Today, we live in a globalized world, where many countries and societies are linked and connected through cultural exchanges. And for this purpose, translations are used as a medium of correspondence for multilingual adverts. Did you know the language service market is predicted to reach US$96.21 billion by the end of 2032.
But to have effective communication, we need to consider other factors, like how much translation services cost. But first, let us explain what translation is.
A little brief on translation:
The translation is the action of converting text from one language into another without hampering the original message and communication. Translation builds bridges between cultures. And to make that base we need skillful human translators or translation services.
Its importance:
Translation plays an important role and makes a difference in forming relationships, disseminating knowledge, and transmitting information worldwide. Before diving into the action of how much translation services cost and the factors determining translation services costs, we must know why translation services are essential.
Translation Services are essential because they allow two parties to communicate and exchange ideas from different countries.
One of the aspects of translation services is bringing different countries together and helping each other to understand each other. Translation Service Providers are more than just translating documents. They provide complete services to make your written documents in the targeted language, which is accessible in a manner that is respectable in the culture where it is introduced.
The role of translation services is commonly associated with the business world. And the vast majority of documents to be translated include contracts, business correspondence, marketing and sale promotional materials, product catalogs, reports, etc.
List of factors that determine translation services cost
The average price of a professional translation depends on multiple factors. It depends on the language pair restated, translation quality, turnaround time, and other factors. The cost of translations can vary depending on the language pair, the domain of content, the expertise involved, and the research needed, where some language combinations are more expensive than others.
Here is the list of factors that determine translation services cost:
1. Language Combination:
It is a distinguished factor in calculating the price of a translation project. Asian languages are more expensive as compared to Western European languages. Asian languages are costly because of the complexity of characters and the limited number of qualified linguistics.
2. The complexity of Subject:
Matter The role of subject matter experts in Technical Translation is significant. Technical Translations refer to translations, targeting specific audiences and not just the general public. So, when the content is particularly technical or considerable formatting is required, there may be additional translation charges, and it requires a subject matter expert or a more industry-specialized linguist who can relay the context most comprehensively.
3. Time-Frame:
The quantum of time required to complete the translation process also decides translation rates. Some translators charge extra money, also known as rush rate, when the content is time sensitive, like a press release that needs immediate publication.
4. Cost of Living of Translators:
The City or Country where the translator lives creates a huge impact on the translation project. It is an essential factor because the time and effort for a project must earn them enough money to cover their living cost and other activities. So, it is an essential point to keep in mind while calculating the translation costs for your project.
5. Types of Services:
For a translation project, a specific type of service can be requested and those services are Translation Only Service(TO), this service requires only one translator, and, its price is much lower than other services. Other than this there are Translation+Editing(TE), or Translation+Editing+Proofreading(TEP), and these services require more than two translators. Other services also include Quality Control by copywriters, etc.
These are some of the factors that determine translation services cost.
The standard process to get unmatched ROI guaranteed is TEP format service.
TEP: It is nothing but Translation + Editing + Proofreading. In this format ,each step is done by a different translator. Proofreading is done by a translator who has the highest expertise in the concerned domain.
How much do Translation services cost?
All the translation services’ costs may vary from each other. For instance- Subject Matter Expert translation can cost 50% to 100% more than the standard translation. The cost of a translation service for a specific industry-related translation such as medical translations can be costlier than ordinary translation.
Also, a localization management platform can mean the difference between paying for sub-par translation services vs. quality and trustworthy work. CAT Tools and Localization Tools are great for optimizing the translator’s time and effort.
According to various popular marketplaces, charges can differ according to language, expertise, and time. The translation service costs for translation agencies and freelancer prices are different. Human Translators also charge on an hourly basis. Hourly rate is not essential in direct translation services, as translators usually charge per word, but for revision and editing tasks, translators can accept hourly prices.
The Translation agency tends to price services according to the price per word multiplied by the word count. The final cost is grounded on the number of services required for the project.
Why is Naarg one of the best translation agencies for affordable translation services?
Naarg Data Media Services is known for its exceptional translation services. Naarg has expertise in making brands reach every corner of the globe. Naarg works with native language linguists around the globe, whether in India, Japan, Italy, London, Los Angeles, and many more locations, who have expertise in a specific domain. The linguists in Naarg were onboard with thorough tests.
Naarg follows stringent procedures to ensure that the client’s content is translated without losing touch with the source of the language. Naarg works with 150+ languages and more than 3000+ linguists, industry experts, and linguistic researchers. Working with Naarg is very beneficial as it provides- accurate contextual translation, swift turnaround times, better return on investment, content easier to update, and satisfied customers.
Naarg offers services in all Asian, European, African, and all other major languages in translation, localisation, dubbing, voice over, Metadata, Animation, Content development. In short we are a one stop solution for all digital media needs.
What are you waiting for? Conquer world by communicating with your audience in their language. Contact us today!
