Are you looking to add Translation Management to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Translation Management statistics of 2024.
My team and I scanned the entire web and collected all the most useful Translation Management stats on this page. You don’t need to check any other resource on the web for any Translation Management statistics. All are here only 🙂
How much of an impact will Translation Management have on your day-to-day? or the day-to-day of your business? Should you invest in Translation Management? We will answer all your Translation Management related questions here.
Please read the page carefully and don’t miss any word. 🙂
On this page, you’ll learn about the following:
Best Translation Management Statistics
☰ Use “CTRL+F” to quickly find statistics. There are total 70 Translation Management Statistics on this page 🙂Translation Management Market Statistics
- Europe owns nearly half of the global language services market at 49%, followed by North America at 39.41%. [0]
- The translation service market size grew by 40% during COVID. [0]
- According toGlobal Market Insights, the US market for machine translation can be found in the following sectors, and the market size of all sectors is expected to grow in the next 5 years. [0]
- Statistical Machine Translation alone contributed to more than 65.0% of the overall MT market revenue. [0]
- Within half a year of implementing a translation memory system, the digital marketing agency, Dataduck, could automatically translate 15% of their content using TM alone, which significantly reduced per. [0]
- According to the research report ” Translation Management Software Market by Deployment and Geography Forecast and Analysis 2021 2025 “, the market will witness a YOY growth of 13.72% in 2021 at a CAGR of 14.81% during the forecast period. [1]
- According to our report, the region will contribute 32% of the global market growth. [1]
- 2021 2025 USD 1.58 billion Market structure Fragmented YoY growth (%). [1]
Translation Management Software Statistics
- Translators estimate that using translation software can boost their productivity by at least 30%. [0]
- Using the right software can help cut translation costs by 90% that stem from human errors, unnecessary email communication, and time spent on uploading content and searching databases. [0]
- One company saw their productivity increase by up to 60% in their first 5 months of using translation software. [0]
- In fact, one of the latest translation software statistics shows that you can potentially reduce project length and cut costs by 90% by using the right tool. [2]
Translation Management Latest Statistics
- Approximately 42% of languages are endangered. [0]
- Out of all the continents, Asia has the most indigenous languages at 32%, closely followed by Africa at 30%. [0]
- The most widely used language on the internet is English, accounting for 25.3% of all internet content. [0]
- The second is Chinese at 19.8%, and third is Spanish at 8%. [0]
- A large scale behavioral study in 2014 showed that 75% of consumers are more likely to buy products from websites in their native language. [0]
- Around 40% of internet users said they will never buy from websites that are not in their native language. [0]
- 65% of non native English speakers prefer content in their native tongue, even though they are highly proficient in English. [0]
- Translating your website for these 4 countries is estimated to give you access to 50% of worldwide sales potential United States, China, Japan, and Germany. [0]
- Translating your website to the following languages enables you reach 80% of the online purchasing power globally. [0]
- Businesses that invested in translation were 1.5 times more likely to observe an increase in revenue. [0]
- Fortune 500 companies were reported to be 2.04 times more likely to improve profits and 1.27 times more likely to generate more earnings per share when they invested in translation. [0]
- 86% of localized mobile advertisements performed better than their English counterparts, showing a 22% and 42% increase in conversion and click. [0]
- In 2020, the demand for translation in healthcare increased by 49% due to the need to dispense COVID. [0]
- A 2020 survey involving 7,000 professional translators and interpreters found that 75% of respondents were self. [0]
- 66% of respondents in the same survey are females. [0]
- Another 2020 survey show that 93% of freelance translators have at least one degree, 39% of which are language degrees. [0]
- On average, female freelance translators charge 7% more per word than their male counterparts. [0]
- On the other hand, the men charge 5% more on minimum fees. [0]
- On average, freelance translators who are members of professional associations charge 30% more than those who are not. [0]
- On average, freelance translators with 1 to 2 narrow specializations charge 29% more than those without specialist areas. [0]
- Translation agencies are 2.5 times more likely to ask translators to lower their rates than direct clients. [0]
- 77% of freelance translators have received this request from agencies, while only 41% have heard the same from direct clients. [0]
- In one survey, 52% of respondents said that they have not acquired any formal translator or interpreter certifications in their native language. [0]
- The employment of translators and interpreters is expected to increase by 20% from 2019 to 2029, which far exceeds the average rate of 4% for all occupations. [0]
- According toU.S. News Best Jobs, the salary range for translators and interpreters in 2019 was as follows. [0]
- The freelance translation workforce reached a high of 14,362 people in 2020, and 58.2% of them are women. [0]
- A survey shows that 88% of full time professional translators use at least 1 CAT tool. [0]
- Out of them, 76% used more than 1 CAT tool. [0]
- Another company reported that projects managers spent 40% less time on localization. [0]
- According to a July 2020 report, the top performing MT provider in terms of likeness to human translation is Amazon. [0]
- Depending on the quality of the MT provided, some translators may charge only 50% to 70% of their regular translation rates for post. [0]
- Language service providers reported that the percentage of projects for end clients using machine translations climbed from 13% in 2019 to 24% in 2020. [0]
- A study assessed Google translations of medical instructions for patients and found that Spanish translations had the highest accuracy rate of 94%, followed by Tagalog (90%), and Korean (82.5%). [0]
- One study reported that 82.5% of professional translators used TM technology. [0]
- were to save time (86% agreed), ensure consistency in terminology (83%), and improve translation quality (70%). [0]
- Translators claimed a 10% to 60% increase in productivity when using TM. [0]
- Bernhard Beumer Maschinenfabrik KG, a multinational manufacturer of intralogistics systems, reported a 30% reduction in translation costs after using TM. [0]
