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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 | Jun 2014

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

IBISWorld’s Translation Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 09-14
2.7%
Annual Growth 14-19
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Profit
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Employment
74,611
Businesses
52,596
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 2019... purchase to read more

Industry Report - Starting a New Business Chapter

Overall, there are few barriers to entry at the lower end of this industry. Translators basically need to be proficient in at least two languages to translate relatively easy documents, such as non-legal correspondence. Many start by working at home using their home office equipment, operating on a freelance or part-time basis. Where more advanced translations are carried out, the industry is moving towards a requirement for its employees to have post-graduate qualifications in at least three official languages to ensure maximum and effective use of their time and skills. Proficiency in four languages is increasingly becoming the norm for international translators... 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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