6 months ago
March 11, 2021
Over 50% of Slator LSPI Companies are Headquartered in Just 5 Countries
Slator unveiled the Slator 2021 Language Service Provider Index (LSPI) at the beginning of March 2021, the fourth annual edition of our flagship index. The Slator 2021 LSPI currently features 184 language service providers (LSPs) ranked in order of revenue (in USD) for 2020.
These 184 LSPs are domiciled in 38 different countries, spread across North America, South America, Asia, Australasia, MENA, and Europe.
The top five locations for headquarters among LSPI companies are the US, the UK, Germany, Poland, and Sweden. Collectively, these five countries account for more than 50% of all LSPs featured in the 2021 LSPI, and more than 70% of overall revenues.
On a regional basis, Europe (ex UK) is home to more than 80 LSPs, significantly more than the second top region, North America, which counts 44 LSPI companies. Asia houses 13 LSPI companies, while Australasia, South America, and MENA LSPI companies are few in number, with 4, 4, and 2 LSPs, respectively.
Europe- (ex UK) and North America-headquartered companies represent 70% of all LSPs included in the LSPI and nearly 75% of revenues. When grouped with the UK, these locations account for more than 90% of total LSPI revenues.
The largest LSPs in the Slator LSPI on a regional basis are as follows:
Top Headquarters by LSPI Segment
In line with previous years, the LSPI segments LSPs into four different groups, for which we further unpack country headquarter information. The four LSPI segments are defined as follows:
- Super Agencies – full-service, multi-vertical LSPs with revenues greater than USD 200m;
- Leaders – LSPs with revenues greater than USD 25m and that do not fall into the Super Agency category;
- Challengers – LSPs with revenues between USD 8m and USD 25m;
- Boutiques – LSPs with revenues between USD 1m and USD 8m.
The Super Agency category is the smallest segment by number of companies, made up of just five LSPs. The five Super Agencies have their headquarters in three locations: the US (3), the UK (1), and France (1).
Leaders are the second smallest segment by number of LSPs (41) behind Super Agencies. These 41 LSPs have their headquarters in 17 different countries. The top five headquarters for Leaders are the US (13), UK (5), Sweden (4), Japan (3), and France (3).
Challengers trail the Leaders as the second largest segment by number of LSPs (45). These 45 LSPs have their headquarters in 18 different countries. Top headquarters for Challengers are the UK (10), Germany (9), United States (8), Australia (2), Switzerland (2), and Poland (2).
SlatorCon Remote September 2021 | $130
A rich online conference which brings together our research and network of industry leaders.
Significantly larger in number, 93 Boutique LSPs are included in the Slator 2021 LSPI. These 93 LSPs have their headquarters in 28 different countries. Top headquarters for Boutiques are the US (13), the UK (11), Germany (10), Russia (6), Spain (6), and Poland (6).
To explore the LSPI companies and learn more about the 180+ LSPs currently featured, head over to the interactive Slator 2021 LSPI. The LSPI is dynamic. it will be updated throughout the year with additional supplementary information.
This means that, while we unpack some of the key stats from LSPI companies here, the analysis is a snapshot as of mid-March 2021 and the data may shift a small amount over time as new companies are introduced.
Please get in touch with us if you are not included and would like to participate.