State of the industry: freelance translators in 2011 Introduction. For businesses looking to sell products or services, that means an increased need for video. Google is placing an increasing amount of importance on video. 4 Trends for The Translation Industry in 2020. This allows us to take on more clients without compromising Technological and logistical advances mean that companies can reach out to customers around the world. this article, we are looking at seven key trends for the translation industry The translation industry has grown every year for the past ten years. and refine our own systems to deliver the best results. Furthermore, both of the methods including machine translation saw the translators take fewer breaks during their work (29% for post-editing of phrase-based statistical machine translation and 42% for post-editing of neural machine translation). One word: Google. automated translation, is a "process when a computer software translates text from one language to another without human involvement [in the output]” (MemoQ.com, 2020). It has awarded 5073 contracts to 1181 companies, with an average value of $612,198 per company. Global Website Translation Software Market 2020 Industry Outlook, Present Scenario of Manufacturers, Share, Size, Opportunities and Forecast to 2025 Published: Nov. 24, 2020 at 7:58 a.m. We’re well into 2020, but there are still plenty of language-industry events you can attend if you’re looking to make new connections and learn new skills to take your career or LSP to the next level. It includes a ranking of the top 100 LSPs by revenue, a watchlist of large players that don’t disclose their revenues, and a detailed overview of the size and state of the language services industry. The accelaration rate and the diversification of automation technology surrounding the translation industry forms various arguments regarding the future of the industry. What are the trends for the translation industry in 2020? increase. The world of translation and interpretation has been positively impacted by the advent of technology. Global Translation Service Market was valued US$38.80 Bn in 2019 and is expected to reach US$ 45.60 Bn by 2027, at a CAGR of 2.33% during a forecast period. How many languages are there in the world? As time progresses and markets expand, different languages will be in high demand. If you are considering becoming a freelance translator, it helps to understand the current state of the translation industry, how it is organized, and where it is heading. Other projects, though, require additional expertise from specialist translators with experience in working in…, Multilingual brands come in all shapes and sizes in the digital age. shorter time-frames. As such, we expect to see a notable uptick in video translation once more this year. sentences and simple documents with a certain amount of accuracy. As highlighted in this year’s ATC survey of the UK language industry, ... translation (NMT). Quite simply, businesses can’t afford to ignore China if they are serious about global trade these days. Companies need more than word-to-word translations to conquer new markets. The world of translation and interpretation has been positively impacted by the advent of technology. Translation technologies have the same focus, meaning that a real translator who speaks a lesser used language has almost no reason to fear the impact of machine language translator developments on the translation industry. While we’re on the subject of machine translation, it’s worth taking a quick detour to look at the growth of the translation industry. In 2020, the federal government spent a total of $723,005,833 on Translation & Interpretation Services. And that’s using two of the languages that the Google Translate team has been working on for years. Also, we highly recommend that you check out the upcoming Translation Technology Round Tables that will be held in the US and in Europe in 2020! For example, AI translation isn’t great in Language industry research company Nimdzi Insights has published The Nimdzi 100, reporting on the size and state of the language services industry in 2020.This includes ranking of the top 100 largest global language service providers. Posted on November 21, 2019. As organizations continue to make their products and services available in more languages, CSA predicts that the language services industry will continue to grow and that the market will increase to$56.18 billion by 2021. business and industry aspects of the translation profession - 2020/1 Module code: TRAM476 In light of the Covid-19 pandemic, and in a departure from previous academic years and previously published information, the University has had to change the delivery (and in some cases the content) of its programmes, together with certain University services and facilities for the academic year 2020… This online event will explore the effects of the COVID-19 pandemic on research translation practices and business-academia collaborations. ET Comments Language translation to and from Mandarin is nothing new, but it is becoming increasingly important. Even though translations produced by machines aren’t perfect, technology has advanced sufficiently to mean that it’s often faster to use a machine AND a human than to rely on human translation alone. Doing so involves far more than just translation. The year 2020 is set to be the most difficult for most of us in decades. Perhaps it may one day, but we’re nowhere near that point yet. As we Read more: Translation Industry Trends for 2019. China, in response, has imposed tariffs of more than $110bn of products from the US. There are many factors that influence translation costs: language combination, timeframe, topic, volume, quality