Translations in 2022

The translation market has grown significantly in recent years, and it is expected to continue expanding in the coming years. Translation services are in high demand as businesses and organizations seek to communicate effectively with a global audience.

One of the main factors driving the growth of the translation market is the increasing globalization of trade and communication. With the rise of the internet and social media, it has become easier for people from different countries and cultures to connect and do business with each other. This has created a need for translation services to help facilitate communication and understanding between people who speak different languages.

Another factor contributing to the growth of the translation market is the increasing recognition of the importance of high-quality translations. Poorly translated materials can lead to misunderstandings, confusion, and even legal problems. As a result, more and more businesses and organizations are recognizing the need to invest in professional translation services to ensure that their materials are accurately and effectively translated.

So what are the main language combinations and sectors that use translation services? According to a report by the European Union, the top language pairs in the translation market are English to/from French, German, Spanish, and Arabic. These language pairs make up a significant portion of the market, and they are expected to remain in high demand in the coming years.

In terms of sectors, the translation market is diverse and includes a wide range of industries. Some of the main sectors that use translation services include:

• Technology: The technology sector is one of the largest users of translation services, as companies in this industry often need to translate technical manuals, software interfaces, and other materials.

• Finance and banking: The finance and banking sector relies heavily on translation services to communicate with clients and partners around the world.

• Legal: The legal sector also uses translation services extensively, as legal documents and contracts often need to be translated for use in different countries.

• Healthcare: The healthcare industry uses translation services to communicate with patients and to translate medical research and materials.

• Marketing and advertising: Companies in the marketing and advertising sector use translation services to reach global audiences and to adapt their materials for different cultures.

According to a report by Common Sense Advisory, the global translation market is expected to reach a value of $46.53 billion by 2022. This represents a compound annual growth rate of 5.5% from 2017, indicating a strong and steady demand for translation services.

In conclusion, the translation market is expected to continue growing in the coming years, driven by the increasing globalization of trade and communication, and the recognition of the importance of high-quality translations. Language pairs such as English to/from French, German, Spanish, and Arabic, and sectors such as technology, finance and banking, legal, healthcare, and marketing and advertising, are expected to be among the main users of translation services.

Read our related article: Outlook for 2023 in the translation industry