Machine foreign language translation systems is a sub-field of computational linguistics, and can translate source content into target languages by using machine-learning technologies from and to any of their supported languages.Machine foreign language translation systems works with large amounts of source and target languages, which are compared and matched with each other by a machine translation engine. There are mainly three types of machine translation methods: Rules-based machine translation, Statistical machine translation, Neural machine translation. Machine translation can work without human intervention to translate considerable amounts of information that cannot be translated conventionally. The apparent benefits of machine translation as following: saves time, reduces costs, and memorizes terms. Humans may use MT to help them render text and speech into another language, or the MT software may operate without human intervention.
Global Machine Foreign Language Translation Systems market is projected to reach US$ 1071 million in 2029, increasing from US$ 489.2 million in 2022, with the CAGR of 12.2% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Machine Foreign Language Translation Systems market research.
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The globalization of businesses, linguistic diversity, and growing requirements for easy communication are driving market growth.
Globalization has significantly facilitated meeting the needs of linguistically diverse local audiences. Growing importance of businesses in emerging markets, creation of online content, and need for enabling global collaboration among employees is expected to drive market growth over the forecast period.
Scope of Machine Foreign Language Translation Systems Market Report:
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Attention Deficit Hyperactivity Disorder (ADHD) Treatment market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
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Segment by Type:
- Cloud
- On Premise
Segment by Application:
- B-end Customer
- C-end Customer
- Government and Defense
By Region
- North America (United States, Canada)
- Europe (Germany, France, U.K., Italy, Russia, Nordic Countries, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea,Southeast Asia, India, Australia, Rest of Asia)
- Latin America (Mexico, Brazil, Rest of Latin America)
- Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
Leading Key Players of Machine Foreign Language Translation Systems Market:
- RWS
- Microsoft
- Lionbridge
- AWS
- IBM
- Omniscien Technologies
- Baidu
- Tencent Cloud TMT
- Alibaba Cloud
- KantanAI
- Smart Communications, Inc.
- LLSOLLU
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The Machine Foreign Language Translation Systems report covers below items:
Chapter 1: Product Basic Information (Definition, Type and Application)
Chapter 2: Global market size, regional market size. Market Opportunities and Challenges
Chapter 3: Companies’ Competition Patterns
Chapter 4: Product Type Analysis
Chapter 5: Product Application Analysis
Chapter 6 to 10: Country Level Value Analysis
Chapter 11: Companies’ Outline
Chapter 12: Market Conclusions
Chapter 13: Research Methodology and Data Source
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