis
                  3.5.2. Market restraint analysis
               3.6. Key opportunities prioritized
               3.7. Industry analysis - Porter's
               3.8. Machine translation - Key competitor analysis, 2014
               3.9. Machine translation - PESTEL analysis
Chapter 4. Machine Translation Application Outlook 
               4.1. Automotive
                  4.1.1. Global market estimates and forecasts by region, 2012 - 2022
               4.2. Military & Defense
                  4.2.1. Global market estimates and forecasts by region, 2012 - 2022
               4.3. Electronics
                  4.3.1. Global market estimates and forecasts by region, 2012 - 2022
               4.4. IT
                  4.4.1. Global market estimates and forecasts by region, 2012 - 2022
               4.5. Healthcare
                  4.5.1. Global market estimates and forecasts by region, 2012 - 2022
               4.6. Others
                  4.6.1. Global market estimates and forecasts by region, 2012 - 2022
Chapter 5. Machine Translation Technology Outlook 
               5.1. RBMT
                  5.1.1. Global market estimates and forecasts by region, 2012 - 2022
               5.2. SMT
                  5.2.1. Global market estimates and forecasts by region, 2012 - 2022
               5.3. Others
                  5.3.1. Global market estimates and forecasts by region, 2012 - 2022
Chapter 6. Machine Translation Regional Outlook 
               6.1. North America
                  6.1.1. Market estimates and forecasts by application, 2012 - 2022
                  6.1.2. Market estimates and forecasts by technology, 2012 - 2022
                  6.1.3. U.S.
                     6.1.3.1. Market estimates and forecasts by application, 2012 - 2022
                     6.1.3.2. Market estimates and forecasts by technology, 2012 - 2022
               6.2. Europe
                  6.2.1. Market estimates and forecasts by application, 2012 - 2022
                  6.2.2. Market estimates and forecasts by technology, 2012 - 2022
               6.3. Asia Pacific
                  6.3.1. Market estimates and forecasts by application, 2012 - 2022
                  6.3.2. Market estimates and forecasts by technology, 2012 - 2022
               6.4. Latin America
                  6.4.1. Market estimates and forecasts by application, 2012 - 2022
                  6.4.2. Market estimates and forecasts by technology, 2012 - 2022
               6.5. MEA
                  6.5.1. Market estimates and forecasts by application, 2012 - 2022
                  6.5.2. Market estimates and forecasts by technology, 2012 - 2022
Chapter 7. Competitive Landscape 
               7.1. AppTek
                  7.1.1. Company Overview
                  7.1.2. Financial Performance
                  7.1.3. Product Benchmarking
                  7.1.4. Strategic Initiatives
               7.2. Asia Online Pte Ltd.
                  7.2.1. Company Overview
                  7.2.2. Financial Performance
                  7.2.3. Product Benchmarking
                  7.2.4. Strategic Initiatives
               7.3. Cloudwords Inc.
                  7.3.1. Company Overview
                  7.3.2. Financial Performance
                  7.3.3. Product Benchmarking
                  7.3.4. Strategic Initiatives
               7.4. IBM Corporation
                  7.4.1. Company Overview
                  7.4.2. Financial Performance
                  7.4.3. Product Benchmarking
                  7.4.4. Strategic Initiatives
               7.5. Lighthouse IP Group
                  7.5.1. Company Overview
                  7.5.2. Financial Performance
                  7.5.3. Product Benchmarking
                  7.5.4. Strategic Initiatives
               7.6. Lingo24 Ltd.
                  7.6.1. Company Overview
                  7.6.2. Financial Performance
                  7.6.3. Product Benchmarking
                  7.6.4. Strategic Initiatives
