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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 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
$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 - Industry Investment Chapter

The Translation Services industry has a low level of capital intensity. IBISWorld estimates that for every $1.00 spent on labor in 2014, industry operators will allocate an average of $0.05 on capital equipment. In nearly all cases, industry operators use computers and relevant software to aid the translation process. Although translation memory and computer-assisted translation programs can be used to increase productivity, industry services remain heavily reliant on labor. The industry is knowledge and skill intensive and requires direct human involvement in many areas of the translation process, which translates into high reliance on labor... 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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