Translation Services in the US
Over the five years to 2019, 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 2024, 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.
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