List Headline Image
Updated by nick-5 on Nov 30, 2017
 REPORT
nick-5 nick-5
Owner
6 items   1 followers   0 votes   152 views

Top 6 Translation Industry Trends in 2017

The language translation industry continues to grow by leaps and bounds. In 2016, the entire language services industry was estimated at 40 billion USD with the market expected to grow to 45 billion by 2020. The growth rate is expected to continue increasing at an impressive 6.5% to 7.5% per year. But what is causing this rapid growth?

Check out a list of key industry trends we observed in 2017 to get an idea.

1

Machine Translation

Machine Translation

Automated translation continues to be a focus for the popular press. After all, wouldn't it be great if we could just speak into a device in one language and another language comes out correctly? The newly released Google Earbuds promise to be up to the task. Unfortunately, we aren't there yet. The technology relies heavily on voice recognition followed by machine translation.