The translation industry is recently considered being in a golden age of growth. Thanks to the massive intervention of technologies, investments, human resources, as well as research and development that help the industry reach betterment over time. The existence of machine translation (Translation technology) has also significantly proven its disruptive impacts on the demands of the translation market during the 21st century.
The skyrocketing achievement of the industry today was firstly founded by a number of first companies that developed machine translations, in which SYSTRAN was one of them that was recognized in the late 1960s. Collaborating with the US Air Force, the company was navigated to translate intelligence materials during the Cold War. The initiatives have eventually led to the current expansion of translation services.
It is undeniable that humans hold the key role in producing contextually more accurate translation products compared to computers. However, without efficiency as the catalyst, the industry seems hard to survive amid the challenges.
Machine Translation Market
The market of machine translation itself successfully secured USD 153.8 million in 2020, and is predicted to soar by USD 230.67 million by 2026. Apart from the financial benefits, the industry will also offer a big deal of employment opportunities by around 17 percent by the same year. Representing the amount, North America has successfully been listed as the largest translation market. This huge value signifies a continuous increase in economy and business internationalization that requires as many languages as possible. To catch such rapid development, computer-assisted tools may offer the best solution in providing cost-effective and high-speed translation.
Expanding Utilization of Translation Technologies
The engagement of the industry with technologies has proven effectivity. During the COVID-19 pandemic, translation technologies have surprisingly gained more attention, especially through the involvement of artificial intelligence (AI) and machine learning (ML) that boosts the interactive and responsive communication among stakeholders in disseminating COVID-19 information. The increase of translation demands mainly regards with health information, travel advice, and hygiene guidelines in different languages. It is also plausible that the situation will also be encouraging the development of industry-specific translation for medical and legal purposes together with the advance of global businesses.
Another prominent example of widely spreading access to translation technology was revealed when the European Commission has publicly made available its e-translation tools to support small and medium-sized enterprises (SMEs) sector in the first quarter of 2020. The policy has indirectly affected the assumption that swift access to translation products is substantial in aiming at a remarkable economic development. Government initiatives and a large number of service providers may also become the catalysts to the expansion of the technological-based translation business. Even more, social media company, such as Facebook is now focusing on collecting considerable translation resources for its machine translation by working with open source communities.
Artificial Intelligence As The Key
AI itself can facilitate the streamlining translation workflow that consists of translation, editing, and proofreading by providing accurate memory database from certain translated texts and reuse them as well as encouraging hassle free translation process that conventionally always relies on humans. The adoption of AI into the industry can also lower production costs up to 30 percent and offer more efficiency by 60 percent.
Apart from statistical machine translation, rule-based machine translation, and neural machine translation, other areas that may boost the development of translation technology market include deployment (on-premise, cloud), end-user (automotive, healthcare, military and defense, IT, e-commerce), and geography. Among the sectors, neural machine translation is currently seen as the heart of 21st century translation development.
Neural Machine Translation
The advent of neural machine translation (NMT) has been made in 2017, in which the technology acquired AI and utilized neural networking systems in generating qualified and speedy translation. The discovery of the technology has contributed to the creation of translation nuance that can mimic a human translator’s thought in producing comprehendible huge volumes of files in spite of certain drawbacks, such as less readability in some particular languages. However, the inventory attempt is still ongoing to engage humans and machines for a dominant progress of the industry.
Lionbridge estimated that the NMT business could soar by three to seven percent annually. The technology surely will be adopted at a brisk rate for the sake of localization purposes during the digital transformation era within the scope of global economic expansion.
IBM Corporation, Microsoft Corporation, SDL PLC, Lionbridge Technologies Inc., and Omniscien Technologies Inc. are a few of machine translation companies that reign the market. Their significant growths are sustained by automatic translation services that integrate multiple platforms, as a strategy to improve their customers’ experiences, digital discovery, analytics, as well as internal collaboration and communication.
As long as cultures and social phenomena are constantly exposed throughout the internet, the demands of new languages and subjects will also continue to expand across the globe. At this point, AI is being developed through the performance of complex algorithms and blockchain. Therefore, the future translation industry will not solely require professionals with high language skills and cultural knowledge but also those with a capable acquaintance with technology trends to help the industry seamlessly progress.
With AI as the companion, barriers among translators’ perspectives could be minimized, and countries around the world will no longer be apart in terms of information sharing throughout the happening globalization trend.
The discourse will only remain as an invisible target without sustainable collaboration among experts, professionals, stakeholders, and governments. The presence of translation greatly aims to eliminate the negative perception of language barriers that have been long assumed as the main limitations of cross-border expansion. The development of translation technologies powered by AI shed a light of hope to fight against the common paradigm, saying “time has no mercy”. To provide a new perspective in producing highly qualified translation products that intertwine the abilities of humans’ sensibility and consistency of efficient technologies, the progress of human communication is no more impossible.
Linguwiz is committed to provide our customers with quality translation and localization services at an affordable range of costs. Navigated by professional experts, the company is evolving in the translation market by continuously engaging with the trends of technologies to improve our customers’ satisfaction. Linguwiz performs not only based on the conventional ideas regarding invincible humans’ capabilities in interpreting certain contexts but also elaborates the significant contribution of relevant algorithm-based technologies.
For more information and details of Linguwiz translation and localization service, go contact us.