Tuesday 28 April 2015, Amsterdam
The report recognizes the following companies as the key players in the Global Machine Translation Market: IBM Corp., Lionbridge Technologies Inc. and SDL International plc
Other Prominent Vendors in the market are: Asia Online, Cloudwords, Lighthouse IP group, Lingotek, Moravia IT, myGengo and Welocalize
The report said: “One of the major trends emerging in the market is the integration of the translation process in the project plan. Many companies with a global presence do not have a dedicated multilingual website to reach out to every region. This might hinder their growth as several users worldwide might be proficient only in their native languages.”
According to the report, the volume of business content that needs to be translated has increased to a great extent because of rapidly growing industries. Hence, machine translation has become imperative to make content available in regional languages for users worldwide.
Further, the report states that the dominance of human translators worldwide is a major challenge to the growth of the market. End-users still prefer human translation over machine translation, and this trend is expected to continue during the forecast period of 2015-2019.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.