               7.7. Lingotek Inc.
                  7.7.1. Company Overview
                  7.7.2. Financial Performance
                  7.7.3. Product Benchmarking
                  7.7.4. Strategic Initiatives
               7.8. Lionbridge Technologies Inc.
                  7.8.1. Company Overview
                  7.8.2. Financial Performance
                  7.8.3. Product Benchmarking
                  7.8.4. Strategic Initiatives
               7.9. Lucy Software and Services GmbH
                  7.9.1. Company Overview
                  7.9.2. Financial Performance
                  7.9.3. Product Benchmarking
                  7.9.4. Strategic Initiatives
               7.10. Moravia IT
                  7.10.1. Company Overview
                  7.10.2. Financial Performance
                  7.10.3. Product Benchmarking
                  7.10.4. Strategic Initiatives
               7.11. Pangeanic
                  7.11.1. Company Overview
                  7.11.2. Financial Performance
                  7.11.3. Product Benchmarking
                  7.11.4. Strategic Initiatives
               7.12. ProMT
                  7.12.1. Company Overview
                  7.12.2. Financial Performance
                  7.12.3. Product Benchmarking
                  7.12.4. Strategic Initiatives
               7.13. Raytheon BBN Technologies
                  7.13.1. Company Overview
                  7.13.2. Financial Performance
                  7.13.3. Product Benchmarking
                  7.13.4. Strategic Initiatives
               7.14. SDL PLC
                  7.14.1. Company Overview
                  7.14.2. Financial Performance
                  7.14.3. Product Benchmarking
                  7.14.4. Strategic Initiatives
               7.15. Smart Communications
                  7.15.1. Company Overview
                  7.15.2. Financial Performance
                  7.15.3. Product Benchmarking
                  7.15.4. Strategic Initiatives
               7.16. Systran International
                  7.16.1. Company Overview
                  7.16.2. Financial Performance
                  7.16.3. Product Benchmarking
                  7.16.4. Strategic Initiatives
               7.17. Welocalize Inc.
                  7.17.1. Company Overview
                  7.17.2. Financial Performance
                  7.17.3. Product Benchmarking
                  7.17.4. Strategic Initiatives


List of Tables


TABLE 1 Machine Translation - Industry Snapshot & Key Buying Criteria, 2012 - 2022
TABLE 2 Global machine translation market, 2012 - 2022 (USD Million)
TABLE 3 Global machine translation market by region, 2012 - 2022 (USD Million)
TABLE 4 Global machine translation market by application, 2012 - 2022 (USD Million)
TABLE 5 Global machine translation market by technology, 2012 - 2022 (USD Million)
TABLE 6 Technology evolution
TABLE 7 Solutions offered by market players
TABLE 8 Machine translation - Key market driver impact
TABLE 9 Machine translation - Key market restraint impact
TABLE 10 Key machine translation software providers, 2014
TABLE 11 Key machine translation service providers, 2014
TABLE 12 Key strategic initiatives
TABLE 13 Global machine translation demand in automotive 2012 - 2022 (USD Million)
TABLE 14 Global machine translation demand in automotive by region 2012 - 2022 (USD Million)
TABLE 15 Global machine translation demand in military & defense 2012 - 2022 (USD Million)
TABLE 16 Global machine translation demand in military & defense by region 2012 - 2022 (USD Million)
TABLE 17 Global machine translation demand in electronics 2012 - 2022 (USD Million)
TABLE 18 Global machine translation demand in electronics by region 2012 - 2022 (USD Million)
TABLE 19 Global machine translation demand in IT 2012 - 2022 (USD Million)
TABLE 20 Global machine translation demand in IT by region 2012 - 2022 (USD Million)
TABLE 21 Global machine translation demand in healthcare 2012 - 2022 (USD Million)
