Ranking of Top 25 Translation and Localization Providers
Common Sense Advisory has released its annual ranking of the top translation and localization companies. The list, which is based on the 2007 fiscal year and has expanded from the top 20 companies to the top 25, includes L-3 Communications, SDL International (SDL), Lionbridge Technologies (LIOX), Xerox Global Services, Transperfect/Translations.com, and Manpower Business Solutions. Overall, the language service providers (LSPs) in Common Sense Advisory’s Top 25 list averaged 26 percent growth over the previous year; creating a global industry total of US$12.1 billion dollars.
The total revenue accounted for by the top 25 LSPs has grown steadily since the research firm began tracking global translation and localization industry revenue numbers in 2004. From 2004 to 2005 these leading LSPs grew slightly faster than Common Sense Advisory’s estimate of 7.5 percent (see “Ranking of Top 20 Translation Companies,” Mar06). Based on the trend-line over the last five years, Common Sense Advisory’s analysts predict that the market will reach US$24 billion by 2012; equating to a compound annual growth rate (CAGR) of 14.6 percent over the coming five years.
“We can attribute some of growth to foreign exchange issues, but the main driver for growth was increased sales in an economic environment favorable to international trade and relations. LSPs are reaping the benefits of a more global economy and are growing despite indications of a recession in the United States,” explains Common Sense Advisory’s Chief Connector and report analyst, Renato Beninatto.
“Looking forward to next year, we expect more changes due to market consolidation, an increase in demand for translation services to compete in a global economy, and adherence to the multilingual requirements in regulated industries,” explains Common Sense Advisory’s president and chief research officer, Don DePalma.
“Ranking of Top 25 Translation Companies for 2007” is an update to the 2004, 2005, and 2006 rankings and is available at www.commonsenseadvisory.com.
About Common Sense Advisory, Inc.
Common Sense Advisory, Inc. is a research and consulting firm committed to the objective analysis of the business practices, services, and technology driving translation, localization, and business globalization. Its analysts deliver in-depth reports on topics including: website and translation content management; translation services and best practices; product and website localization; software supporting international business; on- and off-line ethnic marketing and messaging; and more. The firm also provides hands-on consulting and training to global business teams. For more information, visit www.commonsenseadvisory.com.