Access Business Analytics
See Other Business Confidence Survey Results
What factors are harming freelancers?
Inflation dominates the factors that have harmed linguists since the beginning of 2023, affecting more than three of out five respondents (60%). Nearly half (48%) cite as concerns competition from improved machine translation and over one-third (36%) competition from freelancers who are not professional linguists as concerns.
Are you optimistic or pessimistic? The survey results indicate a mixed sentiment within participants. While 39% expressed optimism, 26% leaned towards pessimism, and a significant 35% admitted to being unsure about their outlook. These diverse perspectives reflect the complex dynamics and uncertain future of the industry.
Confidence score: Translation services
The confidence scores for translation services and editing of machine translation showed differing trends from Q3 2020 to Q1 2023. The demand for machine translation editing is on a strong upward trend while translation experiences a slow downward trend, indicating a decrease in demand for human-only translation services.