{"id":1570,"date":"2020-11-26T09:28:48","date_gmt":"2020-11-26T03:58:48","guid":{"rendered":"https:\/\/www.ulatus.com\/translation-blog\/?p=1570"},"modified":"2020-12-18T09:35:20","modified_gmt":"2020-12-18T04:05:20","slug":"cyber-security-translation-and-localization","status":"publish","type":"post","link":"https:\/\/www.ulatus.com\/translation-blog\/cyber-security-translation-and-localization\/","title":{"rendered":"Translation and Capturing the Asian Cyber Security Market"},"content":{"rendered":"<p>In 2019, the International Monetary Fund (IMF) estimated the global economic growth at 2.9%. In 2020, despite COVID-19, the IMF estimates a growth of around <strong>4%<\/strong> an unexpected improvement. However, these growth rates seem to be dwarfed by certain technology-driven markets. One of the frontrunners in this regard is the Blockchain industry. Different sources have quoted varied but flattering estimates for the growth of Blockchain in the coming years. The expected CAGR (Compound Annual Growth Rate) for blockchain, regardless of the source, is above 80% by 2023. This growth is furthered by online dependencies spurred by COVID-19. In this article, we look at certain Asian Markets and how translation can be a catalyst to enable companies to enter and thrive in these markets.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-flat ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.ulatus.com\/translation-blog\/cyber-security-translation-and-localization\/#Japan_embraces_BlockChain_but_with_caution\" >Japan embraces BlockChain but with caution<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.ulatus.com\/translation-blog\/cyber-security-translation-and-localization\/#A_government-backed_China\" >A government-backed China<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.ulatus.com\/translation-blog\/cyber-security-translation-and-localization\/#Other_Asian_markets\" >Other Asian markets<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.ulatus.com\/translation-blog\/cyber-security-translation-and-localization\/#How_translation_can_give_western_cybersecurity_and_blockchain_a_boost\" >How translation can give western cybersecurity and blockchain a boost.<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.ulatus.com\/translation-blog\/cyber-security-translation-and-localization\/#The_inclusion_of_culture\" >The inclusion of culture<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.ulatus.com\/translation-blog\/cyber-security-translation-and-localization\/#Reaching_out_to_the_market\" >Reaching out to the market<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.ulatus.com\/translation-blog\/cyber-security-translation-and-localization\/#Educating_the_workforce\" >Educating the workforce<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.ulatus.com\/translation-blog\/cyber-security-translation-and-localization\/#Communication_and_convenience\" >Communication and convenience<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Japan_embraces_BlockChain_but_with_caution\"><\/span>Japan embraces BlockChain but with caution<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Japan has been known to lead technological innovations and strive to always be updated with the latest tech. Cybersecurity and Blockchain are no exception to Japan\u2019s plan. The country has seen a rise of several implementations of Blockchain, and with the changing dynamics influenced by COVID-19, blockchain developments are being pushed at a faster rate to universities as well. Japan doesn\u2019t have enough local players, though, and with blockchain being as young as it is, they are willing to welcome Western players to speed things up.<\/p>\n<p>That being said, with the hack on Coincheck in 2018, Japan has felt the need to protect its customers and seen reasons to be cautious. The experience with Coincheck has left its mark, and while Japan would like to continue being the global leader in this technology, the incident has forced measures that are road bumps.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"A_government-backed_China\"><\/span>A government-backed China<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In the earlier stages of blockchain development, China was among the naysayers. They banned over 80 cryptocurrency players and deemed it a possible risk. However, in October 2019, China\u2019s President, Xi Jinping, announced that China would invest in blockchain and should lead the way in the industry. While it is unlikely that China will loosen the noose on foreign players entering the cryptocurrency markets, blockchain has several other use cases involving data privacy and protection.<\/p>\n<p>China has an estimated 5,000 blockchain developers, which is certainly lower than the US, as well as its neighbor, India. It\u2019s no surprise that there will be international help required for China to meet its goal of setting the blockchain standard, and that is sweet news to international blockchain companies.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Other_Asian_markets\"><\/span>Other Asian markets<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While Singapore is fairly developed in its position of blockchain, several other countries also show promise and market potential. UAE, India, and Malaysia are also in the development stage and are promising markets for the blockchain industry. Data security and privacy have become the need of the hour during these times, and countries with developing economies could see blockchain as a useful resource for stability and growth.<\/p>\n<h1><span class=\"ez-toc-section\" id=\"How_translation_can_give_western_cybersecurity_and_blockchain_a_boost\"><\/span>How translation can give western cybersecurity and blockchain a boost.<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p>The demand for Cybersecurity has certainly risen due to the pandemic, and an increasing number of clients from the industry have approached us for help. Here\u2019s how we help them and why more companies should consider working with a translation company earlier than later.<\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"The_inclusion_of_culture\"><\/span>The inclusion of culture<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p>If you do not have experience working with Chinese or Japanese clients, it might be difficult for you to get a positive response or win favor with clients. Cultural nuances need to be taken care of in communication, and attention to detail is very important. We\u2019ve helped our clients shape their approach so that it fits well within the culture of the target market before investing resources for outreach.<\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Reaching_out_to_the_market\"><\/span>Reaching out to the market<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p>What is the best way to connect with your target market? Collaterals such as websites, software, brochures, etc., are often vetted before choosing a vendor. Apt translation and market knowledge will help you get noticed.<\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Educating_the_workforce\"><\/span>Educating the workforce<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p>Manuals and training documents are part and parcel of this industry, and communication and directives are plenty. A good translator can help standardize this information and can reduce miscommunication and human errors.<\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Communication_and_convenience\"><\/span>Communication and convenience<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p>When working with clients from countries like Japan or China, communication in the local language is an absolute requisite. Ongoing communication should be expected, and depending on your volumes, a good translation solutions provider would be a cheaper alternative. Should you choose to employ in-house translators, working with a translation expert will enable you to pick the right people for the role as well.<\/p>\n<p>Global Cybersecurity is moving quickly, and Asia is geared up to be the hotbed of this growth. As several players in the market hustle to get the largest foothold, translation can help reduce the barriers to growth and be a differentiating factor. The future of blockchain looks bright but a tad uncertain too. It\u2019s going to be an interesting decade to see how this industry pans out.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2019, the International Monetary Fund (IMF) estimated the global economic growth at 2.9%. In 2020, despite COVID-19, the IMF estimates a growth of around 4% an unexpected improvement. However, these growth rates seem to be dwarfed by certain technology-driven markets. One of the frontrunners in this regard is the Blockchain industry. Different sources have [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[97],"tags":[330,367,98],"class_list":["post-1570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-translation","tag-cyber-security-localization","tag-cyber-security-translation","tag-translation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cyber Security Translation and Localization |Ulatus<\/title>\n<meta name=\"description\" content=\"Our cyber security localization services will help you launch your product to a global market. 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We seek to share meaningful content that will help you communicate to audiences in whole new locations in their preferred language. Our content covers a variety of industries and international business topics that we think would be useful to those looking to grow beyond their regional borders. Subscribe or leave us some feedback on what you think would make our content even better About Us Ulatus, a Crimson Interactive company, is a trusted brand for professional localization services. We established in 2005, with a mission to eliminate language as a barrier to globalization. We empower companies with quality and customizable localization solutions that drive continuous business growth through effective communication coupled with the latest in technology. What sets us apart? We work with 3000+ linguists to provide subject area expertise in 200+ languages. Our state-of-the-art technology and robust ISO-certified Quality Control Processes ensure positive experiences and impactful results for all our clients. 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