THE TRANSLATION INDUSTRY IS BOOMING! TOP 3 INDUSTRIES THAT BENEFIT FROM LANGUAGE SERVICES
By helping businesses, companies and people all around the world communicate effectively, the language service sector is currently one of the most powerful up-and-coming industries.
As the necessity for global communications continues to grow with the pace of international business, translation and interpreting services are on track to get even more popular.
But have you ever wondered which are the industries that benefit most from these services? Let’s get a quick insight into three of them!
#1 Banking, Finance and Insurance
The financial services industry is dominated by large, multinational brands which use b2b market research to build and maintain a competitive edge. This sector facilitates the management of money and includes banks, credit and lending companies and insurance companies, as well as those companies providing services and technology to support them.
As it plays an essential role in the global trading environment, communications in this industry must be done in a very clear and effective way in order to attain new customers in foreign countries and achieve a high level of consistency. Accurate translation of financial documents, forms and transactions help this industry to meet the expectations of their clients and customers easily, wherever they are, and of course, strengthen relationships and trust with potential clients.
A significant proportion of manufacturing companies make use of outsourcing to other manufacturers overseas. Besides, global manufacturing companies aren’t just producing products in one place and shipping them out across the world -- they are looking to develop international production and distribution channels with manufacturing centers closer to their intended audience.
Whether dealing with technical drawings or instruction manuals, translation is needed to help these two parties communicate clearly and effectively, but also to communicate with potential investors and purchasers. From data sheets and legal documentation to product descriptions and operating instructions, manufacturing translation can break down these barriers and remove the obstacles for effective communications.
#3 Healthcare, Pharmaceuticals and Medical
The healthcare, pharmaceutical and medical industry is global, and translation is required for everything, from dosage instructions on medicines to patient notes. However, it’s not just translation that has become an important player in the health services industry; interpreting and transcription are also invaluable services.
Interpreting is becoming increasingly in demand in some countries, especially in those where a significant proportion of the population does not speak the native language. This is not a job that can be done by anyone either -- it requires highly trained and experienced professional interpreters (specialized in this sector so as to be able to do the work with the required accuracy). They are trained to clearly communicate between the doctor and patient and must have the best possible knowledge of the words and the language used in this medical setting. Taking into account that someone’s life could be at risk, an error in the language used in the text could lead to serious consequences!
The list of industries that benefit from professional language services can go on and on. Can you think of any more industries where translation services are essential?