The market for language services is projected to top $43 billion in 2017, with translation accounting for the vast majority of all services. Global revenues grew by 7% in 2017, and by 13% since the end of 2015. Much of that growth is driven by language localization...
Price elasticity of demand is high in the translation market, and that LSP’s cannot fulfill the pent-up demand with rapid enough and inexpensive enough translation services. Currently, the average price per translated word is $0.23. If a vendor can halve that price...
The global market is highly fragmented. CSA Research’s database alone lists more than 18,500 LSPs, with the largest 100 LSPs garnering only 11% of global revenue. Furthermore, 59% of those 18,500+ LSPs have only two-to-five employees, while 86% have 20 or fewer. The...
Independent Translators Crowd Workers The quality of NMT systems is directly related to the amount of parallel text available for the language pairs. For many languages, there is little bilingual training data available in sufficient quantities. ALIA relies upon human...
ALIA’S BRAIN IS NEURAL MACHINE TRANSLATION (NMT) The rise of Neural Machine Translation over the past several years is a serious game changer. In a short time span, NMT has achieved accuracy rates equal to or better than existing statistical translation systems....
