Get Ready for the Future of Translation (2023)

What future of the translation industry? According to the US Bureau of Labor Statistics, the labor market for translators and interpreters is expected to grow by 20% between 2021 and 2031. This represents a difference of approximately 14,000 jobs. What are the main trends in the translation industry in 2023? Let’s find out

How will Technology Affect the Translation Industry?

Technology has had a profound impact on translation for decades. Thanks to computer-aided translation (CAT) tools, translators can work faster and more efficiently. CAT tools help to ensure the consistency and quality of each translation project. individual translators and large project teams.

Another important technology development for translation projects in recent years is a machine translation. This fast-growing market continues to grow. And it will be one of the great translation projects of 2023.

How Fast is Machine Translation Growing?

The global machine translation market is expected to reach $1.1 billion by 2022, with a market value of $450 billion in 2017. Its rapid growth reflects the increasing adoption of machine translation businesses. and greater plant efficiency. State-of-the-art neural networks and AI-inspired metaphorical models will continue through 2023.

Will post-editing overtake the Translation Industry?

The growth of machine translation has fueled the growth of another service: post-editing machine translation (PEMT). This is where professional translators take the automatically translated version and work to improve it. quality. It is a method that combines the advantages of computer-aided translation (such as speed and accessibility) with the nuances and skills that humans bring to the craft. As a result, PEMT will continue to grow in 2023. Will it dominate the translation industry? Not next year, but it will definitely become a bigger thing.

Which Translations are not Affected by Machine Translation?

Machine translation works better than some translations. For this reason, not all translations are equal. The origin and flow of languages, such as literary and poetic translations, are important, for example. It can be difficult for machines to translate it to what is needed. Similarly, translations are medical, scientific, legal, or financial texts that require specific knowledge (but) are not compatible with machine translation. This will continue until 2023 with a human translator. However, machine translation is developing rapidly. Therefore, more complex and more precise procedures can be carried out in the years to come.

Localization Departments of Large International Companies

Global trade is a complex business. International transport of moving parts and finished products across language barriers and different legal systems. Many things hold a global business back. The further development of the translation departments of the world’s largest companies by 2023 is an important translation trend.

The evolution of Location Definitions

Localization needs have evolved over the years. So localization means connecting with customers through a marketing approach tailored to the local region. Moreover, the rise of the Internet in the world has led to a huge increase in the conversion of websites. Recently, companies have decided to change the look of their social media channels in different countries and replace paid advertisements on these sites. For more detail click here.

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