Independent Market Research Firm, Common Sense Advisory, Recognizes Welocalize as a Top Player in $33 Billion Dollar Industry.
Frederick, Maryland – June 10th, 2012 Welocalize announced today its official ranking as one of the world’s top 100 language services providers (LSPs) in the localization industry. Released May 31, 2012 by the independent market research group, Common Sense Advisory, the report titled “The Language Services Market: 2012,” ranked Welocalize as the 10th top-grossing language service provider among more than 26,000 vendors around the world. In the same report, Welocalize was also named as the 5th largest localization vendor in all of North America.
“It is wonderful to see Welocalize recognized as one of the Top-10 companies in our industry,” says Smith Yewell, CEO of Welocalize. “I am very proud to see the hard work of our clients, staff and partners result in this great achievement.”
As part of the study, the Common Sense Advisory surveyed more than 1,000 language service providers to collect actual reported revenue for 2010, 2011, and expected revenue for 2012. The firm, which has published market size estimates and global rankings for the past seven years, found that the demand for language services continues, and is growing at an annual rate of 12.17%. According to the report, global trade, international business, and content growth are three critical drivers for the language services industry.
For more information please visit: http://www.commonsenseadvisory.com/
Welocalize offers integrated translation services and products to support the need for on-demand translation. We provide globalization consulting, translation, localization, testing solutions, and enterprise translation management tools that are optimized to be able to deliver on-demand translation in over 120 languages. With over 600 employees worldwide, Welocalize maintains offices in the United States, UK, Germany, Ireland, Japan and China. Please visit www.welocalize.com for more information.