We are living in the age of digitalization and it has given rise to the Internet revolution. The internet has become a primary solution source for every problem. As a result, the world is connected more than ever through the internet medium.
The digital space has countless quantities of data. However, everyone cannot communicate and use this data because of the language barrier. This is where the translation services come in.
In this article, we shall look at the need for the translation industry, and later we will tell you about the Top trends that are credited for shaping the future of the translation industry.
Need for Translation Services
Internet services and internet users are present all around the globe. Every country has many citizens speaking their native language. But, there is no common language or perspective for all. So, translation makes the content easily understandable for people from different countries.
The classic trend of human translation services has kept this industry working. But, the development in technology has brought forward some new trends in the translation industry.
As a result, the translation Services Market size was valued at USD 39.37 Billion in 2020. Furthermore, it is expected to reach USD 46.22 Billion by 2028. The growth results from an increase in local markets with an increasing demand for translation services.
As you can see, the translation industry has a large scope of growth soon. With that, let’s look at the top trends shaping the future of the translation industry.
Here is the top trends shaping the future of the translation industry
With the aid of technical improvements in this field, translation companies can manage massive amounts of data. Some individuals believe that technical progress in the translation sector is restricted to machine translation. This prompts us to look at the top translation industry trends.
Here are the top trends shaping the future of the translation industry:
- Collaboration tools: The last few years have forced and taught businesses to work in a remote setup. The translation industry has already been a part of it, and linguists usually work online. But, the pandemic brought more opportunities to work together.
Many collaborations tools have brought the trend ahead of the classic video calling and mailing activity. So, these collaboration tools enhance the work process of linguists with efficiency.
- Transcreation: Nowadays, customers look for a more personalized experience. For this purpose, translation and creation together form transcreation. It enables companies to localize their content for different audiences. Consequently, companies adapt the idea to this cultural perspective for more engagement.
- E-learning: The present era is the era of E-learning. Learners have adopted the internet medium for flexible learning without any geographical barriers. Also, internet-based learning has made it possible to learn from the best educators in the world. But, language can become a barrier to learning from experts from other countries.
For this purpose, educational content needs to be delivered in multiple languages with a similar learning experience. For this reason, translation plays an important role. Therefore, the E-learning industry has been taking advantage of the trends and technologies of the translation sector.
- Use of multilingual SEO strategies: A new trend in the translation industry is the emergence and development of multilingual SEO strategies. The majority of the businesses online look for a scope to expand their business in other countries through the internet. For this purpose, SEO experts are essential.
However, most content online is available in the English language. But, many people worldwide cannot read and understand English, so multilingual content on websites has increased.
- Artificial Intelligence: The increasing trend of translation has made AI more common. Global brands are using AI for translation. Mainly, AI is used in every other technology and mainly to automate business in the post-pandemic world.
Consequently, AI has increased the productivity and efficiency of businesses. AI is a fast and efficient tool for instant translations into multiple languages for the translation industry.
- Regional translation: The transaction industry is predicted to boom. The pandemic has compelled businesses to adopt technology, and multilingual content is now more important than ever. For this reason, local businesses that are trying to expand through the internet are looking for regional translations.
- Post-editing: Machine learning is considered a better translation medium than human translation because it is quick and affordable. But, it cannot match the quality and accuracy of human translation. Moreover, it has its respective set of errors. For this purpose, there is another set of processes known as post-editing. The post-editing process includes machine translation and human editing.
- Business translation: The trend of Business translation has registered increasing demand. This demand has not increased as the next step for business management. Instead, business translation is essential because of the changing approach of customers to businesses.
- Video translation: One of the most powerful forms of content is video content blended with visual and oral content. Also, videos have a significant role in the business field, leading to 49% more growth than other forms of media. But, to take any video content across a wide range of audiences, translation is needed. Therefore, after making videos, brands have to use video translation to ensure that videos turn into a final product.
- Speech translation: With the growth of technology, speech translation has also improved. Several applications use Microsoft Azure, which provides both speech-to-speech and speech-to-text translation services. Speech recognition is a classic work. But, the software for speech recognition has become more technologically advanced, with various new features.
As you can see, over the last few years, the translation business has developed at a rapid pace. And shows no sign of stopping anytime soon.
We have come to the end of this article. We hope you have learned and understood the new trends that are credited for shaping the future of the translation industry. These new trends, like Speech translation, AI, Video translation, Business translation, post-editing, etc., can be the future of the growing translation industry.
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Frequently Asked Questions
(1). What lies in the future of the translation industry?
The regional translation industry is a growing trend in the translation industry. The digital world continually pushes the local brands for a more globalized experience. So, the transaction industry is predicted to continue its growth this year.
(2). What is the future of the translation industry using technology?
The translation industry is expected to use Artificial Intelligence in the future. For example, Google software is a renowned name in the translation world, and it uses Artificial Intelligence. Also, this software gives an instant and precise translation for broad audiences.
(3). What will be the new ways of translation?
While we are at the beginning of the new year, some trends that are expected to shape the future of the translation industry are:
- Speech translation
- Video translation
- Translation for E-learning
- Artificial Intelligence post-editing
- Collaboration tools
(4). Do I still need a human translator?
The world has become more focused, technology-dependent. However, the demand for a human translator is still strong, and it cannot afford becker. For instance, a big name in the translation industry, Google, accepts that humans use technology. But, they cannot replace human translators.
(5). Which technology is used for translation?
The key tools for translation are:
- CAT tools (computer-assisted translation) Machine Translation (MT)
- CMS – Content Management System
- TMS – Translation Management System (information systems and translation service portals)
(6). What is the advantage of translation technology?
Technologies can get multiple advantages from technology that are:
- It’s easy
- It’s affordable
- Easy to reach the global audiences
- Streamline localization process etc.