Translation Services in the US - Industry Market Research Report

Saying hi: Industry profit is expected to remain despite increased internal competition

Translation services review and write up document and website translation, helping businesses and governments target new markets and analyze information from other countries. Revenue has been growing at an average annualized 6.5% over the past five years and is expected to total $10.3 billion in 2023 when revenue will jump by an estimated 6.1% and profit will reach 12.4%.

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's key players and their market shares.