Translation Services in the US - Industry Market Research Report

Translation Services in the US - Industry Market Research Report

  • April 2017
  • 34 pages
  • Ibisworld
Report ID: 184493
In plain language: Increasing globalization and expansion overseas will drive demand

Translation Services in the US

In the early part of the current period, revenue for the Translation Services industry declined every year as a result of decreased government spending. At the federal level, this was a result of the winding down of operations in Iraq and Afghanistan, while state and local governments cut back spending due to continued budget difficulties. Despite its recent struggles, the industry is expected to grow on account of rising globalization and the continued movement toward internet commerce, as companies look to cash in on an increasingly global marketplace.

Over the five years to 2022, 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 turn to this industry to provide localization services.

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

MAJOR COMPANIES
Lionbridge Technologies Inc.
TelePerformance
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Country=UnitedStates Industry=Software ParentIndustry=Software Date=201704 Topic=MarketReport Publisher=Ibisworld Price=1000