assurance, layout formatting, etc. Video translation: How to translate video content…. It has played a massive role in 2020, with more people accessing healthcare services than ever before. Therefore. We also anticipate that German translation professionals will find 2020 is a busy year for them. gap is with technology. Medical translation will play an even more important role in 2021 as we start to get vaccines all over the world. Type: Online Conference For: Language Service Companies, Translation buyers, Freelance Translators Dates: April 23, 2020 Location: Planet Earth Organizer: Smartcat Link: https://smtc.at/TOvYYj (open until April 10) Description: We will take a look at the challenges the COVID-19 outbreak is bringing both inside and outside the language industry. been working towards 2020’s biggest trends for a number of years already. Despite Covid-19 forcing them to postpone or take place virtually, there are many exciting localization and translation industry events happening in 2020 and 2021. The freelance industry will not have the translation profession if there are no multiple opportunities. Thankfully, trends rarely catch us by surprise and we have Globalization has generated consistent expansion in the industry—which is expected to reach $45 billion by 2020. SE Ranking reports that including video on your webpages can improve your position in the SERPS and increase your click-through rate, driving more traffic to your site. Translation need can vary based on a number of factors, but economic developments and political factors are often key contributors. Our global marketplace means that translation has never been more important when it comes to connecting individuals and businesses from a hugely diverse range of linguistic backgrounds. Whatever your translation demands, it’s likely that the right combination of quality, customer service and price will be essential from your translation provider(s) over the year ahead. Machine Translation Market forecast to reach $1.58 billion by 2025, after growing at a CAGR of 13.06% during 2020-2025 owing to high adoption of machine translation technology in end-user verticals such as military and defense, automotive, healthcare and others for automated translation of source material into another language. In 2020, we anticipate seeing an increase in demand for transcreation services, as part of the overall marketing translation niche. So why are we flagging it up again as a trend for 2020? Automation is a reality in the translation industry. It's simply become a way for agencies to make more money at the sacrifice of translators and clients alike. hinted at in the intro, technology is more of an evolution than a revolution Phone * Looking For * 1. For individual companies, high quality translation means the ability to reach more customers and expand their footprint. What will be the state of the translation industry in the summer of 2021? How much networking have you done so far this year? year as the demand for translation (and other language services) continues to These technologies are now at a point where they are ready Even logos, product names and straplines can be altered if it’s necessary to engage the target audience in the appropriate way. Not only is machine translation an attractive option for many businesses (due to its speed and cost), but there is growing evidence to suggest that turning to translation by a machine, then improving the result with a PEMT service is faster (and therefore more cost effective) than translating from scratch. What if 2019 was just the tip of the iceberg for the translation industry? Summary Translation: Hype Cycle for Transportation Industry, 2020 Published: 16 November 2020 ID: G00739528 Analyst(s): Ivar Berntz Summary The transportation industry experiences an increase in the interconnectedness of people and goods that can be optimized through technologies and data analysis. are so important for 2020 and beyond. On September 18, 2020 The Slator 2020 Translation and Localization Buyer Report features the latest insights from translation and localization buyers, spanning a range of end-customer segments including technology, finance, travel & retail, professional services, life sciences and more. Back in 1979, China opened up to foreign trade and investment and it hasn’t looked back since. Reinventing the Translation Industry Recordings & Report. Thank you! We really appreciated the wonderful conversations with other attendees which resulted in clarifications of certain concepts within the translation industry that our company is working on. The year 2020 is set to be the most difficult for most of us in decades. In that time, we’ve seen marketing trends flex and change, as consumers shift the way that they shop, the way they engage with brands and the importance they place on ethical and ecological considerations. The Nimdzi 100 is widely considered an industry standard and is read by tens of thousands of people in the translation … Microsoft conducted a survey in which 69% of participants already used a digital assistant, and that 75% of homes will have some kind of smart speaker by 2020. As we hinted at in the intro, technology is more of an evolution than a revolution and this means we have been able to implement these technologies over the years and refine our own systems to deliver the best results. This time we’re going to focus in on one area of NMT which looks set to shake up the machine translation space in 2020; domain-adaptive systems. The figures will add further weight to the trend for businesses to try combining machine translation with post-editing services in 2020. Unsurprisingly, many of the key trends for 2020 are Take this into consideration: MTPE work