Like its population, Montréal has a dynamic, diversified economy. The translation market has carved out an enviable place for itself in recent decades, which has earned the metropolis the nickname of the “translation capital of Canada.” This article presents some facts in brief about the growth of the translation market in Montréal.
The traditional translation market in Montréal
According to PricewaterhouseCoopers, Canada alone holds 10% of the global translation market. About half of the Canadian industry is based in Quebec, where the translation market accounts for nearly 2.5 billion dollars. If it has developed such a substantial translation market, this is in large part due to Canada’s Official Languages Act, which will celebrate its 50th anniversary in 2019. This law created a high demand for translation into both official languages, especially for the government. In fact, it’s estimated that the government market accounts for one-third of the translation market in the country. Translation agencies in Montréal continue this tradition today by offering their services to the different levels of government. However, budget cuts in the public sector have encouraged agencies to diversify their offerings and to turn more to the private sector.
Globalization and translation
With globalization, we’re noticing that foreign languages such as Spanish and Mandarin are increasingly in demand. Translation agencies in Montréal must therefore adapt and expand their offerings to include multilingual translation. Several agencies have also begun to export their services beyond our borders. But globalization doesn’t only have its good sides, because the competition coming from other countries (particularly emerging countries) is exerting downward pressure on rates. However, the translations that come from these other countries are generally not well suited to the purposes of Quebec. That’s why translation agencies in Montréal must redouble their efforts to demonstrate the added value of their services.
The future of translation
Faced with increased competition, translation agencies in Montréal must now stand out with their turnkey offerings and their customer service. “At SLRR Translation Agency, customer service is at the forefront. Our clients are partners with whom we maintain pleasant relationships and build long-term partnerships. Our exemplary customer service is undoubtedly the pillar of our growth,” affirms Raphaële Rinfret, President and Associate at SLRR Translation Agency. In addition, complementary services are now coupled with translation, such as copywriting. Digital technologies are also creating new demands, such as the translation of content for social media and online marketing.
Are you looking for translation services in Montréal? Look no further: SLRR Translation Agency has the solution you need!
