In this regard, it is not surprising that Shunfei Translation, as an LSP (Language Service Provider) that has been working in the international market for more than 20 years, is not surprised.
Whether it is from the microscopic changes in the year-on-year growth of customers or projects, or from the macro perspective that the communication between different countries and regions is hindered due to the epidemic, an epidemic has indeed caused an economic downturn, but people are very concerned about it. The desire for smooth communication has increased.
According to the 2021 annual industry report of CSA Research, an authoritative language service industry research organization, the language service industry in 2020 will have a greater growth than in 2019, with a market value of approximately US$47.5-48.4 billion, while in 2021 it will be between US$51.6-52.9 billion. , and is finally expected to grow further in 2022 - the global language services industry will be worth between $54.8 billion and $57.7 billion.
Behind these numbers on the size of the translation market is a busy industry that is undergoing major changes. For Shunfei Translation, who is in it, it is not appropriate to attribute the changes to the impact of the epidemic. In addition to the impact of the epidemic, technological development is also an indispensable reason for the changes in the translation market.
The time has come, at the beginning of 2022, Shunfei Translation made some predictions on some trends of the language service industry in 2022!
Medical translation
At present, the epidemic shows no signs of abating, but mutant plants are emerging one after another. In 2022, medical translation will continue to drive significant demand for language services.
In the translation market, medical expertise has always been valued. Medical translators are rewarded handsomely for their unique body of knowledge and language skills. At the end of 2019, the spread of the outbreak led to an unprecedented need for medical translation – information about the outbreak needs to be communicated rapidly around the world. These include the back-and-forth sharing of detailed medical information between medical providers and the government, often communicated and updated multiple times a day.
Timely and accurate medical translation is critical to facilitate medical information sharing. Today, two years later, the official channel to provide these translations has been established, but that does not mean that the demand for medical translations in the language services market will decline. In fact, with the Omikron variant spreading like wildfire in early 2022, we are likely to see significant demand for medical translation services from governments, medical institutions, and pharmaceutical companies throughout the following year.
Voice translation
Thanks to technological breakthroughs, voice translation may gain traction in 2022. Microsoft Azure already promises to be able to generate speech-to-speech and speech-to-text translations with a single API call and sell it as a service to application providers.
In recent years, speech recognition software has gone through the fumbling phase, as evidenced by the popularity of smart speakers. Sophisticated speech recognition technology means it is now more convenient to dictate an article than to type it.
For the translation industry, both translators and interpreters benefit from voice translation throughout their careers. Voice translation will also bring a whole new direction for developers in 2022. For example, companies looking to break into the market with a new translation app can focus on existing functionality, supplemented by language translation, and update and roll out the app in new and interesting ways over the coming year.
Business translation
The demand for business translation will continue to grow, not only because of the overall growth of the language services market, but also because of the shift in the way many companies conduct business.
Since the epidemic, we have all been working online. But it must be realized that there are still many traditional companies still on the road of transforming the way of operation, changing the way of delivery and eliminating the geographical restrictions, it is not as easy as you think. But once moving in this direction, many companies prioritize global over local in their service delivery models.
In 2022, the translation and localization industry will help these companies transform. For example, from translating advertisements and other marketing materials to providing online interpretation for video calls, Shunfei Translation is well-positioned to enhance or support companies in realizing their globalization strategies.
Language needs
In terms of language demand, translation companies will likely focus on the fastest-growing languages in the next few years.
The data shows that the fastest growing languages in terms of the number of speakers are English, Portuguese and Arabic. Of course Urdu, Indonesian, Chinese, Hindi, Korean, Spanish and French are also very large. 2022 may be a busy year for translators in relevant languages.
Just to add - knowing the correct "locale" is critical. For example, growth in French is expected to be concentrated in sub-Saharan Africa rather than in mainland France. Currently, the region is home to about 44% of the world's French speakers. This figure is expected to rise to 85% by 2050. The same is true for Spanish, which is expected to grow rapidly in the next few years, but not concentrated in the Spanish mainland. Instead, Spanish is booming in the United States, and Spanish is growing faster than any other language in the United States.
Multimedia Localization
In 2022, the collective desire for audiovisual content shows no sign of abating. As a result, businesses are increasingly focusing on how to connect with existing customers or new prospects using TV show formats and broadcast-style presentations.
As companies consider globalization strategies for business goals, there is an unprecedented need to localize creative content in the form of corporate multimedia. Therefore, multimedia localization may be a major trend in the language services industry in 2022.
E-learning
The pandemic is one reason, but the convenience and ease of use of online learning has long been the driving force. Whether it's to advance their careers, fight loneliness, or just for fun, people use their time online to learn a new skill. Training providers have done a lot to reach these eager new audiences, including offering course materials in multiple languages.
Of course, the translation services market will support companies looking to expand their training materials to enter new markets and recruit new groups of learners.
Machine translation
The advantages of machine translation are well established. It provides translations faster and more cost-effectively than human translations. And last year, with advances in machine learning and breakthroughs in neural networks, and tech companies racing to compete in the language field, 2022 could be the year to solve the underlying problems of machine translation in one fell swoop.
As we are in the industry, it is deeply felt that there is little comparison between machine translation in 2022 and the automated translation that Google first demonstrated in 2006. But people outside the industry, the impression of machine translation is still stuck in its 2006 joke.
2022 may completely change this perception gap, and those of us in the translation services industry have a responsibility to educate our clients about the future of translation and the role of machine translation in the future.
Summarize:
As the translation market continues to expand, so will the demand for translators. At present, there are many kinds of translators, such as scanning translation pen, camera video translator, reading pen translation, electronic dictionary translation, etc. Our factory has been deeply engaged in e-learning education translation for more than 20 years. If you are interested in translation industry or learning machine, you can contact us. We will be your specific manufacturer. Warmly welcome to us for bigger business.
