For our final post of the calendar year, we look back at some trends of the translation industry in 2020. Like any other year, there are emerging trends in 2020 as well. 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. Market Size & Industry Statistics. The first trend of the translation industry. Machine translations are nothing new. Medical translation is expected to be one of the major trends in the translation industry for 2021. 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 … We also anticipate that German translation professionals will find 2020 is a busy year for them. 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. © Language Insight 2021. 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. In this article, we’ll reveal to you the top 5 translation services trends and outlook in 2020. We expect to see a big push in Artifical Intelligence, Machine Translation and Transcreation coming sooner than we might think. All rights reserved, 50% of all search queries will be voice-based. In the latest Cisco Study Visual Networking Index (VNI) forecasts, “1 million minutes of video will be streamed or downloaded every second in 2021. Post-editing machine translation PEMT – the new standard. The first attempts at machine translation … 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. Posted on November 21, 2019. The world of translation and interpretation has been positively impacted by the advent of technology. 2019 is already shaping up to be an exciting year for the translation and language industry. It will offer speech-to-text translation. 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. Insights from the Technology Round Table, European edition. Therefore. 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. Post-editing Machine Translation. Translation need can vary based on a number of factors, but economic developments and political factors are often key contributors. Companies need of switching to multilingual services has increased. About Localization 2020 Localization Industry Trends from Smartling. 2020: Trends in Machine Translation for the Language Industry The machine translation landscape is blossoming, yet organizations are still trying to figure out how … Transcreation is commonly used for marketing materials that companies want adapting to suit their overseas target markets. 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. 5 Trends of 2020 in the Translation Industry. 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. 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 “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. 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. Here are a few translation trends we think will be big this year…. But what will 2020 have in store for the translation industry? Yes- in May 2019 on Google’s AI Blog, they announced a new system called Translatotron. 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. It can include short-form videos on YouTube or long-form videos on services like Hulu, Netflix, etc. Also, A Gartner Study anticipates that by 2020, 30% of all browsing sessions will include voice search. 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 … 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. Trends are dynamic. 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