Study report predicts growth for machine translation market

International research firm Research and Markets has announced the addition of its Global Machine Translation Market 2012-2016 report.

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Analysts forecast the global machine translation market to grow at a CAGR of 18.05 percent over the period 2012-2016. One of the key factors contributing to this market growth is the rapidly increasing content volume. The global machine translation market has also been witnessing the transition from rule-based to statistics-based technique. However, the dominance of human translation could pose a challenge to the growth of this market. Global Machine Translation Market Report - Forecast to 2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the global machine translation market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key questions answered in the report include:

  • What will the market size be in 2016 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

Companies mentioned in the report include:

  • Asia Online Pte. Ltd
  • Cloudwords Inc
  • IBM Corp
  • Lighthouse IP Group
  • Lingotek Inc
  • Lionbridge Technologies Inc
  • Moravia IT
  • MyGengo Inc
  • SDL International plc
  • Welocalize Inc

Customers can request one free hour of analyst time when purchasing this report. <link http: www.researchandmarkets.com research global_machine>For more information click here.