translation industry trends 2020

As time progresses and markets expand, different languages will be in high demand. Additionally, websites that completely localized their content see a 70% rise. The translation sector is very dynamic and new trends are appearing all the time. 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. subtitling, dubbing and voiceover services. The traditional method is manually typing a question or statement into a search box that would be answered by a search engine or a digital assistant like Siri, for example. 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 … The translation industry needed to adapt to the changes that have come with special circumstances and the evolving technology. It is expected to become increasingly vital as businesses try to reach as many consumers as possible. The size of the industry is growing, but translation services must become cheaper for translators to remain competitive. Required fields are marked *. What do you think will be big news this year in the translation industry or your sector? This will also mean that international SEO will continue to be extremely valuable to expanding businesses. Translation need can vary based on a number of factors, but economic developments and political factors are often key contributors. ComScore predicts that by 2020, 50% of all online searches will be performed by a voice search. Video Translation is the process of having audio and video professionals who take the video footage provided and create subtitles for various languages wanted and/or needed. Learn how your comment data is processed. Telephone Interpreting in 2020: Industry trends. 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 interactions and integration of groups of people or companies have allowed the Translation Industry to enlarge. 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. Let’s take a look at what will be the top trends in the translation industry in 2021. 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. Furthermore, Waibel invented Jibbigo, the first commercial speech translator in iPhones, and more recently the first real-time simultaneous speech translation system for lectures. Coronavirus Outbreak: what if a patient is not fluent in English speaking. For 2020 it is predicted that the language that will be in high demand is, Chinese (Mandarin). 4 Trends for The Translation Industry in 2020. Machine translations are nothing new. Market Size & Industry Statistics. Medical Translation. A globally connected translation and localization company with head office in India and branch offices in USA, Germany, France & Myanmar offering translation, transcription, interpretation, subtitling, captioning, dubbing, voice-over, mobile app localization, website localization and other customized language related services. But what will 2020 have in store for the translation industry? 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. Thus, it makes sense for companies to include these regions as … Like any other year, there are emerging trends in 2020 as well. What are the trends for the translation industry in 2020? As globalization increases, transcreation is becoming more and more popular in the translation industry due to companies recognising that they cannot use just one approach when communicating with clients worldwide. 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. With tight deadlines and the need to cut costs, translators must learn to integrate CAT tools in their everyday tasks. For our final post of the calendar year, we look back at some trends of the translation industry in 2020. 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. We can’t wait to see what 2020 will be like for the translation industry and Language Insight! 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. Post-editing machine translation PEMT – the new standard. Top translation industry trends in 2020 that you can’t afford to miss. 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. Ltd. | Terms & Conditions | Data Privacy Policy | Refund Policy | Pay Online, DMEXCO - Digital Marketing Exposition & Conference 2020 @home, Gamescom & Devcom 2020 – A Digital-Only Event, The significance of customized Commercials for a region-specific Audience. © Language Insight 2021. The first global trend, and the most visible one, is the increasing number of internet users who don’t speak English. Therefore. 2019 is already shaping up to be an exciting year for the translation and language industry. Now, there has been a steady development of a new method, Voice Search. In recent years video content has significantly increased and it is estimated that in 2021 1 million minutes of video will be streamed/downloaded every second. The demand for video translation will remain to accelerate and rapidly too. We also anticipate that German translation professionals will find 2020 is a busy year for them. This increase in video advertising comes from the fact that video ads have a much higher conversion rate than other ad types, as bestselling author Ben Angel explains how conversion rates on landing pages that feature videos increase by up to 80%. 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 Post-editing Machine Translation. Companies need of switching to multilingual services has increased. Also, A Gartner Study anticipates that by 2020, 30% of all browsing sessions will include voice search. Yes- in May 2019 on Google’s AI Blog, they announced a new system called Translatotron. 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. Your email address will not be published. The interactions and integration of groups of people or companies have allowed the Translation Industry to enlarge. In the latest Cisco Study Visual Networking Index (VNI) forecasts, “1 million minutes of video will be streamed or downloaded every second in 2021. 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 has become a popular and accepted method among all age groups. 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. Users simply ask…, The way people work has been changing for a while now, with more companies offering flexibility to their staff and…. 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. What challenges await Polish translation agencies in 2020? The first trend of the translation industry. 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. So let’s have a look at the top five trends of the translation industry in 2020. Within the translation industry proper, machine translation is a different proposition. on December 27, 2019 Digital technologies are set to revolutionize the translation and localization industries in 2020. The translation industry is expected to grow exponentially following the trends that will impact the translation industry positively in 2020. 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. Global Machine Translation Market: Increase in Localization of Video Content 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 Some trends emerge, others meet an end. And like any other field, there is a shift of trends in translation as well. The localization field will continue to expand into 2021 with predicted growth of up to $56.18 billion USD. To keep business in shape during the spread of Covid-19, one must … Companies need of switching to multilingual services has increased. Copyright © 2018 Lingual Consultancy Services Pvt. Your email address will not be published. 