Industry revenue of “translation and interpretation services“ in the U.S. 2011-2023
The translation and interpretation services industry will amount to approximately US$ 4,727.8 million in revenue by 2023 in the United States. Correspondingly, the market size for over-the-phone language interpretation has seen an increase from 2012 onwards. Immigration in the U.S. from Mexico was at its peak in 2010 and is a factor responsible to have a contribution to the growth of the industry in that year.
High demand for translators and interpreters
The demand for the interpreting and translating services was highest in the District of Colombia as seen in May 2018 where the mean annual wage earned was US$ 93,730. In the same year, there were approximately 57,140 personnel working in the industry and California had the highest employment of around 9,310 individuals. Transperfect was the leading U.S.-based language service provider with US$ 705 million in revenue followed by Lionbridge with US$ 647 million in revenue.
High demand for translators and interpreters
The demand for the interpreting and translating services was highest in the District of Colombia as seen in May 2018 where the mean annual wage earned was US$ 93,730. In the same year, there were approximately 57,140 personnel working in the industry and California had the highest employment of around 9,310 individuals. Transperfect was the leading U.S.-based language service provider with US$ 705 million in revenue followed by Lionbridge with US$ 647 million in revenue.
