info@marketresearchfuture.com   📞 +1 (855) 661-4441(US)   📞 +44 1720 412 167(UK)   📞 +91 2269738890(APAC)
Certified Global Research Member
Isomar 1 Iso 1
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

US Translation Service Market Research Report: By Service (Interpretation services, Translation services), By Type (Hardware, Software) and By Vertical (Medical and healthcare, Automotive, Media and entertainment, IT) - Forecast to 2035


ID: MRFR/ICT/14296-HCR | 100 Pages | Author: Garvit Vyas| December 2023

US Translation Service Market Overview:


As per MRFR analysis, the US Translation Service Market Size was estimated at 9.08 (USD Billion) in 2023. The US Translation Service Market Industry is expected to grow from 9.29(USD Billion) in 2024 to 13.39 (USD Billion) by 2035. The US Translation Service Market CAGR (growth rate) is expected to be around 3.379% during the forecast period (2025 - 2035).


Key US Translation Service Market Trends Highlighted


The US Translation Service Market is witnessing significant growth driven by various key market drivers. The increase in globalization has led to a surge in the demand for translation services as businesses expand their operations beyond domestic borders. Additionally, the rise of e-commerce and online platforms compels organizations to provide content in multiple languages to engage diverse customer bases effectively. 


The growing need for localization, particularly in software and mobile applications, is also crucial as companies aim to enhance user experience across different regions. Opportunities in the market are expanding, particularly with the increasing adoption of artificial intelligence and machine learning technologies in translation processes.These advancements can improve efficiency and accuracy in delivering translation services, thus helping firms cater to more clients simultaneously. Furthermore, the U.S. government emphasizes multicultural inclusion, and there is an ongoing need for translation services in sectors like healthcare, legal, and government services, which increases prospects in this segment. Trends in recent times reveal that remote and virtual translation services are gaining popularity, especially since the COVID-19 pandemic accelerated digital transformation across industries. 


This shift to online services allows companies to connect with linguists from various backgrounds, enhancing the richness of language offerings.The use of video and audio content, spurred by remote communication trends, is also notable, as this requires professionals skilled in audiovisual translation. In summary, the US Translation Service Market is evolving rapidly due to globalization, technological advancements, and changing consumer needs, presenting various avenues for growth and development.


US Translation Service Market size

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


US Translation Service Market Drivers


Increasing Globalization


The US Translation Service Market Industry is primarily driven by increasing globalization, which has led to heightened communication between different cultures and languages. According to the US Department of Commerce, exports of goods and services from the US surged to approximately 2.5 trillion USD in 2021, marking a year-over-year increase of 18.5%. This upsurge in exports inherently demands translation services to cater to diverse international markets, enhancing the need for accurate translations among businesses.Established firms in the translation service sector, such as Lionbridge and TransPerfect, have adapted their offerings to provide specialized services for various industries to meet this demand, indicating a strong correlation between trade activities and the need for translation services. The growth in trade emphasizes the role of translation services in ensuring effective communication, which is a critical factor for businesses seeking to establish a foothold in global markets.


Technological Advancements in Translation Tools


The expansion of the US Translation Service Market Industry is significantly bolstered by technological advancements that enhance the efficiency and quality of translation services. The integration of Artificial Intelligence and Machine Learning technologies into translation processes has brought forth tools that streamline workflows and reduce turnaround times. According to the American Translators Association, approximately 60% of translation companies in the US incorporate technology to improve their services.Notable organizations like Google and Microsoft have invested heavily in developing advanced translation algorithms, which have raised the standard for translation accuracy and speed. As technology continues to evolve, it is expected that translation services will become increasingly accessible and reliable, fueling market growth.


Growing Demand for Localization


The US Translation Service Market Industry is witnessing a growing demand for localization services as businesses aim to tailor their products to different cultural contexts. This trend has been particularly evident in industries such as software and entertainment, where consumer preferences vary significantly based on linguistic and cultural factors. The US Census Bureau reported that over 350 languages are spoken in households across the United States, underscoring the diversity that companies must cater to.Firms like SDL and RWS Holdings have recognized this trend and expanded their service offerings to include comprehensive localization, which has become increasingly necessary to attract and retain customers in a competitive marketplace. The emphasis on localization is driving translation service providers to develop more culturally relevant content, which is a key factor in the overall market growth.


US Translation Service Market Segment Insights:


Translation Service Market Service Insights


The US Translation Service Market is experiencing noteworthy dynamism, particularly within the Service segment, which has garnered substantial interest from various industries. The need for effective communication across diverse languages is becoming increasingly essential as global interaction continues to flourish, hence translating and interpreting services are gaining prominence. The growing multicultural population in the United States, estimated to account for over 40% of the population by 2040, accompanies this demand and presents a significant opportunity for these services. 


