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 Locations Chapter
Services providers in the Translation Services industry are particularly concentrated in the Mid-Atlantic, Southeast and West regions. These regions tend to have large populations of non-English speaking persons. Furthermore, they contain the head offices of major global companies, including from the IT, finance and medical research industries, which are major clients to this industry.
Due to the small size and freelance basis of operation of skilled translators, most regions contain a large number of small operators. Consequently, the geographic concentration is not expected to change over time.
The primary reason for the West having a large number of industry offices is that the region has a large Spanish-speaking population... purchase to read more