Isn’t the translation industry threatened with extinction in times of Google Translate & Co? Current figures on market development say otherwise. There are more than 27,000 active players in the market who generate a global turnover of 24 billion dollars.
REUTLINGEN. Independent market research firm CSA Research has ranked the Transline Group as the 8th largest language service provider in Western Europe. The annual ranking is based on verified sales and is the result of comprehensive data collection in the language services and translation technology industry. And this industry still has a bright future: “Especially in times of digitalization, language experts facilitate global experiences across borders. As good content also needs to reach people emotionally, it calls for intuition and empathy – something a machine can’t do,” says Transline CEO Katja Schabert.
In fact, despite the pandemic and two very challenging years, Transline has fared well: “With sales at the same level as the previous year within the group, we can be very happy,” says Katja Schabert. “We lost quite a few of our smaller customers during Corona, and orders from the mechanical engineering sector were also down. But we were able to compensate for that largely by focusing on high-expansion sectors such as e-commerce and medical technology at an early stage. The company expects sales to grow by 10 percent in 2021, and already surprises with a mid-year result that significantly exceeds expectations and the global industry forecast with an increase of almost 18 percent.
The Transline Group has been thriving in the highly competitive market for more than 35 years. Thanks to its adaptable, innovative processes and its multi-award-winning service, the company remains close to its customers. The synergies of its five sister companies ensure that the comprehensive requirements of globally active companies are fully covered. As well as translations relating to technology and life sciences, the company’s linguistic specialties also include patents, software and SAP, e-commerce, marketing, and multimedia content.
“People prefer to communicate and interact in their own native language. This is what motivates language service and technology providers and makes them indispensable. The translation market is growing because it is actively participating in the global digital transformation: helping companies and governments alike to constantly optimize the user experience in an increasingly globalized world,” says Dr. Donald A. DePalma, Chief Research Officer of CSA Research, commenting on the study results.
Transline. Translation – key to understanding.
For over 35 years, Transline has been helping to develop global markets – with highly professional translations for internationally active companies. More than 150 employees in Europe and 5,000 specialized translators worldwide make Transline one of the largest translation service providers in Germany. The teams are at home in over 160 languages, delivering excellent, expert translations and culturally authentic texts. Transline’s customers include many large global companies who appreciate the quality of the translations, the outstanding IT-driven project management, and the speed with which the company implements projects. Katja Schabert is the CEO of Transline Deutschland GmbH.
About CSA Research
CSA Research, formerly Common Sense Advisory, is an independent market research company specializing in the language services industry. It provides data-driven research on globalization, internationalization, localization, interpreting and translation technology.
http://www.csa-research.com | @CSA_Research
Press Contact:
Transline Deutschland GmbH
Stefanie Bartos-Scott
Am Heilbrunnen 47
72766 Reutlingen, Germany
Tel.: +49 7121 9463-318
Fax: +49 7121 9463-150
Email: sbartos-scott@transline.de
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