With the upcoming launch of the United Kingdom and France data sets, I can’t help but be excited to compare the internet space in France, England, and the United States. The internet is absolutely global, as anyone at facebook.com will tell you, but how exactly do the nuances and cultures of a country affect the interconnecting web that we use so often? I guess we will have to wait and see.
In preparation for the international launch of compete.com, I have been brushing up on my translation skills. So I decided to do some digging into the online translation and dictionary industries. I found some very interesting statistics on the websites, how they target their industries, and which sites are having great success in the online marketplace.
Since online translation has become a free service, many of the translation sites drive revenues with professional large text translations, which are particularly difficult due to the gaps in the ability to transfer ideas between languages. As an example, the idea of love has four different words in Greek, each having a different meaning. Sites will also sell applications for translation, such as Babylon.com’s array of dictionaries, or Livemocha.com’s private instruction sessions. Probably the most renowned language learning program is Rosetta Stone, but since it is a non-web based application, is irrelevant to the discussion of internet based translation and language learning.
Many of the sites that offer free translation services have become niche sites. Wordreference.com, which is an all language site, is in high competition for Spanish translation with spanishdict.com, who is a direct competitor. With compete.com data, we can see the growing traffic that these sites are receiving from the US:
As the internet becomes more popular and widely used on the planet, I would definitely expect translation sites to continue to grow.
From the category perspective we can see the growth of the translation industry as a whole, and view the top movers in the past month:
The industry has grown almost 200% in the past two years. This will continue to rise as internet becomes more widely used and continues to connect people of many different languages.
Once the international data has been released, we will be able to take a deep dive into the international sites. Seeing the growth of a site that is backed by a large venture capital company on the international plan would be an incredible case study on how websites grow and are able to succeed in today’s marketplace.