Interpretation services, a crucial aspect of this segment, are particularly significant as they enable real-time communication in numerous settings, from business meetings to healthcare environments, thus facilitating smoother exchanges and better understanding among individuals from different linguistic backgrounds. Translation services, on the other hand, ensure that written content, whether for legal documents, marketing materials, or technical manuals, is accurately conveyed, adhering to both linguistic and cultural nuances. This aspect of service is particularly important as the US is home to a large number of multinational companies, creating a robust requirement for precise translation services that help these businesses operate effectively in global markets. 


In terms of market dynamics, the increasing reliance on digital platforms and globalization also propels growth within these services, as businesses are eager to expand their reach into international markets. The demand for online translation tools and platforms has surged, and while these tools provide a degree of convenience, professional services remain indispensable for ensuring accuracy and cultural relevance. Furthermore, advancements in technology, including machine learning and artificial intelligence, are likely to reshape service delivery in this domain, enhancing efficiency and accuracy while potentially lowering costs. 


However, challenges persist, such as the need for skilled translators who can not only translate text but also convey context and subtleties. Moreover, regulatory requirements, especially in sectors like healthcare and legal services, necessitate a high standard of translation and interpretation to ensure compliance and risk mitigation. The growth drivers in this segment are supported by the increasing internationalization of businesses and e-commerce, along with the rise of remote work, which further amplifies the need for these services. In summary, the US Translation Service Market, particularly the Service segment, showcases a landscape rich with opportunities, as organizations seek effective means of communication in a diverse and multilingual environment, ensuring they meet the diverse needs of their clientele across various sectors.


US Translation Service Market segment

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Translation Service Market Type Insights


The US Translation Service Market is a dynamic and growing industry encompassing various types that are essential for effective communication across languages. Within this market, the Type segment includes vital categories like Hardware and Software, each playing a crucial role. Hardware solutions, such as translation devices and dedicated hardware for interpreting, facilitate real-time communication and aid in sectors like healthcare and international business. Meanwhile, Software solutions offer a diversified array of applications ranging from machine translation to desktop publishing tools, catering to businesses' and individuals' needs for accurate and efficient translations.


The ongoing technological advancements, along with increasing globalization and cross-cultural interactions, are pivotal growth drivers for this market. Furthermore, the rise in demand for content localization across various industries presents significant opportunities for both hardware and software offerings. Challenges, however, include ensuring quality and managing the nuances of different languages, which remains a critical consideration in the development of these solutions. As businesses continue to expand globally, the importance of reliable translation services is expected to increase, further driving the market dynamics.Overall, the segmentation of the market by Type illustrates a multifaceted landscape that caters to diverse needs and promotes seamless communication.


Translation Service Market Vertical Insights


The US Translation Service Market, particularly in the Vertical segment, showcases a diverse range of applications crucial for various industries. The Medical and healthcare sector accounts for a significant portion, as precise translation ensures patient safety and regulatory compliance. This sector’s growth is driven by the increasing globalization of healthcare services and the need for multilingual communication in clinical settings. 


In the Automotive industry, the demand for translation services arises from the necessity to bridge language barriers during international collaborations and market expansions, particularly with the rise of electric vehicles and automotive technology.The Media and entertainment sector heavily relies on translation for subtitling and dubbing, reflecting cultural nuances essential for engaging global audiences, contributing significantly to viewer experiences across platforms. Meanwhile, the IT segment demands robust translation capabilities, as businesses seek to localize software and technical documentation, enabling effective user interactions worldwide. 


Overall, these verticals highlight the key role of translation services in enhancing communication, fostering business operations, and driving innovation in the US economy.Understanding the US Translation Service Market data and segmentation in these key sectors is vital for capitalizing on emerging opportunities and addressing specific challenges effectively.


US Translation Service Market Key Players and Competitive Insights:


The US Translation Service Market is characterized by a robust competitive landscape featuring both large multinational corporations and specialized local providers. This marketplace is driven by the growing demands for cross-cultural communication in an increasingly globalized economy. The rising necessity for businesses, governmental agencies, and academic institutions to convey their messages accurately in multiple languages has propelled the growth of translation services. Companies are continuously innovating to enhance service delivery, improve efficiency, and diversify their offerings, thereby shaping their competitive position in the market. 


Key trends include the rising use of technology such as artificial intelligence and machine learning to streamline translation processes, coupled with the ongoing need for human expertise to ensure contextually appropriate translations. Understanding the competitive dynamics, market segmentation, and the various strengths and weaknesses of the key players provides essential insights into this evolving market segment.RWS has established itself as a formidable player in the US Translation Service Market, leveraging its extensive portfolio and global reach to provide specialized translation services across multiple industries. 


The company is particularly recognized for its strength in serving technical, legal, and pharmaceutical sectors, leading to a strong market presence in these high-demand fields. RWS has invested heavily in technology to improve service delivery, which forms a critical element of its competitive advantage. The company's focus on quality assurance and linguistic expertise has garnered it numerous loyal clients, enabling reinforcement of its esteemed reputation. Additionally, RWS benefits from having a well-trained team of language experts and project managers who lead client communications and ensure satisfaction throughout the service timeline, enriching the overall customer experience in the US market.


