Uploaded on Dec 30, 2024
2024 ends with a second Trump administration about to take office in the United States. Trump’s election campaign made immigration a central issue and promised stricter immigration controls. As voters went to the polls, the 2023 American Community Survey (ACS) data release revealed a significant increase in the number of non-English speakers in the US, reaching 71 million or 21% of the country’s population. https://slator.com/will-language-service-providers-finally-change-pricing-models-in-2025/
Will Language Service Providers Finally Change Pricing Models in 2025
WILL LANGUAGE SERVICE PROVI
DERS FINALLY CHANGE PRICING
MODELS IN 2025?
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Introduction
2024 closes with a second Trump
administration set to begin in the US.
Immigration was at the center of Trump's
presidential campaign and promised more
draconian immigration controls. Meanwhile,
as Americans voted, the long-awaited
2023 American Community Survey, or
ACS, data reveal that the number of those
who do not speak English increased by 71
million and now stands at 21% of the US
population.
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In fact, studies show that the surge in the foreign-
born population reached a rate not seen since
1910. All the while, the Department of Homeland
Security (DHS) also increased deportations to the
highest levels in over a decade.
These are conflicting trends, but constitutionally
speaking, language access rights are unlikely to
change under Trump and will continue to be a
strong demand driver for language services.
However, implementation of
AI translation by non-language organizations
and translation-as-a-feature (TaaF) add
challenges and uncertainty to an otherwise strong
2025 business outlook.
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Impact of Trump’s Re-Election on Demand for US Language Access
Poll on November 15, 2024. Vote Count: Services
48
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AI Speech Translation
Fever
There were constant mentions of AI speech translation in 2024 in the academic
and AI commercial areas. For instance, in the last quarter, Apple researchers
published a paper on speech-to-text translation (S2TT) highlighting limitations
in the way S2TT-capable systems process and incorporate nuance in translation.
Then, in November, Microsoft announced the early release of a
new mobile AI speech translation app for Azure subscribers. Dubbed Microsoft
Translator Pro, it boasts many of the same features found in other standalone
mobile translation apps, including Samsung's Live Translate and Google Translate.
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And it is not just translation. In November, OpenAI’s Whisper was in the news
due to hallucinations in healthcare transcription. The AP reported that more
than 30,000 clinicians and 40 healthcare systems have already begun using a
tool from Nabla based on Whisper.
We asked readers how often they use AI speech-to-text tools, and most
respondents (40.7%) said they never do. Close to a quarter (24.1%) rarely use
it, and the rest use it often (14.8%), sometimes (11.1%), and very often
(9.3%).
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How often do you use AI speech-to-text
toPoolll so?n November 22, 2024. Vote Count:
54
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December to Remember?
Throughout 2024, there was no shortage of M&As and funding rounds in tech
and services in the language industry, leaving an impression both of financial
recovery (compared to what for many was a slow 2023) and optimism for the
year ahead.
Slator reported over 30 acquisitions, advising on a few. Super Agency and
Leader LSP handled multiple. TransPerfect made 4 acquisitions,
Translate.One made 3. Teleperformance acquired ZP in November, while
Stoquart, LXT, and ArKadia closed deals in December.
At year-end, 31.7% of businesses reported being quite busy. Equal groups
(20.5% each) had normal or somewhat slow activity. Meanwhile, 18.2%
experienced very slow activity, and 9.1% saw their busiest period ever.
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How’s your business / work in December?
Poll on November 29, 2024. Vote Count:
44
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Slow-Changing Pricing Models
Despite advances in machine translation and workflow automation, 87% of
language service providers still use the traditional per-word pricing model, per
the Association of Language
Alternative pricing models have been discussed at industry events, but
subscription pricing—offering tiers based on edit distance (human or
automated)—is only now gaining traction.
Australia's AI Media adopted a subscription model in April, boosting shares by
250%, catching investor attention
We surveyed readers on translation pricing: 68% charge/pay per word, 15% use
edit distance, 7% each prefer hourly or other metrics, and 3% opt for a
subscription model.
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How do you charge or pay for translation?
Poll on December 6, 2024. Vote Count:
100
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Slator i s the leading source of news and research for the g lobal
t rans la t ion, loca l izat ion, and language technology industry. Our
Adv isory prac t ice is a t rusted par tner to c l ients look ing for independent
analys is . Headquar tered in Zur ich, S la tor has a presence in As ia , Europe,
and the US.
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