The translation industry is one of the most important and rapidly growing industries in the world today. This industry is undergoing a massive change in the last decade. With the consumption of over 38 million in the market, this industry further highlights an annual growth rate of 6%.
It is predicted that there will be over 30% growth rate in the translation industry when it comes to jobs. This is the new change that the companies need to get more accustomed to. There is a new change occurring almost every in every passing minute. Hence, the requirement for the businesses to be up to date is on the high. Companies need to be aware that this is a very powerful industry now.
With the rise in the use of technologies, the new technical developments will constantly have an impact on the workings and how we can carry several things out simultaneously. Therefore, companies will need to be updated with all the translation trends and the predictions as well so they remain a step ahead of their competitors in this demanding industry.
New technologies are the major reasons behind the evolution of the translation industry. This article provides a list of the top 5 and most important trending translation technology of 2018.
1. Enhancing the Customers’ Experience
A customer’s faith determines how healthy the relationship is between the company and its customers. Today, all the information required is available online. This makes it really tough for the translation companies to stand out among their competitors.
Therefore, companies will be putting more focus on interacting with the customers. This will further add more value to the company. It also makes the client purchasing experience simpler.
2. Improvements in Translation Technology
Today there are several applications available for language translation. Some of the most used translators today are Google Translator, Bing Translator, and Microsoft Translator.
Translating the languages have become an easier task for the companies now. These technologies are set to become even better in 2018. There will be a rise in the requirement for a more integrated and customizable process.
3.The emergence of New Business Models
In the translation industry, the common payment model is paying by the number of words. However, this model could soon see a fall as paying for words may not be the best paying method for the services like Trans-creation and Multimedia.
For an instant, the trans-creation of 5 words for a TV show will take days of work and research. Similarly, for Multimedia, the work of people like Graphic designers and Voice artists cannot be valued merely by the number of words.
4. Rampant growth in Mobile Apps Translation
One of the top translation trends for 2018 is the Mobile Apps Translation. The application developing companies and their developers are constantly attempting to reach the maximum number of audience. It is practiced in order to raise the profit by developing more translation apps in numerous languages.
Mobile App translations were visibly in the rise during 2017 and are expected to continue growing also in the year 2018. A figure shows that there are around 5.7 million applications which facilitate the function of translation available for download in 5 top grossing app stores.
5. Business Intelligence Proving to be a Crucial Tool
Today, more companies look into the factor of how business intelligence tool can help them to make further improvements as their developments. With the advance in technology, just to know about the current state of the project is not going to be enough anymore.
2018 will see more and more people employing predictive tools as a key to examine the local business in the coming future. On a similar note, the customers rely more on the effects of translation figures to assess the rise in the customer satisfaction.
New technologies are simplifying the Translation
Indeed, the advances in the technology are simplifying the translation process. More software companies and developers will develop new translation apps which will provide a better user interface. The translation services will be provided to the customers in a cost-effective manner.