For the fifth consecutive year Independent market research firm Common Sense Advisory recognizes Lionbridge as the world leader in the growing, $43 billion global language services industry
Waltham, Mass. – July 12, 2017 — Lionbridge Technologies, Inc., announced today its official ranking as the largest language services provider (LSP) in the global translation, localization and interpreting industry. Issued July 2017 by independent market research firm Common Sense Advisory (CSA Research), the report titled “The Language Services Market: 2017” ranked Lionbridge as a top-grossing LSP in the US $43.08 billion global market for outsourced language services and technology.
As part of the study, the firm surveyed providers from every continent to collect actual reported revenue for 2015, 2016 and expected revenue for 2017. Lionbridge leads the industry due to its innovative language technology-platform, its global program management excellence and its trusted network of in-country translation and localization professionals.
More than 800 global brands rely on Lionbridge to manage their business-critical content, applications and communications across channels, platforms and languages.
CSA Research, which has published market size estimates and global rankings for the past 13 years, found that the demand for language services and supporting technologies continues and is growing at an annual rate of 6.97%, representing an increase over last year’s rate of 5.52%.