Independent research firm, Common Sense Advisory, recognizes Welocalize as a top player in $34.7 billion global localization industry
June 5th, 2013 – Welocalize today announced its official ranking as one of the world’s top language service providers (LSPs) in the localization industry. Released on May 31, 2013, by the independent market research firm, Common Sense Advisory (CSA), the report titled “The Language Services Market: 2013” ranked Welocalize as the 8th top LSP in the world. This important industry report used data from 27,600 vendors. In the same report, Welocalize was also ranked 4th largest LSP in North America.
Welocalize CEO, Smith Yewell, commented on the news, “This is great. Welocalize is yet again in the top 10 companies in the global localization industry. And we’ve moved up (again). This year, we’re number 8, getting closer to the top spot. This recognition is a credit to our people, clients and partners, well done everyone!”
As part of the study, Common Sense Advisory surveyed more than 1,000 language service providers to collect actual reported revenue for 2011, 2012, and expected revenue for 2013. The firm, which has published market size estimates and global rankings for the past eight years, found that the demand for language services continues, and is growing at an annual rate of 5.13%. According to the report, global trade, international business, and content growth are three critical drivers for the language services industry.
*In the 2012 CSA report, Welocalize was ranked no. 10 in the global top 10 and no. 5 for North America. In the 2011 CSA report, Welocalize was ranked no. 18 in the global top 10 and no. 7 for North America.
For more information please visit www.commonsenseadvisory.com