Chinese Translation Services In The UK
The language service provider (LSP) industry is overgrowing as globalisation continues to create new market opportunities worldwide. The translation industry trends are revealing a growing but also more competitive market. These markets require translation agencies to provide a wide range of comprehensive services. This includes more language pairs and native language speakers to meet the demand for unique language combinations. Chinese translation services is just one example!
Language Services Provider (LSP) Industry Data in the United Kingdom
As the second-largest language services market globally, the industry in the United Kingdom follows the global trends. The UK’s language and translation services industry reached £35 billion in 2018, and the outlook remains strong.
According to the Association of Translation Companies’ language industry report, 1,200 translation companies provide various language services to the UK’s private and public sectors. The report states, “Their revenues contribute £1.2 billion per annum to the economy and provide employment for over 12,000 staff. The added value language service companies generate for the UK’s economy through the growth of international trade far surpasses the numerical data.”
Unfortunately, the report also noted there was a decline in foreign language learning in the UK. Therefore, the demand for native speakers and professional translators has increased to serve the growing market. Moreover, the ATC report included a recent survey by the Institute of Directors (IoD) Going Global Trends in Trade. IoD surveyed its members to determine the average number of markets served. The survey instructions were clear that the entire European Union (EU) is one market. Shockingly, only 10% did business in only one market. Proving the trend of increased globalisation, 44% of the survey respondents sell in 2-5 markets, and 30% sell to over 11 markets.
Providing information and content in the native languages of these international markets provides a competitive edge. Beyond that, savvy consumers with their plethora of choices often expect personalised service in today’s competitive marketplace. Translating your content into the most translated languages in your key markets is a wise business investment.
How Important are Chinese Translation Services In The UK?
Unlike other languages, having Chinese translation services on hand is key to remaining competitive. In other words, businesses find it essential to serve an ever diversifying customer base like China. Chinese is particularly the oldest and most commonly spoken language in the world with approximately 1.3 billion speakers globally. Moreover, Mandarin Chinese is one of the six official languages of the United Nations. Chinese has spread throughout the world and is a popular second language in many countries. With two main dialects Mandarin and Cantonese and additional regional differences, the risks of improper translation can be dire.
Now, there are many reasons to expand your product or services to Chinese-speakers. A study by Indeed.com in 2019, a global recruitment company, concluded that demand for Chinese (both Mandarin and Cantonese) speakers in the UK grew the most over the past three years. In fact, Chinese rose from the fifth most-required language requested to the third. As a result, the number of jobs for Chinese-speakers likewise increased by more than a third since 2016.
Obviously, the significant market potential size, both in number of prospective customers and their increasing level of disposable income is a primary reason for this increase in demand for Chinese language skills. Therefore, it is critical to only entrust your Chinese translation project to a professional translation agency. For example, if you are translating from Chinese to British English, you want your translator to be a native British speaker, fluent in Chinese and familiar with the subject matter. On the other hand, If you wish to translate from English to Chinese, the translator must be a native Chinese speaker that is fluent in English and familiar with the topic and your unique translation goals.
Renaissance Translations’ Chinese Translation Services
Renaissance Translations has deep expertise in Chinese translation services. Although we frequently translate from English to Chinese, we have the potential to translate other infrequent language pairs such as Chinese to French or Chinese to Arabic. Let’s discuss your Chinese language project goals today.