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Essay / Research Paper Abstract
This 6 page paper is a literature review looking at the industry and potential market for machine based speech to speech translation devices. The translation market and development of machine based translation devices, including current competitors, is considered and well as the way that the market may emerge, with specific attention to the Chinese to Indian translation market. The bibliography cites 10 sources.
Page Count:
6 pages (~225 words per page)
File: TS14_TEspeechtrans.doc
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Unformatted sample text from the term paper:
language to be input into a device and instantaneously translated into the language of the listener. The concept of a universal translator has been seen in many science fiction applications
from Star Trek starting in the 1960s through to Stargate in the 21st century. However, it is only recently that the technology has been able to develop to a level
where this has become a viable development. To consider the potential for a translation device that will translate speech in a bi-directional manner, with specific attention to translations between Indian
and Chinese the industry itself can be examined and then the potential market for such a device can be considered. 2. The Industry Until recently there has only
been one viable option for those who want or need speech to speech language translation; the use of a human translator who is proficient in both languages. This demand for
translation is a large and growing industry. It is estimated that by 2013 the total market for translation services as a whole will increase to US $25 billion, from a
market that was worth only US $14.5 billion in 2008 (Romaine and Rishardson, 2009). This equates to a compound growth rate of 10.8% per annum (Romaine and Rishardson, 2009).
At the current time the majority of the industry revenues for the global top 30 translation firms come from the US and the UK which account for 62.1% of the
industry and 14.9% of the industry revenues respectively (Romaine and Rishardson, 2009). This reflects the dominance of the English languages in the industry and the concentration of the translation
industries in these areas. In this survey of the top 30 firms, Asia only accounted 2.8% of the business, amounting to US
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