Covid-19 has greatly influenced businesses around the world. From 2023-24 till date, things have changed a lot for the translation industry just like any other sector. Fortunately, unlike other industries that suffered great losses during the pandemic, things are going well for the translation business.

The translation market has experienced great growth in 2023, and the future seems even brighter. So, what should we expect from the translation industry in 2023-24?

New opportunities are opening up for translation business on a global scale. Businesses are investing in translations, and the demand for localized brands is higher than ever before. It seems like translation industry trends are going to dominate the business world in the coming years.

In this blog post, we’ll analyze the translation industry trends, demands, market size, innovations, and future predictions. So, let’s get right into it.

How Big Is the Translation Industry?

Market Size

In 2023, the global translation market size is valued at around $39.37 billion which is expected to increase to $46.22 billion by the year 2028. Global expansion of businesses leads to higher translation service demand worldwide.

Today, doing business is all about communicating and content publishing – that too in multiple languages. To be able to efficiently communicate with your customers, employees, and business partners internationally, it is important for companies to translate their content into multiple languages.

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Source: Marshub.com