The globalmachine translation market is expected to grow at a CAGR of 19.03% during theforecast period. Based on the application, the global machine translationmarket has been segmented into defense, IT, automotive, and healthcare. As per the latest market research report published byTechnavio, the global machinetranslation market has the potential to grow by USD 971.87 millionduring 2020-2024. Get the free sample report below for the detailedinformation.
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One of the major driving factors behind the growth ofthe global machine translation market is the need for improved electronicwarfare abilities, including superior intelligence, stealth capabilities, andprecision attack. The key advantage of modern electronic warfare systems is thatthey can combine support protection and attack functions in a single unit.Also, electronic warfare systems include a variety of defensive countermeasuressolutions that can be initiated manually or automatically and are also equippedwith real-time impact recording.
Therefore, such electronic warfare systems providedefense agencies with the ability to assess the operational efficiency of atactical maneuver and subsequently update their warfare tactics in the future.Most electronic warfare systems have an architecture that enables defenseforces to update their threat library and classify new and existing threatsquickly using machine translation, as well as facilitaterapid countermeasures. Hence, the defense is expected to be the largest segmentof the global machine translation market during the forecast period. To know the complete and in-depth analysis andforecast of this market get the complete report by clicking the link below.
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