translation grows ever more pressing. In recent years, advances in artificial intelligence (AI) have dramatically improved the quality of machine translation, making it more accessible and useful than ever before. In this blog, we’ll explore some of the AI translation trends that are likely to dominate in 2023 and beyond.
According to a report by Research and Markets, the global machine translation market was valued at $520.9 million in 2020 and is expected to reach $1.5 billion by 2026, with a compound annual growth rate (CAGR) of 18.3% during the forecast period. Another report by Technavio forecasts the global language translation software market to grow by $4.51 billion during 2021-2025, with a CAGR of over 16%. These statistics demonstrate the significant growth potential of AI translation, as businesses and organizations increasingly rely on these technologies to communicate with global audiences, improve their workflows, and reduce translation costs.
5 AI Translation Trends That Will Dominate in 2023 and Beyond
- The Rise of Neural Machine Translation (NMT)
Neural machine translation, or NMT, is a type of machine translation that uses neural networks to predict the most likely translation of a sentence or phrase. NMT has rapidly become the dominant form of machine translation, thanks to its superior accuracy and ability to learn from vast amounts of data. In 2023, we can expect to see continued growth in the use of NMT, as more companies and organizations adopt this technology to improve their translation workflows.
- Increased Use of Cloud-Based Translation Services
Cloud-based translation services are becoming increasingly popular as businesses seek to streamline their translation workflows and reduce costs. These services allow users to access translation tools and resources from anywhere with an internet connection, making it easier to collaborate on translation projects and improve overall translation quality. In 2023, we can expect to see continued growth in the use of cloud-based translation services, as businesses and individuals alike seek to take advantage of these powerful tools.
- More Accurate and Natural-Sounding Translations
Thanks to advances in AI and machine learning, machine translations are becoming more accurate and natural-sounding than ever before. In 2023, we can expect to see continued improvements in the quality of machine translations, as AI algorithms become more sophisticated and are trained on larger and more diverse datasets. As a result, machine translations will be increasingly able to capture the nuances of language and produce translations that are indistinguishable from those produced by human translators.
- Greater Integration with Other AI Technologies
AI translation is just one of many AI technologies that are transforming the way we communicate and work. In 2023, we can expect to see greater integration between AI translation and other AI technologies, such as speech recognition and natural language processing. This integration will make it possible to create more seamless and efficient translation workflows, and enable new use cases for machine translation in fields such as healthcare, finance, and law.
- The Emergence of New Languages and Translation Markets
As the global economy continues to expand, new languages and translation markets are emerging all the time. In 2023, we can expect to see continued growth in the demand for translation services for languages such as Mandarin, Hindi, and Arabic, as well as for less commonly spoken languages in emerging markets. To meet this demand, we can expect to see new AI translation tools and services specifically tailored to these languages and markets.
Discover the Benefits of Future Trans AI Translation Services
Future Trans is a leading provider of AI translation services, offering a wide range of solutions to meet the needs of businesses and organizations around the world. With a team of experienced linguists and cutting-edge AI technology, Future Trans is able to deliver accurate, natural-sounding translations in over 100 languages. Their cloud-based translation platform makes it easy to collaborate on translation projects, track progress, and access translation resources from anywhere with an internet connection. Whether you need to translate documents, websites, or multimedia content, Future Trans has the expertise and technology to get the job done quickly and efficiently. With their commitment to quality, security, and customer satisfaction, Future Trans is the ideal partner for businesses seeking to expand their global reach through AI translation.
