As Interprefy celebrates its 10th anniversary, we reflect on a decade of helping the language industry and empowering global communication. With rapid advancements in remote simultaneous interpretation (RSI) and real-time translation powered by AI, businesses now have unprecedented access to seamless, multilingual interactions that constantly adapt to an increasingly globalised world.
The Expanding Global Interpreting Market
The global interpreting market has shown remarkable growth and is projected to expand significantly. In 2022, the market size was valued at $9.5 billion. By 2026, this figure is expected to reach $14.3 billion, and by 2031, it will skyrocket to $26.6 billion. This exponential growth underscores the critical need for remote simultaneous interpretation services and real-time translation tools that facilitate effective, cross-linguistic business communication.
Rising Demand for RSI and Real-Time Translation in Business Events
Business needs are evolving, and the demand for both RSI and real-time translation is higher than ever. According to the latest Global Businesses and Live Translation report, the most popular events for professional simultaneous interpretation include business meetings (69%), industry conferences (64%), and company-wide 'all hands' meetings (63%).
In addition, more than two-thirds (69%) of organizations are considering the need for RSI or live translation services, such as AI-powered speech translation and live multilingual captions, for their business meetings, with 64% considering them for industry conferences. As companies strive to enhance communication in these high-stakes settings, 94% of multilingual event planning professionals would consider using AI as part of the real-time translation services at their events.
Related: Want to learn more about AI Speech Translation? Read our articles on Interprefy Remote Simultaneous Interpretation, Live Captions, or AI Speech Translation.
Award-Winning Innovation in Event Technology
Interprefy’s commitment to innovation and sustainability has been recognized globally. At the Event Tech London 2024, Interprefy proudly received the awards for Best Sustainable Tech Solution and Best Use of Tech for Engagement and Interaction.
These prestigious distinctions underscore Interprefy’s dual focus on providing cutting-edge solutions and embracing eco-friendly, interactive technology trends. They mark another milestone in a decade of pioneering advancements in remote simultaneous interpretation and real-time translation tools.
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How Interprefy Has Pioneered RSI and Real-Time Translation
Interprefy has been at the forefront of innovation, integrating AI and human expertise to offer cutting-edge real-time translation and remote simultaneous interpretation solutions. Over the past 10 years, the company has continually developed tools that enable seamless RSI and real-time language translation, facilitating communication across diverse linguistic backgrounds. Whether it’s speech to speech translation, AI captioning, or live conference support, Interprefy's solutions are designed to enhance mutual understanding and empower meaningful conversations.
With the market's projected growth and the increasing reliance on RSI services and real-time translation, businesses must adapt and embrace technology that ensures effective and inclusive communication. As we move forward, leveraging these tools will not only meet the growing demand but will also empower businesses to thrive in a global landscape.
In this fast-paced, interconnected world, the ability to translate in real time and use remote simultaneous interpretation is no longer optional—it is crucial for success. Interprefy's decade of leadership in RSI solutions and real-time translation stands as a testament to the power of technology in overcoming communication challenges and supporting global business initiatives.
As we look toward the future, investing in RSI services and real-time translation will empower businesses to communicate, collaborate, and grow without linguistic limitations.
For those ready to take their multilingual communication to the next level, Interprefy continues to be a trusted partner, celebrating 10 years of fostering better global connections. Are you ready to try it yourself?
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