Deerfield Beach, FL -- (SBWIRE) -- 09/21/2015 -- Machine translation (MT) is the translation of words by a computer from one language to another. Global Machine Translation market to grow at a CAGR of 23.53% over the period 2014-2019. It is one of the major sub-fields of computational linguistics, and deals with statistical or rule-based modeling of natural language. It enables speedy translation of documents and content. It is a cost-effective method employed by several companies to create multilingual content for a global website.

Covered in this Report

This report covers the present scenario and the growth prospects of the Global Machine Translation market during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue obtained from the sales of machine translation services and products.

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Global Machine Translation Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Machine Translation market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Machine Translation Market 2015 Global Trends, Market Size, Share, Price, Segmentation, Research Report and Forecast 2015-2020.

The report Machine Translation Market Industry provides a comprehensive analysis of the Machine Translation Market.This report also includes detailed segmentation of the Machine Translation Market. The leading sector, emerging sectors, along with their growth statistics have been mentioned in the report.

After a deep overview of the Machine Translation Market, the report analyzes the market dynamics. This report also include the top drivers supporting market growth as well as the key restraints hampering market growth.

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Key Regions

Americas
APAC
EMEA

Key Vendors

IBM
Lionbridge Technologies
SDL International

Other Prominent Vendors

Asia Online
Cloudwords
Lighthouse IP group
Lingotek
Moravia IT
myGengo
Welocalize

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Additionally, the report also states the threats ass well as opportunities that companies in the market need to look out for. The most influential trends that will shape the market during the forecasting horizon are also covered in this report. Current market development trends like a partnerships, collaborations, M&As etc., have also been discussed in detail in the report.

Players in the Machine Translation Market are aiming to expand their operations to emerging regions. An in-depth supply chain analysis in the report will give readers a better understanding of the Machine Translation Market.

Important Questions Answered in report:-

What will the expected Compound Annual Growth Rate For "Machine Translation Market"?
What will the Machine Translation Market size be in 2019?
What is driving this market?
What are the challenges related to Machine Translation Market growth?
What are the key market trends?
Who are the key vendors in Machine Translation Market area?
What are the market opportunities?
What are the strengths as well as weaknesses of the key vendors?
Which are the threats faced by the key vendors?