4,100+
Viewed by
4.5
Ratings
15+
Countries Tracked
10
Suppliers Covered
7
Clients Served
3%
Savings Generated
$ 45 Bn
$ 11.3 Bn
$ 21.2 Bn
$ 6.5 Bn
Category Intelligence on Translation Services covers the following
The global translation industry is expected to witness a robust growth in the next four years. The key supplier initiatives in the market are driven toward expanding service portfolio, enhancing geographical footprint and improved technological capabilities, aimed at increasing efficiency and reducing the cost for buyers.
Machine translation is a statistical automated translation method. Open sourced SMT methods are widely used and it is an emerging trend in the market. Most of the Language service providers are using machine translation.
Most of the organizations in North America and European nations are moving towards the centralizing their translation activities and streamlining the budget in order to achieve process efficiencies, spend visibility and cost saving.
Centralization of translation services includes the following parameters:
Languages in Demand
Supply Market
Translation Services
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