Global localisation industry
According to the World Trade Organisation (WTO), world trade grew 43-fold between 1950 and 2021. Unsurprisingly, the translation industry has grown a lot, too. Back in 2009, for example, it was estimated to be worth USD $14.25 billion. It’s estimated to grow to USD $48.2 billion by 2028. Localization is a big part of this picture. This article will…
Our ideas of what the future of translation will be like are changing fast. AI-based machine translation, real-time interpretation tools, hybrid working… There’s a dizzying number of trends and technologies to think about. It’s obviously very difficult to predict the future for most industries, but there are future possibilities worth considering. In this blog post,…
It’s often said that translation is like a bridge. And like real bridges, it has developed a lot throughout history whilst still serving the same essential function. From discussions between tribal peoples to UN summits, translation and interpretation (spoken translation) have been bridging human societies since the dawn of time. By better understanding the history…
The internet is full of misattributed quotes. Here are two examples: The quotes may not be real, but the sentiment behind each one is. Translation project managers can confirm this… Without great organizational and interpersonal skills, they would be a lot less effective at their jobs. And without their job, the translation industry would be a lot less efficient. Let’s explore this crucial industry…
Below you will find the list of top deals of 2021/2022, where Lion People Global facilitated Buyer/Seller Introductions. We are proud to be part of the Intelligent Match and help make these important deals happen! Welocalize Buys NLG Next Level Globalization (NLG): An LSP in Germany with a focus in Life Sciences and Industrial Manufacturing…
Interpretation has been around longer than translation. Long before writing was invented, conversations were translated orally (i.e., interpretation) by third parties that knew both languages. Since 1945, it has split into two main kinds: consecutive and simultaneous interpretation. (See why this year is significant below…) Though there is a crossover between each type of interpretation, there are some big differences, too….
In his short story ‘The Great Automatic Grammatizator‘ (1953), Roald Dahl imagined a computer that can write stories better than humans can. The computer ends up writing “over half of all the novels and stories published in the English language.” The remaining human writers struggle to make a living… It’s estimated that the machine translation market…
Translation quality assurance is not easy to summarise. In fact, just explaining translation quality itself can feel a lot like opening Russian dolls. However, once the latter concept is understood, it follows that the former will make more sense. In the first half of this article, we will look at this. In the second half, we will look…
Not all industries are equally profitable. And not all areas of all industries are equally profitable either. The translation industry is no exception. Uniquely, the translation industry touches on almost every other industry. It also covers hundreds of language combinations, several different services, and a couple of different business models. So, the short answer to…
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