Especially the market for medical interpreting is booming. However, it’s not the only lucrative sector in the US interpreting market.
In the United States, video relay services (VRS) are a well-established, government-funded system. It allows deaf people to make phone calls to anyone via a special video phone and instant access to a sign language interpreter.
VRS is funded by the Federal Communication Commission (FCC). We looked into their current report and found that the FCC estimates the funding requirement for VRS at USD 482 million, confirming that this market is worth a substantial sum.
What’s even more impressive is the funding requirement if all remote public services facilitating communication for the deaf and hard of hearing are considered. These services include telecommunications relay services (TRS), speech-to-speech relay service (STS), and captioned telephone service (CTS), alongside VRS.
Sorenson Community Interpreting Services is the largest VRS provider in the United States. They have thousands of sign language interpreters in more than one hundred locations throughout the US and Canada.
Interpreters understand the threat “no voice, no job.” How do hearing loss and acoustic shock affect the profession?
We examined the interpreting markets in 12 different countries. So, what are the three things that the interpreting market needs now?
There are three key influencers for interpreting services in every market: the demand, the government, and the infrastructure.
We recently conducted a large study for which we examined the interpreting markets in 12 countries. We assessed how the interpreting markets are run, what trends, challenges and opportunities stand out, and what drives interpreting - including pricing. Based on our research, we identified five factors that drive pricing in interpreting.