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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 | Apr 2015

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

IBISWorld’s Translation Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 10-15
4.9%
Annual Growth 15-20
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Profit
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Employment
72,755
Businesses
53,691
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 Products Chapter

Interpretation

Interpretation, which is estimated to account for 54.6% of industry revenue, represents the largest industry services. As opposed to translation, interpreters are used to translate language for speakers, rather than for literature, journals, or other forms of written communication. The government and professional organizations often use interpreters during international meetings. In addition, this segment includes revenue generate from the translation of subtitles in movies and television shows. This segment has grown as a share of revenue over the past five years.

Written translation services

Written translation services account for a substantial share of revenue, estimated at 41.7%... 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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