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 2020... purchase to read more
Industry Report - Industry Products Chapter
Interpretation, which is estimated to account for 54.6% of industry revenue, represents the largest industry services. As opposed to translation, interpreters are used to translate language for speakers, rather than for literature, journals, or other forms of written communication. The government and professional organizations often use interpreters during international meetings. In addition, this segment includes revenue generate from the translation of subtitles in movies and television shows. This segment has grown as a share of revenue over the past five years.
Written translation services
Written translation services account for a substantial share of revenue, estimated at 41.7%... purchase to read more