TechGist05

The Emerging MT-Driven Translation Market Opportunity As we roll on into the New Year, it is clear that machine translation is now pervasive, universally available, and easily accessible to millions across the globe on all kinds of digital devices. It is often even accessible when we are not connected to the web. This widespread access to, and use of MT is true across the globe and recent advances in translation quality from Neural MT have raised the profile of MT all over again. And while Google is a large provider of generic MT, it is not dominant across the globe, and we see that regional MT portals dominate local markets, e.g. Baidu in China, Naver in Korea, and Yandex in Russia. By my very conservative estimates, the sheer volume of translation done is astonishing, and I think the global daily use of MT is easily in excess of 500 billion words a day. This amounts to approximately 185 trillion words a year, and this is if MT use does not continue to grow even further as new popula