TABLE 22 Global machine translation demand in healthcare by region 2012 - 2022 (USD Million)
TABLE 23 Global machine translation demand in other applications 2012 - 2022 (USD Million)
TABLE 24 Global machine translation demand in other applications by region 2012 - 2022 (USD Million)
TABLE 25 Global RBMT demand 2012 - 2022 (USD Million)
TABLE 26 Global RBMT demand by region 2012 - 2022 (USD Million)
TABLE 27 Global SMT demand 2012 - 2022 (USD Million)
TABLE 28 Global SMT demand by region 2012 - 2022 (USD Million)
TABLE 29 Global other technology demand 2012 - 2022 (USD Million)
TABLE 30 Global other technology demand by region 2012 - 2022 (USD Million)
TABLE 31 North America machine translation market by application 2012 - 2022 (USD Million)
TABLE 32 North America machine translation market by technology 2012 - 2022 (USD Million)
TABLE 33 U.S. machine translation market by application 2012 - 2022 (USD Million)
TABLE 34 U.S. machine translation market by technology 2012 - 2022 (USD Million)
TABLE 35 Europe machine translation market by application 2012 - 2022 (USD Million)
TABLE 36 Europe machine translation market by technology 2012 - 2022 (USD Million)
TABLE 37 Asia Pacific machine translation market by application 2012 - 2022 (USD Million)
TABLE 38 Asia Pacific machine translation market by technology 2012 - 2022 (USD Million)
TABLE 39 Latin America machine translation market by application 2012 - 2022 (USD Million)
TABLE 40 Latin America machine translation market by technology 2012 - 2022 (USD Million)
TABLE 41 MEA machine translation market by application 2012 - 2022 (USD Million)
TABLE 42 MEA machine translation market by technology 2012 - 2022 (USD Million)


List of Figures

FIG. 1 Machine translation market segmentation
FIG. 2 Global machine translation market, 2012 - 2022 (USD Million)
FIG. 3 Machine translation value chain analysis
FIG. 4 Machine translation market dynamics
FIG. 5 Internet users by region, 2013
FIG. 6 Key opportunities - Prioritized
FIG. 7 Machine translation - Porter's Analysis
FIG. 8 Machine translation - PESTEL Analysis
FIG. 9 Machine translation market by application, 2014 & 2022
FIG. 10 Global machine translation demand in automotive 2012 - 2022 (USD Million)
FIG. 11 Global machine translation demand in military & defense 2012 - 2022 (USD Million)
FIG. 12 Global machine translation demand in electronics 2012 - 2022 (USD Million)
FIG. 13 Global machine translation demand in IT 2012 - 2022 (USD Million)
FIG. 14 Global machine translation demand in healthcare 2012 - 2022 (USD Million)
FIG. 15 Global machine translation demand in other applications 2012 - 2022 (USD Million)
FIG. 16 Machine translation market by technology, 2014 & 2022
FIG. 17 Global RBMT demand 2012 - 2022 (USD Million)
FIG. 18 Global SMT demand 2012 - 2022 (USD Million)
FIG. 19 Global other machine translation technology demand 2012 - 2022 (USD Million)
FIG. 20 Machine translation market share by region, 2014 & 2022
FIG. 21 North America machine translation market by application 2012 - 2022 (USD Million)
FIG. 22 North America machine translation market by technology 2012 - 2022 (USD Million)
FIG. 23 U.S. machine translation market by application 2012 - 2022 (USD Million)
FIG. 24 U.S. machine translation market by technology 2012 - 2022 (USD Million)
FIG. 25 Europe machine translation market by application 2012 - 2022 (USD Million)
FIG. 26 Europe machine translation market by technology 2012 - 2022 (USD Million)
FIG. 27 Asia Pacific machine translation market by application 2012 - 2022 (USD Million)
FIG. 28 Asia Pacific machine translation market by technology 2012 - 2022 (USD Million)
FIG. 29 Latin America machine translation market by application 2012 - 2022 (USD Million)
FIG. 30 Latin America machine translation market by technology 2012 - 2022 (USD Million)
FIG. 31 MEA machine translation market by application 2012 - 2022 (USD Million)
FIG. 32 MEA machine translation market by technology 2012 - 2022 (USD Million)