The world will be watching 3 trillion minutes of Internet video per month by 2021.” Videos are on the rise so much so that, “Video will represent 80% of all Internet traffic by 2021.”“Facebook might be hosting upwards of 8 billion views per day on its platform, but a wide majority of that viewership is happening in silence. It’s widely recognised that machine translation is still nowhere near the standard of human translation, partly because computers are so very bad at many of the skills that make a great translator, for example handling idioms, jokes, innuendo or nuance. Translation Services in the US industry trends (2015-2020) poll Average industry growth 2015–2020: -2.8% The Auto Parts Manufacturing industry in Canada is expected to contract amid high revenue volatility over the five years to 2020. The total U.S. industry market size for Translation & Interpretation Services: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size. It will offer speech-to-text translation. Beyond machine learning, machine translation, and machine automation, the world gears for other trends and predictions that can be expected out of the year 2020. Insights from the Technology Round Table, European edition. In recent years video content has significantly increased and it is estimated that in 2021 1 million minutes of video…, In December 2020 Amazon launched Alexa's Live Translation feature which allows Alexa to act as an Interpreter. Translators and interpreters looking Voice search is expected to soar in the upcoming years and in 2020 it is predicted that 50% of all search queries will be voice-based, which isn’t surprising considering the increasing popularity of Amazon’s Alexa, Google’s Home Assistant and Apple’s Siri. This makes it the most spoken language in the world, and the second-most utilized online behind English (25.4 percent).”, This Business Wire stated, “The growing tourism industry in countries such as China, India, Indonesia, Singapore, Thailand, and many more is contributing to the demand for speech-to-speech translation.”. With tight deadlines and the need to cut costs, translators must learn to integrate CAT tools in their everyday tasks. Let’s take a look at what will be the top trends in the translation industry in 2021. Your email address will not be published. About Localization 2020 Localization Industry Trends from Smartling. Users simply ask…, The way people work has been changing for a while now, with more companies offering flexibility to their staff and…. Companies need of switching to multilingual services has increased. If you already have those platforms in place and your marketing team is stepping on the gas pedal, then you’d probably wonder what’s next for the translation services industry. The first attempts at machine translation … Learn how your comment data is processed. For 2020 it is predicted that the language that will be in high demand is, Chinese (Mandarin). In the latest Cisco Study Visual Networking Index (VNI) forecasts, “1 million minutes of video will be streamed or downloaded every second in 2021. on December 27, 2019 Digital technologies are set to revolutionize the translation and localization industries in 2020. For example, China, South Korea, Japan, Indonesia, Vietnam, and India are the top rising translation markets for 2020. The interactions and integration of groups of people or companies have allowed the Translation Industry to enlarge. Telephone Interpreting in 2020: Industry trends. Also, A Gartner Study anticipates that by 2020, 30% of all browsing sessions will include voice search. The global translation industry is continuing its growth in the new year, with an expected market value of $56 billion by the end of 2020. This site uses Akismet to reduce spam. The Asia-Pacific region is one of the fastest-growing language service provider (LSP) markets, primarily in China and Japan. They shift every year with the slightest or the biggest change in any and every industry. Translation industry overview Over the last ten years, the global language service market had witnessed significant growth, doubling its size to reach $49.6 billion in 2019 . The Translation Technology Round Table, the signature event hosted by the Localization Institute, has always been an excellent opportunity for industry experts to openly discuss the latest developments in the translation technology field and freely debate issues confronting the industry. 2020 Global Translation Services Market, Industry Trends, Revenue Growth And Top Key Players 11-25-2020 09:22 AM CET | Advertising, Media Consulting, Marketing Research Press … Coronavirus Outbreak: what if a patient is not fluent in English speaking. Global Machine Translation Market: Increase in Localization of Video Content The first trend of the translation industry. Additionally, websites that completely localized their content see a 70% rise. This research report also analyzes other important trends and market drivers that will affect market growth over 2020-2024. And like any other field, there is a shift of trends in translation as well. Unsurprisingly, many of the key trends for 2020 are technology-driven, as is the case for most industries in the digital age. Post-editing Machine Translation (PEMT) technology has become a top trend in 2020, as it is moving towards a new quality level, which is faster, easier, and super profitable for businesses. Ethnologue, a source of information on the world’s languages, estimates “estimates the number of native speakers at almost 1.2 billion, roughly a billion of whom speak Mandarin. Video ads are also becoming increasingly more popular as it was predicted that in 2019 and 2020, 80% of online content will be video rather than text or image-based. 4 Trends for The Translation Industry in 2020. Also, individuals have their own accents and dialects which means identifying key voice search phrases for an entire target market is not an easy job, especially if a brand wants to reach foreign consumers as well as consumers in their domestic market. 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