Overview of the Translation Services Market during the COVID-19 Pandemic

Abstract

The COVID-19 pandemic has greatly influenced the operation activities of many companies cutting their income, forcing them to shift to remote work enabling safety environment for employees and clients. Such constraints could not but affect the translation industry as well. This article focuses on the pandemic consequences for the industry regarding the demand for services and applied technologies in broad terms. Since the translation services market includes a wide range of players like large-scale companies together with freelancers providing different types of translations, it is of particular importance to evaluate all aspects of the problem. For this purpose, surveys conducted by international market research organizations have been studied. They show that one of the ways to address the crisis is to introduce new working methods, translation technologies, and innovations.