An increase in globalization due to the internet and the integration of people, companies and cultures means that the demand for language services is continuing to rise as people need to communicate with people from other countries, in different languages. Also, A Gartner Study anticipates that by 2020, 30% of all browsing sessions will include voice search. This site uses Akismet to reduce spam. Video content is already dominating the internet as Cisco Study Visual Networking Index (VNI) forecasts that “1 million minutes of video will be streamed or downloaded every second in 2021. Medical Translation. It has become a popular and accepted method among all age groups. Furthermore, Waibel invented Jibbigo, the first commercial speech translator in iPhones, and more recently the first real-time simultaneous speech translation system for lectures. We also anticipate that German translation professionals will find 2020 is a busy year for them. Language Translation Software Industry Market: Business Opportunities, Current Trends and Industry Analysis by 2020 – 2025 Market Study Report Date: 2020-12-14 Technology Product ID: 2803502 It will offer speech-to-text translation. The size of the industry is growing, but translation services must become cheaper for translators to remain competitive. Post-editing Machine Translation. Thus, China will become an important economic power and the language, Chinese (Mandarin) will follow also have a sense of importance in the Translation Industry. 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. 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. The Asia-Pacific region is one of the fastest-growing language service provider (LSP) markets, primarily in China and Japan. The interactions and integration of groups of people or companies have allowed the Translation Industry to enlarge. The localization field will continue to expand into 2021 with predicted growth of up to $56.18 billion USD. What do you think will be big news this year in the translation industry or your sector? 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 … For example, Sri Sharma from Net Media Planet says on average businesses witness a 20% increase in conversions when they translate landing pages and ads. Unsurprisingly, many of the key trends for 2020 are technology-driven, as is the case for most industries in the digital age. 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. 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 . It is also able to retain the source speaker’s voice in the translated speech.” This system, Translatotron, is a kick-start to Google’s end goal, end-to-end, speech-to-speech translation systems. For our final post of the calendar year, we look back at some trends of the translation industry in 2020. Your email address will not be published. Thus, it makes sense for companies to include these regions as … For example, China, South Korea, Japan, Indonesia, Vietnam, and India are the top rising translation markets for 2020. With tight deadlines and the need to cut costs, translators must learn to integrate CAT tools in their everyday tasks. In February 2019, Dr. Alexander Waibel, a professor at Computer Science at the Karlsruhe Institute of Technology (KIT) Germany and at Carnegie Mellon University developed with his team, JANUS, a speech translation system. There are numerous great trends providing perks to the people in the know. Digitalization and globalization are enabling companies across all industries to grow and expand beyond their national borders into international markets. The world will be watching 3 trillion minutes of internet video per month by 2021.” This video content can include anything from short YouTube videos or full movies on Netflix. Here are a few translation trends we think will be big this year…. Annual enterprise spending on translation services is expected to grow to USD $56.18 billion by 2021, primarily driven by increasing globalization. Machine translations are nothing new. For 2020 it is predicted that the language that will be in high demand is, Chinese (Mandarin). The difficulty with identifying what words and phrases consumers might use for voice search is that there can be many differences between the way someone speaks and the way they write/type. Top translation industry trends in 2020 that you can’t afford to miss. This research report also analyzes other important trends and market drivers that will affect market growth over 2020-2024. This increase in video content will impact the translation industry as it will lead to a higher demand for video translation services such as subtitling, dubbing and voiceover services. The translation industry is expected to grow exponentially following the trends that will impact the translation industry positively in 2020. In this article, we’ll reveal to you the top 5 translation services trends and outlook in 2020. Trends are dynamic. However, to strive and thrive in an era where new translation industries spring like mushrooms, translation industries need to understand and follow the trends that will impact their business massively. Required fields are marked *. As organizations continue to make their products and services available in more languages, CSA predicts that the language services industry will continue to grow and that the market will increase to$56.18 billion by 2021. But is there any technology being developed for a more global, widespread audience? 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. Users simply ask…, The way people work has been changing for a while now, with more companies offering flexibility to their staff and…. Machine Translation Market - Growth, Trends, and Forecasts (2020 - 2025) The Machine Translation Market is segmented by Technology (Statistical Machine Translation, Rule-based Machine Translation, Neural Machine Translation), Deployment (On-premise, Cloud), End User (Automotive, Healthcare, Military and Defense, IT, E-commerce), and Geography. The Top 4 Trends in the Language Services Industry for 2020: The Future of Translation January 17, 2020 February 3, 2020 We’re now two weeks into 2020: A date which not only represents a brand new year, but a new decade. Let us know in the comments below! Learn how your comment data is processed. Machine Translation (MT) Market 2020 Global Industry Trends, Statistics, Size, Share, Regional Analysis by Key Players |Applications and End-User 2 min read 2 months ago anita Translation trends for 2020 Four areas to watch over the next 12-months It’s that time of year again where we look at the trends that are shaping both the localisation sector and where translation is set to make an impact over the next 366 days (2020’s a … Voice Search allows users to use technology like smartphones, computers, smart devices to search the internet by asking a question or stating a phrase, verbally. And like any other field, there is a shift of trends in translation as well. About Localization 2020 Localization Industry Trends from Smartling. As we hinted at in the intro, technology is more of an evolution than a revolution and this means we have been able to implement these technologies over the years and refine our own systems to deliver the best results. 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