Research by Common Sense Advisory shows on-site interpreting continues to be the top service in this segment of the industry
Boston, MA — August 22, 2013 — In 2013, the total global language services market stands at US$34 billion. Interpreting services account for nearly 15% of the total global market for language services, with on-site and telephone interpreting leading the charge. The company revenues that contribute heavily to this global number are detailed in a new research report published by independent market research firm Common Sense Advisory, “Top 15 Interpreting Companies: 2013.” Leading the ranking list is LanguageLine Solutions (LLS), followed by Cyracom, both US-based interpreting companies.
Revenue numbers demonstrate a continued pattern of growth for the industry. “Immigrants, leisure travelers, and international businesspeople will put ever more pressure on courts, hospitals, hotels, and other commercial and government services to let them communicate in their own language,” commented report lead analyst, Vijayalaxmi Hegde.
Hegde said that though on-site and telephone interpreting continue to be the leading services in this industry, video remote interpreting has begun to show immense potential. Companies from the United States, Sweden, and the United Kingdom have traditionally dominated the interpreting business and this year has been no different. Two Asian companies also appear on the ranking.
“Top 15 Interpreting Companies: 2013”(http://www.commonsenseadvisory.com/AbstractView.aspx?ArticleID=5552) is part of the firm’s research membership. For more information, visit http://www.commonsenseadvisory.com.
About Common Sense Advisory
Common Sense Advisory, Inc. is an independent research and analysis firm specializing in the on- and offline operations driving business globalization, internationalization, localization, translation, and interpretation. Its research, consulting, and training help organizations improve the quality of their global business operations. For more information, visit: www.commonsenseadvisory.com or http://www.twitter.com/CSA_Research.
Melissa C. Gillespie
Common Sense Advisory
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