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 Analysis Chapter
Throughout the recession, the Translation Services industry experienced slow growth. Demand for security-based translation services increased significantly following September 11; however, the recent economic crisis reduced industry growth. As corporate profit fell, many clients shifted their focus from international expansion to cutting costs and saving profit margins. Nevertheless, the industry has experienced annualized revenue growth of 2.4% to $3.2 billion in the five years to 2013.
Industry operators provide translation and interpretation services, translating documents into their native language, but generally not from their native language to another. Governments and businesses use Interpretation (i.e... purchase to read more