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. But is there any technology being developed for a more global, widespread audience? For further information about language translation and transliteration, contact us at Lingual Consultancy Services. 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. 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. 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. Insights from the Technology Round Table, European edition. There are numerous great trends providing perks to the people in the know. For example, China, South Korea, Japan, Indonesia, Vietnam, and India are the top rising translation markets for 2020. 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. And that’s because these markets have an annual growth rate of 4-5%. They shift every year with the slightest or the biggest change in any and every industry. All rights reserved, 50% of all search queries will be voice-based. Here are a few translation trends we think will be big this year…. About Localization 2020 Localization Industry Trends from Smartling. 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. Medical translation is expected to be one of the major trends in the translation industry for 2021. Digitalization and globalization are enabling companies across all industries to grow and expand beyond their national borders into international markets. The concept of 100 percent human translation (without computer assistance) doesn’t belong to the future. The first attempts at machine translation … Annual enterprise spending on translation services is expected to grow to USD $56.18 billion by 2021, primarily driven by increasing globalization. Translation industry market research and trends is a vital resource for understanding the increasingly complex and fragmented language industry. 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. 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. 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 … June 1, 2020 ... Certain trends relate to supply and demand, as both the services themselves and the providers of the services are changing the way the services are delivered. It can include short-form videos on YouTube or long-form videos on services like Hulu, Netflix, etc. In this article, we’ll reveal to you the top 5 translation services trends and outlook in 2020. What trends will dominate the translation industry in Poland in the coming months? Unsurprisingly, many of the key trends for 2020 are technology-driven, as is the case for most industries in the digital age. 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. Trends are dynamic. Video content can range from…. 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. Transcreation is a process that involves both localisation and creativity, and the idea is to transform the content so that it appears as if it was first created in that language. As much as 85 percent of video views happen with the sound off, according to multiple publishers,” according to DIGIDAY. Therefore, in order for brands to rank higher on search engines, they will not only need to consider what keywords their consumer might type in on search engines but also what they might say. 2020: Trends in Machine Translation for the Language Industry The machine translation landscape is blossoming, yet organizations are still trying to figure out how … 5 Trends of 2020 in the Translation Industry. Let us know in the comments below! 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. Seven Machine Translation Trends in 2020 Machine translation trends to keep an eye on in 2020: Context-aware MT, Productization of Quality Estimation, Quality Estimation as Evaluation, Smaller High-quality Models, Source Data Analytics, Multilingual and Multi-domain NMT, and Dynamic Adaption. This system would be the first end-to-end model that can directly translate speech from one language into speech in another language. It has played a massive role in 2020, with more people accessing healthcare services than ever before. We expect to see a big push in Artifical Intelligence, Machine Translation and Transcreation coming sooner than we might think. LC is one of the top companies providing language services in the industry with its pool of more than 16000 translators / interpreters / transcribers across the globe. 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 . Technology is developing at an extraordinarily fast rate in the language industry. 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. The Asia-Pacific region is one of the fastest-growing language service provider (LSP) markets, primarily in China and Japan. Transcreation is commonly used for marketing materials that companies want adapting to suit their overseas target markets. The translation industry is currently booming and is expected to grow beyond measure in the year 2020. Medical translation will play an even more important role in 2021 as we start to get vaccines all over the world. 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. 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. 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 world of translation and interpretation has been positively impacted by the advent of technology. Translators and interpreters looking Posted on November 21, 2019. 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. 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.”. There are new technologies developed to solve this rising demand for speech-to-speech translation if there is a new language demand. “The number of companies looking for Mandarin-speaking employees has grown by 35% when compared to the previous years and the experts predict that China will become an economic powerhouse in the globalized economy,” stated AGATO. This site uses Akismet to reduce spam. Spanish translation was highly sought after in 2019 and will continue to keep translators busy in 2020. This field is for validation purposes and should be left unchanged. 2020 is the beginning of a new decade, it’s the year of the rat and the Tokyo 2020 Olympics! We are a professional translation company providing language services in more than 250 languages covering all the major Indian, Asian, European, Latin American and African Languages. It will offer speech-to-text translation. Big news this year in the digital age translators busy in 2020 and language!. Push in Artifical Intelligence, Machine translation and language Insight switching to multilingual services has increased voice search to! Further information about language translation and localization industries in 2020 as well users who don t! Companies have allowed the translation and interpretation has been positively impacted by the of. Costs, translators must learn to integrate CAT tools in their everyday tasks assistance doesn... Is a vital resource for understanding the increasingly complex and fragmented language industry age.. Most visible one, is the increasing number of internet users who don ’ t speak.. 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