Lexcelera joins rankings of largest language service companies in Western Europe
Independent market research firm Common Sense Advisory has ranked Translation Company Lexcelera as one of the largest language services providers in Western Europe as well as the 7th largest in France.
This is the first time Paris-based Lexcelera has made it to the annual global rankings of the best translation companies. The rankings were produced by the leading independent research firm for the language industry, the Common Sense Advisory (CSA Research). The 14th annual survey on the size and growth of the language services and technology market covers private and public language service and technology companies worldwide.
The current global survey is based on revenues published at the end of 2017.
Today, translation company Lexcelera has come in at number 37 in Western Europe. CSA Research had previously estimated the number of translation and interpretation companies overall at more than 26,000 across 150 countries. In France alone there are approximately 1500 translation agencies.
“The CSA global ranking is the best benchmark for our industry, and we are pleased to be included this year,” says Lori Thicke, Lexcelera CEO. “It shows us that quality work, and of course, great people, really pays off.”
In other findings, the report highlighted the size of the market for outsourced language services and supporting technology, valued at US$ 43.08 billion worldwide. CSA Research estimated the market growth at 6.97% from 2016 to 2017.
New linguistic services designed for international communication
Lexcelera predicts even stronger market growth in the coming years for language services, as cross border sales of products and services increases.
“Our customers lead on a global level, which means that they rely on language support to communicate internationally,” says Lexcelera’s Operations Director, Laurence Roguet. “This means not just traditional language services like translation and interpreting, but also new services such as creating multilingual content and web sites that respond to the keywords used in local markets.”
Demand for language services will only increase over time
According to Don DePalma, CSA Research’s founder and Chief Strategy Officer, “The sheer number of countries, people, and languages – many of them in markets experiencing tremendous economic growth – assures that demand for language services will only increase over time.”
Other studies undertaken by CSA Research have identified the strongest possible business case for companies to localize their content:
“As our research conclusively demonstrates, people are much more likely to purchase products in their own language.” says DePalma. ” In addition, localization reduces customer care costs and increases brand loyalty.”