This study provides an analysis of the Language Technology market in the
EU (taking into account supply and demand), of
LT adoption by public services in the
EU, and of the
EU’s competitiveness with respect to the US and Asia in three
LT areas. The analyses show that suppliers are often
SMEs with local solutions and that public services have a strong interest for translation technology.
However, the worldwide
LT market, that is dominated by large players, has deficiencies regarding under-resourced languages, customisation needs, and security and privacy requirements. Based on the results of the analyses, the study develops a business model for
CEF AT by defining the latter’s value proposition in the context of the market.