Independent market research firm CSA Research recognizes Skrivanek as a leader in US$49.60 billion global translation, localization, and interpreting services industry. Issued May 2019 by independent market research firm CSA Research, “Who’s Who in Language Services and Technology: 2019 Rankings”
named Skrivanek as a top-grossing LSP in the US$49.60 billion global market for outsourced language services and technology.
CSA found that the market for language services and supporting technologies will grow 6.62% from 2018 to 2019, however the 100 largest LSPs grew at 20.08%.
The industry’s compound annual growth rate over the last 11 years was 7.76%.
“People worldwide prefer consuming information in their own language. Meeting this expectation − and sometimes the legal requirements to do so – fuels an indispensable global industry that continues growing due to global digital transformation,” comments Dr. Donald A. DePalma, CSA Research’s Chief Research Officer. “Language service providers and technology developers support those global experiences in other languages, delivering essential translation, interpreting, and localization outsourcing capabilities to businesses, governments, NGOs, and individuals around the world.”
Included in CSA Research’s global market study is the ranking of the largest 193 language service providers globally and by region, all of which offer language and localization services to enable enterprises to expand global reach and to respond to domestic needs.
The verified and validated list of the largest 100 LSPs in the world is open-access and available here.