Machine Translation Market revenue to cross USD 5 Billion by 2035, says Research Nester forextv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forextv.com Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ The "Machine Translation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to.
/PRNewswire/ The "Machine Translation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to.
26
The latest report by IMARC Group, titled
“Machine Translation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” The global machine translation market grew at a CAGR of around 14% during 2015-2020. Machine translation (MT) is an automated software used to translate source content into target languages. It can work without human intervention to translate considerable amounts of information. It limits the scope of permissible substitutions to allow customization and enhance the overall output. At present, the increasing utilization of adaptive machine translation is offering lucrative opportunities to key players in the industry. Looking forward, IMARC Group expects the global machine translation market to exhibit strong growth during the next five years.