currently offers about 30% of the normal wages against translating from scratch, but often takes the same amount of time (if not longer). Not only is machine translation an attractive option for many businesses (due to its speed and cost), but there is growing evidence to suggest that turning to translation by a machine, then improving the result with a PEMT service is faster (and therefore more cost effective) than translating from scratch. The translation industry is currently booming and is expected to grow beyond measure in the year 2020. But there should also be hoopla the rise of newer and more diverse services in the translation industry. language supplier works with, it’s not only the trends within our own industry, We anticipate that the idea of a machine as a primary language convertor, backed up by human expertise as a secondary resource, will continue to gain in popularity. Real annual gross domestic product (GDP) growth averaged 9.5% through to 2018, making China one of the world’s fastest-growing economies. For 2020 it is predicted that the language that will be in high demand is, Chinese (Mandarin). According to the Congressional Research Service, it is also the world’s largest manufacturer, merchandise trader and holder of foreign exchange reserves, as well as the US’s biggest merchandise trading partner and largest source of imports. Without the latest technology, increasing these workloads simply Read on to discover more! The use of MTPE is good in the short term for translation agencies, but is bad for both translators and clients. Human translators will need to work in harmony with machines in this brave new translation world! Indeed, Technavio reports that an increase in video content localization will deliver a positive impact on the market, contributing significantly to its growth. ‍ How does this impact the translation industry? It allows language services providers to optimize workflows and to save time and money with every new project. Newer services in the translation industry will emerge. For For the business world as a whole, translation delivers the ability for entire countries to trade successfully around the globe. In 2020, we’ll see the translation industry respond to this in force. Both of these will be driven by demand for business translation, as firms with international trade translate everything from product labels to marketing brochures in order to increase their global footprint. We expect post-editing of machine translations (PEMT) to be a top trend in the translation world in 2020. How does Google deal with translated content? Javascript is disabled in your browser. This is a key trend for businesses looking to take advantage of the opportunities that come with globalization. As we’re digressing anyway, before we move on to the second of our top translation opportunities for 2020, let’s address the idea that advances in AI will mean an end to translation jobs. Big Break on Emerging Translation Service Industry in 2020. Market Size & Industry Statistics. Further use of MT involves its application in the travel industry, banking, legal, manufacturing and retail, media and entertainment and telecom, etc. While technology trends are driving innovation in the MTPE has turned into a cash grab for agencies that will charge around $.14 - $.16 per word while paying their "editors" $.03-$.04 per word, instead of paying $.08-$.10 per word for an accurate translation from scratch. By Lingual Consultancy Services . Launched in 2014, the "Translating Europe" project brings together translation stakeholders, such as universities (in particular those belonging to the European Masters' in Translation Network), the language industry, national language institutes, translation services of the public sector (or authorities) in the Member States and professional associations. As such, it paves the way for opportunity. Besides, translation companies have begun to understand the vitality of broadmindedness. Please enable it to submit your quote. developing and refining them. This means that, while the demand for translation services continues to grow, the role of the human working as a foreign language translator will change significantly. From global eCommerce websites and financial firms to international traders and local businesses operating in multicultural…, 7 Key trends for the translation industry in 2020, Machine vs human translation: the pros, cons and…. The Asia-Pacific region is one of the fastest-growing language service provider (LSP) markets, primarily in China and Japan. 5 Trends of 2020 in the Translation Industry. Translation service industry is getting in a huge break as of 2020 as a great amount of technological advancement with the emerging market of top of the line machines and software that is able to translate any language local and international in a quarter of a second. September 23, 2020 September 23, 2020 Guest Desk 0 Comments There are a lot of translators that would be wondering if they can find relative to jobs in the industry. For some translation projects, language experts are all you need to create multilingual content. We expect post-editing of machine translations (PEMT) to be a top trend in the translation world in 2020. Translators must adapt to the growing demand, which means they’ll have to tailor their offer to meet new requirements. but also the trends affecting our clients’ industry that we need to stay ahead Unsurprisingly, many of the key trends for 2020 are technology-driven, as is the case for most industries in the digital age. The Future of Translation Technology in 2020 and Beyond. Did you miss the TAUS Virtual Conference "Reinventing the Translation Industry"? 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