Industry Analysis & Industry Trends
Internet translates to revenue
This industry translates has experienced growth, despite the turbulent economy over the last five years. As non-native English speakers came to the United States and companies took products overseas the need for translation services was driven upward. Industry clients will continue to be price, service and quality conscious. Globalization and an increase in immigration will keep the industry in demand for the coming years... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
This industry is estimated by IBISWorld to have recently moved from the growth phase to the mature phase of its industry life cycle. 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. In the 10 years to 2018, industry value added, which measures the industry's contribution to GDP, is forecast to increase an annualized 4.7%, compared with GDP growth of 2.1% during the same period.
Industry operators are facing increased competition from overseas service operators and companies that have their own in-house translation departments... purchase to read more