Translation Services
The growth of the global market has benefited this industry. Industry revenue has increased at a rate of 2.4 percent in the past five years to $3.2 billion in 2013. The internet has been instrumental in increasing demand for translators as businesses expand into new countries and require services to adapt websites and marketing materials to the new region. Industry revenue may increase 3.4 percent in 2013, though IBISWorld points to some challenges. Translation services remain relatively labor intensive, and some competition exists through software programs and free internet websites (though most fail to provide cultural context).
