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Translation Services Procurement Research Report | Published: Dec 2016

Helping businesses make better purchasing decisions, faster

Translation Services: Procurement Research Report Highlights

Benchmark Price RFP/RFQ/Negotiation Questions
3-year Price Forecast Supply Chain Analysis
Supplier Intelligence Sample Buyer Decision Scorecard
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IBISWorld’s Translation Services Procurement Research Report is a comprehensive guide to purchasing Translation Services. This report offers strategic analysis of the factors influencing purchasing decisions, including price trends and three-year forecasts, input costs and demand factors, along with key suppliers and an analysis of the extended supply chain. Armed with the right procurement intelligence, your company will be able to make educated purchasing decisions.

Report Snapshot
Price Forecast & Benchmarking
Benchmark Price
Benchmark Price
Price Change 13-16
IBISWorld Buyer
Power Score
X.X
Profit Benchmark
Profit Benchmark
Price Change 16-19
Price Change
Translation Services - Recent Price Trend

The price of translation services has grown at an estimated average annual rate of 3.8% from 2013 to 2016. Moderate price growth has had a negative effect on buyer power. Fortunately for buyers, price growth has been steady during the period despite moderate fluctuations in demand drivers. Low price volatility benefits buyers by helping them more accurately budget for purchases.Most of the... purchase to read more

Translation Services - Total Cost of Ownership

The total cost of ownership for translation services is low in relation to the benchmark price. There are no hidden costs associated with these services, making the total cost discernible from the onset of the service agreement. The only related cost that is common among suppliers is the cost of travel when in-person interpreters are needed. Rates vary from supplier to supplier, but buyers can... purchase to read more

 


About This ReportRelated ReportsTable of Contents

This report is intended to assist buyers of oral and written translation services for business use. Written translators translate technical or general business documents from one language to another. Interpreters provide in-person oral translation from one language to another during business transactions, interviews and other engagements. Translation services also include the localization of products, services and websites for international use.



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