Language Translation Going Through a Period of Transformation

FOR IMMEDIATE RELEASE
new york city, New York, United States of America (Free-Press-Release.com) January 23, 2012 -- Marketz Intel announces that it has a new translation report on language translation:

Report on the Translation Industry: Research and Best Practices

This report has 118 pages, 58 charts, figures, tables, focus boxes, and InfoGraphics, and a 23 page translation RFP response template. This translation report is part of our Insights Series™ of market research reports, where we combine industry professionals with our leading Analysts to craft reports that provide its readers with the sort of deep, rich insight they need to be competitive in today’s fast changing markets.

The language translation industry is in a state of both perfect competition because of low entry barriers with a highly competitive landscape, and total transformation through automation via machine translation and crowdsourcing. Both of these paradigms are being conjoined in the form of a new business model in response to an increased rate of change in the world.

As globalization continues to advance, our world is becoming smaller and smaller. With the increased criss cross of cultures and business around the world, increased demand for language translation is currently unfolding. Emerging markets like Asia are beginning to drive significant demand for translation, with advanced economies like that of Canada showing growth rates of approximately 7% year-over-year.

Marketz Intel is an international consulting firm with offices in Toronto, New York, and London. We’re bringing together former leaders of companies and industry leading analysts to offer reports that go deeper than just the presentation of data. This is what makes our Insights Series™ reports unique and market leading. The company has several distributors worldwide, including Research and Markets.com.

Keywords: Translation Report, Machine Translation, Crowdsourcing Translation, Language Translation Software, Software Localization, Globalization, Statistical Machine Translation, Translation Agency Report, Translation Industry, Translation Memory Report Statistics, http://www.languagetranslationreport.com/translationreport

http://www.languagetranslationreport.com

Crowdsourcing Translation     machine translation     Statistical Machine Translatio     Translation Report