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 2020... 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.
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