Insights on the Machine Translation Market 2020-2024: COVID-19 Industry Analysis, Drivers, Restraints, Opportunities, and Threats – Technavio

LONDON–(BUSINESS WIRE)–#GlobalMachineTranslationMarket–The machine translation market is expected to grow by USD 971.87 mn, progressing at a CAGR of over 19% during the forecast period. Download Free Sample Report


The globalization of business is one of the major factors propelling market growth.

More details: https://www.technavio.com/report/machine-translation-market-industry-analysis

Machine Translation Market: Application Landscape

Based on the application, the defence application is expected to post significant growth during the forecast period.

Machine Translation Market: Geographic Landscape

By geography, North America is going to have a lucrative growth during the forecast period. About 30% of the market’s overall growth is expected to originate from North America. The US and Canada are the key markets of machine translation in North America.

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Companies Covered:

  • Alphabet Inc.
  • Asia Online Pte Ltd.
  • Cloudwords Inc.
  • Honyaku Center Inc.
  • International Business Machines Corp.
  • Lionbridge Technologies Inc.
  • Microsoft Corp.
  • SDL Plc
  • SYSTRAN SA
  • TransPerfect Global Inc.

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Value chain analysis
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market outlook
  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Market segmentation by application
  • Comparison by application
  • Defense – Market size and forecast 2019-2024
  • IT – Market size and forecast 2019-2024
  • Automotive – Market size and forecast 2019-2024
  • Healthcare – Market size and forecast 2019-2024
  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Use of multilingual AI
  • Increase in localization of video content
  • Adoption of mobile translation

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Alphabet Inc.
  • Asia Online Pte Ltd.
  • Cloudwords Inc.
  • Honyaku Center Inc.
  • International Business Machines Corp.
  • Lionbridge Technologies Inc.
  • Microsoft Corp.
  • SDL Plc
  • SYSTRAN SA
  • TransPerfect Global Inc.

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

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