Research by Common Sense Advisory ranks Lionbridge as market leader in language services
WALTHAM, Mass. – July 15, 2015 – Lionbridge Technologies, Inc. (NASDAQ: LIOX) has once again been named the world’s largest language service company by Common Sense Advisory (CSA), an independent market research firm.
This is the fourth consecutive year that Lionbridge has topped CSA’s list of global language providers. In their annual report, The Language Services Market 2015, CSA surveyed 860 providers to rank the top 100 providers in the global language services market based on size, revenue, and service mix to identify the top performing language services companies around the world.
“Lionbridge’s ranking as the industry leader in language services is a credit to our global teams who drive unparalleled value for our global clients,” said Rory Cowan, CEO, Lionbridge. “As the market for digital content and communications continues to expand, we look forward to delivering innovative solutions that combine global scale technology, proven program management expertise, and in-country knowledge for some of the world’s most demanding global brands.”
The CSA report noted that the market for outsourced language services has surpassed $38 billion and is expected to grow at a rate of 6% in the coming year. According to the report, as language is not a core competency for most organisations, commercial enterprises across industries must outsource language translation to be able to effectively communicate with their constituents.
Lionbridge, the largest provider on the list, leads the language services industry in market share due to its revenue, ongoing growth, and broad portfolio of professional translation and marketing services.
In The Language Services Market 2015, CSA also reviewed the biggest service providers over the past eleven years and named Lionbridge a “perennial list-topper”, as the Company has occupied slots in the top 10 since CSA began their study, eleven years ago.
Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products, and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management, and application testing solutions that ensure global brand consistency, local relevancy, and technical usability across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centres in 27 countries. To learn more, visit http://www.lionbridge.com.