As Speech Translation Advances, Barriers Continue to Fall - SpeechTek Magazine

August 1, 2020
Phillip Britt - SpeechTek

As Speech Translation Advances, Barriers Continue to Fall

Speech translation was already a rapidly growing market, thanks to evolving technologies, growing international travel, and business globalization. The COVID-19 pandemic slowed international travelers’ need for translation capabilities, but that need is expected to rebound as the world re-emerges from the pandemic.

Market research firm Mordor Intelligence forecasts that the speech-to-speech translation market will grow at a compound annual rate of 9.4 percent between now and 2025 thanks to further globalization, which it says will pick up again.

Speech-to-speech translation helps break down language barriers, helping to foster international business and tourism and to equalize communication ability, the Mordor forecast says.

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“Machine translation works quite well with major language pairs,” says Evgeny Matusov, lead science architect for machine translation at AppTek, a provider of artificial intelligence, speech recognition, neural machine translation, and natural language understanding technologies,

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View Full Article at Speech Technology Magazine

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