- The translators used a minimum level of cognitive effort when working with fuzzy matches between 60% to 69% similarity. [0]
- Anything less than 60% cause their eye pupils to decrease in size, indicating a more focused effort on the task. [0]
- However, our recent deep dive into current translation industry trends found that 75% of consumers from non English speaking populations prefer to buy products in their native language. [2]
- More than 40% of our customers have partially automated their processes and are planning on increasing automation even further in the future. [3]
- Almost 90% of freelancers use the vendor portal to accept jobs, retrieve files and deliver final documents to the LSPs. [3]
- According to a 1972 report by the Director of Defense Research and Engineering , the feasibility of large scale MT was reestablished by the success of the Logos MT system in translating military manuals into Vietnamese during that conflict.[14]. [4]
- About 90% of an average text corresponds to these simple conditions. [4]
- But unfortunately, there’s the other 10%. [4]
- A shallow approach that involves “ask the user about each ambiguity” would, by Piron’s estimate, only automate about 25% of a professional translator’s job, leaving the harder 75% still to be done by a human. [4]
- Translation Management Software Market Scope Report Coverage Details Page number Base year Forecast period Growth momentum & CAGR Accelerate at a CAGR of 14.81% Market growth. [1]
- North America at 32% Key consumer countries US, China, UK, Japan, and Germany Competitive landscape Leading companies,. [1]
- sank 30% this week, according to S&P Global Market Intelligence. [1]
- Revenue was up 13% year over year to $58 million, beating analyst expectations for the period. [1]
- U.S. West Texas Intermediate crude dropped 49 cents, or 0.5%, to $104.87 a barrel after settling 3.3% higher on Thursday. [1]
- Approximately 989 million people in China now have access to the internet, roughly 98% of whom are mobile users. [5]
- China accounts for nearly 50% of app downloads across iOS and Android. [5]
- About 40% of internet users won’t ever buy from websites that aren’t in their native language and are just staying on your website if you translate content into their native tongue. [5]
- Even 65% of people with high proficiency in English would rather look up something online in their native language, even if it’s poor quality. [5]
- After all, 75% of consumers are more likely to buy the same brand again if the aftersales care is in their native language. [5]
- You can reach more people given that 76% of consumers would rather read product information in their native tongue. [5]
- In the EU, 44% of people can’t quite trust websites offering content in a language other than their first, fearing that they might miss crucial information. [5]
I know you want to use Translation Management Software, thus we made this list of best Translation Management Software. We also wrote about how to learn Translation Management Software and how to install Translation Management Software. Recently we wrote how to uninstall Translation Management Software for newbie users. Don’t forgot to check latest Translation Management statistics of 2024.
Reference
- redokun – https://redokun.com/blog/translation-statistics.
- yahoo – https://www.yahoo.com/now/translation-management-software-market-size-160000970.html.
- redokun – https://redokun.com/blog/translation-management-system-benefits.
- plunet – https://www.plunet.com/en/.
- wikipedia – https://en.wikipedia.org/wiki/Machine_translation.
- phrase – https://phrase.com/blog/posts/why-localization-is-about-survival-in-the-global-marketplace/.
How Useful is Translation Management
At its core, translation management is about more than just transforming text from one language to another. It involves a systematic and organized approach to the entire translation process, from initial project planning to final delivery. Through the use of translation management tools, organizations can streamline their translation workflows, ensure consistency in messaging across multiple languages, and maintain control over the quality and accuracy of their translations.
One of the key benefits of translation management is its ability to centralize translation resources and ensure uniformity in translated content. By utilizing translation memory and terminology databases, organizations can leverage previously translated materials to maintain consistency in messaging and terminology across all their translated content. This not only helps to reinforce brand identity and messaging but also streamlines the translation process by reducing duplication of effort and ensuring that translators have access to approved terminology and style guidelines.
Another important aspect of translation management is its role in enhancing the efficiency and speed of translation projects. Through the use of project management tools, organizations can track the progress of each translation project, monitor deadlines, and allocate resources effectively. This allows for quicker turnaround times on translation projects, enabling organizations to reach global audiences faster and respond promptly to changing market conditions or emerging opportunities.
In addition to improving efficiency and consistency, translation management also plays a vital role in ensuring the accuracy and quality of translated content. By incorporating quality assurance tools and processes into the translation workflow, organizations can identify and address potential errors or inconsistencies in translations before they are published. This helps to mitigate the risk of miscommunication or misunderstandings due to inaccurate translations, and ensures that the translated content reflects the intended meaning and tone of the original text.
Furthermore, translation management can also have a significant impact on cost savings for organizations. By automating routine tasks, such as file formatting, content extraction, and translation memory management, organizations can reduce manual labor and streamline their translation processes. This not only helps to lower translation costs but also frees up resources to focus on higher-value activities, such as strategic content localization or market-specific adaptations.
In conclusion, the usefulness of translation management cannot be overstated in today’s globalized world. By providing organizations with the tools and processes they need to effectively manage their translation projects, translation management enables them to reach and engage with diverse audiences on a global scale. From improving efficiency and consistency to ensuring accuracy and cost savings, translation management is a valuable asset for any organization looking to communicate effectively across languages and cultures.
In Conclusion
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