WALTHAM, Mass., July 24, 2014 /PRNewswire/ --
CSA Research, an independent market research firm, ranked language service providers based on size, revenue and service mix in 2013 in order to list the 100 largest, top-performing companies across the globe.
According to the report, Lionbridge continues to lead the language services industry in market share. In 2013 the Company grew its annual revenue seven percent year-on-year. This increase is due to increasing customer demand for Lionbridge's portfolio of services, which includes translation, global marketing, interpretation and testing services.
The annual report also examined the anticipated growth of the outsourced language services and technology industry, which is predicted to surpass $37 billion this year, an expected annual rate of 6 percent. CSA Research contends that LSPs such as Lionbridge have been moving higher in the marketing automation chain as they add support for global marketing communications, customer care, and the customer experience. Growth will come from finding and fulfilling these new business requirements, as well as content authoring, transcreation, training, and application development.
"The language services industry continues to enjoy strong growth as organizations across industries continually seek new ways to reach, engage and support their customers, prospects partners and employees across all channels, platforms and devices," said Rory Cowan, CEO of Lionbridge. "Lionbridge's unique combination of skill, geography, and technology enables our clients to unlock greater levels of growth and success. As the top languages services company in the world, we look forward to furthering our clients' global success through continued innovation, excellence and service."
CSA Research's "Language Services Market: 2014" is available for download here. For more information on Lionbridge's language services, please visit http://www.lionbridge.com/solution-categories/language-services/.
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 centers in 26 countries. To learn more, visit http://www.lionbridge.com.
Matter Communications for Lionbridge Technologies
SOURCE Lionbridge Technologies