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2018 Market Analysis & Industry Outlook: Translation & Interpretation Services


Overview: the U.S. Translation & Interpretation Services Industry

This section provides answers to key questions about the industry:

  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?


Market Size & Industry Statistics

The total U.S. industry market size for Translation & Interpretation Services: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.



market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Product & Services Breakdown

Research products and services in the Translation & Interpretation Services industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Translation And Interpretation Services

Translation Services

Interpretation Services



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Translation & Interpretation Services company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Translation & Interpretation Services industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Translation & Interpretation Services measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 4%

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Chief Executives0%
General and Operations Managers2%
Business and Financial Operations Occupations 8%
Business Operations Specialists 6%
Arts, Design, Entertainment, Sports, and Media Occupations 9%
Media and Communication Equipment Workers 5%
Photographers 5%
Photographers 5%
Healthcare Practitioners and Technical Occupations 23%
Health Diagnosing and Treating Practitioners 9%
Veterinarians 9%
Veterinarians 9%
Health Technologists and Technicians 14%
Health Practitioner Support Technologists and Technicians 14%
Veterinary Technologists and Technicians 14%
Healthcare Support Occupations 10%
Other Healthcare Support Occupations 10%
Miscellaneous Healthcare Support Occupations 10%
Veterinary Assistants and Laboratory Animal Caretakers 10%
Office and Administrative Support Occupations 27%
Information and Record Clerks 16%
Interviewers, Except Eligibility and Loan 5%
Interviewers, Except Eligibility and Loan 5%
Receptionists and Information Clerks 8%
Receptionists and Information Clerks 8%
Source: Bureau of Labor Statistics


Translation & Interpretation Services Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate









Innovation News

  • Purple Communications patents Gesture-based Control And Usage Of Video Relay Service Communications - 02/15/2018
  • Purple Communications trademarks "POWERED BY PURPLE" - Providing transmission of information to persons who are deaf and hard-of-hearing individual via the Internet, telephone and wireless devices; telecommunications relay service using on screen video and text for deaf and hard of hearing persons - 02/12/2018
  • Sos International trademarks "CHALLENGE ACCEPTED" - consulting services in the fields of logistics, construction, training, intelligence and information technology solutions to the defense, diplomatic, intelligence and law enforcement communities; research, analysis and operational support services to governmental agencies, departments and organizations and commercial entities supporting the defense, diplomatic, intelligence and law enforcement communities; Accounting services; Administrative processing of purchase orders; Rental of advertising space; Bill-posting; Outdoor advertising; Bookkeeping; Business management; Business management and consultation; Business organization and management consulting; Business project management services for construction projects; Providing business information; Providing business information via a web site; Commercial and industrial management assistance; Compilation of information into computer databases; Document reproduction; Import-export agency services; Outsourcing services; Procurement services for others; Arranging subscriptions to telecommunication services for others; Project management services for others in the fields of language translation, custom writing, text adaptation, interpreting and proofreading - 02/02/2018
  • Language Services Associates trademarks "IRIS INSTANT REMOTE INTERPRETATION SERVICES" - On demand audio and/or video language interpretation services offered via smart phones, tablets, laptops and computers - 01/19/2018
  • Language Line patents Quality Assurance Configuration For Remote Agent Communication - 08/17/2017
  • Sorenson Communications patents Systems, Communication Endpoints, And Related Methods For Distributing Images Corresponding To Communication Endpoints - 02/23/2017
  • Cyracom International raises $2 million in funding. - 01/15/2015
  • Lingotek raises $2 million in funding. - 02/01/2012
  • Sajan raises $11 million in funding. - 03/02/2010




  • Top Innovators

    CompanyInnovation Score
    Sorenson Communications64
    Language Line51
    Purple Communications43
    Sajan10

    Additional companies, details and innovation scoring in the full report.

    Latest Industry News

    • Automatic language interpretation technology to be piloted at Winter Olympics - Zero UI stands for "zero user interface". In the case of ETRI's automatic interpretation technology, it means that users do not touch their smartphones to begin translation services. Rather, they simply wear a Bluetooth headset and speak into the attached ... (01/10/2018)
    • Translation Service Market by Global Analysis, Emerging Technologies, Future Plans and Key Industry Segments Poised for Strong Growth in Future 2022 - The global translation service market is showing immense growth; mainly due to the growing need for accurate interpretation services. Translation services help in bridging the gap between communication and technology. Major driver for this market include ... (01/09/2018)
    • Mumbai-based Ulatus ensures companies get a global market by providing translation services - We do clinical trials translation for them, regulatory submission translation ... The report adds that the revenue for translations and interpretation services was at $3.61 billion as of 2016. Apart from this, players like Google are closely looking ... (01/09/2018)
    • inWhatLanguage Review - As a full-service translation agency, inWhatLanguage provides translation, transcription and interpreting services for all industries in more than 160 languages. This number includes some very niche and uncommon languages, many of which other translation ... (01/08/2018)
    • Gujarati Translation Services Help You Win Over Gujarati Speakers - Other than translation services, they have also gained expertise in interpretation, transcription, website localization and much more. (01/07/2018)
    • People With Disabilities Can Expect Humongous Hiring: Dr.Alim S. Chandani, AVP– Centum Foundation, Centum Learning - Edited Excerpts: Sign language translation is going to be a mandatory and essential ... there exists a massive need to provide quality and ethical interpreting services which will facilitate the general awareness about ‘equal opportunities’ and ... (12/31/2017)
    • Creating more options to address language translation needs in America’s healthcare system - Below is a summary of the three main interpretation modalities ... David leads the overall strategic direction of Stratus Video’s Language Services division. David brings over 26 years of experience working for healthcare information technology and ... (12/28/2017)
    • It’s Illegal for Hospitals to Not Provide Translation Services. So Why Is Proper Translation Still Scarce? - Lack of proper translation has consequences outside of emergencies ... If you wanted someone by phone, it was $1.50 a minute. Interpreting services are also reimbursed by certain types of insurance. But the No. 1 sales objection we heard from hospital ... (12/27/2017)
    • Madison plan aims to improve interpretation and translation services - A homeless woman walked into a Madison library looking for help, but she spoke very limited English. She said one word: “Fulani.” She left with a map, a referral for English as a Second Language classes and a place to stay. Fulani is a West African ... (12/14/2017)
    • Language issues make school involvement tough for immigrants - This makes life difficult for the city's Department of Education, which, according to federal law and its own regulations, must provide translation and interpretation services to the thousands of parents of those children whose first language is not English. (06/29/2015)


    Government Contracts

    In 2016, the federal government spent a total of $491,673,857 on Translation & Interpretation Services. It has awarded 13,914 contracts to 374 companies, with an average value of $1,314,636 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount





    Segments classified within this market research report

    This industry market research report includes companies whose primary business is any of the following:
    Sign language services, Language translation services, Translation services, language, Interpretation services, Language interpretation services, Language services (e.g., interpretation, sign, translation), Speech (i.e., language) interpretation services, etc.



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