The smart home technology global market has seen significant growth in the last 8 years. With a global market value expected to surpass USD 115 billion by 2023, the home automation market is growing at a rate of well over 20 percent CAGR. Although the United States contributes substantially to this growth, they no longer dominate the market – home automation is growing in popularity throughout Europe, the Middle East, Africa, and the Asian-Pacific region.
But as with any rapidly-growing technology, there are potential roadblocks inhibiting growth. Cost, concerns with privacy and security, as well as interoperability challenges all play a role in the market’s growing pains. Another factor that will either limit or extend global reach involves language – smart home automation giants are now all racing to offer their growing global audience, high-quality products and services in a multitude of languages. The top global contender could end up being the one that offers the most languages.
Smart homes are increasing in popularity around the globe. Today, around a quarter of North American homes operate with some type of home automation, and this percentage is expected to rise to well over 40 percent in the coming years. Each part of the world in fact, will see a sharp spike in smart home […]
It's earnings season and several publicly traded companies from the Nimdzi 100 — our ranking of the 100 largest language service providers (LSPs) in the world — have released their half-year results for 2022. We at Nimdzi collected, normalized, and analyzed the data in an effort to see how 2022 is advancing for the language industry and to check if our growth projections are panning out.
Translation management systems (TMS) are one of the oldest language technologies out there. The first solutions appeared in the 80s with the emergence of brands such as STAR Transit and Trados, and the segment has been booming since 2010. In 2022, there are well over 160 technologies of this type on the market.