A leading industry analyst is questioning our numbers…

Last week, Language Weaver came out with an estimate of the potential market size for automated language translation. We put it at an astounding $67 billion.

But Don DePalma, a leading translation industry analyst and principal partner of Common Sense Advisory, says that our estimate is “dead wrong.”

In a post on the Common Sense Advisory blog, www.globalwatchtower.com, DePalma writes that the untapped market potential is, in fact, much higher than that.

DePalma notes that some roadblocks still stand in the way to getting companies to understand the value of solutions like ours. But he also cites a poll conducted by the International Association for Machine Translation (IAMT) and Association for Machine Translation Americas (AMTA) that found that 40 percent of those surveyed were “now” likely to use automated language translation solutions. “That’s good news for the MT software sector,” concludes DePalma.

To read DePalma’s blog post, visit http://www.globalwatchtower.com/2008/09/25/language-weaver-estimate.

Mark Tapling, CEO of Language Weaver: ‘New market opportunities for language translation solutions’

In recent months, Language Weaver has been doing a lot of thinking and strategizing about how our products and services best fit into the intersection of two ongoing revolutions: the globalization and digital revolutions.

Today we enthusiastically unveil Language Weaver’s new positioning as a “human communications solution company” with a focus on massive volumes of digital content in three new commercial markets: Web Content, Business Intelligence, and Customer Care. The company will also will continue its focus on government work.

“Language Weaver’s industry-changing translation solutions have created entirely new, untapped commercial translation markets because we’ve lowered the cost of quality translation so dramatically,” said Language Weaver CEO Mark Tapling in a podcast interview. “Conventional language translation services are typically priced at 21 cents per word, leaving many high volume requirements behind. Language Weaver is able to provide an automated solution that dependably conveys communication meaning for applications with high volumes, requiring speed, and accuracy.”

The size of the translation market today is estimated at $14 billion according to research and consulting firm Common Sense Advisory. Because of the dramatically lower costs that automated translation technology enables, Language Weaver estimates that untapped markets total more than $67.5 billion.

In the following podcast, Mark explains the thinking behind this extraordinary estimate of market size, and the company’s new focus on cross-language human communications solutions in four key markets:

You can also subscribe to the Language Weaver Podcast

As we reposition our company to take advantage of the extraordinary market opportunities in automated language translation in the digital age, Language Weaver is proud to unveil our new next-generation Software-as-a-Service (SaaS) platform, Language Weaver’s Enterprise Translation On Demand.

The SaaS model delivers high-speed automated translation technology based on open standards including HTTP, SSL, and XML, and offers subscribers real-time translation capabilities across 60 languages — all with robust support and no hardware to purchase or maintain.

In the following podcast, Language Weaver Co-founder and CTO Daniel Marcu discusses the special benefits of SaaS when it comes to Language Weaver’s automated language communications solutions: