Our translation industry market research, trends and growth offer the very latest industry and data analysis, providing language service providers and end-clients with the confidence to make informed and time critical decisions. It is a cost-effective, credible resource for busy professionals.

Brief Overview of LSPs and Market Research

The size of the translation industry is immense at USD 24 billion. Globally there are tens of thousands of Language Service Providers (LSPs) providing language, translation and localization services worldwide. The vast majority of these LSPs are small, local players with less than US 1 million dollars in annual revenue. However, there are now at least 50 LSPs with USD 8 million in revenue and seven Super Agencies exceeding USD 200 million.

As these LSPs look for growth in the translation market size, mergers and acquisitions are playing an important role in how these firms are growing. Larger LSPs are merging with smaller LSPs to be able to cover all the translation needs of the overseas growth of their customers.

What is Language Localization?

Language localization is an industry that serves both governments and companies in providing accurate and culturally sensitive translations from one language to another. This industry has proven to be vital to a company's ability to expand their products and services into foreign markets around the world.

If you’ve ever bought a product from a company based in another country that spoke a foreign language, you’ve encountered language localization.

Making Qualified Decisions

Engaging the services of an LSP means trusting their ability to provide accurate and qualified translation and localization services. This means that buyers have to make informed decisions in which LSP to hire, one with a proven track record.

The Slator Language Service Provider Index (Slator LSPI) tracks the world’s largest language service providers and features over 130 LSPs across the Super Agency, Leaders, Challengers, and Boutique categories. We also provide research reports that identify the leading LSPs across ten key industries to help corporate buyers make qualified decisions. Slator keeps our subscribers up-to-date on developments in the world of localization industry market research and trends.

Slator Research Keeps You Informed

In addition to the annual Slator LSPI, we examine the key industry sectors, major corporate buyers and leading language technologies in an ongoing series of research reports that help your company make sense of the translation and localization industry.

We cover ten industry sectors within these translation services market reports, including Media Localization, Gaming, Life Sciences Translation, Technology, Travel & Retail, Translator’s Financial Industry Services, Engineering & Manufacturing, Aerospace and Defense, Professional Services, and the Public Sector.

Slator also assembles actionable insights from dozens of language industry buy-side interviews, analyzes merger activity from over 60 M&A and Funding transactions a year, keeps you up-to-date on language translation software market trends, and compiles case studies on the deployment of neural machine translation technology.

Slator’s research reports are available for purchase individually or you can access all our reports through an Annual Research subscription.