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Translation Services in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Translation Services Market Research Report | NAICS 54193 | Jun 2014

In plain language: Increasing globalization and expansion overseas will drive demand

IBISWorld’s Translation Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 09-14
2.7%
Annual Growth 14-19
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Profit
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Employment
74,611
Businesses
52,596
Industry Analysis & Industry Trends

Despite the turbulent economy, the Translation Services industry has performed well over the past five years. As nonnative English speakers came to the United States and companies took products overseas, demand for translation services was driven upward. Though industry clients will continue to be price-, service- and quality- conscious, globalization and an increase in immigration will boost demand for industry services over the five years to 2019... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Translation Services industry is in the growth phase of its life cycle. During the 10 years to 2019, IBISWorld expects that the industry's value added (IVA), which measures its overall contribution to the economy, will increase at an average annual rate of 5.7%. This represents significantly faster growth than US GDP, which is forecast to grow at an annualized rate of 2.7% during the same period.

Since the 1990s, the internet has provided a platform for growth and many industry operators have built tools to capitalize on its possibilities. Furthermore, growth has received a boost from increasing immigration to the US from Latin American and Asian countries... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Translation Services Industry?

This industry includes companies that translate written material and interpret speech from one language to another. It also includes companies that provide sign language services. The services provided by this industry include document translation and website localization, which is the translation of website information into languages for use in other countries, taking into account any unique cultural and linguistic traits.

Industry Products
Written translation servicesInterpretation services
 
Industry Activities
Language interpretation servicesTranslation language servicesSign language servicesSpeech (i.e. language) interpretation services


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