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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

The Translation Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 Locations Chapter

Services providers in the Translation Services industry are particularly concentrated in the Mid-Atlantic, Southeast and West regions. These regions tend to have large populations of non-English speaking persons. Furthermore, they contain the head offices of major global companies, including from the IT, finance and medical research industries, which are major clients to this industry.

Due to the small size and freelance basis of operation of skilled translators, most regions contain a large number of small operators. Consequently, the geographic concentration is not expected to change over time.

West

The primary reason for the West having a large number of industry offices is that the region has a large Spanish-speaking population... 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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