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Translation & Interpretation Services in the US Procurement Price, Data and Insights
Written translators translate technical or general business documents from one language to another. Translation services also include the localization of products, services, and websites for international use. Interpreters provide in-person oral translation from one language to another during business transactions, interviews, and other engagements.
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What’s included in this market coverage
IBISWorld's research coverage on the Translation & Interpretation Services procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Translation & Interpretation Services market in the United States includes In-Person Simultaneous Interpretation, Video Remote Interpretation, In-Person Consecutive Interpretation, Telephone Interpretation and Sign Language Interpretation. Standard coding in this coverage includes ISIC-749-Other professional, scientific and technical activities n.e.c., NACE-74.30-Translation And Interpretation Activities, NAICS-541930-Translation and Interpretation Services and UNSPSC-82111804-Written translation services.
What common market terminology is included?
Common market terminology included in the Translation & Interpretation Services procurement coverage includes Localization (The process of adapting a product, service, or website to a particular language and culture to better suit a foreign market.), Computer-Aided Translation (CAT) Software (Software that translators can use to facilitate the translation process; also called computer-assisted translation.) and Turnaround (The length of time between the submission of a document and the receipt of the translated version of it.).
What companies are included as top suppliers?
The top companies covered in the Translation & Interpretation Services procurement report as suppliers are Propio LS LLC, Language Services Associates Inc., Rws Holdings Plc, Welocalize and Lionbridge Technologies, Inc..
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Translation & Interpretation Services market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per hour, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Translation & Interpretation Services market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Translation & Interpretation Services procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Translation & Interpretation Services market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Translation & Interpretation Services market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Translation & Interpretation Services?
The 2026 benchmark market price for Translation & Interpretation Services is $97.09 per hour. Prices have increased at a CAGR of 1.8 from 2023-26.
Who are the top vendors in the Translation & Interpretation Services market?
The top vendors in the Translation & Interpretation Services market include Propio LS LLC, Language Services Associates Inc., Rws Holdings Plc, Welocalize and Lionbridge Technologies, Inc..
What industries supply the Translation & Interpretation Services market?
The top industries supplying the Translation & Interpretation Services market are Computer & Packaged Software Wholesaling in the US, Computer Manufacturing in the US, Software Publishing in the US, IT Consulting in the US, Internet Service Providers in the US, Data Processing & Hosting Services in the US and Wired Telecommunications Carriers in the US.
What is the supply chain risk for Translation & Interpretation Services?
The low level of market share concentration ensures competition between vendors which promotes low prices and high-quality service. Translation and interpretation services involves a low level of market share concentration as there are thousands of smaller providers competing for business. Fragmentation in this market promotes buyer power by allowing buyers to engage in aggressive negotiations with prospective service providers. Buyers can maximize their negotiating position by inviting multiple vendors for competitive bidding.
What factors affect the price of Translation & Interpretation Services?
Work volume refers to the number of words for translation or the length of interpretation time. Service providers tend to charge a lower hourly rate for longer engagements such as a full-day of interpretation relative to a half-day of interpretation because fixed costs such as overhead are distributed across a larger order.
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