Global Translation Services Industry: Multilingual Proficiency Boosts Credentials of International Translators

Albany, NewYork (PRWEB) February 05, 2015

ResearchMoz recently added report titled “Translation Services (Global) – Industry Report” to its collection. It delivers the most recent financial data on the translation services market. The figures provided in this report are used to create a unique and authoritative analysis of the global translation services market. A 360-degree overview of the industry along with an evaluation of the top players has been presented in this study using a series of graphical charts as well as detailed textual elaborations.

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The translation services research report available on ResearchMoz provides a definite and accurate study of the translation services industry in 2014, with an in-depth analysis of the market drivers and restraints. Despite the economic meltdown of 2008-2009, the translation services industry has performed remarkably well in the past few years. With more non-native speakers migrating to other countries and establishing their products/services overseas, the demand for translation services has displayed consistent upward growth. Rapidly growing effects of globalization and increase in immigration will continue to boost the demand for translation services in the coming few years.

A few barriers will suppress the growth of the translation services industry. There is a growing need for translators proficient in at least two languages to translate relatively uncomplicated documents. Many translators in the industry of translation services start by working from home, operating on a freelance or part-time basis. As more advanced translations are practiced, the industry is moving towards a requirement for its employees to possess post-graduate qualifications with expertise in at least three official languages, to ensure effective use of their skills and time. As a precursor of that trend, proficiency in four languages has become a major trend for international translators as it boosts credentials.

The research study on global translation services industry is segmented into two major sections. One section presents valuable insights into the industry in a written form; while the other section provides a graphical analysis of the largest translation services companies operating in the global market. The report starts with a thorough critical evaluation of the market. Furthermore, the best trading partners are scrutinized in the market. The top trading companies in the global translation services industry with respect to their sales and financial strength are presented in the report. According to the report, RWS Holdings plc is the best trading partner in the industry.

Similarly, the translation services report evaluates the fastest growing and shrinking companies, among which Transcom Worldwide S.A. is ranked as the fastest growing corporation. A detailed analysis of pre-tax profit and gross profit with a profitability summary that compares profits in the industry for small, medium, and large translation services enterprises is provided in the report. In addition, the best performing companies have been ranked in the study according to the organizations financial strength and sales growth during 2014.

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All the 30 businesses in the translations services report have been analyzed using the unequivocal model which culminates in the production of an unbiased and accurate analytical chart. This model helps evaluate an individual company and measure its capability to achieve its projected sales success while maintaining its financial strength.

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