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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 2016

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 11-16
0.6%
Annual Growth 16-21
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Profit
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Employment
75,835
Businesses
54,599
Industry Analysis & Industry Trends

Despite the turbulent economy, the Translation Services industry has performed well over the past five years. As non-native 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 2021... purchase to read more

Industry Report - Industry Analysis Chapter

The Translation Services industry provides translations of written material and interprets speech from one language to another, including sign language. Industry services are varied and include document translation and website localization, which is the translation of website information into languages for use in other countries, taking into account unique cultural and linguistic traits.

The industry’s clients are many and varied. Government and legal clients, the industry’s largest market segment, use industry services to communicate with non-English speakers, especially for negotiating with foreign countries, communicating at international conferences and for interpreting local regulations in legal proceedings... 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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