Common Sense Advisory Announces Size of Worldwide Translation and Localization Market and Ranking of Top 20 Language Services Companies
Common Sense Advisory, Inc., an independent business globalization, internationalization, and localization and translation research and consulting firm, announces the release of its list of the top 20 language service providers (LSPs) and its estimate of the size of worldwide translation and localization market. The list, which includes Lionbridge (LIOX) and L-3/Titan (LLL) is based on the firm’s Human Delivered Service Company (HDSC) Index, a sophisticated assessment model that evaluates the business fundamentals, market strength, and service offerings of companies that depend on people to produce most of their revenue, and is available at www.commonsenseadvisory.com. The ranking of translation companies reflects recent industry mergers and acquisitions including Lionbridge’s acquisition of Bowne Global Solutions, a unit of Bowne & Co, (BNE).
Common Sense Advisory also estimates the current worldwide translation and localization market at US$ 8.8 billion, reaching a total of US$ 12 billion in 2010. “This figure is particularly relevant at a time where the market seems to be entering a new wave of consolidation,” comments analyst Renato Beninatto.
Explains Common Sense Advisory founder and CEO, Donald A. DePalma, “Many language services companies want to get bigger. Our certification model lets us benchmark one company against comparable language services firms, against offshore providers providing a full range of engineering and localization offerings, and against the service firms that make up our own innovative HDSC Index. This information is valuable to any procurement department – not to mention to any LSP thinking about where it fits in the marketplace relative to its competitors.”
”Ranking of Top 20 Translation Companies” is now available for free at www.commonsenseadvisory.com.