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Translation Services in the US - Industry Market Research Report

Translation Services in the US

Over the five years to 2018, demand for industry operators' services were somewhat stifled during the period as a result of slower government investment. However, a growing immigrant population, increased trips to the US by foreigners and increased global business activity have led to increased demand for the translation and interpreting services provided by industry operators. Combined with the rising use of technology in industry services and the internet providing operators with growth opportunities, industry revenue grew during the period. Over the five years to 2023, the industry is forecast to grow in line with an improving economy, greater globalization and beneficial immigration patterns. As companies focus on international growth, they will also turn to this industry to provide localization services for their websites.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.


ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

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