If you have any doubt that we humans live in a global economy, try assembling some furniture and flipping through the pages of multi-language instruction sheets. Meanwhile, events and actions in one part of the world can affect organizations and individuals worldwide. The Internet makes it easy for companies to expand beyond geographical boundaries. Online, customers can come from anywhere. Over 50% of Google searches are done in languages other than English, reports Internet World Stats.
People expect help in their native language. Did you know more than 7,150 languages exist in the world today, according to Ethnologue? From English and Chinese to Arabic, Russian, Spanish, Portuguese, and German, the list of languages with over 100 million speakers is not small. More and more businesses in the medical/healthcare, information/technology, legal, manufacturing, and travel/tourism fields are translating their printed materials into other languages.
Publishing translated documents in various languages for existing and new readers can substantially contribute to company revenues.
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- Fortune 500 firms have realized two times the profit improvement and generated 25% increases in earnings per share when their resources are translated, reports Tridindia.
- The size of the translation services market has increased by 40% since the COVID-19 pandemic.
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