What is the Situation in the Translation Industry?

 

According to the EU Translation Center, where all EU legislation is translated into all official languages, the world’s translation industry has an annual volume of around 50 billion dollars. The translation industry encompasses not only popular areas such as book translation, visual broadcasting, subtitling, and dubbing, but also a wide area ranging from international trade to law, from industrial production to the defense industry, from the software industry to advertising. At the same time, translation technologies are one of the infrastructures in which multinational world giant companies make significant investments. Recently, a new work is added to the studies carried out in the field of translation in the world every day.

The field of translation, which has started to be accepted as a discipline in the international arena in the last 50 years, has started to become a field that has standards, international communities and continues to grow. There are legal regulations on translator rights in many countries from Australia to Europe, and as a respected profession, it is among the 100 most recognized professions in many studies.

While blockchain technologies and Metaverse are gradually taking their place in our lives, the value given to communication is increasing day by day as the whole world begins to gather in a common area, and new opportunities are emerging for the field of translation. Today, the number of translators providing professional services from their home is at a level that cannot be underestimated, and international translation companies that have grown with innovative technologies and high-quality management in the future of the translation industry are also growing faster than ever with these technological opportunities.

According to our predictions, with the disappearance of borders in the digital world in the near future, it is inevitable that new opportunities and new standards will come to the translation industry. We believe that it will be possible to transfer official translation transactions to digital quickly and safely, with systems that can carry out many transactions digitally and with the help of new developing technologies, secure digital protocols and smart contracts, and we are already trying to update our infrastructure accordingly.

According to our predictions, with the disappearance of borders in the digital world in the near future, it is inevitable that new opportunities and new standards will come to the translation industry. We believe that it will be possible to transfer official translation transactions to digital quickly and safely, with systems that can carry out many transactions digitally and with the help of new developing technologies, secure digital protocols and smart contracts, and we are already trying to update our infrastructure accordingly.

According to our predictions, with the disappearance of borders in the digital world in the near future, it is inevitable that new opportunities and new standards will come to the translation industry. We believe that it will be possible to transfer official translation transactions to digital quickly and safely, with systems that can carry out many transactions digitally and with the help of new developing technologies, secure digital protocols and smart contracts, and we are already trying to update our infrastructure accordingly.

According to our predictions, with the disappearance of borders in the digital world in the near future, it is inevitable that new opportunities and new standards will come to the translation industry. We believe that it will be possible to transfer official translation transactions to digital quickly and safely, with systems that can carry out many transactions digitally and with the help of new developing technologies, secure digital protocols and smart contracts, and we are already trying to update our infrastructure accordingly.

According to our predictions, with the disappearance of borders in the digital world in the near future, it is inevitable that new opportunities and new standards will come to the translation industry. We believe that it will be possible to transfer official translation transactions to digital quickly and safely, with systems that can carry out many transactions digitally and with the help of new developing technologies, secure digital protocols and smart contracts, and we are already trying to update our infrastructure accordingly.

According to our predictions, with the disappearance of borders in the digital world in the near future, it is inevitable that new opportunities and new standards will come to the translation industry. We believe that it will be possible to transfer official translation transactions to digital quickly and safely, with systems that can carry out many transactions digitally and with the help of new developing technologies, secure digital protocols and smart contracts, and we are already trying to update our infrastructure accordingly.

According to our predictions, with the disappearance of borders in the digital world in the near future, it is inevitable that new opportunities and new standards will come to the translation industry. We believe that it will be possible to transfer official translation transactions to digital quickly and safely, with systems that can carry out many transactions digitally and with the help of new developing technologies, secure digital protocols and smart contracts, and we are already trying to update our infrastructure accordingly.