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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 | Jul 2013

Translating to revenue: Increasing globalization and expansion overseas will drive demand

IBISWorld’s Translation Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 08-13
2.4%
Annual Growth 13-18
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Profit
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Employment
64,720
Businesses
49,405
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

 


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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