Independent market research firm CSA Research recognizes ITC as a leader in US$49.60 billion global translation, localization, and interpreting services industry
ITC announced today its official ranking as one of the largest language service providers (LSPs) in the global translation, localization, and interpreting industry. Issued May 2020 by independent market research firm CSA Research, “Who’s Who in Language Services and Technology: 2019 Rankings” named ITC as a top-grossing LSP in the US$49.60 billion global market for outsourced language services and technology.
The firm found that the market for language services and supporting technologies will grow 6.62% from 2018 to 2019, however the 100 largest LSPs grew at 20.08%.
The industry’s compound annual growth rate over the last 11 years was 7.76%.
“People worldwide prefer consuming information in their own language. Meeting this expectation − and sometimes the legal requirements to do so – fuels an indispensable global industry that continues growing due to global digital transformation,” comments Dr. Donald A. DePalma, CSA Research’s Chief Research Officer. “Language service providers and technology developers support those global experiences in other languages, delivering essential translation, interpreting, and localization outsourcing capabilities to businesses, governments, NGOs, and individuals around the world.”
Included in CSA Research’s global market study is the ranking of the largest 193 language service providers globally and by region, all of which offer language and localization services to enable enterprises to expand global reach and to respond to domestic needs.
The verified and validated list of the largest 100 LSPs in the world is open-access and available here.
About ITC Group
ITC is a Certified Woman-Owned Business founded in 1999. Our focus on solving customer translation challenges using talent and technology has helped us grow from a single location to three offices around the world. We’ve created a global translation company that’s centred around our clients and customized to match their processes, so they can be confident they’re getting the best translation for their audience.
We communicate our clients’ messages in more than 80 languages, relying on a dedicated team of professional project managers and a network of more than 2,500 expert translators. Our team uses top industry-leading tools and specialized expertise on a wide variety of subject areas and file types. We also offer localization services for mobile, web, and video content, desktop publishing, and audio and video production services.
About CSA Research
CSA Research is the premier market research firm specializing in the language services and technology industry. It provides primary data and insight to assist companies with planning, brand strategy, innovation, competitive positioning, and better understanding of global markets. An independent market research company, its trusted and verified data helps companies profitably grow their international businesses and gain access to new markets and new customers. For more information, visit: csa-research.com.