Morningside Translations, another noteworthy player in the US Translation Service Market, has carved out a niche through its focus on high-quality translation and localization services. The company specializes in providing tailored solutions across various sectors including legal, life sciences, and marketing, which further enhances its market position within the US. Morningside Translations emphasizes the importance of understanding cultural nuances, thereby ensuring that the translated content resonates with its target audience. 


The company offers a broad range of services including technical translations, patent translations, and localization, making it a versatile provider. Morningside's commitment to quality is reinforced by its adherence to industry standards and certifications, which elevates its credibility. Recent mergers and acquisitions have allowed Morningside to expand its capabilities and strengthen its market presence, reinforcing its strategic growth in the highly competitive US translation landscape.


Key Companies in the US Translation Service Market Include:



  • RWS

  • Morningside Translations

  • Welocalize

  • InWhatLanguage

  • The Localization Factory

  • Straker Translations

  • TextMaster

  • PAC Translations

  • Boostlingo

  • SDL

  • Lionbridge

  • iTi Translates

  • TransPerfect

  • LanguageLine Solutions

  • Gengo


US Translation Service Market Industry Developments


The US Translation Service Market has been experiencing significant developments, particularly in the wake of increased demand for localization and translation services fueled by globalization and digital transformation. Major players like TransPerfect and Lionbridge have been investing heavily in technology to improve their service delivery and enhance customer experience. In terms of mergers and acquisitions, RWS acquired the American company SDL in July 2021 to expand its presence in the North American market. Similarly, Welocalize announced the acquisition of acquiring the software localization firm, Translated, in August 2022, enhancing its offerings in the digital sphere. 


The market valuation for translation services in the US is projected to grow considerably due to the rise of e-commerce, with estimates suggesting a surge from $20 billion in 2019 to over $30 billion by 2025. The demand for specialized translation services in industries like legal, medical, and technical fields continues to rise, further driving growth. Additionally, LanguageLine Solutions has expanded its services to support telehealth during the COVID-19 pandemic, emphasizing the critical role of translation services in healthcare communication. These trends reflect a dynamic and rapidly evolving market, positioning key players for future opportunities.


US Translation Service Market Segmentation Insights


Translation Service Market Service Outlook



  • Interpretation services

  • Translation services


Translation Service Market Type Outlook



  • Hardware

  • Software


Translation Service Market Vertical Outlook



  • Medical and healthcare

  • Automotive

  • Media and entertainment

  • IT


 

Report Attribute/Metric Source: Details
MARKET SIZE 2018 9.08(USD Billion)
MARKET SIZE 2024 9.29(USD Billion)
MARKET SIZE 2035 13.39(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR) 3.379% (2025 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
MARKET FORECAST PERIOD 2025 - 2035
HISTORICAL DATA 2019 - 2024
MARKET FORECAST UNITS USD Billion
KEY COMPANIES PROFILED RWS, Morningside Translations, Welocalize, InWhatLanguage, The Localization Factory, Straker Translations, TextMaster, PAC Translations, Boostlingo, SDL, Lionbridge, iTi Translates, TransPerfect, LanguageLine Solutions, Gengo
SEGMENTS COVERED Service, Type, Vertical
KEY MARKET OPPORTUNITIES Growing demand for multilingual content, Expansion of e-learning platforms, Increased immigration and globalization, Rising healthcare translation needs, Surge in legal document translation
KEY MARKET DYNAMICS growing globalization demand, technological advancements, increasing multicultural population, need for localization services, regulatory compliance requirements
COUNTRIES COVERED US


Frequently Asked Questions (FAQ) :

The projected market size of the US Translation Service Market in 2024 is expected to be valued at 9.29 billion USD.

By 2035, the US Translation Service Market is expected to reach a valuation of 13.39 billion USD.

The expected CAGR for the US Translation Service Market from 2025 to 2035 is 3.379 percent.

The US Translation Service Market is dominated by interpretation services and translation services, with interpretation services valued at 3.49 billion USD in 2024.

The market size for interpretation services in the US Translation Service Market is expected to be valued at 5.05 billion USD in 2035.

The market size for translation services in the US Translation Service Market is projected to be 5.8 billion USD in 2024.

Key players in the US Translation Service Market include RWS, Morningside Translations, and TransPerfect among others.

Emerging trends in the US Translation Service Market include increasing demand for localization and growth in interpretation services.

Challenges in the US Translation Service Market include ensuring accuracy and managing costs amidst growing demand.

The US Translation Service Market is expected to experience steady growth across various regions, driven by the globalization of businesses.

Leading companies partner with us for data-driven Insights.

clients

Kindly complete the form below to receive a free sample of this Report

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

report-img
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.